About Ductile Cast Iron
Ductile cast iron is actually a group of irons that exhibit high strength, flexibility, durability, and elasticity due to their unique microstructure. Cast ductile iron normally contains over 3 percent carbon; it can be bent, twisted, or deformed without fracturing. Its mechanical properties are similar to steel, and far exceed those of standard cast irons. Global market for Ductile Cast Iron is driven by growing manufacturing activity, particularly rising automobile parts production in developing markets. Growth in the market is driven by regional powerhouses, China, and India, which continue to witness steady increases in outsourced manufacturing activity.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Ductile Cast Irons players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Ductile Cast Iron market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Durham Foundry (United Kingdom), Penn-Mar Castings (United States), Dotson (United States), Waupaca Foundry (United States), Gartland Foundry (United States), Decatur Foundry (United States), Elyria & Hodge Foundries (United States), Plymouth Foundry (United States), CALMET (United States), Yuan Jun Fong Casting (Taiwan), Nelcast (India) and MARSHALL Group (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are The Allied Founders (India) and Willman Industries (United States).
Segmentation Overview
AMA Research has segmented the market of Global Ductile Cast Iron market by Type (As-Cast Ductile Iron and Austenite-Bainite Ductile Cast Iron), Application (Industrial Equipments , Automotive , Construction , Power and Aerospace) and Region.
On the basis of geography, the market of Ductile Cast Iron has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Rising Demand for Ductile Cast Iron Pipes in Sewage Water Application
Market Growth Drivers:
Growing Demand for Large Diameter Pipes in Civic Infrastructure and Construction Project Activities and Rising Automobile Parts Production in Developing Markets
Challenges:
Lack of Awareness from Underdeveloped Economies
Restraints:
High Price of Water Pipes
Opportunities:
Increasing Demand from Emerging Economies, Growth in the Automotive Sector and Strong Support and Investment by Governments in Wastewater Management
Market Leaders and their expansionary development strategies
In December 2023, U.S. Pipe, a leading manufacturer of water infrastructure products, announced its acquisition of McWane Ductile, another major player in the DCI market. This consolidation is expected to create a stronger competitor in the North American pipe market.
In November 2023, Neenah Foundry announced its acquisition of McWane Ductile US, a leading manufacturer of ductile iron pipe and fittings. This merger creates a North American powerhouse in the ductile iron pipe market, with increased production capacity and a wider range of products.
Key Target Audience
Ductile Cast Iron Manufacturers, Ductile Cast Iron Distributors and Suppliers, Ductile Cast Iron International Traders, Pipeline Industry Associations, Government Industry Associations, Research and Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.