Global corrugated pipe market is estimated to be valued at USD 16,549.5 Mn in 2024, exhibiting a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031. Corrugated pipes are highly durable and flexible pipes made from materials such as plastic, metal, and concrete. These are extensively used for drainage, sewerage, and culvert applications due to their resistance to deformation under pressure. Growing construction activities and infrastructure development projects across the world have significantly boosted demand for corrugated pipes. Rapid urbanization and the need for effective water management systems especially in developing nations can drive the market growth. However, fluctuations in raw material prices can hamper the market growth over the forecast period. Increasing investments in drainage, wastewater treatment, and other civil engineering projects are expected to offer opportunities for corrugated pipe manufacturers.
Market Dynamics:
Global corrugated pipe market growth is driven by factors such as rapid urbanization coupled with growing investments in construction and infrastructure development projects. Corrugated pipes are used in drainage, sewerage, and wastewater treatment systems, owing to advantages such as durability, strength, and flexibility. Growing focus on sustainable water management with effective rainwater harvesting can also drive the market growth. Fluctuating costs of raw materials including PVC, HDPE, and metals can hamper the market growth. Furthermore, stringent quality and process regulations can increase the production costs. However, emerging requirements of pipes with anti-corrosion and high-temperature resistance properties are expected to create growth opportunities for manufacturers. Ongoing R&D towards development of innovative technologies and materials could also help offset threats from substitutes and intensifying competitive landscape.
Key Features of the Study:
Detailed Segmentation-
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