Europe Ductile Iron Pipes Market size was valued at USD 1,223.4 million in 2021 and is poised to grow at a significant CAGR of 7.3% over 2022–2028. Increasing infrastructure development initiatives in Europe due to an increase in smart cities are driving demand for ductile iron pipes. Governments are also compelled to embark on larger-scale water and wastewater management projects by mounting pressure to improve urban cleanliness and economic growth. The increased water shortage for domestic and industrial use is expected to be a significant factor in the demand for desalination systems in the area. Additionally, it is anticipated that demand for desalination equipment will rise throughout the projection period as the need to treat seawater to conserve freshwater reserves increases. To strengthen the procurement of ductile iron pipe fittings, governments around Europe are investing in water treatment, which will generate attractive revenue streams for the manufacturers of flexible iron pipes. Moreover, several recent desalination technologies have been created to help dry regions supplement their water supplies. Many nations in the area cannot use these technologies as a source of fresh water due to the high cost of desalination. However, seawater desalination’s steadily rising use has shown that it is a sustainable water source unaffected by variations in rainfall. Saline saltwater is separated into two streams by desalination: concentrated brine and freshwater with little dissolved salt. As many nations, including the UK, France, and Germany, concentrate on bolstering growth, the need for ductile iron pipes in Europe is anticipated to remain stable. Furthermore, a few market trends creating significant potential prospects in the area are the rapidly growing awareness for clean, safe drinking water, increased technical advancements, and improved manufacturing processes and wastewater management strategies. Government regulations for wastewater management and agricultural irrigation also provide market sellers with significant opportunities. For instance, European desalination activities are dominated by Spain. This is not surprising given that it has some of Europe’s driest regions, with annual rainfall in the southeast of the country as low as 200 millimeters. Spain’s Mediterranean coast already experiences water constraints. Although reservoirs already hold most of the surface water, adding more would be a waste of resources. More desalination projects are unavoidable because Spain has led Europe in reusing water.
Recent Market Developments:
In 2021, Saint-Gobain PAM signed an agreement to divest its pipe business in China. The group will likely sell around 67% of its Chinese pipe business to a consortium.