Report ID: SQMIG25G2013
Report ID:
SQMIG25G2013 |
Region:
Global |
Published Date: March, 2024
Pages:
178
|
Tables:
62 |
Figures:
70
Regional analyses of the ductile iron pipe market show a complicated picture driven by factors like infrastructure spending, financial advancement, and regulatory frameworks. The need for ductile iron pipes is extremely high in developed regions such as North America and Europe due to well-established water infrastructure networks. In these areas, rehabilitating ageing infrastructure is a top priority for municipalities and utilities, which drives up demand for ductile iron and other long-lasting, corrosion-resistant pipe materials. Adoption of innovative piping materials is also aided by strict regulations pertaining to superior water and environmental protection.
Rapid industrialization and urbanization in developing economies including those in Asia-Pacific and Latin America are propelling strong market expansion for ductile iron pipes. The need to upgrade extensive water distribution and sewerage systems due to growing metropolitan areas and population growth presents numerous opportunities for ductile iron pipe manufacturers. Furthermore, increased government and private sector investment for infrastructure projects is driving up demand for ductile iron pipes in a variety of industries, including the commercial, agricultural, and municipal sectors. Still, there are local differences in market dynamics. For instance, ductile iron pipes with better seismic resistance are chosen in seismically active regions, such as Japan and portions of the Pacific Rim, due to specialized product services and production methods.
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Report ID: SQMIG25G2013