Ductile iron pipe
is a pipe made of ductile iron commonly used for potable water transmission and distribution. The ductile iron used to manufacture the pipe is characterized by the spheroidal or nodular nature of the graphite within the iron.
In the past six years from 2012 to 2017, global Ductile Iron Pipe sales market scale was from 9.36 million MT to 10.4 million MT. The global sales volume is estimated to reache 10.8 million MT in 2018 and 13.1 million MT by 2022, with the CAGR of 3.90% in terms of sales volume over the period 2017-2022.
As the cost and price of ductile iron pipe is directly affected by the cost of raw material, the market value of ductile iron pipe is not that stable. The Ductile Iron Pipe market value (based on wholesale price and based on revenue of manufacturers) was 6.8 billion USD in 2017 and is expected to reach 7.7 billion USD in 2022, growing at a CAGR of 2.11% from 2017 to 2022.
At present, the manufactures of Ductile Iron Pipe are concentrated in Asia. China is the largest production area in the world. The global leading players in this market are Saint-Gobain, Kubota, Xinxing Ductile Iron Pipes, US Pipe (Forterra), Jindal SAW, etc.
The Ductile Iron Pipe are mainly used by Water Supply/Treatment, Gas/Oil Supply, Mining and others applications. The main application of Ductile Iron Pipe is Water Supply/Treatment.
Despite the presence of competition problems, due to people’s requirement of living quality is increased in many public places as well as workplace throughout the world, investors are still optimistic about this area, investors are still optimistic about this area, the future will still have more new investment enter the field. In the next five years, the consumption volume will keep increasing, as well as the consumption value.