Ductile Iron Pipes Market Trends, Analysis, Future scope, Size, Share, Forecast to 2023

20/dic/2019 09:30:46 Automotive Market Research Reports Contatta l'autore

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Global Ductile Iron Pipes Market to Witness CAGR of 6.5% from 2019 to 2023.

Preference for ductile iron pipes among end-use industries has is high owing to their impressive durability. Such factors are supporting the growth of the global ductile iron pipes. Demand for ductile iron pipes is also growing due to their cost-efficiency and high-performance attributes. The manufacturing process of these pipes is rigorous, which ensures a robust quality standard.

The installation process of ductile pipes is pocket-friendly. Moreover, the low overall maintenance cost is also driving the demand for ductile iron pipes. These pipes have emerged as the go-to solution for critical applications. Nevertheless, susceptibility to corrosion continue prompt end-use industries to look for alternatives.

North America to see gradual growth in the global ductile iron pipes market 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 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).

Segmental Analysis

The segmental analysis of the market has been conducted on the basis of application and diameter.

Based on application, the market has been segmented into water and wastewater and irrigation. The water and wastewater segment is expected to witness a healthy growth over the next couple of years. On the account of the growing emphasis of water recycling and reuse, wastewater treatment plants are being developed across the globe. Ductile iron pipes find tremendous application in water treatment plants. The segment is expected to benefit from introduction favourable environmental policies and regulation. Governments worldwide are increasing efforts to improve water-related in infrastructure and services.

Regional Analysis

On the basis of region, the market has been segmented into Europe, North America, Asia Pacific (APAC) and rest of the world (RoW). North America currently holds a predominant position in the global ductile iron pipes. In addition, the region is likely to maintain its leading position throughout the assessment period. The North America market is led by the US, which remains the largest contributor in the region in terms of revenue.

It is projected that the APAC market will witness a noteworthy growth over the next couple of years. Effort to improve drinking water quality coupled with increased investment in development of water-related infrastructure is supporting the market growth in the region. Demand for clean water is likely to growth further in the region during the forecast period.

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