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. It is expected to reach a valuation of US$9200 Mn by 2026 Rise in demand for drinking water distribution pipes is driving the global market. In terms of value, the market in Asia Pacific is estimated to expand at a CAGR of more than 9.0% during the forecast period. Ductile iron pipes are designed to withstand severe operating conditions as well as environmental impacts.
The average lifespan of a ductile iron pipe exceeds more than 100 years. Pipe dimensions are standardized, by the organizations such as American Water Works Association (AWWA) in U.S., ISO 531 / EN 545/598 in Europe, and AS/NZS 2280 (metric) in Australia. Thus, different regions adhere to different standards based on climatic conditions and applications.
The global ductile iron pipes market is anticipated to expand at a significant pace during the forecast period primarily due to the rising demand for these pipes in developing countries. The ductile iron pipes market was valued at about US$ 4,600 Mn in 2017 and is expected to expand at a CAGR of 8.0% during the forecast period. Increase in urbanization and commercialization is boosting the demand for ductile iron pipes. Demand for ductile iron pipes in sewage water application has increased owing to the rise in migration of the population toward urban centers. Governments across the world are taking steps for water sanitation. Ductile iron pipes are usually used for the discharge of wastewater and water supply management. Strong support and investment by governments in wastewater management is a major factor driving the demand for ductile iron pipes.
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Drinking Water Distribution Segment to Dominate Global Market
Based on application, the global ductile iron pipes market has been divided into drinking water distribution, wastewater, irrigation, mining, and others (including pump stations and process and treatment works). Ductile iron pipes are mostly used for water distribution. These pipes are primarily employed in wastewater treatment facilities, pump stations, and sewage outfall lines. These pipes are used for effluent discharge of wastewater. Irrigation is a key challenge facing water resources. Approximately 70% of water is consumed for agricultural usage. Thus, irrigation is also a prominent application of the ductile iron pipes market. China, India, and South Africa primarily focus on agriculture. Therefore, the usage of ductile iron pipes is high in these countries for irrigation purposes.
Broad Customer Base in Developing Countries to Present Growth Opportunities
Based on region, the global ductile iron pipes market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America and Europe are key regions of the global market. In terms of consumption, Asia Pacific holds major share of the global ductile iron pipes market. The ductile iron pipes market in India and China is anticipated to expand at a rapid pace during the forecast period, due to the rise in demand for water supply and irrigation in these countries. China is a major consumer of ductile iron pipes in Asia Pacific. Middle East & Africa and Latin America are emerging regions of the global ductile iron pipes market.
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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