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Ductile Iron Pipes Market Size to Hit US$9.5 billion by 2027 | Exhibit a CAGR of 7.1% (2022-2027)

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Ductile Iron Pipes Market Size to Hit US$9.5 billion by 2027 | Exhibit a CAGR of 7.1% (2022-2027)

September 13
06:17 2022
Ductile Iron Pipes Market Size to Hit US$9.5 billion by 2027 | Exhibit a CAGR of 7.1% (2022-2027)
Market Research Reports, Business Consulting Services & Analytics
Factors like growing investments to improve water infrastructure, high consumption of potable water and growing desalination plant projects are driving the growth of global ductile iron pipes market.

IndustryARC, in one of its latest reports, predicted that the ductile iron pipes market size is estimated to reach US$9.5 billion by 2027, after growing at a CAGR of 7.1% from 2022-2027. Ductile iron pipe is a pipe made from casting iron and is commonly used for potable water transmission, irrigation, ash-slurry handling & disposable system and sewage treatment plants. The inner lining of pipe is coated with cement mortar or polyurethane to prevent it from corrosion. Factors like growing investments to improve water infrastructure, high consumption of potable water and growing desalination plant projects are driving the growth of global ductile iron pipes market. However, availability of substitutes like PVC pipes can lead to less usage of ductile iron pipes, which can hamper the growth of global ductile iron pipes industry. The ductile iron pipes market report by IndustryARC covers complete analysis of the market, its major segments, growth factors, trends, drivers and challengers, key players and more.

 

Competitive Landscape :

The top 5 players in the Ductile Iron Pipes industry are –

1. Jindal SAW Ltd.

2. TATA Metaliks

3. McWane Inc.

4. Construtec Duktil

5. American Cast Iron Pipe Company

 

Interested in knowing more relevant information? Click here:

https://www.industryarc.com/pdfdownload.php?id=510576

 

Segmental Analysis :

1. DN 300-700 held a significant share in global Ductile Iron Pipes Market in 2021, with a share of over 27%. These pipes have high alumina cement mortar lining which enables them to withstand operating conditions that are highly acidic. Hence, such pipes are used for potable water distribution, waste water and sewage treatment plant.

2. Open-Cut method held a significant share in global ductile iron pipes market in 2021, with a share of over 35%. This method compared to other methods is less expensive and the damages incurred on pipes can be easily repaired. Hence such method is widely used in sewage treatment plant for installation of sewer lines.

3. According to National Bureau of Statistics of China, in 2020, China installed 39000 new wastewater treatment facilities and has invested US$81.6 billion in its municipal wastewater system, new treatment facilities, rainwater-sewage diversion systems, sludge mitigation showing a massive increase in investment in water treatment in past five years.

 

Get more detailed information about these segments in the report. Buy it here:

https://www.industryarc.com/reports/request-quote?id=510576

 

Market Drivers and Challenges:

1. Various investments are being made in water projects in order to improve rural infrastructure, to make water accessibility easy to rural areas, and to improve wastewater treatment. Such increase in investments will lead to more usage of ductile iron pipes for distributing portable water and in sewage treatment plants. This will boost growth of global ductile iron pipes industry.

2. Desalination plants are the plants where salt water is converted into water that is fit to drink. Such plants have high strength in gulf countries like Saudi Arabia, Abu Dhabi, Oman and Qatar. The growing consumption of potable water has led to more establishments of desalination plants in gulf countries.

3. Certain substitutes such as PVC pipes holds a significant improvement over ductile iron pipes as they have greater wall thickness which provides them good hydraulic capacity. Moreover, PVC pipes are corrosion resistance, environment friendly, easy to transport & install, have low maintenance and can be used in high pressure pumping lines in water supply. Hence, due to having such advantages over ductile iron pipes, PVC pipes are being preferred more for water infrastructure project. This can hamper the growth of global ductile iron pipes industry.

 

Why IndustryARC?

IndustryARC is one of the leading market research and consulting firms in the world. It produces over 500 unique market reports annually. Get detailed report on preferred market as per your specific requirements and our research experts would customize the report for you.

Email: [email protected]

USA: (+1) 614-588-8538,  (+1) 815-656-4596

 

Similar Reports :

A. Flexible Pipe Market

https://www.industryarc.com/Report/15068/flexible-pipe-market.html

B. Drill Pipe Market

https://www.industryarc.com/Report/15065/drill-pipe-market.html

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Website: https://www.industryarc.com/Research/Global-Ductile-Iron-Pipes-Market-Research-510576