Ductile Iron Manhole Covers Market Is Set To Garner Staggering Revenues By 2031 September 29, 2021
Ductile Iron Manhole Covers: Introduction
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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.
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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
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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.
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Presence of Several Substitutes: A Key Restraint
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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