Ductile Iron Pipes Market Size | By Types, Application, Technology, Opportunities, End Users And Regions
Market Highlights
The global ductile iron pipes market size 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 iron pipes has witnessed significant growth in the
last few years. Similar growth is expected to be seen during the forecast
period. However, these pipes are prone to both, external and internal
corrosion. Additionally, various lighter alternatives of ductile iron pipes are
also available in the market. These factors pose a threat to the growth of the
ductile iron pipes market.
North America to see gradual growth in the global Ductile
Iron Pipes Market Size over the forecast period.
On the basis of region, the global ductile iron
pipes market has been segmented into North America, Europe, Asia-Pacific, and
the Rest of the World (RoW). North America is expected to dominate the global
market, primarily due to the increasing investments in research and development
of advanced materials and the rising number of pipeline development projects
for water and wastewater applications.
Asia-Pacific is expected to witness the highest
growth during the forecast period. China accounted for the largest market share
in 2017. The reason is credited to the increasing population and rapid
urbanization, which has created a demand for clean drinking water. This has
fueled the demand for ductile iron pipes in the region.
The water and wastewater segment is expected to
account for the highest growth rate during the forecast period 2018–2023
On the basis of application, the water and
wastewater segment is expected to witness maximum growth during the forecast
period. The rising population and optimistic economic conditions are expected
to increase the demand for clean water. This has been met with several
initiatives, in terms of policies and regulations, by government bodies. The
focus of such government bodies is improving the investments in water-related
infrastructure and services to cater to future demand. Furthermore, the
properties of ductile iron such as durability, efficiency, and reliability make
it a preferred choice of materials used in the pipeline systems for water
infrastructure.
Scope of the Report
This study provides an overview of the global
ductile iron pipes market size, tracking three market segments across four
geographic regions. The report studies key players, providing a five-year
annual trend analysis that highlights market size, volume, and share for North
America, Europe, Asia-Pacific and the rest of the world (ROW). The report also
provides a forecast, focusing on the market opportunities for the next five
years for each region. The scope of the study segments the global ductile iron
pipes market by diameter, by application, and by region.
Browse Complete Report Details @ https://www.marketresearchfuture.com/reports/ductile-iron-pipes-market-7599
By Diameter
- DN 80-300
- DN 350-600
- DN 700-1000
- DN 1200-2000
- DN2000 & Above
By Application
- Irrigation
- Water and Wastewater
- Others
By Region
- North America
- Asia-Pacific
- Europe
- Rest of the World
Key Players
The prominent players in the global ductile iron
pipes market are U.S. Pipe (US), AMERICAN Cast Iron Pipe Company (US),
Saint-Gobain PAM, Jindal SAW Ltd (India), Tata Metaliks (India), McWane, Inc. (US),
Kubota Corporation (Japan), Duktus (Wetzlar) GmbH & Co. KG (Germany),
Electrosteel Steels Ltd. (India), and Xinxing Ductile Iron Pipes (China).
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