Study #: 4061 | Published: 01/2021 | Pages: 68 | Individual User License: US$ 2,900

Demand for conduit pipe and tubing is forecast to rise 2.3% per year to $2.6 billion in 2024. Gains will represent a significant slowdown from the 2014-2019 period, restrained by a weaker outlook for the building construction industry, the primary driver of demand for conduit. In particular, advances in market value will slow due to forecast declines in commercial building construction – which tends to use higher value conduit – in the wake of the COVID-19 pandemic

However, there are a number of tailwinds boosting demand for conduit going forward. These include:

  • the rollout of 5G telecommunications networks, requiring the installation of more fiber optic cabling protected by conduit
  • a growing preference for conduit over direct burial in the electrical industry to ensure less frequent outages and facilitate repairs

COVID-19 Pandemic a Major Drag on Conduit in the Near Term

The COVID-19 pandemic had a substantial impact on the construction industry in 2020, as major construction projects were put on hold or abandoned. New construction and commercial buildings – the primary outlets for conduit – were the most negatively impacted. As a result, conduit demand declined at a double-digit pace in 2020.

While new residential construction began to rebound in late 2020 and is expected to continue to rise through 2024, the outlook for commercial construction is less rosy. The pandemic has led to a poor climate for business investment on top of significant uncertainly about the future of offices and other commercial buildings. As a result, commercial construction activity is expected to continue to decline in 2021. This will restrain demand for conduit, particularly metal and aluminum types, which are heavily employed in commercial and industrial construction.

Rollout of 5G Wireless Networks Will Boost Conduit Demand

Wireless service providers began installing 5G network infrastructure in late 2019 and will continue to build network capacity over the coming years. This will be a boon for conduit, as 5G infrastructure requires the installation of thousands of miles of new fiber optic cabling. Fiber optic cables are more sensitive to moisture and mechanical stress than coaxial cables, and thus require greater protection through the use of conduit.


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Table of Contents

1. Executive Summary

2. About This Report

Report Details

Market Scope & Definitions

Impact of COVID-19 Pandemic

3. Overview

Historical Market Trends

Long-Term Forecast

Telecommunications Construction Overview

Pipe Pricing Trends

4. Materials

Demand by Material (Value)

Demand by Material (Linear Feet)

Demand by Material (Pounds)

Plastic

Steel

Aluminum

5. Competitive Analysis

Pipe Industry Composition

Key Conduit Suppliers

6. Appendix

Scope

Definitions

Freedonia Methodology

Study-Specific Methodology

Sources

Associations & Agencies

Related Studies & Reports

Macroeconomic Assumptions

Economic Environment

Demographic Trends

Residential Building Construction

Commercial Building Construction

Nonbuilding Construction Expenditures


List of Tables

2. About This Report

Table 2-1 | Annual Conduit Pipe Demand, 2019 - 2021 (million dollars, million pounds, & million linear feet)

3. Overview

Table 3-1 | Conduit Pipe Demand, 2009 - 2019 (million dollars, million linear feet, & million pounds)

Table 3-2 | Conduit Pipe Demand, 2009 - 2029 (million dollars, million pounds, & million linear feet)

Table 3-3 | Telecommunications Construction Expenditures, 2009 - 2029 (billion 2012 dollars & billion dollars)

Table 3-4 | Average Conduit Pipe Price by Material, 2009 - 2029 (dollars per pound & dollars per linear foot)

4. Materials

Table 4-1 | Conduit Pipe Demand by Material, 2009 - 2029 (million dollars)

Table 4-2 | Conduit Pipe Demand by Material, 2009 - 2029 (million linear feet)

Table 4-3 | Conduit Pipe Demand by Material, 2009 - 2029 (million pounds)

Table 4-4 | Plastic Conduit Pipe Demand by Resin, 2009 - 2029 (million dollars)

Table 4-5 | Plastic Conduit Pipe Demand by Resin, 2009 - 2029 (million pounds)

Table 4-6 | Plastic Conduit Pipe Demand by Resin, 2009 - 2029 (million linear feet)

Table 4-7 | Plastic Conduit Pipe: Major Applications, Drivers, & Restraints

Table 4-8 | Steel Conduit Pipe Demand, 2009 - 2029 (million dollars, million pounds, & million linear feet)

Table 4-9 | Steel Conduit Pipe: Major Applications, Drivers, & Restraints

Table 4-10 | Aluminum Conduit Pipe Demand, 2009 - 2029 (million dollars, million pounds, & million linear feet)

Table 4-11 | Aluminum Conduit Pipe: Major Applications, Drivers, & Restraints

6. Appendix

Table 6-1 | Relevant Industry Codes

Table 6-2 | Relevant HS Codes

Table 6-3 | Macroeconomic Indicators, 2009 - 2029 (billion 2012 dollars)

Table 6-4 | Population & Households, 2009 - 2029 (millions)

Table 6-5 | Residential Building Construction Expenditures, 2009 - 2029 (billion 2012 dollars & billion dollars)

Table 6-6 | Commercial Building Construction Expenditures, 2009 - 2029 (billion 2012 dollars & billion dollars)

Table 6-7 | Nonbuilding Construction Expenditures, 2009 - 2029 (billion 2012 dollars & billion dollars)


List of Figures

1. Executive Summary

Figure 1-1 | US Conduit Pipe Market

3. Overview

Figure 3-1 | Conduit Pipe Demand, 2000 - 2019 (million dollars)

Figure 3-2 | Conduit Pipe Demand, 2009 - 2029 (million dollars)

4. Materials

Figure 4-1 | Conduit Pipe Demand by Material, 2009 - 2024 (million dollars)

Figure 4-2 | Conduit Pipe Demand by Material, 2009 - 2024 (million linear feet)

Figure 4-3 | Conduit Pipe Demand by Material, 2009 - 2024 (million pounds)

Figure 4-4 | Plastic Conduit Pipe Demand by Resin, 2009 - 2024 (million dollars)

Figure 4-5 | Steel Conduit Pipe Demand, 2009 - 2024 (million dollars)

Figure 4-6 | Aluminum Conduit Pipe Demand, 2009 - 2024 (million dollars)

6. Appendix

Figure 6-1 | Annual Growth in Real GDP, 2000 - 2019, Compared to 1980 - 2005 Average (percent)

Figure 6-2 | Annual Population Growth, 2004 - 2019 (percent)


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