Ductile Iron Pipes Market to See Incredible Growth 2026
According
to a new report ‘Ductile Iron Pipes – Global Industry Analysis,
Size, Share, Growth, Trends, and Forecast, 2018–2026 published by
Transparency Market Research (TMR), the global ductile iron pipes
market was valued at around US$ 4,620 Mn in 2017 and is anticipated
to expand at a CAGR of more than 8.0% from 2018 to 2026. Rise in
demand for drinking water distribution pipes is driving the global
market. In terms of value, the market in Asia Pacific is estimated to
expand at a CAGR of more than 9.0% during the forecast period.
Ductile iron pipes are designed to withstand severe operating
conditions as well as environmental impacts.
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Report Overview @
DN
700 - DN 1000 Segment to Dominate Global Ductile Iron Pipes Market
Increase
in usage of ductile iron pipes in water distribution and irrigation
is expected to propel the ductile iron pipes market during the
forecast period. Ductile iron pipes are preferred over the
traditional steel or plastic pipes. DN 700 - DN 1000 pipes are widely
used to distribute drinking water from dams to urban areas. Inner
coatings are essential for these pipes, as they are highly
susceptible to corrosion. These pipes are also employed in mining
applications and sewage water discharge pipes. DN 350 - DN 600 pipes
are also largely used for drinking water supply and irrigation water
supply.
Drinking
Water Distribution Segment to Dominate Global Ductile Iron Pipes
Market
Ductile
iron pipes are primarily used for drinking water distribution. These
pipes are used to distribute water to industries, commercial
buildings, residential buildings, and also for irrigation purposes.
Ductile iron pipes are preferred for drinking water distribution due
to their long life (more than 100 years), lower failure rates than
steel and plastic pipes, and excellent corrosion resistance. Ductile
iron pipes are reliable, durable, and cost-effective materials to
transport potable water, industrial water, and household wastewater.
Wide
Customer Base in Developing Countries to Present Growth Opportunities
Based
on region, the global ductile iron pipes market has been divided into
North America, Europe, Asia Pacific, Latin America, and Middle East &
Africa. North America and Europe hold major share of the global
ductile iron pipes market, as most pipelines in these regions are
well established, but old. Therefore, these pipelines are being
replaced in North America and Europe. North America constitutes
significant share of the global market. Rise in use of ductile iron
pipes by sanitary hygiene and water supply organizations in
developing economies such as China, Japan, and India is projected to
boost the market in Asia Pacific during the forecast period. The
ductile iron pipes market in Middle East & Africa is estimated to
expand at a rapid pace during the forecast period, led by the various
drinking water supply schemes initiated by countries in the Middle
East. The ductile iron pipes market in Latin America is expected to
expand at a moderate pace in the near future.
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Key
players operating in the global ductile iron pipes market are
Saint-Gobain PAM, Jindal SAW Ltd, Tata Metaliks, U.S. Pipe, AMERICAN
Cast Iron Pipe Company, Duktus (Wetzlar) GmbH & Co. KG,
Electrosteel Steels Ltd., McWane, Inc., Kubota Corporation, and
Xiamen Landee Industries Co., Ltd. Major players engage in
acquisitions and joint ventures to enhance their market position.
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