Albany, NY -- (SBWIRE) -- 02/21/2019 -- A recent report, titled, "Ductile Iron Pipes Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026," added by ResearchMoz.us to their vast repository, presents an in-depth study of this market by covering various associated factors. The report acts as a valuable insight to all businesses working in this field.
With rapidly growing urbanization and industrialization, a surge in construction activities is occurring all over the planet. This is a key factor envisaged to drive extensive growth in the global ductile iron pipes market. This is mainly due to the fact that the pipes provide innumerable advantages such as high strength and resistance to fracture development. These factors make construction companies prefer using ductile iron pipes as compared to their alternatives. High life spans of more than 100 years coupled with protective inner and external coatings are two more advantages associated with ductile iron pipes, thereby stoking growth in the market.
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The global ductile iron pipes market is expected to expand at a healthy speed mainly due to a rising demand for these pipes in developing countries. A rapid rise in urbanization and commercialization is fueling demand for ductile iron pipes too. The requirement for ductile iron pipes in sewage water applications has risen thanks to the increase in migration of population toward cities and other developed spaces. These pipes find extensive use in such applications mainly due to their high efficiency of handling water discharge and supply management. Lastly, with encouraging nods from governments to use ductile iron pipes in a variety of sectors, the global ductile iron pipes market is foretold to bode extremely well in the near future.
The global ductile iron pipes market is mainly spread across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Of these, a strong construction industry North America coupled with easy availability of the fabrics, has made the region hold a leading position in the global ductile iron pipes market. Apart from North America, a predominance of green building initiatives to minimize harm caused to the environment while constructing structures in Europe makes this region come runners-up in the market.
The ductile iron pipes market depicts the presence of a highly competitive vendor landscape owing to the presence of both new players as well as well-established companies. Most players are focusing on improving their product quality, facilitating product upgrades, and participating in mergers & acquisitions and partnerships, to improve their stance in this market. With the number of players expected to increase in the market, the competition is likely to further intensify. Saint-Gobain PAM, Jindal SAW Ltd, Tata Metaliks, U.S. Pipe, AMERICAN Cast Iron Pipe Company, Duktus (Wetzlar) GmbH & Co. KG, Electrosteel Steels Ltd., McWane, Inc., Kubota Corporation, and Xiamen Landee Industries Co., Ltd., are key players operating in the global ductile iron pipes market.
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