Ductile Iron Pipes Market to Benefit from Sharp Increase in Irrigation Applications

Pune, India, July 2023, MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global Ductile Iron Pipes Market.

Ductile Iron Pipes Market Highlights

In contrast to cast iron, ductile iron pipes have carbon molecules arranged differently, despite being created from the same type of basic materials. The term "ductile" refers to their increased ability to bend without breaking. Potable water delivery and wastewater collection frequently include the use of ductile iron pipes.

The great ductility, impact resistance, and capacity to withstand the high pressure of ductile iron pipes make them superior to regular cast iron pipes in a number of ways. Ductile iron pipes are suitable for shallow subterranean applications with loose soil because of these benefits. Additionally, because of their ductility, they are frequently employed in countries with strong seismic activity, including Turkey, Japan, Indonesia, and Fiji. 

Considering the abovementioned factors, Market Research Future expects the ductile iron pipes market to take a huge leap from USD 11.60 Billion in 2023 to a whopping USD 16.93 billion by 2030, capturing a CAGR of 6.50% between 2023 and 2030. The novel coronavirus spread quickly across many nations and regions, having a significant negative effect on both individual lives and the community as a whole. Due to the shutdown caused by the COVID-19 epidemic, a lot of ductile iron pipe manufacturers had to stop producing. The COVID-19 pandemic's intensity has been greatly diminished, nevertheless, as a result of the introduction of numerous vaccines. Midway through 2022, there were much fewer COVID-19 cases. Due to this, businesses that manufacture ductile iron pipes have fully resumed operations and are operating at full capacity. In addition, more than two years have passed since the start of this pandemic, and some businesses have already displayed considerable indications of recovery.

Despite COVID-19's adverse effects, the food and beverage, chemical, and other related businesses did well. There will likely be an increase in demand for ductile iron pipes because these sectors need water for many different applications throughout their production processes. The expansion of manufacturing businesses is being aided by the general rise in population and disposable income.

In addition, the mushrooming population worldwide is enhancing the demand for energy, which in turn elevates the need for power generation, which also requires a lot of water. Additionally, many cities are reaching their water infrastructure's capacity limits due to the growing world population. As a result, several nations are investing heavily in upgrading their water infrastructure, which raises the need for ductile iron pipes. Additionally, the agriculture industry is expanding as a result of the growing population. As a result, it is anticipated that the widespread usage of ductile iron pipes for water delivery in irrigation projects will favourably impact the market's expansion.

Segmental Analysis 

The Ductile Iron Pipes market is divided into five categories, with respect to diameter: D.N. 80-300, DN 350-600, DN 700-1000, DN 1200-2000, and DN2000 & above.  

 Water & Wastewater and Irrigation are two segments, depending on the application of ductile iron pipes.

Detailed Regional Analysis 

The Asia Pacific market reached a massive valuation of $5 billion in 2022 and will see significant growth over the research period. The current focus is on infrastructure development and smart city projects, which is resulting in a huge demand for ductile iron pipes. Market expansion is also supported by the region's improving economic situation. The need for ductile iron pipes is also driven higher by the rapid industrial and urban expansion.

Due to the widespread awareness of clean water and the large demand from the irrigation and water & wastewater sectors, North America ranks second in terms of market share. The market share for ductile iron pipes is influenced by the early adoption of numerous innovative waste management techniques as well as the significant presence of well-known industry players with wide product ranges.

Competitive Analysis

Affluent players are investing a lot of funds into significant R&D in an effort to broaden their product offerings. This will undoubtedly accelerate market expansion. The most prominent companies employ measures like product launches, partnerships, acquisitions, and agreements to consolidate their market positions. The local production of goods to cut down on operating expenses is one of the primary tactics used by manufacturers to serve customers while enhancing the business.

Some of the most reputed companies are U.S. Pipe (U.S.), AMERICAN Cast Iron Pipe Company (U.S.), Saint-Gobain PAM, Jindal SAW Ltd (India) and more.Read More Article Details - Ductile Iron Pipes Market