The Ductile Iron Pipe Market is predicted to reach to US$ 2,145.32 Mn in 2022, Due to Increasing Smart Cities Project for Infrastructure Development till 2022
Absolute Markets Insights offers its latest published report ‘Ductile Iron Pipe Market by Type (Water-Cooled Centrifugal Casting and Austempered Ductile Irons); by Application (Water Supply, Wastewater Treatment, Gas & Oil Supply and Mining) – India Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2018 – 2026’. The author of the report analyzed that the global ductile iron pipe market accounted for US$ 849.67 Mn in 2017.This is due to increasing initiatives taken by government through smart cities project for development of cities in India till 2022.
Purchase the complete report titled “Ductile Iron Pipe Market - India Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2018 - 2026” at
https://www.absolutemarketsinsights.com/reports/Ductile-Iron-Pipe-Market-2018-2026-128
Ductile iron pipe market is expected to grow in future due to rising replacement and retrofitting program for existing city water distribution and drainage pipelines. This programs are made available by Government authorities to upgrade cities, especially the metropolitan cities to improve the infrastructure of the old drainage system. However, volatility in prices of raw materials and oversupply in the market is restricting the adoption of ductile iron pipe. However, initiation such as Atal Mission for Rejuvenation and Urban Transformation (AMRUT) scheme for urban housing and related infrastructure is creating abundant opportunities for the local manufacturers of the ductile iron pipe market in India.
Water-Cooled Centrifugal Casting Segment is holding the Maximum Market Share during the Forecast Period
Water-Cooled centrifugal casting type is currently dominating the market due to its high usage at commercial sector. Water-Cooled centrifugal casting is most commonly used process for making ductile iron pipes in India owing to numerous advantages such as acquired high density, high mechanical strength, fine grained structure and many more. These factors reduces the impurities and makes the pipe lighter, thus providing high output. Due to this water-cooled centrifugal casting it is more preferable by the manufacturers, and is thereby estimated to accelerate the growth in next eight years.
Water Supply Application Segment is holding the Maximum Market Share during the Forecast Period
Water supply application is currently witnessing highest market penetration owing to implementation of various ongoing commercial and non-commercial projects to ease water supply in the country. Companies are also investing at huge rate to provide abundant water supply at construction sites, manufacturing facilities so that the work is not kept at hold and the company don’t face any loss. Moreover, Central government along with State government are also implementing various programs to improve sanitation of the country. For instance, Swachh Bharat Abhiyan was made to improve sanitation and toilet facilities in India. This initiation increased the ductile iron pipe usage even in rural areas to build modern toilet facilities.
Ductile Iron Pipe Market is Fragmented in Nature with the Presence of Global and Regional Players
Some of the significant players functioning in the ductile iron pipe market include Dura-Line Corporation, The Electrotherm Group, Inc., Electrosteel Steels Ltd., McWane, Inc., American Cast Iron Pipe Company, Jain Irrigation Systems Ltd, Jindal Saw Ltd., Ori-plast, RASHMI GROUP, Electrosteel Casting Limited, Tata Metaliks, Saint Gobain, Gamson India Private Limited, Jai Balaji Industries Limited, Sathavahana Ispat Limited and Srikalahasthi Pipes Limited among others.
In January 2015, a move was taken to unite iron-strong brands under one roof. Hence, McWane Cast Iron Pipe Co., Pacific States Cast Iron Pipe Co., Atlantic States Cast Iron Pipe Co., and Clow Water Systems consolidated together under the new name McWane Ductile. This agreement was made to penetrate more into the market and offer better quality products to their customers.
Ductile Iron Pipe Market - By Type:
- Water-Cooled Centrifugal Casting
- Austempered Ductile Irons
- Ductile Iron Pipe Market – By Application:
- Water Supply
- Wastewater Treatment
- Gas & Oil Supply
- Mining