Ductile Iron Pipes Market Research Report, by Diameter (DN 80-300, DN 350-600, DN 700-1000, DN 1200-2000, and DN2000 & above), Application (Water & Wastewater and Irrigation), and Region (North America, Europe, APAC, and RoW) — Global Forecast till 2023
In 2017, the global ductile iron pipes market was valued at around USD 5 billion and was expected to witness a CAGR of around 6.5% during the forecast period.
Market Synopsis: Global Ductile Iron Pipes Market
The unparalleled growth of the end-use industries has resulted in the substantial growth of the ductile iron pipes market. Ductile iron, a type of cast iron and are used extensively for the construction of pipelines for physically transporting water and wastewater for irrigation, drinking, and other purposes. There are various benefits associated with these pipes, which makes them fit to be used in various end-use industries, owing to their durability, efficiency, and reliability. They resist damage during shipping, handling, and installation. Additionally, when compared to its PVC counterparts, these pipes are not affected by extreme temperature changes. This makes ductile iron pipes a preferred option for various end-use industries.
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Global Ductile Iron Pipes Market: Regional Analysis
The global ductile iron pipes market has been segmented on the basis of region into– North America, Europe, Asia-Pacific, and the rest of the world (RoW). In 2017, North America accounted for the largest share in the overall market and will continue to dominate the market till 2023. The US held the largest market share in the ductile iron pipes market in North America.
Asia-Pacific holds a sizeable share in the market and is expected to register maximum growth rate during the forecast period. The region has witnessed an increased demand for clean water for drinking as well as irrigation and industrial purposes. This is expected to fuel the demand for ductile iron pipes in Asia-Pacific during the forecast period.
Global Ductile Iron Pipes Market: Segmentation
The global ductile iron pipes market has been segmented based on diameter and application. On the basis of diameter, the market has been classified into DN 80-300, DN 350-600, DN 700-1000, DN 1200-2000, and DN2000 & above. The application segment is further sub-segmented into irrigation and water & wastewater.
On the basis of diameter, the market has been segmented into DN 80-300, DN 350-600, DN 700-1000, DN 1200-2000, and DN2000 & above. The DN 700 – DN 1000 segment is expected to dominate the global ductile iron pipe market during the forecast period. These are used widely for water & wastewater applications. DN 350-600 pipes are also used in a large scale for water supply and irrigation purposes. Their extended life and durability make them a perfect fit for water infrastructure. These pipes are also actively used in mining applications.
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On the basis of application, the segment is divided into– irrigation and water and wastewater. The water and wastewater segment is expected to show maximum growth during the forecast period. The proliferating population and economic growth are factors that are expected to increase the demand for water. This opportunity has been met with various beneficial government and non-government initiatives in terms of policies and regulations. The focus of the government bodies is to increase in the investment in water-related infrastructure and services that cater to future demand.
Some of the key players in the global ductile pipes market are U.S. Pipe (US), AMERICAN Cast Iron Pipe Company (US), Saint-Gobain PAM, Jindal SAW Ltd (India), Tata Metaliks (India), McWane, Inc. (US), Kubota Corporation (Japan), Duktus (Wetzlar) GmbH & Co. KG (Germany), Electrosteel Steels Ltd. (India), and Xinxing Ductile Iron Pipes (China).
The global ductile iron pipes market is highly competitive with many players, across the globe. These players have adopted various strategies to expand their global presence and increase their market shares. Some of the key strategies adopted by the key players are new product developments in terms of advanced material, mergers and acquisitions, and the formation of strategic partnerships and collaborations.
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