Weathering Steel Trends and Forecast
The future of the global weathering steel market looks promising with opportunities in the building & construction, transportation, art & architecture, and industrial markets. The global weathering steel market is expected to reach an estimated $1.8 billion by 2030 with a CAGR of 8.2% from 2024 to 2030. The major drivers for this market are rise in infrastructure development projects, growing demand for corrosion-resistant steel, and increasing adoption of this steel in sculptures.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Weathering Steel by Segment
The study includes a forecast for the global weathering steel by type, form, availability, end use, and region.
Weathering Steel Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Corten-A
• Corten-B
• Others
Weathering Steel Market by Form [Shipment Analysis by Value from 2018 to 2030]:
• Plates
• Sheets
• Bars
• Others
Weathering Steel Market by Availability [Shipment Analysis by Value from 2018 to 2030]:
• Painted
• Unpainted
Weathering Steel Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Building & Construction
• Transportation
• Art & Architecture
• Industrial
• Others
Weathering Steel Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Weathering Steel Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies weathering steel companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the weathering steel companies profiled in this report include-
• Arcelor Mittal
• United States Steel
• Nippon Steel & Sumitomo Metal
• Tata Steel
• Posco
• SSAB
• JFE Steel
• Bluescope Steel
• HBIS
• A. Zahner
Weathering Steel Market Insights
Lucintel forecasts that corten-b will remain the larger segment over the forecast period.
Within this market, building & construction will remain the largest segment over the forecast period.
North America will remain the largest region over the forecast period.
Features of the Global Weathering Steel Market
Market Size Estimates: Weathering steel market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Weathering steel market size by various segments, such as by type, form, availability, end use, and region in terms of value ($B).
Regional Analysis: Weathering steel market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, forms, availabilities, end uses, and regions for the weathering steel market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the weathering steel market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the weathering steel market size?
Answer: The global weathering steel market is expected to reach an estimated $1.8 billion by 2030.
Q2. What is the growth forecast for weathering steel market?
Answer: The global weathering steel market is expected to grow with a CAGR of 8.2% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the weathering steel market?
Answer: The major drivers for this market are rise in infrastructure development projects, growing demand for corrosion-resistant steel, and increasing adoption of this steel in sculptures.
Q4. What are the major segments for weathering steel market?
Answer: The future of the weathering steel market looks promising with opportunities in the building & construction, transportation, art & architecture, and industrial markets.
Q5. Who are the key weathering steel market companies?
Answer: Some of the key weathering steel companies are as follows:
• Arcelor Mittal
• United States Steel
• Nippon Steel & Sumitomo Metal
• Tata Steel
• Posco
• SSAB
• JFE Steel
• Bluescope Steel
• HBIS
• A. Zahner
Q6. Which weathering steel market segment will be the largest in future?
Answer: Lucintel forecasts that corten-b will remain the larger segment over the forecast period.
Q7. In weathering steel market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the weathering steel market by type (corten-a, corten-b, and others), form (plates, sheets, bars, and others), availability (painted and unpainted), end use (building & construction, transportation, art & architecture, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Weathering Steel Market, Weathering Steel Market Size, Weathering Steel Market Growth, Weathering Steel Market Analysis, Weathering Steel Market Report, Weathering Steel Market Share, Weathering Steel Market Trends, Weathering Steel Market Forecast, Weathering Steel Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.