Market Overview:
In 2022, the market for ductile iron pipes market was estimated to be worth USD 10.9 billion. The market for ductile iron pipes is anticipated to increase from USD 11.60 billion in 2023 to USD 16.93 billion in 2030, with a compound annual growth rate (CAGR) of 6.50% over the course of the forecast period (2023 – 2030).
Withstand degradation while being handled, installed, and transported The primary market factors accelerating market expansion include the use of physically moving water and waste for drinking, irrigation, and other applications.
Various investments are being made in water projects to improve wastewater treatment, make it easier for rural areas to get water, and repair rural infrastructure. For instance, according to the United States Department of Agriculture, the federal government pledged US$307 million to modernize outdated pipes and service lines in 34 states and Puerto Rico in 2021 in order to improve the rural infrastructure for 250,000 residents and businesses. Additionally. the European Investment Bank claims.
In 2020, the bank will invest $12 million in Kosovo’s wastewater treatment, improving and lowering the cost of access to water and wastewater services for more than 90 000 people. Also, according to the Egyptian Ministry of Planning and Economic Development, US$27 million was given in December 2021 to connect rural residences to wastewater networks. Ductile iron pipes will be utilized more frequently for distributing portable water and in sewage treatment facilities as a result of this increase in investments. As a consequence, the market CAGR for ductile iron pipes will increase.
Saltwater is converted into drinking water at desalination plants. In Gulf countries like Saudi Arabia, Abu Dhabi, Oman, and Qatar, such plants are highly robust.
More desalination facilities have been constructed in gulf countries as a result of the increasing demand for drinking water. For instance, the Shugaiq IWP desalination plant would produce 450,000 cubic meters of drinkable water daily and feed 200,000 people, according to the Salt Water Conversion Company. be completed in 2022. Also, it completed the construction of the Yanbu desalination plant in 2020, which will deliver 550,000 m3/d of water to 1.8 million people in Madinah and the industrial city of Yanbu.
Moreover, the Salah Desalination Project was completed by Abengoa Agua in 2020. The capacity of this plant is 113,500 m3/d. Ductile iron pipes will be utilised more frequently to supply people with drinking water as a result of the growing number of desalination plant installations. As a result, the market for ductile iron pipes will generate more money.
Consumer demand is supported by expanding infrastructure and smart city development efforts. Governments are also starting water and wastewater management projects as a result of the rapid economic growth and growing need to improve sanitation in urban areas. It is also envisaged that several industrial application domains may offer market potential. The rapidly rising concern for clean, safe drinking water, the acceleration of technological breakthroughs, and improved production techniques are some of the market trends for ductile iron pipes that provide sizeable prospective chances. Also, tight government regulations for irrigation and wastewater management offer a multitude of opportunities for manufacturers of ductile iron pipes.
Contrarily, the production of ductile iron pipes requires raw materials, and the unstable prices and unbalanced supply and demand in such “markets” act as substantial roadblocks to the growth of the sector. Significant investments are required to boost market expansion.
10 built facilities for wastewater treatment and pipe manufacture. Even if a lot of places are spending more on earthquake-resistant pipes, this will help the industry grow throughout the evaluation phase. Ductile iron pipes can ‘bend but do not shatter during quakes, ensuring a constant flow of water, and making them resistant to earthquakes.
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Key Players:
Regional Perspectives on Ductile Iron Pipes
The analysis offers market information for North America and Europe by region. The rest of the world and Asia-Pacific. Over the research period, the Asia Pacific Ductile Iron Pipes market, which is predicted to reach USD 5 billion in 2022, is anticipated to rise at a substantial CAGR. Due to the region’s current focus on infrastructure development and smart city projects, the market for ductile iron pipes is growing. The region’s improving economic situation supports market expansion even more. The rapid industrial and urban growth of the region also drives up the need for ductile iron pipe applications. The US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil are other important nations covered in the market analysis. The market for ductile iron pipes in North America comes in second place.
The largest market share is attributed to widespread knowledge of clean water. The market’s rise is also fueled by the region’s high demand from the irrigation and water & wastewater sectors. The market share for ductile iron pipes is influenced by the early adoption of a variety of cutting-edge waste management solutions and the significant presence of famous industry players with large product portfolios. The U.S. continues to hold a sizable share of the regional market since these countries have the best vendors for ductile iron pipes. Also, the China Ductile Iron Pipes market had the highest rate of growth in the area, while the US Ductile Iron Pipes market had the largest market share.
Ductile iron pipes have a considerable market in Europe. Throughout the region, there are an increasing number of government programs and funds designated for clean water projects. The area is simultaneously fueled by a rise in smart city initiatives and increasing government spending. Expansion in the sector. European countries, particularly France, Germany, the United Kingdom, and Norway, account for considerable portions of the regional market as a result of enhanced drinking water & wastewater management initiatives. Moreover, the region’s fastest-growing market for ductile iron pipes was in Germany, while the UK held the greatest market share.
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Market segment
Insights for ductile iron pipes based on diameter. The market segmentation for Ductile Iron Pipes consists of D.N. 80-300, DN 350-500, DN 700-1000, DN 1200-2000, and DN 2000 and above.
DN 700-1000 will have the most market growth between now and 2022. In sewage applications, pipes between DN 700 and DN 1000 are frequently used. These pipes can resist operation conditions that range from extremely alkaline to severely acidic thanks to their internal high-alumina cement mortar lining. DIPs are also employed in the distribution of potable water from dams to cities. DIPs are often internally coated to stop corrosion. DIPs are also overused in the mining industry. The global potable water transportation market category is anticipated to have the largest market share by the end of the projected period.
Water & Wastewater and Irrigation are two market segments for Ductile Iron Pipes based on fusion type. The water and wastewater category presently retains the largest proportion due to the efforts and expenditures made by both the government and non-government groups in constructing water-related infrastructure and services. Revenue in 2022 for the market for ductile iron pipes
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