Ductile Iron Manhole Covers Market : The Report Gives Immense Knowledge On The Competitive Nature Of Key Players 2021-2031
Ductile Iron Manhole Covers: Introduction
- Ductile iron manhole covers are used to close the openings of manholes in order to avoid unwanted materials from falling into manholes and to prevent people from injuring themselves.
- Worldwide economic growth and expansion of major industrial sectors such as chemicals, processing, petrochemicals, oil & gas, wastewater management, power & utility, and telecom, is likely to drive the demand for ductile iron manhole covers in the coming years.
Rapid Growth in Construction and Infrastructure Sector: A Key Driver
- Rapid rise in population across the globe necessitates essential municipal and civic amenities to serve people. This is influencing the growth of the construction and infrastructure sector at a rapid pace. Increasing urban construction activities such as roadways, transportation facilities, drainage lines, residential buildings, and commercial spaces, is expected to propel demand for ductile iron manhole covers. This also offers an opportunity for the expansion of the ductile iron manhole covers market. Moreover, renovation of old and damaged infrastructure also offers opportunity for the growth of the market.
Presence of Several Substitutes: A Key Restraint
- Availability of several substitutes for ductile iron manhole covers in the market such as cast iron manhole cover, steel manhole cover, composite manhole cover, and concrete manhole cover is likely to restrain the growth of the ductile iron manhole covers market. Rising cases of scrap metal theft, risk associated with the safety of workers, and corrosion of manhole covers is restraining the growth of the ductile iron manhole covers market. In addition, high cost of manufacturing ductile iron manhole covers and overall maintenance is also restraining the growth of the market.
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Asia Pacific a Potential Market for Ductile Iron Manhole Covers
- The global ductile iron manhole covers market can be divided into five regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA)
- North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the ductile iron manhole covers market in Europe includes the U.K., Germany, France, and Rest of Europe. Similarly, the market in Asia Pacific comprises India, China, Japan, and Rest of Asia Pacific. Middle East & Africa market includes GCC, South Africa, and Rest of Middle East & Africa. The ductile iron manhole covers market in South America has been segmented into Brazil and Rest of South America.
- Asia Pacific is expected to remain a potential market for ductile iron manhole covers during the forecast period, owing to rising construction activities in the region.
Key Players Operating in the Global Ductile Iron Manhole Covers Market
The global ductile iron manhole covers market is consolidated in nature, due to presence of a large number of local, regional, and global players. A few of the key players operating in the global ductile iron manhole covers market are as follows:
- Ducast Factory
- Eagle Manufacturing Group
- EJ Group Inc.
- Crescent Foundry
- Forecourt Solutions
- Jayaswal Neco Industries Limited.
- Manhole Covers Ltd.
- Plasma Alloys Pvt. Ltd.
- Polieco Group
- Rishi Cast Pvt. Ltd
- Saint-Gobain
- Wattbike Atom
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