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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.
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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.
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.
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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:
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.
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.
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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:
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 | 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:
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Breakup by Availability |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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 S.A.
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 Nippon Steel Corporation
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 Tata Steel Europe Limited
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 POSCO
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 SSAB AB
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 BlueScope Steel Limited
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 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
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 S.A., United States Steel Corporation, Nippon Steel Corporation, Tata Steel Limited, Posco, SSAB AB, JFE Steel Corporation, and Bluescope Steel Limited, among others.
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 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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