Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Weathering Steel Market Outlook

The global weathering steel market is estimated to expand from USD 1.80 billion in 2023 to USD 3.07 billion by 2032, at a CAGR of 6.1% over the forecast period of 2024-2032.        

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.

Market Segmentation

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.

Weathering Steel Market By Segments

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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.

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.

Weathering Steel Market By Region

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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
  • JFE Steel Corporation 
  • POSCO 
  • SSAB AB
  • 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.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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 and Architecture
  • Industrial
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Arcelormittal
  • United States Steel Corporation (NYSE: X)
  • Nippon Steel Corporation
  • Tata Steel Limited
  • JFE Steel Corporation 
  • POSCO 
  • SSAB AB
  • BlueScope Steel Limited 
  • Others
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Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The global weathering steel market reached a value of USD 1.80 billion in 2023.

The market is projected to grow at a CAGR of nearly 6.1% in the forecast period of 2024-2032.

The market is estimated to reach a value of about USD 3.07 billion by 2032.

The major drivers of the market 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 leading to increased demand.

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 key players in the market include Arcelormittal, United States Steel Corporation (NYSE: X), Nippon Steel Corporation, Tata Steel Limited, JFE Steel Corporation, POSCO, SSAB AB, BlueScope Steel Limited, Others.

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