NEW YORK, July 7, 2021 /PRNewswire/ -- Fact.MR's latest study on ductile iron pipes demand outlook projects robust growth between 2021 and 2031. As per the report, the market is expected to register growth at 6% CAGR. The demand for ductile pipes will surge in response to the adoption of water supply policies.
700 to 1,000 diameter ductile iron pipes will witness extensive demand and account for ¼ market share due to their longer lifespan and reliability.
Ductile iron pipes find application in public infrastructure for potable water distribution, irrigation, mining, sewage, and waste water transportation. It is estimated that ductile iron pipes sales will rise in response to increasing government spending on water infrastructure across globe.
