Technological Advancements & Favourable Regional Policies to Provide Impetus to Ductile Iron Pipes Market, Projects Fact.MR
Published : 16 Jun 2021 Industry: Chemical & Materials
The global ductile iron pipes market is expected to be valued at around US$ 7.8 Bn in 2021, expanding at close to 6% CAGR over the forecast period (2021-2031).
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.
Makers of piping systems across the globe have understood focal points and are constantly expanding their production capacity of ductile iron pipes to meet increasing demand. Furthermore, key players are thinking of different innovative progressions, capacity expansions, joint ventures, and vertical integration.
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.
“Middle East & Africa to remain a hotspot for ductile iron pipe demand, owing to extensive focus on ensuring clean water supply to citizens in the region,” says a Fact.MR analyst
Dodging Tariffs to Remain Prime Focus of Manufacturers
Saint Gobain PAM, Jindal SAW Ltd., Kubota Corporation, Electrotherm, and Xinxing Ductile Iron Pipes Co. Ltd. are key players with extensive DIP footprint across the globe. Despite holding a dominating market share and extensive presence, tariffs and anti-dumping duties are reducing confidence among these players, which could lead to ultimate rise in prices of imported ductile iron pipes.
Key countries imposing tariffs are Brazil, India, and EU countries, among others, providing a strong blow to manufacturers channelling ductile iron pipes at extremely low prices. To deal with this pressing issue, Fact.MR has published a report with key strategies to assist manufacturers struggling to find their way in potential markets, by dodging existing tariffs.
Find More Valuable Insights
Fact.MR, in its new offering, presents a balanced analysis of the global ductile iron pipes market, presenting historical demand data (2016-2021) and forecast statistics for the period of (2021-2031).
The study reveals essential insights on the basis of diameter (DN 80 - DN 300, DN 350 - DN 600, DN 700 - DN 1000, DN 1200 - DN 2000, and DN 2000 & above), application (potable water distribution, sewage & wastewater, irrigation, mining, and others), external protection (Zn/Zn-Al + Bitumen/Epoxy, PE, PU, ceramic epoxy), and sales channel (direct sales and indirect sales), across six major region of the world.
About the Chemical and Material Division at Fact.MR
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned chemical and material team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million-plus data points, the team has analysed the automotive industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.
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Consultant – Chemicals and Materials