Increasing growth of flame retardant microducts to drive the overall market
The global microducts market worldwide is expected to grow with a CAGR of 4.5% during the forecast period from 2019 to 2027, starting from US$ 0.23 Bn in 2018.
Flame retardant microducts are gaining immense popularity owing to increasing safety regulations by the governments and regulatory authorities. Increasing demand for safer and more cost effective ducting solutions in electrical and construction applications are expected to drive the demand for flame retardant microducts over the forecast period. Moreover, increasing usage of bio based flame retardants in microducts coupled with rising demand for flame retardant fiber optic cables are some key elements anticipated to pose lucrative opportunities in the global market.
Market Synopsis
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Asia Pacific to Register the Fastest Growth Due to High Demand from China and India
The Americas will be the major market contributor in terms of geographical regions throughout the forecast period. This is mainly due to the presence of a large number of manufacturers especially in the U.S. Rising consumer spending on premium quality components as well as increasing inclination of construction professionals to procure safer and regulatory complaint microducts are projected to drive the North American market. Owing to increasing construction activities in developing countries of Asia-Pacific such as India and China coupled with rising consumer spending towards optimizing the fiber optic network in these countries are expected to drive the Asia-Pacific microducts market. Latin America and Middle East & Africa are expected to foresee considerable growth majorly due to increasing number of market players as well as rising number of construction professionals in the region.
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Some of the prominent players operating in the microducts market include Belden, CCSI, Blue Diamond Industries (BDI), Datwyler, Blownfibre, Dura-Line, Emtelle, Hexatronic, Knet Blulight and Eurolan among others.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The microducts market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global microducts market based on application, type and geography. Key segments covered in the report are as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Billion |
| Segmentation |
Type Segment (2017–2027; US$ Bn)
• Direct Install Type
• Direct Burial Type
• Flame Retardant Type
|
|
Application Segment (2017–2027; US$ Bn)
• FTTX Networks
• Backbone Networks
• Others
|
|
Geography Segment (2017–2027; US$ Bn)
• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa, Latin America)
|
Key questions answered in this report
- What region or segment will drive or lead the market growth?
- What is the top player positioning in the global microducts market
- What are the major sustainability strategies adopted by major players in the global market?
- What will be the impact of major drivers and restraints on the growth of the global microducts market?
Unique data points of this report
- Key growth factors, challenges and current trends pertaining in the global market
- Major strategies adopted by market giants
- Qualitative analysis through SWOT, and industry chain analyses
- Comprehensive quantitative analysis of key segments and regions
