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Global Weathering Steel Market: By Availability: Painted, Unpainted; By End Use: Building and Construction, Transportation, Art & Architecture, Industrial, Others; Regional Analysis; Historical Market and Forecast (2017-2027); SWOT Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments

Global Weathering Steel Market Outlook

The global weathering steel market is estimated to expand from USD 1.5 billion in 2020 to USD 2.1 billion by 2026, at a CAGR of 6% over the forecast period of 2022-2027.

 

Global Weathering Steel Market

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The weathering steel market has witnessed a rapid growth in the past few years as weathering steel plates not only provide the houses and structures with high strength, but also contribute to their aesthetic attraction. Weathering steel plates are also used for extending the lifetime of metal due to their high resistance properties, thus, aiding the market growth.

 

Properties and Applications

Weathering steel belongs to a family of low carbon steels, having additional alloying elements mixed in with the carbon and iron atoms. These additional alloying elements provide high strength and more corrosion resistance to weathering steel than typical low carbon steel grades. The global weathering steel market can be divided on the basis of segments like availability and end use of the product.

 

Global Weathering Steel Market By End Use

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The industry can be broadly categorised based on of its availability into unpainted and painted. The industry can be divided on the basis of its end use into:

  • Building and Construction
  • Transportation
  • Art and Architecture
  • Industrial      
  • Others

The EMR report looks into the regional weathering steel markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

 

Global Weathering Steel Market By Region

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Market Analysis

The longer shelf life with low maintenance cost of the product, growth of the infrastructure segment, and the growing use of weathering steel in sculptures are some of the major factors that are driving the growth of the weathering steel market. Fluctuation in prices of raw material, that is, steel, inferior performance in damp conditions, and the lack of awareness and knowledge about the use of weathering steel are the drawbacks of this industry which may affect its growth in the coming years.

 

