The global ductile iron pipe market size is set to gain momentum from rising demand for DN 700 – DN 1000 pipes which are highly used for sewerage pipes. This information is given by Fortune Business Insights™ in an upcoming report titled, “Ductile Iron Pipe Market, 2023-2030.” Additionally, the steady adoption of DN 700 – DN 1000 ductile pipes will be the major growth driver for the rising market share.
COVID-19 to Drain Market Value Due to Volatility in Raw Materials
The lockdown affected almost every industry present in the world, and the iron pipe industry was not an exception. Due to the sudden increase in cases, the World Health Organization (WHO) announced a healthcare emergency worldwide. The healthcare emergency led to a lockdown across the country. All the construction projects and contracts were put on hold, and the market saw a standstill in growth. COVID-19 affected the market’s growth and resulted in the market’s downfall.
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Based on diameter, the market has been segmented into DN 80-300, DN 350-600, DN 700-1000, DN 1200-2000, and DN 2000 & above.
Depending on the application attribute, the market has split into potable water distribution, sewage & wastewater, irrigation, mining, and others.
Regionally, the market has been classified into Asia Pacific, North America, Europe, Latin America, and Middle East & Africa.
The report represents many aspects of the market to gain insights to understand the market of ductile iron pipe:
- Porter’s Five Forces Analysis is done to understand the power of suppliers, power of buyers, competing companies, risk of new add-ons, and the risk of a new entry in the market.
- Moreover, the key companies rapidly adopt the new advanced technology to hold the market.
- The insight information of the usual market scenario is also covered in the report.
- The emerging trends taking place in the major countries’ markets are also represented in the report.
Drivers & Restraints-
Rising Adoption of DN 700 – DN 1000 Pipes to Boost Market of Ductile Iron Pipe
The rise in demand for DN 700 – DN 1000 pipes can be attributed to the rising usage in sewerage pipes. These pipes have a strong alumina lining, helping them withstand extreme conditions from alkaline to strongly acidic. The steady adoption of DN 700 – DN 1000 ductile pipes will be the major growth driver for the rising ductile iron pipe market share.
However, the steady adoption is leading to higher demand for the product. This higher demand for the product results in the unavailability of the product, which may limit the ductile iron pipe market growth.
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Hike in Demand for Wastewater Treatment to Surge Asia Pacific Become Leading Region
The Asia Pacific to witness maximum growth among other regions. The rising demand for products in wastewater treatment surges the Asia Pacific region into becoming the leading region.
Europe is expected to follow the Asia Pacific in the global market concerning the adoption of irrigation applications.
Moreover, the US and Canada will push North America to propel growth due to the requirement of pipes in the mining sector.
Middle East & Africa are also expected to grow along with product demand growth.
Key Players Striving to Get a StrongHold in Global Market by Rising Technology Adoption
Key players within the market have a prevailing presence, owing to the standard of goodwill and brand value. Additionally, these players are expected to possess substantial growth potential due to the rising market presence in developing and developed countries. The key players are focused on rapidly adopting new technology advancements to lead the global market.
- January 2022- The CEO of Vedanta Iron & Steel announced the expansion of the industry. The expansion will take place through a brownfield route and take around 9-10 months to complete. The capacity to be expanded further up to 5mtpa.
List of Key Players Present in the Market:
- U.S. Pipe (U.S.)
- AMERICAN Cast Iron Pipe Company (U.S.)
- Saint-Gobain PAM (U.K.)
- Jindal SAW Ltd (India)
- Tata Metaliks (India)
- McWane Inc. (U.S.)
- Kubota Corporation (Japan)
- Duktus (Wetzlar) GmbH & Co. KG [KM1]
- Electrosteel Steels Ltd. (India)
- Xinxing Ductile Iron Pipes (China)
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