Asia Pacific Corrugated Pipe Market Key Players and Forecast by 2028
Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028Asia Pacific Corrugated Pipe Market Forecast to 2028 - COVID-19 Impact and Regional 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)
- Report Date : Oct 2021
- Report Code : TIPRE00025257
- Category : Manufacturing and Construction
- Status : Published
- Available Report Formats :
- No. of Pages : 110
The Asia Pacific corrugated pipe market is expected to grow from US$ 8,060.33 million in 2021 to US$ 13,026.36 million by 2028; it is estimated to grow at a CAGR of 7.1% from 2021 to 2028.
Corrugated pipes have a series of ridges and grooves on its surface, which run parallel to each other. These ridges and grooves follow a pattern—they are perpendicular to and bisect the centerline of the pipeline. The corrugated pipes are increasingly being used in sewage and drainage systems due to various operational advantages associated with them. The pipes exhibit long-lasting performance due to low abrasion of inner walls and resistance to acids and other fluids, and they also support high fluid rates. Moreover, these pipes are lightweight and strong. As a result, a low number of resources are required for their installation and they can be installed in constrained areas. These piping systems provide joint integrity, thereby exhibiting tight, leak-proof joints. The corrugated pipes are also characterized by low operational costs due to the lower transportation cost as a greater number of double-wall pipes can be loaded in a truck with less damage while storing and handling, unlike concrete pipes. Further, the requirement of lesser number of laborers in installation reduces installation costs. Corrugated pipes can be used for stormwater drainage as well as subsurface drainage. Stormwater systems demand an extensive range of pipe sizes and are mostly installed in parking and landscaped areas. Double-wall corrugated pipes are used in these drainage facilities due to their durability, sturdiness, and high performance; the high durability and sturdiness make them less prone to cracking. Thus, increased use of corrugated pipes in drainage and sewage systems is boosting the corrugated pipe market growth.
In Asia Pacific, India reported a huge number of COVID-19 cases, which led to the discontinuation of several business operations, including corrugated pipe manufacturing activities. The disruptions in production and supply chain have had a negative impact on the corrugated pipe market in the early 2021. However, the monitoring and managing of wastewater have become more important in the pandemic and the treatment of waste management including medical, household, and other hazardous waste, as an urgent and essential public service to minimize possible secondary impacts on health and the environment. With cases rising in many parts of the developing region, there has been an increased focus to take an integrated approach to waste management that focuses on recycling and reducing waste. Governments of various countries are focusing on wastewater segregation, which sees black water, gray water and water laden with toxic chemicals siphoned off into separate municipal streams. This, focus on wastewater management is positively affecting the corrugated pipe market growth.
With the new advancements and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific corrugated pipe market. Corrugated pipes are being increasingly used in water management and drainage systems as well as in cable conduits. They require high melt quality and perfect homogeneity during extrusion. FRÄNKISCHE Rohrwerke Gebr. Kirchner GmbH & Co. KG, one of the pipe manufacturers conducting business in Asia, has purchased new-generation conEX from battenfeld-cincinnati GmbH. The pipe manufacturer is using this new extruder as a replacement of an older model in its existing extrusion line. This has helped it produce corrugate pipes with required quality standards and outputs. iNOEX is providing innovative extrusion solutions that have revolutionized the measurement and taken the corrugated pipe extrusion to a new level of precision and efficiency. The new SAVEOMAT 10 provided by the company reduces the consumption of raw materials to an absolute minimum and helps the manufacturers use up to 5% less raw material quantities. Thus, various innovations associated with the production process of corrugated pipes are providing significant opportunities for the growth of the corrugated pipes market players.
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Asia Pacific Corrugated Pipe Market Segmentation
- Asia Pacific Corrugated Pipe Market – By Type
- Single Wall Corrugated
- Double Wall Corrugated
- Asia Pacific Corrugated Pipe Market – By Product
- Metal Corrugated Pipe
- Plastic Corrugated Pipe
- Asia Pacific Corrugated Pipe Market – By Application
- Drainage and Sewerage Lines
- Power Cable Conduit and Telecom Cable Ducts
- Building and Construction
- Asia Pacific Corrugated Pipe Market – By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
Asia Pacific Corrugated Pipe Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 8,060.33 Million |
| Market Size by 2028 | US$ 13,026.36 Million |
| Global CAGR (2021 - 2028) | 7.1% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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