Global Weathering Steel Market Size, Forecasts, And Opportunities – Includes Weathering Steel Market Demand
Learn about the global weathering steel market through The Business Research Company, which provides information on weathering steel market size, weathering steel market drivers and restraints, weathering steel market players, the COVID-19 impact on the weathering steel market, and more.
The global weathering steel market size is expected to grow from $1.10 billion in 2021 to $1.18 billion in 2022 at a compound annual growth rate (CAGR) of 7.73%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global weathering steel market size is expected to reach $1.70 billion in 2026 at a CAGR of 9.48%.
The rapidly growing construction and transportation industry will drive the growth of the weathering steel market.
Request A Sample For The Global Weathering Steel Market Report:
The weathering steel market consists of sales of weathering steel by entities (organizations, sole traders, and partnerships) that refer to a type of high-strength steel alloy that develops a protective oxide film on its surface. Weathering steel is being used for exposed steel buildings because it outlasts plain carbon steel under outdoor environments. This will eliminate the need for steel repainting and recoating on a regular basis. It is also used for structural steelwork in bridges, and roadside furniture.
Global Weathering Steel Market Segments Include:
By Type: Corten-A, Corten-B, Others
By Form: Plates, Sheets, Bars, Others
By Availability: Painted, Unpainted
By End-Use: Building and Construction, Transportation, Art and Architecture, Industrial, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the weathering steel market in 2021.
Technological advancement is a key trend gaining popularity in the weathering steel market.
Major Market Players: Arcelor Mittal, United States Steel Corporation, Nippon Steel & Sumitomo Metal Corporation, Tata Steel Ltd., Posco, SSAB AB, JFE Steel Corporation, Bluescope Steel Limited, HBIS Group, A. Zahner Company, Metal Sales Manufacturing Corporation, Henan Gang Iron and Steel Co. Ltd., Masteel UK, Cascadia Metal, Triton, and Amardeep Steel.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Weathering Steel Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides weathering steel market overviews, analyzes and forecasts market size, share, weathering steel market players, weathering steel market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s weathering steel market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Here Is A List Of Similar Reports From The Business Research Company:
Interested To Know More About The Business Research Company?
The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.
Read more about us at https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Follow us on LinkedIn: https://in.linkedin.com/company/the-business-research-company
Follow us on Twitter: https://twitter.com/tbrc_info
Check out our Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: