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The Global Ductile Iron Pipes Market Size was valued at $11.4 billion in 2021, and is projected to reach $19.2 billion by 2031, growing at a CAGR of 5.3% from 2022 to 2031. Ductile iron pipe is made from the same types of raw materials as ordinary cast iron pipe; however, ductile iron pipes have carbon molecules in different configurations than cast iron. This makes them more bendable without breaking, hence they are called ductile. Ductile iron pipes are widely used for the distribution of potable water and the collection of wastewater.
Ductile iron pipes have various advantages over ordinary cast iron pipes. These advantages include high ductility, impact resistance, and ability to bear high pressure. Owing to such advantages, ductile iron pipes can be used in shallow undergrounds with loose soil. Moreover, owing to their ductility, they are widely used in places that experience high seismic activities, such as Japan, Indonesia, Fiji, and Turkey. Such advantages of ductile iron pipes drive their demand.
Furthermore, rise in population and disposable income of people in general, are fostering the growth of manufacturing industries. In addition to this, despite the negative impact of COVID-19, the food and beverage, chemical, and other similar industries performed well. These industries require water for a variety of applications in their manufacturing processes; thus, increased demand for ductile iron pipes is expected. Moreover, surge in population is driving demand for electricity, which drives demand in power generation sector, which also uses water in large volumes.
Furthermore, owing to the increase in global population, the demand on the existing water infrastructure is exceeding its limits in many cities. Therefore, countries across the world are investing significantly in improving their waster infrastructure; thereby, increasing demand for ductile iron pipe. Moreover, increase in population is driving growth in agriculture sector. Thus, the extensive use of ductile iron pipes for water supply in irrigation projects, is expected to positively influence the ductile iron pipes market growth.
Major players in the industry have focused on product launches and business expansion to sustain harsh competition in the ductile iron pipes market. For instance, in December 2021, Aliaxis SA, an innovative pipe solutions provider, expanded its footprint in India by opening a new plant in Durgapur, in North Eastern India. This move will enable the company to better serve the customers in north-eastern part of India.
The novel coronavirus had rapidly spread across various countries and regions, causing an enormous impact on the lives of people and the overall community. It began as a human health condition and later became a significant threat to global trade, economy, and finance. The COVID-19 pandemic halted the production of many ductile iron pipe providers due to lockdown. However, owing to the introduction of various vaccines, the severity of COVID-19 pandemic has significantly reduced. As of mid-2022, the number of COVID-19 cases has significantly decreased. This has led to the full-fledged reopening of ductile iron pipe manufacturing companies at their full-scale capacities. Furthermore, it has been more than two years since the outbreak of this pandemic, and many companies have already shown notable signs of recovery.
Furthermore, industrial sector in developing countries is witnessing significant growth, owing to many favorable policies introduced by the governments of their respective countries. This is expected to provide lucrative growth opportunities for ductile iron pipes industry.
The global ductile iron pipes market is segmented on the basis of diameter, joint type, application, and region. By diameter, the market is categorized into DN up to 300, DN 300 to 700, DN 700 to 1000, DN 1000 to 1200, and DN 1200 and above. On the basis of joint type, it is categorized into socket & spigot, flanged, and others. And on the basis of application, the market is segmented into water & wastewater, industrial, and irrigation. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific dominated the market in 2021, accounting for the highest share in revenue, and LAMEA is anticipated to grow with the highest CAGR during the forecast period, attributed to rise in number of water treatment projects.
The ductile iron pipes market is segmented into Diameter, Joint Type and Application. By diameter, the market is categorized into DN up to 300, DN 300 to 700, DN 700 to 1000, DN 1000 to 1200, and DN 1200 and above. On the basis of joint type, it is categorized into socket & spigot, flanged, and others. And on the basis of application, the market is segmented into water & wastewater, industrial, and irrigation. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific held the largest ductile iron pipes market share in 2021, and LAMEA is anticipated to grow with the highest CAGR during the forecast period. This is attributed to its high growth potential.
Key companies profiled in the ductile iron pipes market forecast report include Aliaxis SA, American Cast Iron Pipe Company, China National Building Material Group Co., Ltd. (CNBM), Electrotherm India Limited, European Pipeline Engineering (Southern) Ltd., 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.
Xiamen Landee Industries Co., Ltd., Electrotherm India Limited, Rivitswade Ltd., China National Building Material Group Co., Ltd. (CNBM), Kubota Corporation, Kurimoto Ltd., McWane International, Aliaxis SA, Jindal SAW Ltd., Vonroll Hydro (Suisse) Ag., Tata Metaliks, Supra Group, European Pipeline Engineering (Southern) Ltd., Saint Gobain PAM Canalisation, U.S. Pipe, Rashmi Group, American Cast Iron Pipe Company
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.
Expansion of water distribution networks in developing countries is a major trend influencing the Ductile Iron Pipes Market.
Ductile iron pipes are extensively used in water distribution and wastewater collection networks.
Asia-Pacific is the largest regional market for Ductile Iron Pipes Market.
$11,347.7 Million is the estimated industry size of Ductile Iron Pipes Market.
Aliaxis SA, American Cast Iron Pipe Company, China National Building Material Group Co., Ltd. (CNBM) and Electrotherm India Limited are some of the top companies to hold the market share in Ductile Iron Pipes Market
The company profile has been selected on factors such as geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
Latest version of global Ductile Iron Pipes Market report can be obtained on demand from the website.
The Ductile Iron Pipes Market is projected to reach $19,198.0 million by 2031.
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ductile iron fittings Global Opportunity Analysis and Industry Forecast, 2021-2031