Ductile Iron Pipe Market 2022 - Market Size & Forecast, Industry Trends, Manufacturers Analysis, & Opportunities 2030

Introduction: -

Ductile iron pipes are enhanced versions of cast iron pipes that are widely used for physically transporting and discharging water and wastewater for drinking, irrigation, and various other purposes. These pipes are strong, durable, efficient, and reliable and offer enhanced fracture, extreme temperature, and damage resistance during installation, handling, and shipping. These pipes have an average life span of more than 100 years and find applications in various end-use industries for several purposes. Most commonly, they are utilized for sewage and wastewater, potable water distribution, irrigation, mining, etc. The global ductile iron pipe market includes players engaged in developing and launching various ductile iron pipe and related products. The ductile iron pipe market is expected to register growth at a compounded annual growth rate (CAGR) of 5.5% during the forecast period of 2022-2030.

Growth Drivers:

Due to the rising global population, the demand for clean drinking water is upsurging at an unprecedented rate around the world. Moreover, major countries across the globe are witnessing a massive water crisis in their areas, adversely affecting communities and individual households. Also, a colossal number of water infrastructure systems across the globe require immediate replacement for their proper and efficient functioning. In view of this, governments of different regions are undertaking major steps to address the various global challenges related to water. They are investing huge funds in water infrastructure, wastewater treatment, and water sanitation. For instance, the United States Environmental Protection Agency (EPA) recently announced the availability of more than USD 95.0 Million of funds to assist the State of Michigan with its water problems. Ductile iron pipes are mainly used for the discharge of wastewater and water supply management. Thus, the rising global water stress and the increasing dependence of nations on underground pipes for water supply are expected to augment the growth of the global ductile iron pipe market during the forecast period.

Moreover, leading market players operating in the global ductile iron pipe market are looking to adopt several growth strategies to enhance their positions and increase their global footprints. Mergers & acquisitions, the establishment of new & advanced facilities, and creating awareness regarding the advantages of adopting ductile iron pipes are some of the most recent strategies adopted by these market players. This is expected to significantly add to the growth of the global ductile iron pipe market during the forecast period.

Also, the number of smart city projects is increasing at a rapid pace across the globe. The main aim of these projects is to enhance the overall surrounding of a city. Due to the rapidly growing urbanization worldwide, the need for smart living is growing. The enhancement of clean and safe drinking water access and reduction of exhaustive pollution levels are significant steps involved in the process. Thus, the rising number of smart infrastructure and smart city development projects by governments all across the globe to offer basic urban life requirements such as health & sustainable environment, affordable housing, adequate water and sanitation, and efficient wastewater management to people is expected to create ample growth opportunities for the global ductile iron pipe market during the forecast period.

Furthermore, the rising penetration of ductile iron pipes, the fast-paced expansion of the end-use industries, the growing awareness about safe and clean drinking water among people, the enhancing usage of ductile iron pipes in water distribution & irrigation, the growing industrialization across the globe, the surging emphasis on the innovation of green construction materials, and the burgeoning investments in earthquake-resistant piping across major regions worldwide are among other primary factors boosting the growth of the global ductile iron pipe market.

However, the dearth of investment and proper regulations to enhance water supply services in under-developed countries and the demand-supply gap in raw materials required for ductile iron pipe manufacturing are anticipated to hinder the growth of the global ductile iron pipe market during the forecast period of 2022-2030.

Ductile Iron Pipe Market Segmentation:

By Diameter:

·         DN 80 - DN 300

·         DN 350 - DN 600

·         DN 700 - DN 1000

·         DN 1200 - DN 2000

·         DN 2000 & Above

By Application:

·         Potable Water Distribution

·         Sewage & Wastewater

·         Irrigation

·         Mining

·         Centrifugal

·         Others

By External Protection:

·         Zn/Zn-Al + Bitumen/Epoxy

·         PE Ductile

·         PU

·         Ceramic Epoxy

·         Electrosteel

By Sales Channel:

·         Direct Sales

·         Indirect Sales

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

Ductile Iron Pipe Market: Diameter Review:

Based on diameter, the global ductile iron pipe market is segmented into DN 80 - DN 300, DN 350 - DN 600, DN 700 - DN 1000, DN 1200 - DN 2000, and DN 2000 & above. The DN 700 - DN 1000 segment acquired the largest share of the market in 2021, followed by the DN 1200 - DN 2000 segment, and is anticipated to continue to do so during the forecast period of 2022-2030. Due to their long lifespan and reliability, the high usage of these pipes in water & wastewater, mining, and potable drinking water applications is the major factor driving this segment.

Ductile Iron Pipe Market: Application Review:

Based on application, the global ductile iron pipe market is classified into potable water distribution, sewage & wastewater, irrigation, mining, centrifugal, and others. The potable water distribution segment is estimated to register the highest CAGR in the market during the forecast period.

Ductile Iron Pipe Market: Sales Channel Review:

Based on sales channel, the global ductile iron pipe market is categorized into direct sales and indirect sales. The indirect sales segment accounted for the largest share of the market in 2021. The trend is expected to continue over the forecast period of 2022-2030.

Regional Outlook:

The ductile iron pipe research report offers detailed analysis and forecasts for five major regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

The North American region commanded the largest share of the global ductile iron pipe market in 2021, followed by Europe and the Asia Pacific. The region is anticipated to remain dominant throughout the forecast period of 2022-2030. The large share of this region can be attributed to major factors including the high demand for ductile iron pipes from the water & wastewater and irrigation sector, the early adoption of various advanced waste management solutions, the proliferating awareness about clean water among people, and the presence of well-established construction industry and leading market players in the region. The U.S. and Canada stand as the leading contributors to the market in the region.

The Asia Pacific held a major share of the ductile iron pipe market in 2021. The region is slated to attain the highest growth in the market during the forecast period. The growth of the market in the region can be attributed to the enhancing government support and initiatives for the improvement of water infrastructure, the escalating demand and usage of ductile iron pipes for water supply and irrigation, the growing demand for clean water, the rising investments in sewage infrastructure, and the increasing number of production facilities for the large-scale manufacturing of ductile iron pipes in the region. Moreover, the growing urbanization & industrialization and the ever-increasing population base in the region are also aiding in the growth of the ductile iron pipe market in the Asia Pacific. India, China, Japan, and South Korea are the major contributors to the growth of the market in the region.

The report also identifies the country market outlook for ductile iron pipe, covering country-wise market size, growth rate, market share, segmentation, leading players, current trends, and opportunities.

Key Companies in Ductile Iron Pipe Market:

The research report offers a competitive analysis of prominent companies operating in the global ductile iron pipe market. Some of the leading players profiled in the market research report include:

·         Kubota Corporation

·         Duktus GmbH & Co. KG

·         Electrosteel Steels Ltd.

·         U.S. Pipe

·         AMERICAN Cast Iron Pipe Company

·         Saint-Gobain PAM

·         Jindal SAW Ltd.

·         Tata Metaliks

·         McWane Inc.

·         Xinxing Ductile Iron Pipes

·         Other Players