The applications of ductile iron pipes are irrigation as well as water and wastewater. The use of ductile iron pipes in water and wastewater application can observe maximum growth, backed by factors like the expanding worldwide population coupled with rapid economic growth that have led to high demand for clean water. This demand is being met with several government initiatives in the form of policies as well as regulations.
But the recent outbreak of Covid-19 has resulted in the dwindling sales of DI pipes across the globe, all due to the water sewage construction and production activities coming to a standstill. The key markets for DI pipes like Asia Pacific and North America are observing a lockdown to curb the spread of the pandemic, resulting in the closing down of multiple government backed water treatment and water supply projects. The aftereffect of the current situation can mean a significant loss of share in the worldwide pipes market for ductile iron pipe.
Having said that, the market can remain resilient in the near future backed by the intense efforts being given by renowned companies, who are busy promoting the advantages of ductile iron pipes. Most of these vendors are working on building new facilities and are adopting mergers and acquisition type of strategies, which are projected to not only propel their position but also work in favor of the ductile iron pipes market in the preceding years.
