
According to a new report 'Ductile Iron Pipes – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026 published by Transparency Market Research (TMR), the global ductile iron pipes market was valued at around US$ 4,620 Mn in 2017 and is anticipated to expand at a CAGR of more than 8.0% from 2018 to 2026. Rise in demand for drinking water distribution pipes is driving the global market. In terms of value, the market in Asia Pacific is estimated to expand at a CAGR of more than 9.0% during the forecast period. Ductile iron pipes are designed to withstand severe operating conditions as well as environmental impacts.