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Corrugated Pipe Market will grow at highest pace owing to increasing infrastructure development activities

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naufan003
Corrugated Pipe Market will grow at highest pace owing to increasing infrastructure development activities

The corrugated pipe market is used extensively for drainage, sewage disposal, and construction purposes owing to its high flexibility and robustness. Corrugated pipes help transport gases, liquids, and semi-solids over long distances. They are made from materials like HDPE, PVC, metal, and others. Corrugated pipes provide high resistance to impact, pressure, erosion, and corrosion. They are light-weight and easy to transport.

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 Takeaways Key players operating in the Corrugated Pipe Market Companies are 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, Mipa Industries. The demand for corrugated pipes is growing across industries such as agriculture, infrastructure, mining due to their lightweight and durable nature. Technological advancements are focused on producing corrosion resistant and environmentally sustainable corrugated pipes. Market Trends Growing investments in smart cities and infrastructural developments across the world are driving the demand for corrugated pipes for drainage, sewage, and construction applications. Manufacturers are developing large diameter corrugated pipes to support mega construction projects. Adoption of bio-based and recycled material for corrugated pipe production is gaining traction to reduce ecological footprint. Market Opportunities Rising needs for irrigation systems and water management infrastructure in agricultural sector presents significant opportunity for corrugated pipe providers. Rapid urbanization is necessitating robust drainage and sewerage solutions, offering scope for innovative corrugated pipes integrated with sensors for monitoring applications. Demand for pollution free and sustainable corrugated pipes from segments like oil & gas also provides major Corrugated Pipe Market Share prospects. Impact of COVID-19 on Corrugated Pipe Market Growth The COVID-19 pandemic severely impacted the corrugated pipe market in 2020. Government restrictions led to temporary closures of manufacturing facilities and disruptions in supply chains worldwide. This caused delays and postponement of infrastructure projects that utilize corrugated pipes. The lockdowns also resulted in reduced labor availability and cash flows issues for pipe manufacturers. However, the market is now recovering well in the post-COVID era. Infrastructure investments are rebounding strongly in many countries as governments focus on reviving economic growth. There is increased focus on upgrading existing drainage and sewerage systems using corrugated pipes. Projects in sectors like irrigation, transport etc that were deferred during the peak of pandemic are now restarting. Manufacturers are ramping up production capabilities to cater to the rising demand. The long term projections for the market remain positive due to the huge backlog of infrastructure projects globally and ongoing urbanization trends in developing nations. Future growth will be driven by measures to accelerate project clearances, innovative product development, expansion into new geographies and cost competitiveness. Asia Pacific Concentration of Corrugated Pipe Market The Asia Pacific region dominates the global corrugated pipe market in terms of value. Countries like India, China, Indonesia, Vietnam etc account for a major share of worldwide pipe consumption driven by massive investments in construction, agriculture and industrial sectors. Rapid urbanization, population growth, government initiatives for rural development and construction of integrated road networks have boosted pipe installation across APAC. In India, the implementation of programs such as Smart Cities Mission, AMRUT, Pradhan Mantri Awas Yojana is propelling corrugated pipe usage. Similarly, China's continued focus on transportation infrastructure like high-speed railways sustains pipe demand. Fastest Growing Region in Corrugated Pipe Market Africa is expected to be the fastest growing region in the global corrugated pipe market during the forecast period. Countries in East and West Africa such as Nigeria, Kenya, Ethiopia, Angola are prioritizing construction of water supply and sanitation networks, which offer vast opportunities for domestic and foreign pipe manufacturers. African governments are increasingly collaborating with multilateral lenders to fund irrigation and drainage projects that deploy corrugated steel pipes on a large scale. Additionally, initiatives for rural tap water connections and construction of roads/highways drive regional market expansion. Improving FDI inflows for infrastructure and robust economic growth support the rising consumption trends.

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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.

(https://www.linkedin.com/in/ravina-pandya-1a3984191)

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