Right Now
Corrugated Pipe Market will grow at highest pace owing
to increasing infrastructure development activities
The corrugated pipe market is used extensively for drainage,
sewage disposal, and construction purposes owing to its high flexibility and
robustness. Corrugated pipes help transport gases, liquids, and semi-solids
over long distances. They are made from materials like HDPE, PVC, metal, and
others. Corrugated pipes provide high resistance to impact, pressure, erosion,
and corrosion. They are light-weight and easy to transport.
The global
corrugated pipe market is estimated to be valued at US$ 16,549.5 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 Companies 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 demand for
corrugated pipes is growing across industries such as agriculture,
infrastructure, mining due to their lightweight and durable nature. Technological
advancements are focused on producing corrosion resistant and environmentally
sustainable corrugated pipes.
Market Trends
Growing investments in smart cities and infrastructural developments across the
world are driving the demand for corrugated pipes for drainage, sewage, and
construction applications. Manufacturers are developing large diameter
corrugated pipes to support mega construction projects. Adoption of bio-based
and recycled material for corrugated pipe production is gaining traction to reduce
ecological footprint.
Market Opportunities
Rising needs for irrigation systems and water management infrastructure in
agricultural sector presents significant opportunity for corrugated pipe
providers. Rapid urbanization is necessitating robust drainage and sewerage
solutions, offering scope for innovative corrugated pipes integrated with
sensors for monitoring applications. Demand for pollution free and sustainable
corrugated pipes from segments like oil & gas also provides major Corrugated
Pipe Market Share prospects.
Impact of COVID-19 on Corrugated Pipe
Market Growth
The COVID-19 pandemic severely impacted the corrugated pipe market in 2020.
Government restrictions led to temporary closures of manufacturing facilities
and disruptions in supply chains worldwide. This caused delays and postponement
of infrastructure projects that utilize corrugated pipes. The lockdowns also
resulted in reduced labor availability and cash flows issues for pipe
manufacturers.
However, the market is now recovering well in the post-COVID era.
Infrastructure investments are rebounding strongly in many countries as
governments focus on reviving economic growth. There is increased focus on
upgrading existing drainage and sewerage systems using corrugated pipes.
Projects in sectors like irrigation, transport etc that were deferred during
the peak of pandemic are now restarting. Manufacturers are ramping up
production capabilities to cater to the rising demand. The long term
projections for the market remain positive due to the huge backlog of infrastructure
projects globally and ongoing urbanization trends in developing nations. Future
growth will be driven by measures to accelerate project clearances, innovative
product development, expansion into new geographies and cost competitiveness.
Asia Pacific Concentration of Corrugated
Pipe Market
The Asia Pacific region dominates the global corrugated pipe market in
terms of value. Countries like India, China, Indonesia, Vietnam etc account for
a major share of worldwide pipe consumption driven by massive investments in
construction, agriculture and industrial sectors. Rapid urbanization,
population growth, government initiatives for rural development and
construction of integrated road networks have boosted pipe installation across
APAC. In India, the implementation of programs such as Smart Cities Mission,
AMRUT, Pradhan Mantri Awas Yojana is propelling corrugated pipe usage.
Similarly, China's continued focus on transportation infrastructure like
high-speed railways sustains pipe demand.
Fastest Growing Region in Corrugated
Pipe Market
Africa is expected to be the fastest growing region in the global
corrugated pipe market during the forecast period. Countries in East and West
Africa such as Nigeria, Kenya, Ethiopia, Angola are prioritizing construction
of water supply and sanitation networks, which offer vast opportunities for
domestic and foreign pipe manufacturers. African governments are increasingly
collaborating with multilateral lenders to fund irrigation and drainage
projects that deploy corrugated steel pipes on a large scale. Additionally,
initiatives for rural tap water connections and construction of roads/highways
drive regional market expansion. Improving FDI inflows for infrastructure and
robust economic growth support the rising consumption trends.
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