The Global Ductile Iron Pipes Market is anticipated to witness a considerable CAGR during 2022-27, cites MarkNtel Advisors in their recent research report. The increasing focus of governments of different countries on infrastructural developments, i.e., portraying numerous ongoing & upcoming construction & development projects like smart cities, highways, & commercial buildings, among others, worldwide, is soaring the demand for ductile iron pipes to avoid damage during shipping & handling and withstanding heavy operating conditions like water hammers, deep or rocky trenches, frozen ground, areas with high water tables, heavy traffic, coupled with areas of shifting & unstable soils, thereby driving the global market.
Besides, the growing economic progress & immense pressure for better sanitation across urban areas are instigating governments to invest in several projects associated with water & wastewater management. It, in turn, is likely to positively influence the demand for ductile iron pipes and boost the market through 2027, especially across developing countries like India, Saudi Arabia, UAE, etc
Moreover, ductile iron pipes have several applications in public infrastructure like potable water distribution, sewage & wastewater transportation, irrigation, & mining, among others. As a result, substantial government investments in various water infrastructure projects, i.e., leading to their accelerating demand worldwide, project remunerative growth prospects for the global market in the years to come, further states the research report, “Global Ductile Iron Pipes Market Analysis, 2022.”
Increasing Number of Sewerage Projects to Propel the Demand for DN 700-1000 Ductile Iron Pipes
Ductile iron pipes with Nominal Diameter DN 700–1000 are utilized highly in sewerage due to their excellent cement mortar lining of alumina, which allows them to efficiently withstand high-pressure conditions where water is alkaline or strongly acidic.
Besides, the increasing government investments in water infrastructure developments, including sewerage and water & wastewater treatment systems, are other prominent aspects infusing the demand for DN 700-1000 ductile iron pipes worldwide.
Furthermore, mounting concerns over water scarcity and the increasing projects related to water treatment & sanitation are also propelling the demand for these ductile iron pipes and stimulating the overall market growth through 2027.
With Extensive Presence of Prominent Manufacturers, Asia-Pacific to Contribute Significantly to the Market Growth through 2027
Asia-Pacific is home to some prominent ductile iron pipe manufacturers & suppliers and is witnessing rapid infrastructural development projects across various countries in the region. The primary aspect that attributes to Asia-Pacific's dominance in the Ductile Iron Pipes Market globally is China's strong export business & captive regional consumption of ductile iron pipes.
Moreover, favorable government policies, incentives, taxation perks, & investments, coupled with a growing number of water treatment projects to address growing concerns over water scarcity, are also contributing notably to the regional market growth, reveals MarkNtel Advisors in their research report, "Global Ductile Iron Pipes Market Analysis, 2022."
The leading players in the Global Ductile Iron Pipes Market are American Cast Iron Pipe Company, CNBM International Corporation, Duktus (Wetzlar) GmbH & Co. KG, Electrotherm, Electrosteel Steels Ltd., Jindal SAW Ltd, Kubota Corporation, Kurimoto, Ltd., McWane Inc., Saint Gobain PAM, Svobodny Sokol Poland, Tata Metaliks, U.S. Pipe, and Xinxing Ductile Iron Pipes.
Key Questions Answered in the Research Report