High Recyclability Quotient and Durability Bellwether for Growth in Ductile Iron Pipes Market

DUBLIN 2, Ireland - June 12, 2020 - PRLog -- The use of ductile iron in pipes has been mainstreamed in potable water and sewage distribution applications in developed regions particularly North America. Water engineers in numerous economies such in the U.S. have been utilizing an array of attractive material characteristics of ductile iron. High corrosion resistance, outstanding machinability, and higher tensile strength than cast iron, inter alia, are properties fueling their deployment in aggressive operational environments. Particularly, the ductile iron pipes market has seen immense prospect in countries frequented by earthquakes, notably japan. High stress concentration makes ductile iron pipes suitable for demanding hydraulic working pressure parameters in such applications. Thus, the prospects in the ductile iron market stems on the back of the demand for durable and reliable water and wastewater distribution systems around the world.

On this premise, the global ductile iron pipes market is expected to observe a growth rate of 6% over the forecast period (2020-2030).

Key Takeaways of Ductile Iron Pipes Market

• Global ductile iron pipes market is expected to create a value opportunity of around US$ 13.4 Bn during the forecast period, adding 1.8X more value in 2030 as compared to 2020.
• DN 700 - DN 1000 segment will continue to dominate demand for ductile iron pipes accounting for more than quarter of the global share, as a result of long lifespan and high reliability.
• China and India will continue to maintain their supremacy in ductile iron pipes market with high population density and ascending water treatment plants across country. Ductile iron pipes market in East Asia is poised to grow at a healthy CAGR of 6.7% through 2030.
• South Asia & Oceania are estimated to be the most lucrative market in terms of revenue generation, currently valued at US$ 1,620 Mn and is expected to show prolific expansion over the forecast period

"Installation of Earthquake Resistance Ductile Iron Pipe (ERDIP), is set to remain a high investment area for government projects associated with water treatment and water supply across geographical boundaries", says the Fact.MR analyst.

Read Report- https://www.factmr.com/report/4182/ductile-iron-pipes-market

Earthquake-Resistant Ductile Iron Pipes Gathering Traction among Providers of Seismic Infrastructure Solutions

Another application area where ductile iron pipes have gained traction is in seismic infrastructure. Tellingly, several players in recent years have included earthquake resistant ductile iron pipes in their product portfolio to meet the rapidly growing demands for such structures. Prominent names include Xinxing Ductile Iron, Jindal SAW Ltd., Saint Gobain PAM, and Kubota Corporation.