As per the recent research reports published by FMI, the global microduct market is expected to cross the mark of USD 17.36 billion by 2033. In 2023, the market size is projected to be at USD 5.54 billion. The CAGR is anticipated to be at a sturdy 12.1% from 2023 to 2033.
Key factors that might surge the market growth are
One of the key benefits provided by the microducts is that these massively reduce capital expenditure and provide maximum utilization. These also act as a protective cover for micro-cables and fiber optic cables. This enhances the life cycle of the wiring. Such factors are expected to surge the demand for microduct during the forecast period.
The stakeholders from the Information Technology market are quite convinced of their capacity to act like cable management systems. The size of the tube varies depending on the requirement of the wiring, as a result of which the connection is seamless. These microducts are made of steel or plastic, and owing to their smooth internal surfaces, their installation is very easy. These might well increase the sales of microduct in the future.
The investors are impressed with the ability of the microducts to offer an economical solution, as these aid in network building, construction and reducing installation costs. These provide an economical alternative to rebuild, enhance, and improve data pathways for increased data demand. A lot of businesses have started preferring microducts over conventional wiring, which can be attributed to their ability to provide enhanced ruggedness and robust installation.
Most importantly, the lifecycle associated with microducts is very long as these are expandable and help in adding new users. These also assist in increasing network capacity. Moreover, rising urbanization is also a key factor, as infrastructural development may ultimately lead to better electronics and communication capabilities.
Microducts support micro trenching, which reduces construction costs and interference during installation. With so much to provide, the adoption of microduct is expected to skyrocket. However, the market might experience certain challenges owing to fluctuating prices of raw materials. Moreover, when the system is made to undergo servicing, the application of certain equipment can damage the hardware, which leads to high maintenance costs.
Asia Pacific is expected to hold the leading market share during the forecast period. Swift urbanization, coupled with the upgradation of telecommunication technology, is expected to surge market growth. The growth is further enhanced by the rapid adoption of the broadband network. North America is also expected to be one of the significant markets owing to the presence of many key players. Moreover, North America is the primary market for a lot of technological innovations, which leads to the early adoption of these technologies as compared to other regions.
| Attributes | Value |
|---|---|
| Microduct Market Value (2022) | USD 5.01 billion |
| Microduct Market Expected Value (2023) | USD 5.54 billion |
| Microduct Market Forecast Value (2033) | USD 17.36 billion |
| Microduct Market Expected CAGR (2023 to 2033) | 12.1% |
The evolution of telecommunication and information technology is expected to increase the demand for microduct during the forecast period. Moreover, telecom market investors invest huge amounts of money in fiber optic cables. The microduct is used in tandem with the fiber optic cables to increase data transmission efficiency. Thus, the massive growth of the USD 1 trillion worth of the telecom market presents mighty prospects for the microduct market. Considering all the above factors, the FMI researchers believe that the CAGR might steeply surge during the forecast period. While the historical CAGR for the market was 10.5%, the anticipated CAGR is 12.1%.
Short-term (2023 to 2026): During this period, we might see increased adoption of microducts in the cloud computing market. The microducts are used in the servers, which are used in cloud computing for storing, managing, and processing critical data.
Medium-term (2026 to 2029): During this period, the market may surge due to microduct fiber optic cable innovations. The ruggedized microduct, used for fulfilling the last mile needs, can support aerial, direct bury, and inside plant requirements.
Long-term (2029 to 2033): This is when we may witness a lot of innovations in the microduct market. Certain key players in the current times are working to develop an all-dielectric miniaturized loose tube microduct cable, which is specially designed for microduct applications. This is expected to increase the transmission speed by seventy per cent.
The United States is the hub of the information technology market. According to the research, the United States information technology market is expected to surpass USD 850 billion by 2029. Microducts are one of the most important components of information technology solutions. These enable fiber optic cable networks to operate at higher speeds.
The market is also meant for the presence of certain dominant players. This makes the services quite affordable in the region. Moreover, owing to highly sophisticated technological infrastructure, the country might easily get accustomed to product innovations.
