Ductile iron pipe market research information by diameter (DN 80-300, DN 350-600, DN 700-1000, DN 1200-2000 and DN2000 and above), application (water supply, wastewater and irrigation) and region (North America) , Europe, Asia-Pacific and the rest of the world) – market forecast until 2030.
According to the comprehensive Market Research Future (MRFR) report “Ductile Iron Pipe Market Information by Diameter, Application and Region – Forecast to 2030″, the ductile iron pipe market is likely to grow at a rate of 6.50% from 2022 and 2030% speed is booming. By the end of 2030, the market size will reach approximately 16.93 billion US dollars.
Ductile iron pipes are widely used in water supply systems due to their high strength, durability and corrosion resistance. They are made from ductile iron, a type of cast iron that is more flexible and less brittle than traditional cast iron pipes.
The ductile iron pipe market is expected to experience significant growth over the next few years driven by factors such as urbanization, population growth and increased investment in infrastructure projects. In addition, the demand for ductile iron pipes is expected to grow due to the growing need for sustainable and environmentally friendly water supply and sanitation systems.
Resistant to damage during transport, handling and installation Physically transportable water and wastewater for irrigation, drinking and other uses
View the ductile-iron-pipes-market-7599 in-depth market research report for ductile iron pipes (107 pages): https://www.marketresearchfuture.com/reports/ductile-iron-pipes-market-7599
McWane Inc. acquires Clear Water Manufacturing Corp., a renowned manufacturer and distributor of ductile iron and steel pipes, to expand its product range.
Electrosteel Casting and Srikalahsti Pipes have merged to form a new company, becoming India’s largest ductile iron pipe manufacturer with a 30% market share.
One of the drivers of the ductile iron pipe market is the growing demand for water supply and distribution systems in both urban and rural areas. Ductile iron pipes are widely used in water supply and distribution systems due to their high durability, strength and corrosion resistance. Population growth and urbanization lead to an increase in demand for water supply and distribution systems, thereby increasing the demand for ductile iron pipes.
The limiting factor in the market is the availability of alternative materials such as PVC, HDPE, etc. These materials offer the same advantages as ductile iron pipes such as durability and corrosion resistance, but are generally cheaper and lighter in weight. weight. This can be a problem for the ductile iron pipe market, as customers may prefer these alternative materials to ductile iron pipes, especially for budget-constrained projects.
The COVID-19 pandemic has had a significant impact on the ductile iron pipe market. The outbreak has affected demand for ductile iron pipes as global infrastructure projects, construction work and manufacturing operations slow down. Ductile iron pipe demand has fallen as countries impose restrictions to contain the spread of the virus, causing supply chain disruptions and labor shortages, leading to project delays.
The closure of construction sites and manufacturing plants led to a decrease in the production of ductile iron pipes. Moreover, the uncertainty around the pandemic has led to a reduction in investments and spending on infrastructure projects, which further affected the demand for ductile iron pipes.
Gauges DN 80-300, DN 350-600, DN 700-1000, DN 1200-2000, DN2000 and above are available on the market.
North America is an important market for ductile iron pipes, mainly due to the large number of established water supply and sanitation infrastructure projects in the region. The United States and Canada, the two largest markets in the region, are investing heavily in water infrastructure and there is a growing demand for sustainable and cost-effective solutions. In addition, Europe is also an important market for ductile iron pipes, where the state provides significant support for the development of water supply and sanitation infrastructure. The region is characterized by a well-established water supply network and a strong focus on sustainable and cost-effective solutions. The UK, Germany and France are the largest markets in the region and there is a growing demand for ductile iron pipes in the water and wastewater industry.
In addition, the Asia-Pacific ductile iron pipe market is expected to grow rapidly in the coming years, driven by factors such as growing demand for water and wastewater infrastructure, population growth, and demand for sustainable and low-cost pipes. efficient solution. China, India and Japan, the largest markets in the region, are investing heavily in water infrastructure and there is a growing demand for ductile iron pipes in the water and wastewater industry.
Overall, the ductile iron pipe market is expected to continue to grow in all three regions, driven by factors such as growing demand for water and sanitation infrastructure, demand for sustainable and cost-effective solutions, and population growth.
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Post time: Jun-04-2023