The scope of our recent study on the “Corrugated Pipe Market to 2028 – COVID-19 Impact and Global Analysis – by Type (Single Wall Corrugated and Double Wall Corrugated), Product (Metal Corrugated Pipe and Plastic Corrugated Pipe), and Application (Power Cable Conduit and Telecom Cable Duct, Drainage and Sewerage Lines, and Building and Construction) includes the factors fueling the market growth, revenue estimation and forecast, and market share analysis, along with the identification of significant market players and their key developments.
The corrugated pipe market was valued at US$ 13,059.47 in 2020 and is projected to reach US$ 21,221.04 by 2028; it is expected to register a CAGR of 6.5% from 2021 to 2028.
A corrugated pipe has a series of ridges and grooves that run parallel to each other on its surface. The corrugated pipes are made of steel or plastics such as high-density polyethylene (HDPE) and polyvinyl chloride (PVC). Corrugated pipes are mostly used in applications such as storm drains and culverts where flexibility, durability, and strength are important attributes. The flexible property of the corrugated pipe makes it more useful and suitable for wide variety of applications as compared to rigid and non-corrugated pipes.
Based on application, the corrugated pipe market is categorized into drainage and sewerage lines, power cable conduit and telecom cable duct, and building and construction. In 2020, drainage and sewerage segment led the global corrugated pipe market. Corrugated drainage pipes are widely used in the leading European countries. As per the Food and Agriculture Organization (FAO), corrugated plastic drains are composed of PVC, high-density polyethylene (PE) and polypropylene (PP), and the choice of material depend on economic factors. In Europe, excluding the UK, corrugated drains are primarily made from PVC; in the UK, they are made from PE, as well as of PP. In Canada and the US, most drainpipes are manufactured using PE mainly due to its low cost. Corrugated pipes are extensively used in storm drains and culverts due to their high strength, flexibility, durability, and abrasion and chemical resistance. They are available in distinct sizes; small ones are available for drainage application to carry runoff from gutters, while larger ones are available for storm drains and culverts. The HDPE corrugated pipes are majorly used in gravity flow water management systems such as subsurface drainage, leachate collection, storm drainage, and sanitary sewers. HDPE is considered ideal for usage in underground structures owing to its non-brittle and lightweight properties. Besides, the HDPE-based pipes are easy to transport and install, thus lowering the overall cost of projects.
The global corrugated pipe market is segmented into five main regions—north America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America. In 2020, Asia Pacific held the largest share of the global corrugated pipe market. The growing building and construction industry along with the increasing projects related to the field of electrification and power supply is driving the growth of corrugated pipe market in Asia Pacific. The demand for corrugate pipe is expected to increase in Asia Pacific countries, especially China, Japan, and India, due to an expanded and established agricultural sector in this region. Along with this, increasing manufacturing industries, coupled with growing industrialization, offers ample opportunities for key market players in the corrugated pipe market. The presence of various domestic and international players in the region will increase the focus of manufacturers on providing innovative products, thereby leading to an increased opportunity for the corrugated pipe market to grow.
Impact of COVID-19 Pandemic on Corrugated Pipe Market
The ongoing COVID-19 pandemic has had a significant impact on the corrugated pipe market. The outbreak has distorted operational efficiency and disrupted the value chains due to the sudden shutdown of national and international boundaries, creating revenue loss and damage. The disruptions in the production as well as supply chain have had a negative impact on the corrugated pipe market. Various countries across the world had lockdown like situations due to outbreak of COVID-19, which led various businesses such as the construction and agricultural business to function in a limited way which in turn severely affected the corrugated pipe market. Along with this, the construction has also been slumping, which has affected demand for polyvinyl chloride (PVC), which is used in pipes. The US Census Bureau showed a 19% decline in housing starts (new residential construction projects) in April versus the year before along with the consumption of PVC being down by 25%. Thus, the low demand from the end use industries has had a negative impact on corrugated pipe market.
In terms of type, the global corrugated pipe market is segmented into single wall corrugated and double wall corrugated. Based on product, the global corrugated pipe market is segmented into metal corrugated pipe and plastic corrugated pipe. By application, the global corrugated pipe market is segmented into drainage and sewerage lines, power cable conduit and telecom cable duct, and building and construction. Geographically, the corrugated pipe market is segmented into North America (the US, Canada, and Mexico), Europe (Germany, France, the UK, Italy, and the Rest of Europe), Asia Pacific (China, India, Japan, South Korea, and the Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, the UAE, and Rest of Middle East & Africa), and South America (Brazil, Argentina, and the Rest of South America)
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@reportsweb.com