After the COVID-19 pandemic, many organizations across Europe decided to implement work from a home policy permanently. Implementing work from the home policy has resulted in the surging adoption of cloud computing services. Cloud computing services have enabled storing data that can be accessed from anywhere, and the capacity for storing the data is quite high. The microducts are adopted by cloud computing companies as these help in data security and compliance requirements as well. The most important benefit is the fact that these play a pivotal role in Faster Data Recovery (FDR).
Japan is home to some famous telecom players, and despite being a very small nation, the telecom market was valued at USD 123.7 billion in 2022. The telecom players are investing in microducts because they can assist in the easy gradual deployment of cable networks. Moreover, the technicians may find it easier to fit the microducts owing to their longer installation sections, fewer joints, and storage bins. The most crucial benefit of the microduct is that it helps accommodate a bunch of optical fibers, ultimately providing more space.
South Korea is meant to produce top-quality fiber optic cables. The fiber optic cable market in South Korea was valued at USD 723 million in 2022. The market is expected to grow rapidly owing to technological advancements in the telecom sector. The rollout of 5G is expected to speed up the adoption rate. The microducts, when employed for the operation of the fiber optic cables, increase the system's robustness and reduce the installation cost. The amazing ability to increase the deployment speed has surged the market growth, and investors are pouring millions of dollars into microducts.
Based on the type, the flame retardant is expected to hold the dominant share during the forecast period. An increased demand for FTTX applications, coupled with the increased application in the data center, is expected to increase the market size. The stakeholders are also adopting flame retardants as these are environment-friendly and help achieve sustainability goals. These are also user-friendly and easy to install, which helps in higher operational efficiency.
The FTTX segment is expected to hold the leading market share during the forecast period. Increasing household usage owing to fiber optic-based broadband data networks is expected to surge the growth. The key players operating in the fiber optic cable network market are implementing projects to provide cost-effective and reliable network connections across regions.
The data center segment is expected to grow at a considerable CAGR due to increasing data center infrastructure demand. Artificial Intelligence's emergence is expected to propel the market growth during the forecast period further.
The start-ups operating in the market are providing mode multiplexers and light converters to improve the bandwidth and data transmission speed. The operation is based on MPLC technology, which also assists in light reshaping. With so much to offer, start-ups provide services to local networks, telecommunications, defence, aeronautics, etc.
Ubicquia: The start-up was founded in 2014. It has been providing smart street lighting solutions. They have provided a plug-and-play network and IoT router, replacing the streetlight photocell. In September 2020, Ubicquia raised funding of USD 30 million in a Series C round. Florida-based Fuel Venture Capital and the existing investors led the funding.
The key players are aware of using the right channel in order to spread relevant information about the manufactured products. This has led to a lot of investors focusing on choosing the right person to lead the sales and marketing department. The idea is to get on-board the veterans who have helped a lot of other companies achieve targets, and record higher profit margins.
Significant developments in the market
Dominant players in the market
| Company | Description |
|---|---|
| Hexatronic | Hexatronic has been enabling non-stop connectivity among regions. The company has been catering customers across four continents, and offering leading edge fiber technology. The group consists of 49 operational entities, and employees more than 1300+ workers. The company was founded in 1993 in Sweden. Hexatronic has been offering a range of passive fiber optic infrastructure. Owning the complete production chain has been giving the company greater flexibility, which has allowed Hexatronic to respond quickly. |
| Emtelle | Emtelle has been committing itself to work closely with its customers for delivering high-quality solutions and high-class technical support. The company is recognized in the global market as a full solution provider which goes the extra mile from concept to completion. Emtelle has been working tirelessly to reduce impact on climate change by sourcing environmentally friendly materials and sustaining the resources. By serving over 100 countries from 4 manufacturing sites, Emtelle has always been the suppliers choice for FTTX network deployments. |
| Egeplast | Egeplast is a highly motivated manufacturer that has been raising the bars since decades in the production of plastic pipe systems. With customers in more than 30 countries, the company has been providing quality products and consulting solutions. The focus has always been on intelligent pipe systems for the modern, trenchless pipe installation, and restructuring processes. Established in 1908, Egeplast continues to be family-owned, and operated by the fourth generation. The highly qualified and motivated employees strive daily to satisfy the customers. |
Other companies profiled: Primo, Prysmian Group, Datwyler Holding Inc., Clearfield Inc., Spur A.S., GM Plast A/S, Belden Inc.
