Press release
Research and Technological Innovations to Bolster Developments in Ductile Iron Pipes Market
Ductile Iron Pipes Market
Regions across the globe are instituting measures to meet growing demand for water. Installation of new pipeline systems along with replacement of aging water infrastructure are prime strategies followed by governments of major economies. This creates a favorable atmosphere for ductile iron pipes, as these systems are becoming the foremost choice for water distribution.
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Key Market Segments Covered in Ductile Iron Pipes Industry Analysis
By Diameter
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
By Application
Ductile Iron Pipes for Potable Water Distribution
Ductile Iron Pipes for Sewage & Wastewater
Ductile Iron Pipes for Irrigation
Ductile Iron Pipes for Mining
Centrifugal DI Pipes
Others
By External Protection
Zn/Zn-Al + Bitumen/Epoxy Ductile Iron Pipes
PE Ductile Iron Pipes
PU Ductile Iron Pipes
Ceramic Epoxy Ductile Iron Pipes
Electrosteel DI Pipes
By Sales Channel
Direct Sales of Ductile Iron Pipes
Indirect Sales of Ductile Iron Pipes
A comprehensive estimate of the Ductile Iron Pipes market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the Sales of Ductile Iron Pipes during the forecast period. Price point comparison by region with the global average price is also considered in the study.
The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the Market Insights of Ductile Iron Pipes.
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What are the Key Opportunities on Offer for Ductile Iron Pipe Manufacturers?
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.
Which Region Offers the Maximum Opportunity for Sales of Ductile Iron Pipes?
As per the ductile iron pipes industry report by Fact.MR, during the past half-decade, East Asia dominated the market with a share of 30%. This dominance is anticipated to continue over the long-run forecast period. In this region, key players such as XinXing and Kubota held nearly 40% market share in FY2020.
Over the same period, China has evolved as a prominent supplier of ductile iron pipes across the globe, and has consistently maintained exports and captive regional consumption ratio of 3:2. This scenario is anticipated to change with the surge of anti-dumping duties across major economies. Rise in competition is gradually affecting the stance of players positioned in China.
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.
Why are GCC Countries on the Radar of Ductile Iron Pipe Makers?
In 2020, GCC countries market value amounted to US$ 425 Mn, with a market volume of 638 KT. GCC countries together captured 60% of the Middle East & Africa market share in the same year.
Ductile iron pipe trends shows that GCC countries such as Saudi Arabia, United Arab Emirates, Qatar, and Oman have set up their long-run focus on ensuring potable water to residents. Policies framed by these countries are anticipated to bolster demand for ductile iron pipes over long-run forecast period.
For instance, in FY2020, the UAE opened up a multi-million dollar government funded project for water desalination and transportation of desalinated water for public welfare. This project has opened the gates for prominent DIP manufacturers such as Saint Gobain, Jindal SAW, and Kubota.
In the same year, ACCIONA promised to build a fifth desalination plant worth US$ 384 Mn in Saudi Arabia, which shall improve water supply and status of the people residing in Southwest Saud Arabia.
Why is India Termed as an Impenetrable Market for Foreign Players Manufacturing Ductile Iron Pipes?
In FY2020, India registered 80% market share in South Asia & Oceania. Key player positioned in the country are Jai Balaji Group, Jindal SAW Ltd, Electrotherm, Electrosteel, and Tata Metaliks, among others. These players together hold a prominent market share, not only in India, but also in South Asia & Oceania.
Despite trade liberalization, the country has put set of norms that impose tariffs on the imports of DIP from foreign players. Moreover, the Government of India is obliged to procure from regional players to strengthen regional businesses of DIP. These factors act as hurdles for prominent international players looking to up their footprint in high potential markets such as India.
First-hand bidding for procurement tenders by regional players such as Jai Balaji, Jindal SAW, and Electrosteel, among others, will strengthen the market for regional players. Moreover, DIP is extensively procured by key construction firms in the country, such as L&T, Tata Construction, and others.
Some Notable Offerings by Fact.MR Report on Ductile Iron Pipes market:
• We will provide you an analysis of the extent to which this Ductile Iron Pipes market research report acquires commercial characteristics along with examples or instances of information that helps you to understand it better.
• We will also help to identify customary/ standard terms and conditions, as offers, worthiness, warranty, and others.
• Also, this report will help you to identify any trends to forecast growth rates.
• The analyzed report will forecast the general tendency for supply and demand.
Some of the Ductile Iron Pipes Market insights and estimations that make this study unique in approach and effective in guiding stakeholders in understanding the growth dynamics. The study provides:
• Details regarding latest innovations and development in Ductile Iron Pipes and how it is gaining customer traction during the forecast period.
• Analysis about the customer demand of the products and how it is likely to evolve in coming years.
• Latest regulations enforced by government bodies and local agencies and their impact on Demand of Ductile Iron Pipes Market.
• Insights about adoption of new technologies and its influence on the Ductile Iron Pipes market Size.
• Overview of the impact of COVID-19 on Ductile Iron Pipes Market and economic disruptions caused by the pandemic.
• Evaluates post-pandemic impact on the Sales of Ductile Iron Pipes Market during the forecast period.
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After reading the Market insights of Ductile Iron Pipes Report, readers can:
• Understand the drivers, restraints, opportunities and trends affecting the Sales of market.
• Analyze key regions holding significant share of total Ductile Iron Pipes market revenue.
• Study the growth outlook of Ductile Iron Pipes market scenario, including production, consumption, history and forecast.
• Learn consumption pattern and impact of each end use & supply side analysis of Ductile Iron Pipes market.
• Investigate the recent R&D projects performed by each market player & competitive analysis of Ductile Iron Pipes Market Players.
Key Takeaways from Market Study
The global ductile iron pipes market is expected to create a value opportunity of around US$ 5.8 Bn during the forecast period, adding 1.7X value by 2031 as compared to 2021.
The DN 700 - DN 1,000 segment will continue to dominate demand for ductile iron pipes, accounting for more than 1/4 of global share as a result of long lifespan and high reliability.
China and India will continue to maintain their supremacy in this space with high population density and increasing number of water treatment plants.
The market in East Asia is poised to surge at a healthy CAGR of close to 7% through 2031.
South Asia & Oceania are estimated to be the most lucrative market in terms of revenue generation, currently valued at more than US$ 2 Bn, and expected to show prolific expansion over the forecast period.
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How Fact.MR Assists in Making Strategic Moves For Ductile Iron Pipes Market Manufacturer?
• The data provided in the Ductile Iron Pipes market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
• The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.
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