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Corrugated Pipe Market Forecast 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)
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According to the latest market study on “Corrugated Pipe Market” Forecast 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),” the 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 grow at a CAGR of 6.5% from 2021 to 2028. The report highlights key driving factors and prominent market players along with their developments in the market. A corrugated pipe has a series of ridges and grooves that run parallel to each other on its surface. These ridges and grooves follow a pattern—they are perpendicular to and bisect the centerline of the pipeline. 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.