Pune, May 31, 2021 (Global News Agency)-The rise of drinking water and wastewater projects provides various opportunities
The rapid growth of the global ductile iron pipe market is mainly due to the increase in smart city projects. Governments around the world are increasingly participating in water management projects and investing in improving people’s quality of life. In addition, the growing demand for smart living and evolving waste management technology is the main trend in the ductile iron pipe market.
The government’s smart city project aims to improve the livability of the city and develop regional development by improving the supply of clean and safe drinking water and minimizing the level of thorough pollution. Adequate and reliable water and sanitation facilities, including affordable housing, wastewater management, and a healthy and sustainable environment are the basic requirements of urban life.
In addition, the ever-increasing population, especially in urban areas, and the continuous development of global industrialization provide important opportunities for the ductile iron pipe market. Due to global pressure on water resources and increasing industrial wastewater treatment in aquatic ecosystems, the use of water and wastewater treatment processes continues to increase, supporting market growth.
Therefore, the market is expected to grow significantly in the next few years. In this regard, the Market Research Future (MRFR) pointed out that by 2027, the global ductile iron pipe market is expected to reach USD 13.6 billion, growing at a compound annual growth rate of 6.5% during the review period (2020 to 2027).
Like most industries, the ductile iron pipe industry is also facing unprecedented challenges from the COVID-19 pandemic, an urban phenomenon that affects people living in slums and suburbs. Of course, industry players face several issues, from obtaining raw materials and attracting workers from the quarantine area to delivering the final product.
On the other hand, the epidemic has created huge market demand and brought about various urban problems, such as dense population, insufficient supply of safe drinking water and sanitation facilities.
The ductile iron pipe market has experienced unexpected disruptions, price washouts, and severe damage to the supply chain. However, as many countries/regions relax their blockade requirements, the market is quickly returning to normal.
More and more smart city and infrastructure development projects have promoted market demand. In addition, rapid economic growth and increasing pressure to improve sanitation facilities in urban areas are prompting the government to adopt water and wastewater management projects. In addition, diversified industrial applications are expected to provide ample market opportunities.
The rapid spread of awareness of clean and safe drinking water, continuous technological advancements, and improved wastewater management solutions and manufacturing technologies are important growth opportunities provided by the market trend of ductile iron pipes. In addition, strict government regulations on wastewater management and agricultural irrigation provide important opportunities for suppliers of ductile iron pipes in the market.
On the contrary, price fluctuations and the supply and demand gap of raw materials required for the production of ductile iron pipes are the main factors hindering market growth. In addition, the massive investment required to establish pipeline production and wastewater treatment plants poses a challenge to market growth.
Nevertheless, increased investment in seismic pipelines in many regions will support market growth throughout the assessment period. Ductile iron pipes are earthquake resistant; they can bend but not break during an earthquake, thus ensuring a reliable water supply.
The market analysis of ductile iron pipe is divided into diameter and application. The diameter section is subdivided into DN 80-300, DN 350-600, DN 700-1000, DN 1200-2000 and DN2000 and above. Among them, the DN 700-DN 1000 segment has the largest market share because it is widely used in water and wastewater applications.
The DN 350-600 pipe section also witnessed the widespread use of large water supply and irrigation plants. These pipes are also widely used in mining applications because of their longer service life and durability in water infrastructure.
The application segment is segmented into irrigation and water and wastewater. Among them, due to government and non-government initiatives and investment in the development of water-related infrastructure and services, the water and wastewater sectors accounted for the largest market share.
North America dominates the global ductile iron pipe market. The largest market share is attributable to a broad understanding of clean water. In addition, the large demand from the water, wastewater and irrigation sectors in the region has driven market growth.
The early adoption of various advanced waste management solutions and the strong presence of well-known industry players offering a wide range of products have affected the market share of ductile iron pipes. As the leading suppliers of ductile iron pipes in these countries, the United States has a considerable share of the regional market.
The Asia-Pacific region is the world’s second largest market for ductile iron pipes. The region is currently emphasizing smart city projects and infrastructure development to increase the market size of ductile iron pipes. In addition, the improvement of economic conditions in the region has supported market growth. In addition, the rapid industrialization and urbanization of the region has promoted the market demand for ductile iron pipes.
Europe is an important market for ductile iron pipes in the world. Government plans and funding for clean water projects continue to increase, expanding the market size in the region. At the same time, increasing smart city projects and increasing government investment in the region have promoted market growth. Due to the increase in drinking water and wastewater management plans, European countries such as France, Germany, the United Kingdom, and Norway have taken a considerable share of the regional market.
The portable air purifier market has witnessed multiple strategic partnerships, as well as other strategic approaches such as expansion, cooperation, mergers and acquisitions, and service and technology releases. Leading industry players have invested heavily in R&D activities and promoting expansion plans.
For example, on August 8, 2020, Welspun Corp. Ltd. announced plans to enter the new business of flexible tube manufacturing. The time and value for the company to enter the ductile iron pipe business through organic and inorganic channels is just right. Welspun will participate in the national and international standard manufacturing, trading and marketing of all types of ductile iron pipes, including professional coating and heat treatment of these products and accessories, valves, gratings and ductile iron.
Participants in the market include AMERICAN Cast Iron Pipe Company (USA), US Pipe (USA), Saint-Gobain PAM, Tata Metaliks (India), Jindal SAW Ltd (India), McWane, Inc. (USA), Duktus (Wetzlar) ), GmbH & Co. KG (Germany), Kubota Corporation (Japan), Xinxing Ductile Iron Pipes (China) and Electrosteel Steels Ltd. (India).
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Post time: Sep-26-2021