The corrugated pipe market provides essential solutions for underground infrastructure in construction and agriculture. Corrugated pipes are cost-effective, durable, and versatile for many plumbing, drainage, and irrigation applications. Made from materials like plastic, metal, and concrete, corrugated pipes help manage stormwater runoff and enhance ecological balance.
The global corrugated pipe market is estimated to be valued at US$ 16,549.5 Mn in 2024 and is expected to exhibit a CAGR of 6.1% over the forecast period 2024 to 2031.
Key players operating in the corrugated pipe market includes Pacific Corrugated Company, Bina Plastic Industries Sdn. Bhd, Jain Irrigation Systems Ltd., Fränkische Industrial Pipes Gmbh, Dura Life India, Contech Engineered Solutions LLC, JM Eagle Inc., Pars Ethylene Kish Co., Dutron, Jindal Plast, Crown Pipes, Shree Darshan Pipes, Jagannath Industries, Kuzeyboru, and Mipa Industries. The increasing awareness about sustainable infrastructure and the need to tackle climate change is driving the demand for corrugated pipes globally.
Key Takeaways
The Corrugated Pipe Market Companies are focusing on developing eco-friendly pipes made from recyclable and renewable materials to cater to the growing preference for green building solutions.
Growing demand - The rising demand for sustainable drainage systems and awareness about water conservation is expected to boost market growth over the forecast period. Several government regulations also encourage the use of corrugated pipes in developed markets.
Global expansion - Leading manufacturers are expanding their production facilities and distribution networks globally especially in developing markets to tap the potential opportunities. Many counties in Asia Pacific and Latin America are expected to witness high demand.
Market Key Trends
One of the major gaining prominence in the Corrugated Pipe Market Trend is the shift toward developing eco-friendly pipe materials and solutions. Many key players have launched biodegradable corrugated pipes made from materials like recycled plastic and organic resins. These pipes help reduce carbon footprint. Moreover, advanced corrugated pipes with thicker walls and enhanced jointing systems are also gaining adoption globally. Their longer lifespan and improved structural properties are increasing preference among builders and contractors. Sustainable infrastructure development and stringent regulatory policies pertaining to waste management will continue to influence future demand and trends in this sector positively.
Porter's Analysis
Threat of new entrants: Low capital requirement for production facility have enabled ease of entry into the corrugated pipe market in several countries. However, established brands dominate the market due to strong distribution networks, technical expertise, and recognized product portfolio limiting threat of new entrants.
Bargaining power of buyers: Large buyers such as construction and irrigation industries have significant bargaining power over suppliers due to high purchase volumes. However, availability of several suppliers with substitutable products prevents buyers extracting high concessions.
Bargaging power of suppliers: Raw material suppliers have moderate bargaining power due to availability of substitutes. However, suppliers continue maintaining pricing power through economies of scale from specialized production processes and logistics infrastructure.
Threat of new substitutes: New material such cardboard, steel pipes pose minimal threat currently due to corrugated pipes' affordability, flexibility, good drainage properties, corrosion resistance. Substitutes require innovative product features or cost reductions to gain market share.
Competitive rivalry: Intense competition among numerous global and regional players. Competition based on product performance, innovation, pricing and partnerships with construction companies.
The Asia Pacific region accounted for the largest share in the global corrugated pipe market in terms of value in 2024, and the region is estimated to be the fastest growing during the forecast period due to strong economic growth and increasing industrial and infrastructure activities in developing countries such as India and China. North America is another major geographical region holding a significant value share in the corrugated pipe market due to high demand from the mature agriculture, wastewater management, and civil construction industries.
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Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc.
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