Ductile Iron Pipes Market, Analysis, Size, Share, Trends, Growth And Forecast
The ductile iron pipes market has witnessed substantial growth over the past decade, driven by the increasing demand for durable and reliable piping systems in water and wastewater infrastructure projects. Ductile iron pipes, known for their robustness and longevity, are favored over traditional materials like cast iron and PVC, thanks to their superior mechanical properties and resistance to corrosion. ductile iron pipes market Size was valued at USD 12.33 billion in 2023. The ductile iron pipes market industry is projected to grow from USD 13.025 Billion in 2024 to USD 20.30 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.7% during the forecast period (2024 - 2032). Market Overview Ductile iron pipes are primarily used in water supply and sewage systems due to their ability to withstand high pressure and their excellent ductility. The global market for ductile iron pipes is segmented by diameter, application, and region. Th...