January 11, 2023 02:30 ET | Source: Exactitude Consultancy Exactitude Consultancy
Luton, Bedfordshire, United Kingdom, Jan. 11, 2023 (GLOBE NEWSWIRE) -- Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Corrugated Tube Market. Double Walled Corrugated Pipe
The global Corrugated Tube market will be worth USD 5174.06 Million in 2029, up from USD 3990.51 Million in 2021, at a CAGR of 3.4% during the study period.
A corrugated tube is a pipe with a helical groove formed by cold forming a plain tube. The number of helixes starts and angle can be adjusted to optimize heat transfer and performance. Corrugated tube is a lightweight, durable, and low-cost material that can be used in a variety of construction projects. Corrugated tubing is used for a variety of applications, including fences, storage bins, and cabinets.
Corrugated tube is one of the most widely used building materials in the world. It is used in the construction of everything from sheds to shipping containers. Corrugated tube is a type of plastic that is used in the production of packaging. It is commonly used for food shipping and storage, as well as packaging materials and industrial equipment.
Corrugated Tubes are subdivided into various segments that have end use applications in several sectors, the most prominent of which are the military and healthcare sectors. Corrugated tubing is more flexible than other types of medical tubing because it has been molded into an accordion shape.
It can be used in hospitals and other healthcare facilities to make it easier to give or take fluids from patients. Medical corrugated Tubes, which are typically made of plastic (PCT) or metal (MCT), provide flexibility and durability. To provide stability and security, the outer layer is frequently made of rubber or polyethylene. These Tubes are used in medical equipment breathing systems such as oxygen masks, nebulizers, ventilators, anesthetic machines, and ventilators.
Corrugated Tube is increasingly being used in sewage and drainage systems due to a variety of operational advantages. The Tube has long-lasting performance due to minimal internal wall abrasion, resistance to acids and other fluids, and support for high fluid rates. These tubes are also strong and light. As a result, installing them requires few resources and can be done in confined spaces. These plumbing systems promote joint integrity, resulting in tight, leak-proof couplings.
Corrugated Tube also has lower operating costs because, unlike concrete Tube, a greater quantity of double-wall Tube can be stored and handled without sustaining significant damage.
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Single wall corrugated HDPE pipe is ideal for drainage projects that require flexibility, lightweight, and low cost. These pipes' cost-effective and simple-to-install solution to residential storm water drainage problems drives market revenue growth.
Single wall corrugated Tube is essential in a production unit for transporting finished goods from the processor to storage containers and raw materials from the processor to the processor.
These Tubes are preferred over concrete and metal Tubes because they are lighter, UV stabilized, have greater corrosion resistance, and are more abrasion resistant.
The market is segmented by application into power cable conduit, telecom cable duct, drainage and sewerage lines, and buildings and constructions.
The drainage and sewerage segment dominated the global corrugated pipe market. Corrugated Tube is widely used in storm drains and culverts due to its excellent strength, flexibility, durability, abrasion resistance, and chemical resistance. They are available in a variety of sizes, with smaller ones used for drainage applications to carry gutter overflow and larger ones for storm drains and culverts.
Regional Analysis – APAC hold the largest share in Corrugated Tube Market
Asia Pacific is expected to hold the largest market share for corrugated pipe throughout the forecast period. The expansion of the manufacturing industry, as well as the building and construction sector, is driving demand for corrugated pipe in this region. The sizeable and well-established agricultural sectors in countries such as China and India are driving up demand for corrugated pipe for irrigation and drainage systems. The expansion of the corrugated pipe market is also being fueled by the expansion and deeper penetration of the Asia Pacific telecom sector.
Demand for polycarbonate is expected to rise as the electronic industry expands. Other factors such as rising construction industry demand, increased awareness of polycarbonate properties such as lightweight, high durability, and others, rising demand for lightweight vehicles in the automotive industry, and the development of bio-based polymers will boost market demand for polycarbonate.
Major key players are Polieco, Fränkische Rohrwerke, Schlemmer, Kouvidis, ABB, Flexa, Dietzel Univolt, Murrplasti, Palaplast, Peštan, Gewiss SpA, Teaflex, SOLIN SA
COVID-19 has had a significant impact on corrugated tube manufacturers' operations, as well as their suppliers and distributors'. In the medium term, the drop in export shipments, project delays, and poor domestic demand for corrugated Tube compared to pre-covid-19 levels are likely to have a negative impact on and slightly stagnant demand for corrugated Tube in various sectors.
The market for pipes and tubes has changed and is expected to grow significantly following the pandemic. The ongoing epidemic has reduced all industrial activity due to broken supply networks. Corrugated Tube production has decreased in many countries as major production facilities and manufacturing units have been shut down for extended periods of time. Even after the lockdown is lifted, it will take at least a few months to restore normal output.
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