[Update Available] Ductile Iron Pipes Market to Reach $19.2 Billion by 2031

As per the Allied Market Research report, the global ductile iron pipes market recorded a revenue of $11.4 billion in 2021 and is anticipated to achieve $19.2 billion by 2031, with a Compound Annual Growth Rate (CAGR) of 5.3% from 2022 to 2031. The comprehensive analysis includes winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers and opportunities, competitive landscape, and regional outlook. The report is a valuable resource for newcomers, stakeholders, leaders, and investors to formulate strategic plans for the future and enhance their market position.

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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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