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Global Market Volume (Meter) Forecast by Region, 2018 to 2033
Table 3: Global Market Value (US$ Million) Forecast by Type, 2018 to 2033
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Table 5: Global Market Value (US$ Million) Forecast by Installation Type, 2018 to 2033
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Table 7: Global Market Value (US$ Million) Forecast by Application, 2018 to 2033
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Table 9: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 10: North America Market Volume (Meter) Forecast by Country, 2018 to 2033
Table 11: North America Market Value (US$ Million) Forecast by Type, 2018 to 2033
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Table 17: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
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Table 21: Latin America Market Value (US$ Million) Forecast by Installation Type, 2018 to 2033
Table 22: Latin America Market Volume (Meter) Forecast by Installation Type, 2018 to 2033
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Table 25: Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
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Table 27: Europe Market Value (US$ Million) Forecast by Type, 2018 to 2033
Table 28: Europe Market Volume (Meter) Forecast by Type, 2018 to 2033
Table 29: Europe Market Value (US$ Million) Forecast by Installation Type, 2018 to 2033
Table 30: Europe Market Volume (Meter) Forecast by Installation Type, 2018 to 2033
Table 31: Europe Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 32: Europe Market Volume (Meter) Forecast by Application, 2018 to 2033
Table 33: Asia Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 34: Asia Pacific Market Volume (Meter) Forecast by Country, 2018 to 2033
Table 35: Asia Pacific Market Value (US$ Million) Forecast by Type, 2018 to 2033
Table 36: Asia Pacific Market Volume (Meter) Forecast by Type, 2018 to 2033
Table 37: Asia Pacific Market Value (US$ Million) Forecast by Installation Type, 2018 to 2033
Table 38: Asia Pacific Market Volume (Meter) Forecast by Installation Type, 2018 to 2033
Table 39: Asia Pacific Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 40: Asia Pacific Market Volume (Meter) Forecast by Application, 2018 to 2033
Table 41: MEA Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 42: MEA Market Volume (Meter) Forecast by Country, 2018 to 2033
Table 43: MEA Market Value (US$ Million) Forecast by Type, 2018 to 2033
Table 44: MEA Market Volume (Meter) Forecast by Type, 2018 to 2033
Table 45: MEA Market Value (US$ Million) Forecast by Installation Type, 2018 to 2033
Table 46: MEA Market Volume (Meter) Forecast by Installation Type, 2018 to 2033
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Table 48: MEA Market Volume (Meter) Forecast by Application, 2018 to 2033
Figure 1: Global Market Value (US$ Million) by Type, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by Installation Type, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by Application, 2023 to 2033
Figure 4: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 6: Global Market Volume (Meter) Analysis by Region, 2018 to 2033
Figure 7: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 8: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 9: Global Market Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 10: Global Market Volume (Meter) Analysis by Type, 2018 to 2033
Figure 11: Global Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 12: Global Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 13: Global Market Value (US$ Million) Analysis by Installation Type, 2018 to 2033
Figure 14: Global Market Volume (Meter) Analysis by Installation Type, 2018 to 2033
Figure 15: Global Market Value Share (%) and BPS Analysis by Installation Type, 2023 to 2033
Figure 16: Global Market Y-o-Y Growth (%) Projections by Installation Type, 2023 to 2033
Figure 17: Global Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 18: Global Market Volume (Meter) Analysis by Application, 2018 to 2033
Figure 19: Global Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 20: Global Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 21: Global Market Attractiveness by Type, 2023 to 2033
Figure 22: Global Market Attractiveness by Installation Type, 2023 to 2033
Figure 23: Global Market Attractiveness by Application, 2023 to 2033
Figure 24: Global Market Attractiveness by Region, 2023 to 2033
Figure 25: North America Market Value (US$ Million) by Type, 2023 to 2033
Figure 26: North America Market Value (US$ Million) by Installation Type, 2023 to 2033
Figure 27: North America Market Value (US$ Million) by Application, 2023 to 2033
Figure 28: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 29: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 30: North America Market Volume (Meter) Analysis by Country, 2018 to 2033
Figure 31: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 32: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 33: North America Market Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 34: North America Market Volume (Meter) Analysis by Type, 2018 to 2033
Figure 35: North America Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 36: North America Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 37: North America Market Value (US$ Million) Analysis by Installation Type, 2018 to 2033
Figure 38: North America Market Volume (Meter) Analysis by Installation Type, 2018 to 2033
Figure 39: North America Market Value Share (%) and BPS Analysis by Installation Type, 2023 to 2033
Figure 40: North America Market Y-o-Y Growth (%) Projections by Installation Type, 2023 to 2033
Figure 41: North America Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 42: North America Market Volume (Meter) Analysis by Application, 2018 to 2033
Figure 43: North America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 44: North America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 45: North America Market Attractiveness by Type, 2023 to 2033
Figure 46: North America Market Attractiveness by Installation Type, 2023 to 2033
Figure 47: North America Market Attractiveness by Application, 2023 to 2033
Figure 48: North America Market Attractiveness by Country, 2023 to 2033
Figure 49: Latin America Market Value (US$ Million) by Type, 2023 to 2033
Figure 50: Latin America Market Value (US$ Million) by Installation Type, 2023 to 2033
Figure 51: Latin America Market Value (US$ Million) by Application, 2023 to 2033
Figure 52: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 53: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 54: Latin America Market Volume (Meter) Analysis by Country, 2018 to 2033
Figure 55: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 57: Latin America Market Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 58: Latin America Market Volume (Meter) Analysis by Type, 2018 to 2033
Figure 59: Latin America Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 60: Latin America Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 61: Latin America Market Value (US$ Million) Analysis by Installation Type, 2018 to 2033
Figure 62: Latin America Market Volume (Meter) Analysis by Installation Type, 2018 to 2033
Figure 63: Latin America Market Value Share (%) and BPS Analysis by Installation Type, 2023 to 2033
Figure 64: Latin America Market Y-o-Y Growth (%) Projections by Installation Type, 2023 to 2033
Figure 65: Latin America Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 66: Latin America Market Volume (Meter) Analysis by Application, 2018 to 2033
Figure 67: Latin America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 68: Latin America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 69: Latin America Market Attractiveness by Type, 2023 to 2033
Figure 70: Latin America Market Attractiveness by Installation Type, 2023 to 2033
Figure 71: Latin America Market Attractiveness by Application, 2023 to 2033
Figure 72: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 73: Europe Market Value (US$ Million) by Type, 2023 to 2033
Figure 74: Europe Market Value (US$ Million) by Installation Type, 2023 to 2033
Figure 75: Europe Market Value (US$ Million) by Application, 2023 to 2033
Figure 76: Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 77: Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 78: Europe Market Volume (Meter) Analysis by Country, 2018 to 2033
Figure 79: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 80: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 81: Europe Market Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 82: Europe Market Volume (Meter) Analysis by Type, 2018 to 2033
Figure 83: Europe Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 84: Europe Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 85: Europe Market Value (US$ Million) Analysis by Installation Type, 2018 to 2033
Figure 86: Europe Market Volume (Meter) Analysis by Installation Type, 2018 to 2033
