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Weathering Steel Market

Global Weathering Steel Market Size, Share, Growth, Analysis: By Availability: Painted, Unpainted; By End Use: Building and Construction, Transportation, Art and Architecture, Industrial, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Value Chain Analysis; Competitive Landscape; 2024-2032

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
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.

 

*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.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Weathering Steel Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Weathering Steel Historical Market (2018-2023) 
    8.3    Global Weathering Steel Market Forecast (2024-2032)
    8.4    Global Weathering Steel Market by Availability
        8.4.1    Painted
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Unpainted
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Weathering Steel Market by End Use
        8.5.1    Building and Construction
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Transportation
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Art and Architecture
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Industrial
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Others
    8.6    Global Weathering Steel Market by Region
      8.6.1    North America
          8.6.1.1    Historical Trend (2018-2023) 
          8.6.1.2    Forecast Trend (2024-2032)
      8.6.2    Europe
          8.6.2.1    Historical Trend (2018-2023) 
          8.6.2.2    Forecast Trend (2024-2032)
      8.6.3    Asia Pacific
          8.6.3.1    Historical Trend (2018-2023) 
          8.6.3.2    Forecast Trend (2024-2032)
      8.6.4    Latin America
          8.6.4.1    Historical Trend (2018-2023) 
          8.6.4.2    Forecast Trend (2024-2032)
      8.6.5    Middle East and Africa
          8.6.5.1    Historical Trend (2018-2023) 
          8.6.5.2    Forecast Trend (2024-2032)
9    North America Weathering Steel Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Weathering Steel Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5   Others
11    Asia Pacific Weathering Steel Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Weathering Steel Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Weathering Steel Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis 
16    Trade Data  Analysis (HS Code-72253)

    16.1    Major Exporting Countries
        16.1.1    By Value
        16.1.2    By Volume
    16.2    Major Importing Countries
        16.2.1    By Value
        16.2.2    By Volume 
17    Price Analysis
18    Competitive Landscape

    18.1    Market Structure
    18.2    Company Profiles
        18.2.1    Arcelormittal
            18.2.1.1    Company Overview
            18.2.1.2    Product Portfolio
            18.2.1.3    Demographic Reach and Achievements
            18.2.1.4    Certifications
        18.2.2    United States Steel Corporation (NYSE: X)
            18.2.2.1    Company Overview
            18.2.2.2    Product Portfolio
            18.2.2.3    Demographic Reach and Achievements
            18.2.2.4    Certifications
        18.2.3    Nippon Steel Corporation
            18.2.3.1    Company Overview
            18.2.3.2    Product Portfolio
            18.2.3.3    Demographic Reach and Achievements
            18.2.3.4    Certifications
        18.2.4    Tata Steel Limited
            18.2.4.1    Company Overview
            18.2.4.2    Product Portfolio
            18.2.4.3    Demographic Reach and Achievements
            18.2.4.4    Certifications
        18.2.5    JFE Steel Corporation
            18.2.5.1    Company Overview
            18.2.5.2    Product Portfolio
            18.2.5.3    Demographic Reach and Achievements
            18.2.5.4    Certifications
        18.2.6    POSCO
            18.2.6.1    Company Overview
            18.2.6.2    Product Portfolio
            18.2.6.3    Demographic Reach and Achievements
            18.2.6.4    Certifications
        18.2.7    SSAB AB
            18.2.7.1    Company Overview
            18.2.7.2    Product Portfolio
            18.2.7.3    Demographic Reach and Achievements
            18.2.7.4    Certifications
        18.2.8    BlueScope Steel Limited
            18.2.8.1    Company Overview
            18.2.8.2    Product Portfolio
            18.2.8.3    Demographic Reach and Achievements
            18.2.8.4    Certifications
        18.2.9    Others
19    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Weathering Steel Market: Key Industry Highlights, 2018 and 2032
2.    Global Weathering Steel Historical Market: Breakup by Availability (USD Million), 2018-2023
3.    Global Weathering Steel Market Forecast: Breakup by Availability (USD Million), 2024-2032
4.    Global Weathering Steel Historical Market: Breakup by End Use (USD Million), 2018-2023
5.    Global Weathering Steel Market Forecast: Breakup by End Use (USD Million), 2024-2032
6.    Global Weathering Steel Historical Market: Breakup by Region (USD Million), 2018-2023
7.    Global Weathering Steel Market Forecast: Breakup by Region (USD Million), 2024-2032
8.    North America Weathering Steel Historical Market: Breakup by Country (USD Million), 2018-2023
9.    North America Weathering Steel Market Forecast: Breakup by Country (USD Million), 2024-2032
10.    Europe Weathering Steel Historical Market: Breakup by Country (USD Million), 2018-2023
11.    Europe Weathering Steel Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Asia Pacific Weathering Steel Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Asia Pacific Weathering Steel Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Latin America Weathering Steel Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Latin America Weathering Steel Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Middle East and Africa Weathering Steel Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Middle East and Africa Weathering Steel Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Major Exporting Countries by Value
19.    Major Importing Countries by Value
20.    Major Exporting Countries by Volume
21.    Major Importing Countries by Volume
22.    Historical Price Trends and Forecast 2018-2028
23.    Global Weathering Steel Market Structure

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.

Analyst Review

The global weathering steel market attained a value of USD 1.80 billion in 2023, 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 2024-2032, growing at a CAGR of 6.1%. The industry is projected to reach USD 3.07 billion by 2032.

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, United States Steel Corporation (NYSE: X), Nippon Steel Corporation, Tata Steel Limited, JFE Steel Corporation, POSCO, SSAB AB, BlueScope Steel Limited, 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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