by The global corrugated pipe market is one of the rapidly growing construction material markets. Corrugated pipes are widely used in agricultural, infrastructure, and industrial applications due to their flexible and durable properties. Corrugated pipes provide effective drainage solutions and are economically efficient as compared to concrete pipes. The growing construction of roads, highways, railways, and buildings has fueled the demand for corrugated pipes across major economies.
The Global Corrugated Pipe Market is estimated to be valued at US$ 25,049.1 Mn in 2024 and is expected to exhibit a CAGR of 6.1% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the corrugated pipe market are Pacific Corrugated Company, Bina Plastic Industries Sdn. Bhd, Jain Irrigation Systems Ltd., Fränkische Industrial Pipes Gmbh, Dura Life India, Contech Engineered Solutions LLC, JM Eagle Inc., Pars Ethylene Kish Co., Dutron, Jindal Plast, Crown Pipes, Shree Darshan Pipes, Jagannath Industries, Kuzeyboru, Mipa Industries. The key players are focusing on expanding their production capacities and global footprint through mergers & acquisitions.
The growing construction of roads, highways, railways, and buildings infrastructure projects across major economies presents significant growth opportunities for corrugated pipe manufacturers. Government investments in water infrastructure projects in developing nations will further augment the demand.
Asia Pacific dominates the Global Corrugated Pipe Market Demand owing to strong infrastructure development in China and India. Key players are shifting their production bases to Southeast Asian countries to leverage low labor and material costs. North America and Europe are other major markets for corrugated pipes driven by wastewater management and agricultural drainage applications.
Market Drivers
Rising infrastructure development projects for roads, highways, railways, buildings construction is the major factor driving the growth of the global corrugated pipe market. Government investments and public-private partnerships globally are focusing on developing modern infrastructure which is increasing the adoption of corrugated pipes. Furthermore, corrugated pipes offer economical drainage solution as compared to concrete pipes which is increasing its preference across drainage applications.
PEST Analysis
Political: Increased government spending on infrastructure projects like road construction, drainage systems, and irrigation projects. Regulations regarding proper disposal of waste water and sewage.
Economic: Rise in construction activity due to growing population and urbanization. Demand from industries like agriculture, chemical, and wastewater management. Fluctuation in raw material prices affect the overall costs.
Social: Growing awareness about environmental protection and proper waste disposal. Need for efficient drainage systems in housing and commercial complexes. Demand for low-cost piping solutions from price-sensitive markets.
Technological: Development of corrosion-resistant materials. Advanced production techniques to manufacture lightweight yet durable pipes. Usage of steel-concrete composite designs for high-pressure applications. Computer-aided design systems for accurate sizing of pipe networks.
In terms of value, Asia Pacific region holds the largest share in the corrugated pipe market due to rapid infrastructural growth in emerging economies like India, China, Thailand, and Indonesia. The Asia Pacific region accounts for over 40% of the global market value. Large-scale investments are being made to expand road networks, develop smart cities, and upgrade public utilities which drives the demand for pipes.
North America is the fastest growing regional market for corrugated pipes majorly attributed to wastewater and drainage projects in the US and Canada. Stringent government regulations regarding stormwater management and reuse have increased the adoption of corrugated piping solutions. Additionally, rehabilitation and replacement of aged underground collection systems propel the market growth in this region. The North America corrugated pipe market is projected to witness a CAGR of around 7% during the forecast period.
About Author - Money Singh
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. LinkedIn Profile
