Weathering Steel Market Size, Share, Trends, Growth and Forecast 2032

Global Weathering Steel Market Insights

Zion Market Research has published a report on the global Weathering Steel Market, estimating its value at USD 1226.23 Million in 2023, with projections indicating that it will reach USD 2370.73 Million by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 7.6% over the forecast period 2024-2032.

The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Weathering Steel industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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Key Growth Drivers

In the past, players across the steel industry were making huge investments in process control and optimization but were lagging behind in digital technologies implementation in comparison to other sectors such as media or banking. Nonetheless, since the last few years, the established players in the steel sector are introducing new digital technologies and this is likely to pave a new way for the growth of weathering steel industry over the forecast period. Apparently, breakthroughs in analytics, automation, and mobile services in the weathering steel market will result in huge gains for the market over the coming years. Process digitization and AI along with prominent usage of IoT and cloud technology is likely to further add to the growth of the weathering steel industry over the forecast timeline.

Apart from this, beneficial features such as rust resistance as well as high tensile strength will reinforce the growth of weathering steel industry during the forecast period.

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Corten-B Weathering Steel Market To Register Massive Growth By 2032

The Corten- B Form segment is predicted to contribute lucratively towards the overall weathering steel industry over the forecast timeline. The segmental growth is credited to large-scale use of Corten-B steel in construction activities such as constructing bridges due to the robustness of the Form.

North America To Dominate Weathering Steel Market Expansion Over 2032

The growth of the regional market over the forecast period is credited to favorable initiatives launched by the U.S. administration to promote the production and demand for steel along with focusing on improving the infrastructure facility. Apart from this, Mexico being a low-cost steel manufacturer is likely to prompt the market growth in the North American sub-continent over the forecast period.

Global Weathering Steel Market: Segmentation

The study provides a decisive view of the weathering steel market by segmenting the market based on By Type, By Form, By Availability, By End-Use Industry And By Region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

By type segment analysis includes Corten-A, Corten-B, Others (A604, A606, etc.).

By form type segment analysis includes Plates, Sheets, Bars, Others (Coils, rivets, stripes, tubes, etc.)

By availability segment analysis includes Painted and Unpainted.

By end-Use industry segment analysis includes Building & Construction, Transportation. Art & Architecture, Industrial, Others (Decorative pieces and street lights).

The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Weathering Steel Market: Report Scope

Key participants involved in the weathering steel business and profiled i the report include such as:

• JFE Steel Corporation
• Nippon Steel & Sumitomo Metal Corporation
• United States Steel Corporation
• A. Zahner Company
• Tata Steel
• Arcelor Mittal
• SSAB AB
• Posco
• Bluescope Steel Limited
• HBIS Group.

The global weathering steel market is segmented as follows:

By Type

• Corten-A
• Corten-B
• Others (A604, A606, etc.)

By Form

• Plates
• Sheets
• Bars
• Others (Coils, rivets, stripes, tubes, etc.)

By Availability

• Painted
• Unpainted

By End-Use Industry industry

• Building & Construction
• Transportation
• Art & Architecture
• Industrial
• Others (Decorative pieces and street lights)

By Region

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa