Ductile Iron Pipes Market Expected to Reach $19.2 Billion by 2031

According to a new report published by Allied Market Research, titled, "Ductile Iron Pipes Market," The ductile iron pipes market size was valued at $11.4 billion in 2021, and is estimated to reach $19.2 billion by 2031, growing at a CAGR of 5.3% from 2022 to 2031.

Commonly observed diameter types of ductile iron pipes are DN up to 300, DN 300 to 700, DN 700 to 1000, DN 1000 to 1200, and DN 1200 & above. Among these, DN 300 to 700 segment accounted for the largest ductile iron pipes market share in 2021, owing to its wide usage in water and wastewater industry.

Download Free Sample PDF Now (150+Pages with More Insight)-https://www.alliedmarketresearch.com/request-sample/17454

The market is analyzed with respect to different types of joints available in ductile iron pipes, which includes socket & spigot, and flanged. Among these, socket & spigot segment is expected to witness the highest CAGR, owing to its wide scale use in pipes for collecting and transporting wastewater, as well as to supply fresh water to large communities. And by application, it is based on water & wastewater, industrial, and irrigation.

Among these, water & wastewater segment registered the highest revenue in 2021. Furthermore, the market is mainly driven by increase in population that is driving demand for demand for domestic and commercial use. However, easy corrosion of ductile iron pipes and fluctuating cost of raw materials used for constructing ductile iron pipes constrain the ductile iron pipes market growth.

The ductile iron pipes market has witnessed significant growth in past few years, owing to increased investments in water infrastructure as well as in industrial sector.

Industries such as petrochemical, chemical, and food & beverages, use water for many of their processes. Thereby, growth in these industrial sectors is expected to positively influence the ductile iron pipes market. Furthermore, rise in population has increased demand for agricultural sector, which uses ductile iron pipe for irrigation purposes. In addition to this, scarcity of fresh water has positively affected the wastewater treatment industries. Thus, growth in the end-users of ductile iron pipes is accepted to propel the growth of ductile iron pipes market.

In addition, growth in industries, especially in emerging economies, is expected to provide lucrative growth opportunities for the ductile iron pipes market.

In 2021, Asia-Pacific dominated the global ductile iron pipes market in terms of revenue, followed by North America and Europe. Moreover, the market in LAMEA is expected to grow with a high CAGR, owing to its high growth potential in terms of population and industries.

Download Free Sample PDF Now (150+Pages with More Insight)-https://www.alliedmarketresearch.com/request-sample/17454

The key players in the ductile iron pipes market are launching new and advanced products to sustain the harsh competition in the market. For instance, in April 2021, Saint-Gobain PAM Canalisation launched BIOGAN, a new ductile iron pipe system for gravity sewerage. This pipe system incorporates DUCTAN and BioZinalium coatings to strengthen the pipe and increase its service life.

However, during the pandemic lockdown, various manufacturers in the ductile iron pipes market had to stop their business in countries such as China, the U.S., and India. This break directly impacted revenue of ductile iron pipe companies in the initial lockdowns. In addition, lack of manpower and raw materials constricted supply of raw materials for end-users of ductile iron pipe and negatively influenced the growth of the market. However, after two years of COVID-19 outbreak and introduction of vaccinations, the severity of the pandemic has significantly reduced, and key players in the market are recovering rapidly.

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon.

This release was published on openPR.