By 2031, due to technological innovation, the market for ductile iron pipes will grow substantially
Measures are being taken all over the world to meet the increasing demand for water. The main strategy followed by the governments of major economies is to install new plumbing systems and replace aging water infrastructure. In turn, this creates a good atmosphere for the ductile iron pipe market, as these pipe systems are becoming the primary choice for water distribution. Global piping system manufacturers have understood the key points and are constantly expanding the production capacity of ductile iron pipes to meet the growing demand.
In addition, key players are considering different innovation processes, capacity expansion, joint ventures and vertical integration. The increasing penetration of manufacturers in different applications such as water and wastewater management, agriculture and mining has led to an increasing demand for DI pipes. Under this premise, the global ductile iron market is expected to achieve a 6% growth during the forecast period (2020-2030).
In terms of volume, East Asia, South Asia and Oceania account for about half of the ductile iron pipe market. The presence of most major players, high agricultural production, and government initiatives in water and wastewater management are some of the important factors driving the growth of the ductile iron pipe market in Asia. In addition, the population estimates of Asian countries continue to increase, gray iron and cast iron production increases, rapid urbanization and industrialization, and attention to changing outdated water infrastructure are all factors that prompted the adoption of ductile iron pipelines in the region by 2030.
The report clarified the leading manufacturers of ductile iron pipes and their detailed shapes. The detailed dashboard view provides basic and up-to-date data information related to market participants who are mainly engaged in the production of ductile iron pipes. The market share analysis and comparison of major players provided by the report enable report readers to take preemptive steps to promote their business development.
The company profile has been included in the report, which includes elements such as product portfolio, key strategies, and a turnkey SWOT analysis for each participant. The company image of all well-known companies is mapped and presented through the matrix, so as to provide readers with practical insights, which will help to present the market position deliberately and predict the level of competition in the ductile iron pipe market. Well-known companies operating in the global ductile iron pipe market include Saint-Gobain PAM, Jindal SAW Co., Ltd., Electroforming Casting Co., Ltd., Kubota Company, Xinxing Ductile Iron Pipe Co., Ltd., and Tata Metal Co., Ltd.
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