Corrugated pipe is a pipe made of any material (plastic, metal, cement) in which the material is pressed or formed into an alternating pattern of ridges and grooves. Corrugated pipes are commonly used for drainage systems, sewer pipes, and culverts. They provide structural strength and flexibility. With increasing infrastructure development like roadways, railways, buildings, etc driven by rapid urbanization, there is a rise in demand for efficient drainage systems, which drives the need for corrugated pipes.
Global corrugated pipe market is estimated to be valued at USD 16,549.5 Mn in 2024 and is expected to reach USD 25,049.1 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.1% from 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.These players are focusing on new product launches and expansion strategies to cater to the rising demand.
- Growing construction spending on infrastructural projects such as highways, railways, and airports is a major factor boosting Corrugated Pipe Market Demand for efficient drainage solutions. As governments invest heavily in large-scale infrastructure development, the need for reliable and durable drainage systems becomes more critical. Corrugated pipes are increasingly being used in these projects due to their cost-effectiveness, flexibility, and durability. Additionally, government initiatives aimed at improving infrastructure are further fueling the market growth, as they prioritize sustainable and efficient drainage systems in urban and rural development plans.
- Technological advancements in pipe material and manufacturing processes are enabling mass production of corrosion-resistant and durable corrugated pipes suited for various drainage applications. Materials like HDPE, PVC, and PP offers flexibility and longevity.
Market Trends
- Increasing adoption of HDPE corrugated pipes: HDPE material offers superior corrosion resistance, flexibility, durability and is 100% recyclable. HDPE pipes are gaining popularity over traditional materials.
- Growth in trenchless technology: Trenchless pipe replacement techniques like pipe bursting and close fit pipe lining reduces costs, disruption and excavation needs. This trend is driving innovations and adoption of flexible corrugated pipes.
Market Opportunities
- Rising focus on sustainable infrastructure will create opportunities for eco-friendly and recyclable corrugated pipe materials like HDPE.
- Growing agriculture and irrigation sectors in developing nations will boost demand for corrugated pipes for efficient drainage and irrigation systems.
Impact of COVID-19 on Corrugated Pipe Market Growth
The coronavirus pandemic has adversely impacted the global corrugated pipe market. Nationwide lockdowns imposed to curb COVID-19 spread disrupted manufacturing and supply chain networks worldwide. This led to a significant decline in demand for corrugated pipes from industries like construction, agriculture, and wastewater management. In many regions, all non-essential construction activities were suspended during lockdowns, drastically reducing demand from the construction sector which is a key end-user of corrugated pipes. Border restrictions also made international trade and transportation of goods difficult. This affected the availability of raw materials for corrugated pipe producers.
However, with lifting of lockdowns and resumption of economic activities, demand is slowly reviving. Many governments announced infrastructure development plans and construction of public utilities in a bid to boost economic recovery. This provides opportunities for corrugated pipe market to regain lost momentum. Producers are focusing on innovative material and coating technologies to develop corrosion resistant and durable pipes demanded in wastewater management and agriculture post COVID. Adoption of advanced manufacturing technologies can help meet the immediate demand while maintaining production efficiency.
In terms of geographical concentration, Asia Pacific accounts for the major share of the global corrugated pipe market in terms of value. Abundant availability of raw materials, growing population and urbanization rate driving infrastructural development in countries like China and India make APAC the largest regional market. The construction sector growth in these densely populated regions requiring extensive drainage and sewage systems has continually boosted demand.
Europe ranks among the fastest growing regions for corrugated pipes market. Rising investments in wastewater treatment facilities across western European nations are driving the regional market growth. Countries like Germany, UK, Spain are focusing on modernization and expansion of existing sewage infrastructure to meet stringent environmental regulations. The regional market is also stimulated by growth in renovation and rehabilitation activities of aging pipelines.
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