The ductile iron pipes market is anticipated to grow rapidly at a CAGR of 6.5% during the forecast period. The global ductile iron pipes market is driven by increased demand for clean drinking water and demand for clean water in industries . These factors have helped shape the ductile iron pipes market and are expected to boost the growth. Companies in the ductile iron pipes market could also face challenges such as availability of substitutes as well as growing concerns regarding price. The details covered in the ductile iron pipes market report cover all the aspects of the industry. Analysts studying the ductile iron pipes market have also shared growth projections in the report and have suggested ductile iron pipes market players to plan business strategies accordingly.
Market Segmentation
The global ductile iron pipes market has been segmented based on diameter and application. On the basis of diameter, the market for ductile iron pipes is segmented based on DN 80-300, DN 350-600, DN 700-1000, DN 1200-2000, and DN2000 above. Additionally, the market on the basis of application, is segmented into water wastewater and irrigation.
Factors like use of advanced materials and technological developments support the ductile iron pipes market growth. The performance of the ductile iron pipes market has also been studied for the past and current years. Additionally, the ductile iron pipes market report provides analysis of these segments. The ductile iron pipes market segmental analysis provided in the report offers major details about the ductile iron pipes market based on the data and forecasts till 2023.
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Regional Overview
Companies in the ductile iron pipes market are spread across the world. The ductile iron pipes market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American ductile iron pipes market has many companies across the United States, Canada, and Mexico. The ductile iron pipes market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the ductile iron pipes market can be found in the market research report. Europe has companies in the ductile iron pipes market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the ductile iron pipes market across India, China, and Japan in the Asia-Pacific region is also presented in the report.
Competitive Landscape
The ductile iron pipes market is supported by growing investment by key players as well as utilization of smart technology and strategic collaborations. The population growth around the world and increasing demand of ductile iron pipes market based services and products also support the market growth. However, the ductile iron pipes market growth can be affected due to fluctuating prices of raw materials. The report covers all such details which will help companies in the ductile iron pipes market to strengthen their business plan and improve their product portfolio. The ductile iron pipes market research report also provides company profiles of major companies. The company profiles of many organizations operating in the ductile iron pipes market report highlights crucial details like company size, revenue growth, and details of mergers and acquisitions taking place in the ductile iron pipes market. New companies and established businesses can plan their strategies based on this data provided in the ductile iron pipes market research report.
Industry News
Vedanta-Electrosteel (ESL) is working to expand its output capacity from 1.5 MTPA to 3 MTPA at the Siyaljori plant in Bokaro. ESL is committed to the wellbeing and development of local people, stating that expansion will lead to a significant increase in job opportunities at ESL for local people, the ESL official said. Appreciating the government’s shift, continuing funding and motivation, the official said that the business plans to offer 70 per cent of jobs to the local community. With the expansion of the factory, their goal is to increase the jobs and welfare of the community in the area, he said.
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