The corrugated pipe market comprises polypropylene, PVC, and metals such as corrugated steel and aluminum, which are commonly used for drainage, sewerage, and culverts applications. Corrugated pipes offer cost-effective drainage solutions and are highly durable to withstand various environmental conditions while transporting sewage, industrial effluents, and stormwater runoff. They are easy to install, require minimal excavation, and have high hydraulic efficiency.

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 key players are focusing on expanding their global footprint through acquisitions and mergers.

The growing construction activity along with rapid urbanization and industrialization is propelling the demand for corrugated pipes for effective drainage solutions in developing nations. Moreover, increasing spending on infrastructure development projects for roadways, railways, and buildings is further augmenting the market growth.

Globally, Asia Pacific holds the major share in the corrugated pipe market due to rapid economic development and infrastructure growth in the region. Moreover, North America and Europe are also significant markets owing to stringent wastewater management regulations. Key players are focusing on these regions for further expansion through collaborations with local players.

Market Drivers

The major driver for the Corrugated Pipe Market Share is rapid urbanization and industrialization. According to the UN, around 68% of the world population is projected to live in urban areas by 2050. This rapid urban migration is increasing the load on existing drainage infrastructure in cities. Thus, municipalities are upgrading and expanding sewage systems with cost-effective corrugated pipes to prevent waterlogging during monsoons. Furthermore, the ongoing industrial development in developing economies is also propelling the need for industrial drainage solutions. Thus, the growth in construction activities for developing smart cities and industries is expected to boost the demand for corrugated pipes during the forecast period.

Get more insights on Corrugated Pipe Market

Explroe more Articles related Graphene Market

For Enhanced Understanding, Dive into the Report in the Language that Connects with You

• French
• German
• Italian
• Russian
• Japanese
• Chinese
• Korean
• Portuguese

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)