Competitive Landscape

The report presents a detailed analysis of the following key players in the global weathering steel market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Arcelormittal
  • United States Steel Corporation (NYSE: X)
  • Nippon Steel Corporation
  • Tata Steel Limited
  • Posco 
  • SSAB AB 
  • JFE Steel Corporation 
  • Bluescope Steel Limited 
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Availability, End Use, Region
Breakup by Availability Painted, Unpainted
Breakup by End Use Building and Construction, Transportation, Art & Architecture, Industrial, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered ArcelorMittal S.A., United States Steel Corporation, Nippon Steel Corporation, Tata Steel Limited, Posco, SSAB AB, JFE Steel Corporation, Bluescope Steel Limited, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
    1.1    Objectives of the Study
    1.2    Key findings of the Study
2    Research Methodology
    2.1    Data Extraction
    2.2    Data Corroboration
    2.3    Market Structure
    2.4    Inference Data
3    Executive Summary
    3.1    Market Overview
    3.2    Market Analysis 
4    Global Weathering Steel Market 
    4.1    Figure: Global Weathering Steel Historical Market (2017-2021) & Forecast (2022-2027)
    4.2    Chart: Global Weathering Steel Market Breakup by Availability
        4.2.1    Painted
        4.2.2    Unpainted
    4.3    Figure: Global Weathering Steel Market Breakup by Availability: Historical Market (2017-2021) & Forecast (2022-2027)
        4.3.1    Painted
        4.3.2    Unpainted
    4.4    Chart: Global Weathering Steel Market Breakup by End Use 
        4.4.1    Building and Construction
        4.4.2    Transportation
        4.4.3    Art & Architecture
        4.4.4    Industrial
        4.4.5    Others
    4.5    Figure: Global Weathering Steel Market Breakup by End Use: Historical Market (2017-2021) & Forecast (2022-2027)
        4.5.1    Building and Construction
        4.5.2    Transportation
        4.5.3    Art & Architecture
        4.5.4    Industrial
        4.5.5    Others
    4.6    Chart: Global Weathering Steel Market Breakup by Region
        4.6.1    North America
            4.6.1.1    United States of America
            4.6.1.2    Canada
        4.6.2    Europe
            4.6.2.1    Germany
            4.6.2.2    United Kingdom
            4.6.2.3    France
            4.6.2.4    Italy
            4.6.2.5    Others
        4.6.3    Asia Pacific
            4.6.3.1    China
            4.6.3.2    Japan
            4.6.5.3    India
            4.6.3.4    ASEAN
            4.6.3.5    Others
        4.6.4    Latin America
            4.6.4.1    Brazil
            4.6.4.2    Argentina
            4.6.4.3    Mexico
            4.6.4.4    Others
        4.6.5    Middle East & Africa
            4.6.5.1    Saudi Arabia
            4.6.5.2    United Arab Emirates
            4.6.5.3    Nigeria
            4.6.5.4    South Africa
            4.6.5.5    Others
    4.7    Figure: Global Weathering Steel Market Breakup by Region: Historical Market (2017-2021) & Forecast (2022-2027)
        4.7.1    North America
            4.7.1.1    United States of America
            4.7.1.2    Canada
        4.7.2    Europe
            4.7.2.1    Germany
            4.7.2.2    United Kingdom
            4.7.2.3    France
            4.7.2.4    Italy
            4.7.2.5    Others
        4.7.3    Asia Pacific
            4.7.3.1    China
            4.7.3.2    Japan
            4.7.5.3    India
            4.7.3.4    ASEAN
            4.7.3.5    Others
        4.7.4    Latin America
            4.7.4.1    Brazil
            4.7.4.2    Argentina
            4.7.4.3    Mexico
            4.7.4.4    Others
        4.7.5    Middle East & Africa
            4.7.5.1    Saudi Arabia
            4.7.5.2    United Arab Emirates
            4.7.5.3    Nigeria
            4.7.5.4    South Africa
            4.7.5.5    Others
5    SWOT Analysis
    5.1    Overview
    5.2    Strengths
    5.3    Weaknesses
    5.4    Opportunities
    5.5    Threats
6    Porter’s Five Forces Analysis
    6.1    Overview
    6.2    Buyer’s Power
    6.3    Supplier’s Power
    6.4    New Entrants
    6.5    Degree of Rivalry
    6.6    Substitutes
7    Competitive Landscape & Supplier Analysis
    7.1    ArcelorMittal S.A.
    7.2    United States Steel Corporation 
    7.3    Nippon Steel Corporation
    7.4    Tata Steel Limited
    7.5    Posco 
    7.6    SSAB AB 
    7.7    JFE Steel Corporation 
    7.8    Bluescope Steel Limited 
    7.9    Others
8    Industry Events and Developments

Key Questions Answered in the Report

The global weathering steel market reached a value of USD 1.5 billion in 2020.

The market is projected to grow at a CAGR of nearly 6% in the forecast period of 2022-2027.

The market is estimated to reach a value of about USD 2.1 billion by 2026.

The major drivers of the industry include rising disposable incomes, increasing population, longer shelf life with low maintenance cost of the product, growth of the infrastructure segment, and the growing use of weathering steel in sculptures.

The high resistance properties of the product are expected to be a key trend guiding the growth of the industry.

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.

The leading availability segments in the market are unpainted and painted.

The major end use sectors of the product are building and construction, transportation, art and architecture, and industrial, among others.

The leading players in the market are ArcelorMittal S.A., United States Steel Corporation, Nippon Steel Corporation, Tata Steel Limited, Posco, SSAB AB, JFE Steel Corporation, and Bluescope Steel Limited, among others.

Analyst Review

The global weathering steel market attained a value of USD 1.5 billion in 2020, driven by the longer shelf life with low maintenance cost of the product. Aided by the high resistance properties of the product, the industry is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 6%. The industry is projected to reach USD 2.1 billion by 2026.

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on availability, the market can be segmented into unpainted and painted. On the basis of end use, the industry can be categorised into building and construction, transportation, art and architecture, and industrial, among others. The major regional markets of weathering steel are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above industry include ArcelorMittal S.A., United States Steel Corporation, Nippon Steel Corporation, Tata Steel Limited, Posco, SSAB AB, JFE Steel Corporation, and Bluescope Steel Limited, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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