CORRUGATED PIPE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Regional Analysis

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North America has established itself as the dominant region in the global corrugated pipe market. With the U.S. being the key market, North America is estimated to account for 35.8% of the market share in 2024 due to, the region’s large construction industry and developed infrastructure across various sectors such as water supply, sewage & drainage, and transportation. Major players from the U.S. such as Advanced Drainage Systems and Fortune Products dominate the regional as well as global markets through continuous innovation in product development and operational efficiencies. North America is also a major exporter of corrugated steel pipes globally. Several American manufacturers supply to countries in Latin America, Europe and the Asia Pacific region. The prices of corrugated pipes from North America are highly competitive owing to economies of scale achieved by top firms. The region is known for its rigorous quality standards which makes its corrugated pipes preferable for large infrastructure projects across the world.

While North America leads the market currently, the fastest growth in the corrugated pipe market is witnessed in the Asia Pacific region. Rapid urbanization and industrial development have boosted infrastructural activities in countries such as China, India and South East Asian nations. This has accelerated the demand for corrugated pipes from various end-use industries. All major global players have established production facilities or are planning new investments in the Asia Pacific to tap into the massive future opportunities in the region.