Ductile Iron Pipes Market
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<strong>Ductile</strong> <strong>Iron</strong> <strong>Pipes</strong> <strong>Market</strong> to Reach US$ 9,200 Mn by 2026 |<br />
CAGR of 8%<br />
According to a new report ‘<strong>Ductile</strong> <strong>Iron</strong> <strong>Pipes</strong> – Global Industry Analysis, Size, Share, Growth,<br />
Trends, and Forecast, 2018–2026 published by Transparency <strong>Market</strong> Research (TMR), the global<br />
ductile iron pipes market was valued at around US$ 4,620 Mn in 2017 and is anticipated to expand<br />
at a CAGR of more than 8.0% from 2018 to 2026. Rise in demand for drinking water distribution<br />
pipes is driving the global market. In terms of value, the market in Asia Pacific is estimated to<br />
expand at a CAGR of more than 9.0% during the forecast period. <strong>Ductile</strong> iron pipes are designed to<br />
withstand severe operating conditions as well as environmental impacts.<br />
Read Report Overview @<br />
https://www.transparencymarketresearch.com/ductile-iron-pipe-market.html<br />
DN 700 - DN 1000 Segment to Dominate Global <strong>Ductile</strong> <strong>Iron</strong> <strong>Pipes</strong> <strong>Market</strong><br />
Increase in usage of ductile iron pipes in water distribution and irrigation is expected to propel the<br />
ductile iron pipes market during the forecast period. <strong>Ductile</strong> iron pipes are preferred over the<br />
traditional steel or plastic pipes. DN 700 - DN 1000 pipes are widely used to distribute drinking<br />
water from dams to urban areas. Inner coatings are essential for these pipes, as they are highly<br />
susceptible to corrosion. These pipes are also employed in mining applications and sewage water<br />
discharge pipes. DN 350 - DN 600 pipes are also largely used for drinking water supply and<br />
irrigation water supply.<br />
Drinking Water Distribution Segment to Dominate Global <strong>Ductile</strong> <strong>Iron</strong> <strong>Pipes</strong> <strong>Market</strong><br />
<strong>Ductile</strong> iron pipes are primarily used for drinking water distribution. These pipes are used to<br />
distribute water to industries, commercial buildings, residential buildings, and also for irrigation<br />
purposes. <strong>Ductile</strong> iron pipes are preferred for drinking water distribution due to their long life (more<br />
than 100 years), lower failure rates than steel and plastic pipes, and excellent corrosion resistance.<br />
<strong>Ductile</strong> iron pipes are reliable, durable, and cost-effective materials to transport potable water,<br />
industrial water, and household wastewater.<br />
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,<br />
Asia Pacific, Latin America, and Middle East & Africa. North America and Europe hold major<br />
share of the global ductile iron pipes market, as most pipelines in these regions are well established,<br />
but old. Therefore, these pipelines are being replaced in North America and Europe. North America<br />
constitutes significant share of the global market. Rise in use of ductile iron pipes by sanitary<br />
hygiene and water supply organizations in developing economies such as China, Japan, and India is<br />
projected to boost the market in Asia Pacific during the forecast period. The ductile iron pipes<br />
market in Middle East & Africa is estimated to expand at a rapid pace during the forecast period,<br />
led by the various drinking water supply schemes initiated by countries in the Middle East. The<br />
ductile iron pipes market in Latin America is expected to expand at a moderate pace in the near<br />
future.<br />
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Key players operating in the global ductile iron pipes market are Saint-Gobain PAM, Jindal SAW<br />
Ltd, Tata Metaliks, U.S. Pipe, AMERICAN Cast <strong>Iron</strong> Pipe Company, Duktus (Wetzlar) GmbH &<br />
Co. KG, Electrosteel Steels Ltd., McWane, Inc., Kubota Corporation, and Xiamen Landee<br />
Industries Co., Ltd. Major players engage in acquisitions and joint ventures to enhance their market<br />
position.