According to a new report ‘Ductile Iron Pipes – Global IndustryAnalysis, Size, Share, Growth, Trends, and Forecast, 2018–2026 publishedby 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% from2018 to 2026. Rise in demand for drinking water distribution pipes is drivingthe global market. In terms of value, the market in Asia Pacific is estimatedto expand at a CAGR of more than 9.0% during the forecast period. Ductile ironpipes are designed to withstand severe operating conditions as well asenvironmental impacts.
DN 700 - DN 1000 Segment to Dominate Global DuctileIron Pipes Market
Increase in usage of ductile iron pipes in water distribution andirrigation is expected to propel the ductile iron pipes market during theforecast period. Ductile iron pipes are preferred over the traditional steel orplastic pipes. DN 700 - DN 1000 pipes are widely used to distribute drinkingwater from dams to urban areas. Inner coatings are essential for these pipes,as they are highly susceptible to corrosion. These pipes are also employed inmining applications and sewage water discharge pipes. DN 350 - DN 600 pipes arealso largely used for drinking water supply and irrigation water supply.
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Drinking Water Distribution Segment to DominateGlobal DuctileIron 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 arepreferred for drinking water distribution due to their long life (more than 100years), lower failure rates than steel and plastic pipes, and excellentcorrosion resistance. Ductile iron pipes are reliable, durable, andcost-effective materials to transport potable water, industrial water, andhousehold wastewater.
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Wide Customer Base in Developing Countries toPresent Growth Opportunities
Based on region, the global ductile iron pipes market has been dividedinto North America, Europe, Asia Pacific, Latin America, and Middle East &Africa. North America and Europe hold major share of the global ductile ironpipes 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 useof ductile iron pipes by sanitary hygiene and water supply organizations indeveloping economies such as China, Japan, and India is projected to boost themarket in Asia Pacific during the forecast period. The ductile iron pipesmarket in Middle East & Africa is estimated to expand at a rapid paceduring the forecast period, led by the various drinking water supply schemes initiatedby countries in the Middle East. The ductile iron pipes market in Latin Americais 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 areSaint-Gobain PAM, Jindal SAW Ltd, Tata Metaliks, U.S. Pipe, AMERICAN Cast IronPipe Company, Duktus (Wetzlar) GmbH & Co. KG, Electrosteel Steels Ltd.,McWane, Inc., Kubota Corporation, and Xiamen Landee Industries Co., Ltd. Majorplayers engage in acquisitions and joint ventures to enhance their marketposition.
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