Duct Iron Pipes Market 2020 with COVID-19 Impact Analysis | Upcoming Trends & Forecast Till 2026
Pune, Maharashtra, India, September 16 2020 (Wiredrelease) Absolute Reports Pvt. Ltd :The global duct iron pipes market is projected to gain traction from the ever-increasing initiatives taken by the government bodies of various countries to introduce proper sanitation facilities and manage sewage water methodically. Fortune Business Insights published this information in an upcoming report, titled, Duct Iron Pipes Market Size, Share Industry Analysis, By Diameter Size (mm) (DN 80-300, DN 301-600, DN 601-1000, DN 1001-1200, DN 1201-2000, DN 2000 and above), By Application (Wastewater supply/management, Irrigation, Others (Pumping stations)), By End-Use Industry (Oil Gas, Agriculture, Water Treatment, Mining, Others) and Regional Forecast, 2019-2026. The report further mentions that some of the reputed small and medium enterprises (SMEs) across numerous sectors are incorporating duct iron pipes extensively nowadays. It would also affect the market in a positive manner.
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Ever-increasing Population Worldwide to Boost Growth
The governments of many countries across the world are putting forward stringent norms to fulfil the unmet demand for water. They are thus, reforming the conventional water infrastructure, as well as installing brand new pipeline systems. These pipes are becoming the primary choices for distributing water. Coupled with this, socio-economic development, changing consumption patterns, and growing population would augment the duct iron pipes market growth during the forecast period.
Moreover, sanitization is becoming one of the major concerns worldwide. According to one of the sources, around half of the global population follow unsafe sanitary services and practice open defecation. Such practices are giving rise to various health issues amongst the masses. That is why, the governments are using duct iron pipes for discharging wastewater and maintaining sanitation.
North America to Dominate Spurred by Rising RD Activities
Geographically, the market is divided into Asia Pacific, the Middle East and Africa, Europe, North America, and Latin America. Out of these, North America is anticipated to lead in the coming years in terms of duct iron pipes market revenue. This growth is attributable to the increasing research and development activities to create innovative materials and rising demand for ductile iron fittings and pipes from end-users. Apart from that, the increasing number of developmental projects for wastewater and water applications in this region would propel growth. Also, the government agencies are taking several initiatives to promote the usage of such pipes.
Asia Pacific, on the other hand, is expected to showcase a considerable surge because of the high demand for irrigation and water supply in many developing countries, such as China and India. Especially in China, the number of SMEs is rising. Coupled with this, the population is also growing at a fast pace, which in turn, is upsurging the demand for clean drinking water. These factors would contribute to market growth in this region.
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Government Bodies Key Players Focus on Opening Plants to Increase Production
The market consists of many private companies, as well as government agencies that are striving persistently to accelerate production by planning to construct new plants. By doing this, they would also be able to gain more duct iron pipes market share in the coming years. Below are the most recent industry developments:
January 2019: KIOCL Limited, a Government of India enterprise based in Bengaluru, declared its plans to install the groundwork for a ductile iron spun pipe plant in Mangaluru. This new plant is set to create approximately 500 direct employment opportunities for the masses residing in the locality. As per the company officials, this plant would possess a capacity of around 2 lakh tonnes per annum and it would cost around ₹836 crores for developing this project., March 2019: Samsun Makina Sanayi, a manufacturer of valves and pipe fittings headquartered in Turkey, joined hands with Groupe Cosider, a civil engineering company based in Algeria. The total deal is worth 80 million and it would enable both companies in constructing a ductile iron pipe manufacturing plant in Sidi Khettab situated in Relizane. As per the company officials, the plant would take almost 18 months to complete and would have a capacity of around 100,000 tons annually. The mass production would enable exports from the national market to foreign countries.
Fortune Business Insights lists out all the renowned companies operating in the duct iron pipes market. They are as follows:
McWane, Inc., Saint-Gobain PAM, KURIMOTO, LTD., Jindal SAW Ltd., Benxi Beitai, Xiamen Landee Industries Co., Ltd., S. Pipe, KUBOTA Corporation, Duktus (Wetzlar) GmbH Co. KG, American Cast Iron Pipe Company, Other key market players ,
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