November 15, 2023 02:56 ET | Source: Transparency Market Research Transparency Market Research
Wilmington, Delaware, United States, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - 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. Cast Iron Flange Fittings
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
Market Trends for Ductile Iron Pipes
Few of key developments by the players in this market are:
Global Ductile Iron Pipes Market Segmentation
DN 80 - DN 300, DN 350 - DN 600, DN 700 - DN 1000, DN 1200 - DN 2000, DN 2200 & Above
Drinking Water Distribution, Wastewater, Irrigation, Mining, Others (including Pump Stations and Process and Treatment Works)
North America, Latin America, Asia Pacific, Europe, Middle East & Africa
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Global Market for Ductile Iron Pipes: Regional Outlook
Various reasons are propelling the growth of the ductile iron pipes market throughout the region. These are:
Global Ductile Iron Pipes Market: Key Players
Companies that operate on a global scale are heavily spending in research and development, mostly to create inventive and economical production techniques for ductile iron pipes. To grow their clientele, they are implementing tactics like product portfolio growth and mergers and acquisitions. Throughout the projected period, these tactics are probably going to drive the size of the ductile iron pipe market.
The following companies are well-known participants in the global ductile iron pipes market:
Saint-Gobain PAM, Jindal SAW Ltd, Tata Metaliks, U.S. Pipe, AMERICAN Cast Iron Pipe Company, Duktus (Wetzlar) GmbH & Co. KG, Electrosteel Steels Ltd., McWane, Inc., Kubota Corporation, Xiamen Landee Industries Co., Ltd.
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