Global Corrugated Tube market will reach 3720 million US$ by the end of 2025
The global Corrugated Tube market is valued at 2660 million US$ in 2017 and will reach 3720 million US$ by the end of 2025, growing at a CAGR of 4.3% during 2018-2025.
Published Date: 2018/8/24
A Corrugated Tube is a tube with a series of parallel ridges and grooves on its surface. This pipe can be manufactured of steel or plastic such as high-density polyethylene (HDPE) or PVC. It can be coated or lined. Corrugated pipe is used in applications such as drains where flexibility, durability, and strength are important attributes.
There are many Corrugated Tube manufactures in the world, global Corrugated Tube production will reach about 530555 MT in 2016 from 422822 MT in 2011. The average growth is about 4.65% from 2011 to 2016. Corrugated Tube production main focus on USA and Europe, Corrugated Tube production took about 70.4%, Europe Corrugated Tube production took about 45.9% of total market in 2015, USA Corrugated Tube production took about 24.5%.
Global demand of Corrugated Tube has maintained steady growth, the growth rate is around 4.65%, and similar to production growth. Corrugated Tube major type is Single Wall Corrugated (SWC) and Double Wall Corrugated (DWC). Downstream applications field include Power cable conduit & telecom cable duct, Drainage & Sewerage Lines and Building & Construction, these industries development rapidly, this industries demand for fastener and shaped pieces are constantly increasing, indirectly stimulating the market demand of Corrugated Tube, and stimulate the development of Corrugated Tube industry.
The global Corrugated Tube market is valued at 2660 million US$ in 2017 and will reach 3720 million US$ by the end of 2025, growing at a CAGR of 4.3% during 2018-2025.
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