Ductile Iron Pipes Market - Outline
Products in the global ductile iron pipes market find applications in various industries for purposes such as potable water distribution, pipes for irrigation, centrifugal ductile iron pipes, sewage and wastewater, and pipes for mining. These pipes in the global ductile iron pipes market require external protection and it is provided by using various materials such as Zinc, Zinc-aluminum, epoxy, PE, PU, ceramic, and electro steel. Increase in the number of smart infrastructure and smart city development projects across the world are creating new avenues for the players and vendors in the global ductile iron pipes market. Furthermore, rising pressure to enhance sanitation systems in urban settings as well as economic progress in developing and developed economies are also fueling the demand for the global ductile iron pipes market in coming years.
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Furthermore, rising awareness pertaining to safe and clean drinking water, improvements in wastewater treatment, and constant technological advancements are also some of the key drivers for the global ductile iron pipes market. Strick and stringent policies and regulations pertaining to agricultural irrigation as well as wastewater management are also supporting the development of the global ductile iron pipes market in recent times. Furthermore, rising demand from industrial sector for a wide range of applications is also expected to create new and lucrative opportunities for the players and manufacturers in the global ductile iron pipes market in the next few years.
Rising expenditure by government on wastewater management as well as water treatment are anticipated to boost the demand in the global ductile iron pipes market in coming years. Moreover, rising global population and resultant increased demand for clean drinking is also supporting the expansion of the global ductile iron pipes market.
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Ductile Iron Pipes Market - Snapshot
Ductile iron pipe is a direct evolution of cast iron pipe. Ductile iron has proved to be better pipe material; it is stronger and fracture resistant. Typically, ductile iron pipes are manufactured by using centrifugal casting in metal. Protective internal lining and external coatings are applied on both the surfaces of a pipe to protect it from corrosion. The average lifespan of a ductile iron pipe exceeds more than 100 years. Pipe dimensions are standardized, by the organizations such as American Water Works Association (AWWA) in U.S., ISO 531 / EN 545/598 in Europe, and AS/NZS 2280 (metric) in Australia. Thus, different regions adhere to different standards based on climatic conditions and applications.
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The global ductile iron pipes market is anticipated to expand at a significant pace during the forecast period primarily due to the rising demand for these pipes in developing countries. The ductile iron pipes market was valued at about US$ 4,600 Mn in 2017 and is expected to expand at a CAGR of 8.0% during the forecast period. Increase in urbanization and commercialization is boosting the demand for ductile iron pipes. Demand for ductile iron pipes in sewage water application has increased owing to the rise in migration of the population toward urban centers. Governments across the world are taking steps for water sanitation. Ductile iron pipes are usually used for the discharge of wastewater and water supply management. Strong support and investment by governments in wastewater management is a major factor driving the demand for ductile iron pipes.
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Key players operating in the global ductile iron pipes market need to focus on promoting benefits of using ductile iron pipes. Major players are engaged in establishing new facilities and enter into acquisitions and mergers to develop and launch new products. These strategies are likely to propel the ductile iron pipes market during the forecast period. On August 25, 2014, Jindal Tubular USA LLC (Jindal Tubular), a subsidiary of Jindal SAW Ltd., announced that it had acquired the assets of PSL North America LLC for US$ 104 Mn from O.P. Jindal Group. PSL North America LLC is a manufacturer of SAW pipes and steel pipes. The plant has the capacity of producing 300,000 tons of pipes annually. In FY 2016–17, Tata Metaliks commissioned a new casting machine and finishing line through its ductile iron pipes division. This expansion is expected to help meet the demand for small-diameter pipes.
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Based on application, the global ductile iron pipes market has been divided into drinking water distribution, wastewater, irrigation, mining, and others (including pump stations and process and treatment works). Ductile iron pipes are mostly used for water distribution. These pipes are primarily employed in wastewater treatment facilities, pump stations, and sewage outfall lines. These pipes are used for effluent discharge of wastewater. Irrigation is a key challenge facing water resources. Approximately 70% of water is consumed for agricultural usage. Thus, irrigation is also a prominent application of the ductile iron pipes market. China, India, and South Africa primarily focus on agriculture. Therefore, the usage of ductile iron pipes is high in these countries for irrigation purposes.
Based on region, the global ductile iron pipes market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America and Europe are key regions of the global market. In terms of consumption, Asia Pacific holds major share of the global ductile iron pipes market. The ductile iron pipes market in India and China is anticipated to expand at a rapid pace during the forecast period, due to the rise in demand for water supply and irrigation in these countries. China is a major consumer of ductile iron pipes in Asia Pacific. Middle East & Africa and Latin America are emerging regions of the global ductile iron pipes market.
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