Pune, India, March, 2019, MRFR Press Release/- Market research future published a half-cooked research report on the global ductile iron pipes market. The Ductile Iron Pipes market is expected to grow with a CAGR of around 6.50% from 2023–2030.
The global ductile iron pipes market has witnessed a surge in growth rates in the past few years. This is attributed to its durability, cost-effectiveness, and heat & pressure resistance. These pipes are manufactured according to the most rigorous and conservative standards of the industry, which makes them highly durable. The installation of ductile pipes is very cost-effective and have a long-term cost advantage because of its properties, which, in turn, reduces the overall maintenance costs. These properties along with other advantages make such pipes a fit for critical applications in water and wastewater and irrigation purposes. Due to this, the market for ductile iron pipes has witnessed significant growth in the last few years. Similar growth is expected to be seen during the forecast period. However, these pipes are prone to both, external and internal corrosion. Additionally, various lighter alternatives of ductile iron pipes are also available in the market. These factors pose a threat to the growth of the ductile iron pipes market.
North America to see gradual growth in the global ductile iron pipes market over the forecast period.
On the basis of region, the global ductile iron pipes market has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America is expected to dominate the global market, primarily due to the increasing investments in research and development of advanced materials and the rising number of pipeline development projects for water and wastewater applications.
Asia-Pacific is expected to witness the highest growth during the forecast period. China accounted for the largest market share in 2017. The reason is credited to the increasing population and rapid urbanization, which has created a demand for clean drinking water. This has fueled the demand for ductile iron pipes in the region.
The water and wastewater segment is expected to account for the highest growth rate during the forecast period 2023–2030
On the basis of application, the water and wastewater segment is expected to witness maximum growth during the forecast period. The rising population and optimistic economic conditions are expected to increase the demand for clean water. This has been met with several initiatives, in terms of policies and regulations, by government bodies. The focus of such government bodies is improving the investments in water-related infrastructure and services to cater to future demand. Furthermore, the properties of ductile iron such as durability, efficiency, and reliability make it a preferred choice of materials used in the pipeline systems for water infrastructure.
Global Ductile Iron Pipes Market, 2016–2023 (USD Million)
Source: MRFR Analysis
Scope of the Report
This study provides an overview of the global ductile iron pipes market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific and the rest of the world (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global ductile iron pipes market by diameter, by application, and by region.
The prominent players in the global ductile iron pipes market are U.S. Pipe (US), AMERICAN Cast Iron Pipe Company (US), Saint-Gobain PAM, Jindal SAW Ltd (India), Tata Metaliks (India), McWane, Inc. (US), Kubota Corporation (Japan), Duktus (Wetzlar) GmbH & Co. KG (Germany), Electrosteel Steels Ltd. (India), and Xinxing Ductile Iron Pipes (China).
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