Corrugated pipes are hollow structures made from different types of materials including plastic, metal, fiberglass and concrete. They are widely used for agricultural, industrial and municipal drainage applications. The corrugated design makes these pipes lightweight yet durable to withstand heavy loads and pressures. They are cost-effective, easy to transport and install which make them a preferred choice over rigid 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.
The growing industrialization and urbanization activities around the world are fueling the demand for effective drainage and sewerage systems. As a result, the Corrugated Pipe Market Demand is rapidly increasing. Corrugated pipes are widely utilized in transportation, utility, and construction industries for various piping applications due to their durability, flexibility, and cost-effectiveness. These pipes are essential in managing stormwater, sewage systems, and infrastructure projects, making them a critical component of modern urban development. The rising need for efficient drainage solutions and infrastructure development is significantly driving the demand for corrugated pipes in various sectors.
Major pipe manufacturers are expanding their global footprint by strengthening distribution networks across Asia Pacific, Latin America, Middle East and Africa. They are investing in organic and inorganic growth opportunities to meet the rising infrastructure needs of developing economies.
Market key trends
One of the key trends witnessed in the corrugated pipe market is the increasing usage of durable plastic materials like polypropylene and PVC. Plastic corrugated pipes offer several advantages over steel and concrete pipes such as corrosion resistance, light weight and flexibility. They are being increasingly adopted for agricultural, industrial and residential drainage systems globally. The eco-friendly nature and recyclability of these plastic pipes have further augmented their demand in recent years.
Porter's Analysis
Threat of new entrants: Low requirement for capital investment and easy availability of raw material reduces threat of new entrants. However, established players hold a major market share, creating entry barriers.
Bargaining power of buyers: Large buyers such as construction companies have significant bargaining power due to bulk orders. They can negotiate on price and demand better services.
Bargaining power of suppliers: Key raw materials such as HDPE, PVC and clay are abundantly available globally. Suppliers have moderate bargaining power.
Threat of new substitutes: Substitute options like concrete pipes are available at competitive prices but lack flexibility and corrosion resistance of corrugated pipes. Threat from substitutes is moderate.
Competitive rivalry: The market is moderately consolidated with top players competing on pricing, product quality and innovation. Rivalry is expected to intensify with rising demand.
The Asia Pacific region accounts for a major share of the global corrugated pipe market, both in terms of value and volume. This is attributed to extensive ongoing construction projects in the region, especially in China, India, Indonesia, and other developing Asian economies. North America is another prominent market for corrugated pipes due to rising exploration and production activities in shale oil and gas industry and spending on infrastructure projects. The Middle East and Africa market is projected to witness the fastest growth during the forecast period due to increasing investment in water management and wastewater treatment projects in GCC and African countries.
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