Corrugated Pipe Market Dominated By Growing Construction and Agricultural Sectors

 

corrugated pipe market

The corrugated pipe market is anticipated to witness high growth owing to increasing construction activities globally. Corrugated pipes find widespread usage in drainage, sewerage, and irrigation applications due to their rigid design and cost-effectiveness. Made from materials like plastic, metal, and concrete, corrugated pipes provide strength and durability. Their flexibility and resistance to pressure make them suitable for underground drainage systems. With rapid urbanization driving infrastructure development, the need for efficient drainage solutions is rising. Furthermore, mechanized farming and emphasis on water conservation are fueling the adoption of corrugated pipes in agricultural practices.

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. These players are focusing on expanding their product portfolio and global footprint through mergers & acquisitions.

The key opportunities in the market include rising investment in agriculture infrastructure development projects across major economies. Governments are undertaking initiatives to modernize irrigation systems and enhance water use efficiency. This is creating a conducive environment for corrugated pipe suppliers.

Global expansion remains a prime strategy for Corrugated Pipe Market Demand manufacturers. The companies are targeting high growth regions like Asia Pacific, Latin America, and Middle East & Africa to tap into opportunities in construction as well as agriculture sectors. Investments in production capacity expansion and distribution networks in emerging nations are on the rise.

Market Drivers
Growing construction spending on water supply and drainage projects is a key driver for the corrugated pipe market. Rapid urbanization and the need to provide proper sewage systems are prompting investments in pipe laying activities around the world. According to industry estimates, global construction output is forecast to increase 85% by 2030 from the 2021 level. This factors favor market growth.

Market Restraints
Volatility in raw material prices poses a challenge for corrugated pipe producers. Plastic and metal are major inputs that account for significant production costs. Fluctuations in commodity rates directly impact the prices of corrugated pipes. Moreover, growing concerns about plastic waste and support for eco-friendly alternatives may restrain market expansion in the long run. Many countries are encouraging shifts to reusable and sustainable pipe materials.

Segment Analysis
The corrugated pipe market is dominated by the plastic segment owing to its several advantages over metallic corrugated pipes such as lighter weight, ease of installation, durability, and rust-resistance. Plastic corrugated pipes are further segmented into polypropylene, polyethylene, PVC, and others. Polypropylene accounts for the largest share as it offers high mechanical strength, chemical resistance, and longevity. Polyethylene holds the second position due to its affordability and wide usage in agricultural drainage systems.

Global Analysis
The Asia Pacific region holds the largest share in the corrugated pipe market and is expected to witness the highest growth during the forecast period. This is attributed to the rising construction activities, expanding agricultural sector, and growing industrialization in developing countries like India and China. China dominates the Asia Pacific market due to the increasing infrastructure projects relating to wastewater management and transportation. Europe holds the second position due to stringent regulations regarding wastewater treatment in the region. Germany, UK, and France contribute significantly to the European market. North America is projected to grow at a moderate rate owing to the mature markets in the US and Canada.

 

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About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc.

(https://www.linkedin.com/in/ravina-pandya-1a3984191)

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