The ductile cast iron pipes not only retail the cast iron’s attributes associated with corrosion resistance, machinability but also offers the additional toughness, ductility and strength and it also makes it more much durable and more cost-effective than the cast iron. It also incorporates the significant casting refinements, superior quality control, and additional metallurgical processes thereby making it suitable for all modern water and wastewater systems. These pipes offer higher tensile strength than the mild steel and retail inherent corrosion-based resistance of the cast iron. The pipes are also made of ductile cast iron offering a substantial benefit in terms of impact resistance, pressure bearing ability, and capacity to sustain the external static/ dynamic loadings.
According to the study, “Global Ductile Cast Iron Pipes Market to reach USD 11637.05 million by 2026” the key companies operating in the global ductile cast iron pipes market are Sandvik, Saint Gobain, Kubota, Xinxing, Shanxi Ductile Cast, Jinan Ductile Cast. The global ductile iron pipes market is quite competitive with many players being participating, across the globe. These global players have now adopted various strategies in order to expand the global presence & increase their overall market shares. Some of the key strategies adopted by key players over new product developments in terms of the advanced material, mergers and acquisitions, and the formation of strategic partnerships and collaborations.
Based on type, the ductile cast iron pipes market is segmented as Special Type and Standard Type. Based on diameter, the market is segmented as DN 80 to 300, DN 350 to 600, DN 700 to 1000, DN 1200 to 2000, and DN2000 & above. The DN 700 – DN 1000 segment is further expected to dominate the global ductile iron pipe market over the forecast period. These are used widely for water & wastewater applications. DN 350-600 pipes are also used over a large scale of water supply and irrigation purposes. Their extended life & durability making them a perfect fit for the water infrastructure. These pipes are also actively used in mining applications. In addition, based on the application, the market is segmented as water supply and sewage.
The ductile cast iron pipes market is driven by a surge in the development of water infrastructure, followed by rapid urbanization. However, high maintenance costs may impact the market. Moreover, the high need to upgrade wastewater testing and treatment infrastructure is a key opportunity for the market.
Based on geography, the North-American region holds a major share in the global ductile cast iron pipes market owing to growth in demand from end-user industries in the region. Whereas, the European and Asian-Pacific regions are anticipated to exhibit the highest growth rate due to an increase in government efforts to improve drinking water quality and rise in investments to focus on the development of water-related infrastructure over the forecast period. The global ductile cast iron pipes the market is valued approximately at US $9330.35 million in 2018 and is expected to grow with a healthy growth rate of more than 2.80% over the forecast period 2019 to 2026.
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