Press release
[Update Available] Ductile Iron Pipes Market to Reach $19.2 Billion by 2031
![[Update Available] Ductile Iron Pipes Market to Reach $19.2](https://cdn.open-pr.com/W/c/Wc21793986_g.jpg)
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Factors such as an improved standard of living, rising demand for electricity, advancements in water infrastructure, and the widespread use of ductile iron pipes in seismic-prone areas like Japan, Turkey, and Fiji are expected to propel the global ductile iron pipes market. However, the closure of manufacturing facilities and project delays or cancellations during the pandemic had a detrimental effect on the market.
Key Report Details:
Forecast Period: 2022-2031
Base Year: 2021
Market Size (2021): $11.4 billion
Market Size (2031): $19.2 billion
CAGR: 5.3%
No. of Pages: 310
Segments Covered: Diameter, joint type, application, and region.
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Drivers:
Improved standard of living
Surge in electricity demand
Opportunities:
Advancements in water infrastructure
Extensive application in seismic-prone areas
Restraints:
High cost of ductile iron pipes
Limited consumer base
COVID-19 Scenario:
The COVID-19 pandemic negatively impacted the ductile iron pipes market due to global lockdowns, leading to the closure of manufacturing facilities and delays or cancellations of water pipe installations. However, with eased lockdown restrictions in the post-pandemic era, the market is expected to recover.
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Segmentation:
The report provides detailed segmentation based on diameter, joint type, application, and region. The DN 300 to 700 diameter segment held a dominant market share in 2021 and is projected to maintain leadership. The flanged joint type and water and wastewater application segments also held significant shares, with the industrial segment expected to witness the fastest CAGR.
Regional Analysis:
The Asia-Pacific region held the majority market share in 2021, while the LAMEA region is expected to exhibit the fastest CAGR during the forecast period.
Leading Players:
Key players in the global ductile iron pipes market include Aliaxis SA, American Cast Iron Pipe Company, CNBM, Electrotherm India Limited, European Pipeline Engineering, Jindal SAW Ltd., Kubota Corporation, Kurimoto Ltd., McWane International, Rashmi Group, Rivitswade Ltd., Saint Gobain PAM Canalisation, Supra Group, Tata Metaliks, U.S. Pipe, VonRoll Hydro (Suisse) Ag., and Xiamen Landee Industries Co., Ltd. The report analyzes their strategies, recent developments, product portfolios, and business performance.
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