The report of Ductile Iron Pipes market, By Type (DN 80-300, DN 350-600, DN 700-1000, DN 1200-2000 and DN2000 & above) Applications (Drinking Water Distribution, Wastewater, Irrigation Mining, and Others) and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) is expected to reach US$ 14.43 Bn by 2027, at a CAGR of 8.2% during a forecast period.
By type of global ductile iron pipes segment is expected to grow at the highest CAGR of XX% during the forecast period.
DN 700 – DN 1000 pipes are extensively used for sewerage pipes amongst other types thus expected to boost the market demand. Above mentioned pipes consist of high alumina cement mortar lining hence allows them to withstand operating conditions ranging from highly alkaline to highly acidic making this type is more preferable than others. DN 700 – DN 1000 pipes are also used in mining, drinking water applications. Collective usage of ductile iron pipes for portable water distribution, the selected segment is expected to account for more than half of the market share by 2027.
The Asia Pacific region dominated the Ductile Iron Pipes Market in 2019.
Regionally, Asia Pacific is expected to witness the noticeable growth during the forecast period since the Asia Pacific on account of rapid urbanization and industrialization. The Asia Pacific accounted for over 45% of the Ductile Iron Pipes market with the highest demand. As a governmental initiative for the water treatment is huge by keeping the hygiene perspective as a priority, Asia Pacific is leading for this project amongst developing economies; is expected to grow the market in Asia Pacific region.
Major Key player’s executing in the Global Ductile Iron Pipes Market are Mitsubishi Chemical Holdings Company, E.I. DuPont De Nemours & Co, Dow Chemical Company, Eastman Chemical Company, Choksey Chemicals Pvt Ltd, Kumho Petrochemicals, Trinseo Europe GmBH, Polygel Industries, ExxonMobil Chemicals, Toray Industries, Evonik Industries, Estop Group, and BASF.
Maximize Market Research, a global market research with a dedicated team of specialists and, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global Ductile Iron Pipes Market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Ductile Iron Pipes Market positioning of competitors.
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