Ductile Iron Pipes offer various benefits as compared to other conventional piping solutions that include PVC, HDPE, PVCO etc. Some of the major advantages include higher life span, low maintenance, easy installation, high durability, recyclability and many more. In addition, the average thickness of DI pipes over the years has reduced owing to increased metal strength. The manufacturers of piping solutions across the globe have realized the aforementioned advantages and they are continuously increasing their production capacities of ductile iron pipes to gain a competitive edge in the global ductile iron pipes market.
Furthermore, the key players are coming up with various technological advancements that is increasing the penetration of ductile iron pipes across various applications including water & waste water management, agriculture, mining etc. Introduction of earthquake resistant ductile iron pipes along with reliable protection encasements are some of the major advancements witnessed in the global ductile iron pipes market. Hence, on the backdrop of all the above mentioned factors, the Global Ductile Iron Pipes market is expected to witness a growth rate of nearly 6% in terms of value over the forecast period (2019-2029).
Also, government investments in water & waste water management, increasing urbanization in developing countries coupled with increasing production capacities are the primary factors propelling the ductile iron pipes market growth till 2029. However, higher overall costs & susceptibility to corrosion are the factors impeding the ductile iron pipes market growth.
