The global market for corrugated pipes was valued at approximately US$ 13,059.47 million in 2020 and is anticipated to grow to US$ 21,221.04 million by 2028. This growth represents a compound annual growth rate (CAGR) of 6.5% from 2021 to 2028.
A corrugated pipe features a series of parallel ridges and grooves along its surface. These pipes can be constructed from materials such as steel or various plastics, including high-density polyethylene (HDPE) and polyvinyl chloride (PVC). Corrugated pipes are primarily utilized in applications like storm drains and culverts, where their flexibility, durability, and strength are essential. The inherent flexibility of these pipes makes them more versatile and suitable for a broader range of applications compared to rigid or non-corrugated alternatives.
The corrugated pipe market is categorized based on application into several segments: power cable conduits, telecom cable ducts, drainage and sewerage lines, and building and construction. In 2020, the drainage and sewerage line segment was the leading segment in the market. Corrugated pipes are widely employed in storm drains and culverts due to their superior strength, flexibility, durability, and resistance to abrasion and chemicals. They come in various sizes; smaller pipes are used for drainage to manage runoff from gutters, while larger pipes are designed for storm drains and culverts. HDPE corrugated pipes are predominantly utilized in gravity flow water management systems, including subsurface drainage, leachate collection, storm drainage, and sanitary sewers. The non-brittle and lightweight characteristics of HDPE make it particularly suitable for underground applications. Additionally, HDPE pipes are easy to transport and install, which helps reduce overall project costs.
Geographically, the corrugated pipe market is divided into regions: North America, Europe, Asia Pacific (APAC), South and Central America (SAM), and the Middle East & Africa (MEA). The Asia Pacific region is both the fastest-growing and the leading market for corrugated pipes. The expansion of the building and construction sector, along with increasing electrification and power supply projects, is propelling the growth of the corrugated pipe market in this region. Countries such as China, Japan, and India are expected to see a rise in demand for corrugated pipes, driven by their robust agricultural sectors. Furthermore, the growth of manufacturing industries and industrialization in the region presents significant opportunities for key players in the corrugated pipe market. The presence of numerous domestic and international companies in Asia Pacific is likely to encourage manufacturers to focus on innovation, further enhancing growth prospects for the corrugated pipe market.
The COVID-19 pandemic has significantly affected the corrugated pipe market. The outbreak has disrupted operational efficiencies and value chains due to sudden national and international lockdowns, leading to revenue losses and operational challenges. Production and supply chain disruptions have negatively impacted the market. Many countries experienced lockdowns that limited the operations of businesses in construction and agriculture, severely affecting the demand for corrugated pipes. Additionally, the slump in construction activities has reduced the demand for PVC, a key material used in pipe manufacturing. Consequently, the decline in demand from end-use industries has adversely impacted the corrugated pipe market.
Research efforts in countries like the UK, the Netherlands, and Spain have focused on analyzing wastewater samples for traces of COVID-19. The pandemic has heightened the importance of monitoring and managing wastewater, including the treatment of medical, household, and hazardous waste, to mitigate potential health and environmental impacts. As cases rise in many developing regions, there is an increased emphasis on effective waste management. Governments are prioritizing wastewater segregation, ensuring that black water, gray water, and chemically contaminated water are processed through separate municipal systems. This heightened focus on wastewater management is expected to positively influence the corrugated pipe market.
Key players in the global corrugated pipe market include Advanced Drainage Systems, Bina Plastic Industries Sdn. Bhd, Jain Irrigation Systems Ltd., Fr?nkische Industrial Pipes GmbH and Co. KG, Dura Life India, Contech Engineered Solutions LLC, JM Eagle Inc., Pacific Corrugated Company, Pars Ethylene Kish Co., and TDR Inc..
The overall size of the global corrugated pipe market has been determined through a combination of primary and secondary research methods. The research process began with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data related to the market. Additionally, numerous primary interviews were conducted with industry participants to validate the data and gain deeper analytical insights. Participants included industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the global corrugated pipe market.