Corrugated Pipe Market Report
Corrugated Pipe Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2027 See less
Corrugated Pipe Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2027
Corrugated Pipe Market is Segmented by Type (Single Wall Corrugated and Double Wall Corrugated), by Product Type (Metal Corrugated Pipe and Plastic Corrugated Pipe), by Application Type (Drainage and Sewerage Lines, Power Cable Conduit and Telecom Cable Duct, and Building and Construction), and by Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, Italy, and Rest of Europe], Asia-Pacific [China, Japan, India, South Korea, and Rest of Asia-Pacific], and Rest of the World [Brazil, Argentina, and Others]).
The surface of a corrugated pipe is covered in a pattern of parallel ridges and grooves. Steel or plastics such as high-density polyethylene (HDPE) and polyvinyl chloride (PVC) can be used to make corrugated pipes. The majority of uses for corrugated pipes include storm drains and culverts, where flexibility, toughness, and endurance are the crucial properties. In comparison to rigid and non-corrugated pipes, corrugated pipes' flexibility makes them more useful and ideal for a wide range of applications.
The corrugated pipe market suffered a setback, following the outbreak of the pandemic. Several nations experienced lockdowns. As a result, industries such as agriculture and construction were forced to operate at reduced capacity, which negatively impacted the market for corrugated pipes. Furthermore, the construction industry has been in a decline, which has impacted the demand for PVC, which is used to make pipes. As a result, the market for corrugated pipes has been negatively impacted by the end-use sector’s low demand. The segregation of wastewater is a major concern for governments worldwide. The market for corrugated pipes will benefit from the focus on wastewater control.
One of the major factors boosting the growth of the corrugated pipe market is its suitability in a broad range of applications. Plastic corrugated pipes are perfect for cable ducting and electrical conduit, which are used in building walls, under roads, and under sidewalks. Infrastructure is shielded from harm by corrugated electrical and cable ducting used in telecommunications, lighting, and other utilities. Additionally, because they can endure the pressure put on them by heavy traffic and shaky foundations, corrugated steel pipes are used in the building sector. Agricultural areas use corrugated polyethylene pipes for stock ponds, field drainage, and soil moisture control. Corrugated pipes constructed of various materials are thus suitable for a variety of applications, which is boosting their demand and propelling the market expansion. As a result of these factors, the corrugated pipe market is expected to grow at a promising CAGR of 6.8% during the forecast period.
The market is bifurcated into single wall corrugated and double wall corrugated. Single wall corrugated pipe is likely to remain the faster-growing segment of the market in the foreseen future. High-density polyethylene (HDPE) sheathing pipes with a single wall are known as single wall corrugated pipes, and they are typically utilised in bridge and flyover projects, offshore platforms, tunnels, and viaduct bridges. They are also used in the construction of underpasses and a wide range of electrical installations, such as metro track lights and street lighting. Residential stormwater drainage issues, such as downspout overflow, driveway culverts, foundation and window well drain, and damp spots on the lawn, can be easily and affordably solved using single wall corrugated pipes. These are the factors expected to promote the expansion of the single wall corrugated segment in the coming years.
The market is segmented as metal corrugated pipe and plastic corrugated pipe. The plastic corrugated pipe segment is expected to remain the more preferred product type during the forecast period. Plastic corrugated pipe is one of the most chemically inert drainage products. High-density polyethylene (HDPE), polyvinyl chloride (PVC), and polypropylene (PP), among other materials, are the most common ones used to make plastic corrugated pipes, which can be used to manoeuvre through crowded utility corridors, adapt to specific site conditions, or cross treacherous terrain.
The market is segmented as drainage and sewerage lines, power cable conduit and telecom cable duct, and building and construction. Among these application types, the drainage and sewerage segment is likely to remain the biggest demand generator for corrugated pipes during the forecast period owing to their widescale utilization in storm drains and culverts due to their excellent strength, flexibility, durability, abrasion resistance, and chemical resistance. Corrugated pipes come in various sizes, with smaller ones being used for drainage applications to carry gutter overflow and larger ones being used for storm drains and culverts. Most gravity flow water management systems, including subsurface drainage, leachate collection, storm drainage, and sanitary sewers, use corrugated HDPE pipes. HDPE is regarded as the best material to use in underground buildings because it is lightweight and is not brittle. Additionally, HDPE-based pipes are simple to transport and install, which reduces the overall project costs.
Asia-Pacific is expected to remain the largest market for corrugated pipes over the forecast period. The demand for corrugated pipes in this region is being driven by the expansion of the manufacturing industry as well as the building and construction sector. Demand for corrugated pipes for irrigation and drainage systems is also rising as a result of the sizeable and well-established agricultural sectors in countries such as China and India. The expansion of the corrugated pipe market is also being fuelled by the growth of the telecom sector in the Asia-Pacific region.
The following are some of the key players in the corrugated pipe market:
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s corrugated pipe market realities and future market possibilities for the forecast period of 2022 to 2027. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
The corrugated pipe market is segmented into the following categories:
Corrugated Pipe Market, by Type
Corrugated Pipe Market, by Product Type
Corrugated Pipe Market, by Application Type
Corrugated Pipe Market, by Region
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The corrugated pipe market is estimated to grow at a healthy CAGR of 6.8% over the next five years. Suitability of the product in a broad range of applications is one of the major factors boosting the growth of the corrugated pipe market.
Advanced Drainage Systems, Bina Plastic Industries Sdn. Bhd., Contech Engineered Solutions LLC, Dura Life India, Jain Irrigation Systems Ltd., Frankische Industrial Pipes GmbH and Co. Kg, Jm Eagle, Inc., Pacific Corrugated Pipe Company, Pars Ethylene Kish Co. and TDR, Inc. are some of the key players in the market.
Asia-Pacific is estimated to be dominant in the corrugated pipe market in the coming years. The demand for corrugated pipes in this region is being driven by the expansion of the manufacturing industry as well as the building and construction sector.
Asia-Pacific is estimated to grow at the fastest rate in the coming five years owing to the rising demand for corrugated pipes for irrigation and drainage systems as a result of the sizeable and well-established agricultural sectors in countries such as China and India. The expansion of the corrugated pipe market is also being fuelled by the growth of the telecom sector in the Asia-Pacific region.
Drainage and sewerage segment is likely to remain the biggest demand generator for corrugated pipes during the forecast period owing to their widescale utilization in storm drains and culverts due to their excellent strength, flexibility, durability, abrasion resistance, and chemical resistance.