Figure 87: Europe Market Value Share (%) and BPS Analysis by Installation Type, 2023 to 2033
Figure 88: Europe Market Y-o-Y Growth (%) Projections by Installation Type, 2023 to 2033
Figure 89: Europe Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 90: Europe Market Volume (Meter) Analysis by Application, 2018 to 2033
Figure 91: Europe Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 92: Europe Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 93: Europe Market Attractiveness by Type, 2023 to 2033
Figure 94: Europe Market Attractiveness by Installation Type, 2023 to 2033
Figure 95: Europe Market Attractiveness by Application, 2023 to 2033
Figure 96: Europe Market Attractiveness by Country, 2023 to 2033
Figure 97: Asia Pacific Market Value (US$ Million) by Type, 2023 to 2033
Figure 98: Asia Pacific Market Value (US$ Million) by Installation Type, 2023 to 2033
Figure 99: Asia Pacific Market Value (US$ Million) by Application, 2023 to 2033
Figure 100: Asia Pacific Market Value (US$ Million) by Country, 2023 to 2033
Figure 101: Asia Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 102: Asia Pacific Market Volume (Meter) Analysis by Country, 2018 to 2033
Figure 103: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 104: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 105: Asia Pacific Market Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 106: Asia Pacific Market Volume (Meter) Analysis by Type, 2018 to 2033
Figure 107: Asia Pacific Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 108: Asia Pacific Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 109: Asia Pacific Market Value (US$ Million) Analysis by Installation Type, 2018 to 2033
Figure 110: Asia Pacific Market Volume (Meter) Analysis by Installation Type, 2018 to 2033
Figure 111: Asia Pacific Market Value Share (%) and BPS Analysis by Installation Type, 2023 to 2033
Figure 112: Asia Pacific Market Y-o-Y Growth (%) Projections by Installation Type, 2023 to 2033
Figure 113: Asia Pacific Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 114: Asia Pacific Market Volume (Meter) Analysis by Application, 2018 to 2033
Figure 115: Asia Pacific Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 116: Asia Pacific Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 117: Asia Pacific Market Attractiveness by Type, 2023 to 2033
Figure 118: Asia Pacific Market Attractiveness by Installation Type, 2023 to 2033
Figure 119: Asia Pacific Market Attractiveness by Application, 2023 to 2033
Figure 120: Asia Pacific Market Attractiveness by Country, 2023 to 2033
Figure 121: MEA Market Value (US$ Million) by Type, 2023 to 2033
Figure 122: MEA Market Value (US$ Million) by Installation Type, 2023 to 2033
Figure 123: MEA Market Value (US$ Million) by Application, 2023 to 2033
Figure 124: MEA Market Value (US$ Million) by Country, 2023 to 2033
Figure 125: MEA Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 126: MEA Market Volume (Meter) Analysis by Country, 2018 to 2033
Figure 127: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 128: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 129: MEA Market Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 130: MEA Market Volume (Meter) Analysis by Type, 2018 to 2033
Figure 131: MEA Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 132: MEA Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 133: MEA Market Value (US$ Million) Analysis by Installation Type, 2018 to 2033
Figure 134: MEA Market Volume (Meter) Analysis by Installation Type, 2018 to 2033
Figure 135: MEA Market Value Share (%) and BPS Analysis by Installation Type, 2023 to 2033
Figure 136: MEA Market Y-o-Y Growth (%) Projections by Installation Type, 2023 to 2033
Figure 137: MEA Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 138: MEA Market Volume (Meter) Analysis by Application, 2018 to 2033
Figure 139: MEA Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 140: MEA Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 141: MEA Market Attractiveness by Type, 2023 to 2033
Figure 142: MEA Market Attractiveness by Installation Type, 2023 to 2033
Figure 143: MEA Market Attractiveness by Application, 2023 to 2033
Figure 144: MEA Market Attractiveness by Country, 2023 to 2033
The market is valued at USD 5.54 billion in 2023.
The market is forecasted to register a CAGR of 12.1% through 2033.
The market is estimated to reach USD 17.36 billion by 2033.
The market registered a 10.5% CAGR from 2017 to 2022.
Flame retardant will remain preferred in the market.
Microduct Market
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