According to a new report ‘Ductile Iron Pipes – Global Industry
Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026 published
by Transparency Market Research (TMR), the global ductile iron pipes market was valued at around US$
4,620 Mn in 2017 and is anticipated to expand at a CAGR of more than 8.0% from
2018 to 2026. Rise in demand for drinking water distribution pipes is driving
the global market. In terms of value, the market in Asia Pacific is estimated
to expand at a CAGR of more than 9.0% during the forecast period. Ductile iron
pipes are designed to withstand severe operating conditions as well as
environmental impacts.
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DN 700 - DN 1000 Segment to Dominate Global Ductile
Iron Pipes Market
Increase in usage of ductile iron pipes in water distribution and
irrigation is expected to propel the ductile iron pipes market during the
forecast period. Ductile iron pipes are preferred over the traditional steel or
plastic pipes. DN 700 - DN 1000 pipes are widely used to distribute drinking
water from dams to urban areas. Inner coatings are essential for these pipes,
as they are highly susceptible to corrosion. These pipes are also employed in
mining applications and sewage water discharge pipes. DN 350 - DN 600 pipes are
also largely used for drinking water supply and irrigation water supply.
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ANALYSIS –
Drinking Water Distribution Segment to Dominate
Global
Ductile iron pipes are primarily used for drinking water distribution.
These pipes are used to distribute water to industries, commercial buildings,
residential buildings, and also for irrigation purposes. Ductile iron pipes are
preferred for drinking water distribution due to their long life (more than 100
years), lower failure rates than steel and plastic pipes, and excellent
corrosion resistance. Ductile iron pipes are reliable, durable, and
cost-effective materials to transport potable water, industrial water, and
household wastewater.
Wide Customer Base in Developing Countries to
Present Growth Opportunities
Based on region, the global ductile iron pipes market has been divided
into North America, Europe, Asia Pacific, Latin America, and Middle East &
Africa. North America and Europe hold major share of the global ductile iron
pipes market, as most pipelines in these regions are well established, but old.
Therefore, these pipelines are being replaced in North America and Europe.
North America constitutes significant share of the global market. Rise in use
of ductile iron pipes by sanitary hygiene and water supply organizations in
developing economies such as China, Japan, and India is projected to boost the
market in Asia Pacific during the forecast period. The ductile iron pipes
market in Middle East & Africa is estimated to expand at a rapid pace
during the forecast period, led by the various drinking water supply schemes
initiated by countries in the Middle East. The ductile iron pipes market in
Latin America is expected to expand at a moderate pace in the near future.
Key players operating in the global ductile iron pipes market are
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, and Xiamen Landee Industries Co., Ltd. Major
players engage in acquisitions and joint ventures to enhance their market
position.
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Chemicals and
Materials Sector
In coming years, as the debate on the potential impact
of the chemical manufacturing across industries on the ecology gets fiercer,
new monitoring technologies will emerge. Latest compliance regulations will
expand the scope of green chemistries for businesses in the downstream value
chain. Further, manufacturers in the market will increasingly leverage digital
channels to reach high-value customers. Many will use them to avoid disruption
such as by pandemics.
