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Global Ductile Iron Pipe Market Insight2022-02-14 Comments
The Ductile Iron Pipe is forecast to smooth over the next few years. According to the WK-chem Research “Global Ductile Iron Pipe Professional Survey Report 2022, Forecast to 2027”, with the increasing demand of the wastewater treatment industry，the Ductile Iron Pipe industry is developing at an incredible speed. According to the WK-chem regression analysis model, the compound annual growth rate (CAGR) for the period 2022-2027 is expected to be 6.50%.
“The use of Ductile Iron Pipe technology in the manufacture and use of wastewater treatment is expected to provide various opportunities for market growth, Senior analyst, Chemical & Material Market Research Center in WK-chem.” It is expected that during the forecast period, the pipeline transportation industry will dominate the global Ductile Iron Pipe market.”
Growing number of smart city and infrastructure development projects are driving demand for ductile iron pipe. Moreover, economic progress and growing pressure to advance sanitation in urban areas are leading governments to start water and wastewater management projects. Furthermore, a variety of industrial application areas are expected to offer ample market opportunities. Rapid awareness for clean and safe drinking water, increasing technological advancement, and improving wastewater management solutions are some of the trends that offer significant growth opportunities. Moreover, stringent regulations for wastewater management and agricultural irrigation offer noteworthy market openings for manufacturers of ductile cast iron pipes.
This WK-chem market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Ductile Iron Pipe companys that include US Pipe、AMERICAN Cast Iron Pipe Company、Saint-Gobain PAM、Jindal SAW Ltd、Tata Metaliks .etc.
Segmentation of Ductile Iron Pipe Market:
On the basis of diameter, the market has been segmented into DN 80-300, DN 350-600, DN 700-1000, DN 1200-2000, and DN2000 & above. The DN 700 – DN 1000 segment is expected to dominate the global ductile iron pipe market during the forecast period. These are used widely for water & wastewater applications. DN 350-600 pipes are also used in a large scale for water supply and irrigation purposes. Their extended life and durability make them a perfect fit for water infrastructure. These pipes are also actively used in mining applications.
On the basis of application, the segment is divided into– irrigation and water and wastewater. The water and wastewater segment is expected to show maximum growth during the forecast period. The proliferating population and economic growth are factors that are expected to increase the demand for water. This opportunity has been met with various beneficial government and non-government initiatives in terms of policies and regulations. The focus of the government bodies is to increase in the investment in water-related infrastructure and services that cater to future demand.
Ductile Iron Pipe Market: Regional Analysis
In terms of geography, the global Ductile Iron Pipe market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. Asia-Pacific holds a sizeable share in the market and is expected to register maximum growth rate during the forecast period. The region has witnessed an increased demand for clean water for drinking as well as irrigation and industrial purposes. This is expected to fuel the demand for ductile iron pipes in Asia-Pacific during the forecast period. Consumption of ductile iron pipes in China is anticipated to surge owing to incentives and taxation benefits provided to building & construction stakeholders. Moreover, rising population and extensive demand for potable water will bolster public infrastructure spending, thus cascading the effect to the demand for ductile iron pipe.
Largest share area：Asia-Pacific
Largest share country：China
Product Type：DN 80 – DN 300 Ductile Iron Pipes，DN 350 – DN 600 Ductile Iron Pipes，DN 700 – DN 1000 Ductile Iron Pipes，DN 1200 – DN 2000 Ductile Iron Pipes，DN 2000 & Above Ductile Iron Pipes
Application：Potable Water Distribution，Sewage & Wastewater，Irrigation，MiningLeading Company：US Pipe、AMERICAN Cast Iron Pipe Company、Saint-Gobain PAM、Jindal SAW Ltd、Tata Metaliks