Market Introduction
The North America corrugated pipe market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. Plastic corrugated pipes are ideal for electrical conduit and cable ducting, found within building walls and underneath roads and walkways. Corrugated electrical and cable ducting protect infrastructure from the damage caused by electricity, telecommunications, lighting, and other utilities. The pipes made from polyethylene, polypropylene, and polyvinyl chloride are used in these applications. Corrugated pipes are produced in continuous length which minimizes the number of required joints; it also makes them flexible as well as easier to transport, which allows the installers to easily lay the pipes around obstacles. Smooth inner layer minimizes the friction, and the outer corrugated layer provides strength while minimizing the weight. Corrugated steel pipes are used in the construction industry due to their ability to withstand the stress exerted by heavy traffic and unstable foundations. Corrugated polyethylene pipes are being used at agricultural sites for field drainage and soil moisture control, and in stock ponds. These pipes are also deployed for providing grain aeration at agricultural sites. Thus, the suitability of corrugated pipes made from different materials in a wide range of applications is bolstering their demand, thus drive the market growth.
In North America, the US 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.
Market Overview and Dynamics
The corrugated pipe market in North America is expected to grow from US$ 1,821.42 million in 2021 to US$ 2,740.07 million by 2028; it is estimated to grow at a CAGR of 6.0% from 2021 to 2028. As per the Associated General Contractors of America (AGC), construction is a significant contributor to the US economy. The industry has over 733,000 employers with more than 7 million employees and creates approximately $1.4 trillion worth of structures each year. Thus, the high strength and durability of corrugated pipe, growth of the building & construction industry, and rising usage of corrugated pipes for flood control, retention/ detention systems, and sewer systems are the key factors anticipated to drive the market growth during the forecast period. Further, many domestic and international companies have a strong foothold in North American region. Some of the key players operating in the North America corrugated pipe market are Contech Engineered Solutions Advanced Drainage Systems, Bina Plastic Industries Sdn. Bhd., and others. The manufacturers in the region are investing high amounts in the research and development, technological development of corrugated pipe which is expected to boost the market for corrugated pipe in the near future. For instance, in 2020, Contech Engineered Solutions announced the latest version of its industry-leading Design Your Own Detention System tool. An online program for designing stormwater detention and infiltration systems constructed with Contech corrugated metal pipe (CMP).
Key Market Segments
Based on type, the double wall corrugated segment accounted for the largest share of the North America corrugated pipe market in 2020. Based on product, the plastic corrugated pipe segment accounted for the largest share of the North America corrugated pipe market in 2020. Based on application, the drainage and sewage lines segment accounted for the largest share of the North America corrugated pipe market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the North America corrugated pipe market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include Advanced Drainage Systems; Jain Irrigation Systems Ltd.; Fränkische Industrial Pipes Gmbh and Co. KG; Contech Engineered Solutions LLC; JM Eagle Inc.; Pacific Corrugated Company LLC; Pars Ethylene Kish Co. and TDR Inc.
Reasons to buy report
North America Corrugated Pipe Market Segmentation
North America Corrugated Pipe Market -By Type
North America Corrugated Pipe Market -By Product
North America Corrugated Pipe Market – By Application
North America Corrugated Pipe Market – By Country
North America Corrugated Pipe Market – Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1,821.42 Million |
| Market Size by 2028 | US$ 2,740.07 Million |
| CAGR (2021 - 2028) | 6.0% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Corrugated Pipe Market is valued at US$ 1,821.42 Million in 2021, it is projected to reach US$ 2,740.07 Million by 2028.
As per our report North America Corrugated Pipe Market, the market size is valued at US$ 1,821.42 Million in 2021, projecting it to reach US$ 2,740.07 Million by 2028. This translates to a CAGR of approximately 6.0% during the forecast period.
The North America Corrugated Pipe Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Corrugated Pipe Market report:
The North America Corrugated Pipe Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Corrugated Pipe Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Corrugated Pipe Market value chain can benefit from the information contained in a comprehensive market report.
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