This paper presents the development of a dynamic ductile crack growth model to simulate an axially running crack in a pipe by finite element analyses. The model was developed using the finite element (FE) program ABAQUS/Explicit. To simulate the ductile crack propagation, a cohesive zone model was employed. Moreover, the interaction between the gas decompression and the structural deformation was simulated by using an approximate three-dimensional pressure decay relationship from experimental results. The dynamic ductile crack growth model was employed to simulate 152.4 mm (6-inch) diameter pipe tests, where the measured fracture speed was used to calibrate the cohesive model parameters. From the simulation, the CTOA values were calculated during the dynamic ductile crack propagation. In order to validate the calculated CTOA value, drop-weight tear test (DWTT) experiments were conducted for the pipe material, where the CTOA was measured with high-speed video during the impact test. The calculated and measured CTOA values showed reasonable agreement. Finally, the developed model was employed to investigate the effect of pipe diameter on fracture speed for small-diameter pipes.