Ductile Iron Pipes Market Revenue, Size, Strategies, Competitive Landscape, Trends & Factor Analysis
Market Highlights Ductile Iron Pipes Market Size was valued at USD 10.9 billion in 2022. The Ductile Iron Pipes market industry is projected to grow from USD 11.60 Billion in 2023 to USD 16.93 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.50% during the forecast period (2023 - 2030). The global ductile iron pipes market revenue has witnessed a surge in growth rates in the past few years. This is attributed to its durability, cost-effectiveness, and heat pressure resistance. These pipes are manufactured according to the most rigorous and conservative standards of the industry, which makes them highly durable. The installation of ductile pipes is very cost-effective and have a long-term cost advantage because of its properties, which, in turn, reduces the overall maintenance costs. These properties along with other advantages make such pipes a fit for critical applications in water and wastewater and irrigation purposes. Due to this, the market for ductile ...