Ductile Iron Pipes Market Size to Surpass USD 13.6 billion by 2031

The global ductile iron pipes market was estimated at a value of US$ 8.3 billion in 2022. It is anticipated to register a 6.4% CAGR from 2023 to 2031 and by 2031, the market is likely to attain US$ 13.6 billion by 2031.

The typical lifespan of ductile iron pipe is said to be more than 100 years. Pipe diameters are standardized by groups like the American Water Works Association (AWWA) in the United States, ISO 531/EN 545/598 in Europe, and AS/NZS 2280 (metric) in Australia. Different locations adhere to varying criteria based on their purposes and climate.

Demand for ductile iron pipes is expected to grow steadily over the forecast period, mostly because emerging nations will require more of these pipes. In nations like China and India, the ductile iron pipe industry is seeing growth in revenue due to urbanization and commercialization.

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Key Findings of Market Report

The use of materials including zinc, epoxy, zinc-aluminum, PE, PU, ceramic, and electro steel has enabled vendors to reach higher levels of protection thanks to advancements in ductile iron pipe coating technology.

The increasing number of people migrating to urban areas globally has increased the market prospects for ductile iron pipes in applications connected to sewage water.

The focus of governments across the globe on enhancing water sanitation capacities is a major factor propelling the market's expansion.

It is expected that this tendency would continue for the duration of the prediction

Market Trends for Ductile Iron Pipes

According to the market segmentation of ductile iron pipes, water distribution is the most common application for these pipes. Pump stations, sewage outfall lines, and wastewater treatment facilities are major applications for ductile iron pipes.

Wastewater effluents are dumped through these pipelines. A significant problem affecting water resources is irrigation. The agricultural sector uses over 70% of the water. For irrigation purposes, ductile iron pipes are therefore widely utilized. In South Africa, India, and China, agriculture is the main focus. In these nations, ductile iron pipes are frequently employed for irrigation.

Water supply channels made of ductile iron are widely used. A number of nations worldwide are presently coping with a water-related problem that is having a negative impact on households and communities.

Underground water pipes are essential to the continuous supply of water needed for drinking and commercial use in many developed economies. The market for ductile iron pipes is projected to rise as a result of rising costs associated with sophisticated, contemporary plumbing for industrial applications and wastewater treatment systems

Few of key developments by the players in this market are:

Global Ductile Iron Pipes Market Segmentation

Diameter

DN 80 - DN 300, DN 350 - DN 600, DN 700 - DN 1000, DN 1200 - DN 2000, DN 2200 & Above

Application

Drinking Water Distribution, Wastewater, Irrigation, Mining, Others (including Pump Stations and Process and Treatment Works)

Region

North America, Latin America, Asia Pacific, Europe, Middle East & Africa

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This release was published on openPR.