Corrugated Pipe Market Size and Trends

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.

Corrugated Pipe Market Key Factors

To learn more about this report, Request sample copy

Global corrugated pipe market growth is driven by increasing investments in wastewater management and transportation infrastructure projects across both developing and developed economies worldwide. Global corrugated pipe market trend shows growing demand for sustainable infrastructure materials. Modern corrugated pipes made from steel and plastic offer increased durability and lifespan as compared to traditional materials. Plastic corrugated pipes are gaining popularity due to their light weight and resistance to corrosion. Developments in pipe joining technology further improve pipe installation efficiency.

Growing infrastructure development worldwide

Global corrugated pipe market is expected to witness significant growth in the near future due to rising infrastructure development activities globally. There has been a major focus on developing roads, highways, transportation systems and utility networks to enhance connectivity and cater to the needs of steadily growing populations. Both developed as well as developing economies are channelizing massive investments towards bridging their infrastructure gaps. Countries are recognizing infrastructure as a key priority area to boost economic growth. Mega projects related to highways, rail networks, bridges, airports, water supply systems, and others are being undertaken. Rapid urbanization also boosts need for stronger infrastructure to support new residential and commercial construction. Governments are launching ambitious initiatives such as building smart cities with advanced infrastructure backbone. Multilateral development banks and private equity players have ramped up funding for infrastructure ventures across regions. These extensive infrastructure expansion plans involve laying extensive pipeline networks for transporting water, gas, oil and other chemicals. Corrugated pipes have established themselves as the material of choice for pipeline applications due to their key advantages over other alternatives. Their flexible structure and jointing technology allow them to be easily installed along roads, inside buildings and across challenging terrains. Corrugated pipes can withstand heavy loads and pressures without compromising on delivery and quality over long periods of time. The infrastructure boom underway is bound to exponentially increase demand for reliable piping solutions. Corrugated pipes are quite suitable for large infrastructure projects due to their cost effectiveness, robustness and ease of installation even in difficult areas. With construction activities projected to rise aggressively across both developed and emerging economies, the corrugated pipe market is expected to witness growth in the near future.

Corrugated Pipe Market Concentration By Players

To learn more about this report, Request sample copy

Rapid urbanization driving needs for utility distribution networks

Rapid urbanization can drive the global corrugated pipe market growth. There is large scale migration of people from rural to urban centres in search of better livelihood opportunities and superior quality of life. As per estimates, about 68% of the world population is expected to live in urban concentrations by 2050 as compared to 56% in 2018. This puts tremendous pressure on cities to expand their infrastructure and build new townships to accommodate burgeoning populations.