According to MRFR analysis, the global ductile iron pipes market is expected to register a CAGR of~6.50% from 2022to 2030 and hold a value of over USD 16.93 billion by 2030.
The global ductile iron pipes market refers to the worldwide market for pipes made of ductile iron, which is a type of cast iron known for its high strength, durability, and ductility. Ductile iron pipes are used in various applications such as water and sewage transportation, gas distribution, and industrial applications. The market includes manufacturers, suppliers, and distributors of ductile iron pipes, as well as end-users in different industries. The size of the global ductile iron pipes market is determined by factors such as demand, supply, production capacity, pricing, and government regulations.
The COVID-19 pandemic had a significant impact on the global ductile iron pipes market. In pandemic has been the decrease in demand for ductile iron pipes. The slowdown in construction activities due to lockdowns and social distancing measures has led to a decrease in demand for pipes used in construction projects such as water supply systems, sewage systems, and gas distribution networks.
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Regional Analysis
Asia Pacific has been the largest region in terms of consumption and production of ductile iron pipes.
Countries in Asia Pacific, such as China and India, have been investing heavily in infrastructure projects, including water supply systems, sewage systems, and gas distribution networks. This has led to a high demand for ductile iron pipes in the region.
Moreover, many ductile iron pipe manufacturers have shifted their production to Asia Pacific due to the availability of raw materials, low labor costs, and government support for infrastructure development. This has also contributed to the region’s dominance in the global ductile iron pipes market.
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Market Segmentation
The global ductile iron pipes market has been segmented into application and diameter.
Based on the application, the market has been segmented into water supply and distribution, wastewater, irrigation and oil and gas transportation.
Based on the diameter, the market has been segmented into small diameter (less than 300mm), medium diameter (300mm-1000mm) and large diameter (above 1000mm).
Key Players
Some of the key market players are
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