The global weathering steel market is expected to grow at a CAGR of 4.5% during the forecast period, from 2021 to 2030. The growth of this market is attributed to the increasing demand for corrosion resistant steel in various applications such as marine transportation, bridge, railway and building. The demand for corrosion resistant steel is also driven by the need for sustainable construction materials that are eco-friendly and cost-effective.
The global weathering steel market has been segmented on the basis of type (ASTM A 242, ASTM A 588), application (marine transportation, bridge, railway and building) and region (North America, Latin America, Europe Asia Pacific and Middle East & Africa). North America accounted for a share of around 40% in 2017 owing to its high adoption rate in various applications such as marine transportation due to its high resistance against corrosion caused by salt water exposure. Asia Pacific accounted for a share of around 25% owing to its growing economy which has led it towards adopting new technologies that are eco-friendly and cost-effective like weathering steel which can be used without any painting or coating process required after fabrication.
- Weathering steel is a type of steel that has been exposed to the elements for a long period of time, which causes it to rust and form a protective layer.
- The material is used in construction because it is durable and can withstand harsh weather conditions.
- It is also resistant to corrosion, making it an ideal material for outdoor use such as bridges, buildings, and other structures that are exposed to the elements on a regular basis.
- The material's durability makes it an attractive option for architects who want their buildings to last longer than those made with other materials like concrete or wood; this means less maintenance costs over time and more savings in the long run for building owners or managers who choose weathering steel over other materials when constructing their buildings or bridges.
- Weathering steel can be recycled into new products after its useful life has ended; this reduces waste from construction projects while also reducing the need for mining raw materials like iron ore from the earth's surface in order to produce new metal products.
Industry Growth Insights published a new data on “Weathering Steel Market”. The research report is titled “Weathering Steel Market research by Types (ASTM A 242, ASTM A 588, Other), By Applications (Marine Transportation, Bridge, Railway, Building, Other), By Players/Companies Nippon Steel, Hebei Iron and Steel, ArcelorMittal, Meishan Iron and Steel (Baosteel), Ansteel, POSCO, JFE, TATA, SSAB”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Weathering Steel Market Research Report
By Type
ASTM A 242, ASTM A 588, Other
By Application
Marine Transportation, Bridge, Railway, Building, Other
By Companies
Nippon Steel, Hebei Iron and Steel, ArcelorMittal, Meishan Iron and Steel (Baosteel), Ansteel, POSCO, JFE, TATA, SSAB
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Weathering Steel Market Report Segments:
The global Weathering Steel market is segmented on the basis of:
Types
ASTM A 242, ASTM A 588, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Marine Transportation, Bridge, Railway, Building, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nippon Steel
- Hebei Iron and Steel
- ArcelorMittal
- Meishan Iron and Steel (Baosteel)
- Ansteel
- POSCO
- JFE
- TATA
- SSAB
Highlights of The Weathering Steel Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- ASTM A 242
- ASTM A 588
- Other
- By Application:
- Marine Transportation
- Bridge
- Railway
- Building
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Weathering Steel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Weathering steel is a process that causes the metal to lose its original shine and luster. The metal may also develop rust spots or other surface blemishes. Weathering steel is caused by exposure to air, water, and other elements.
Some of the major companies in the weathering steel market are Nippon Steel, Hebei Iron and Steel, ArcelorMittal, Meishan Iron and Steel (Baosteel), Ansteel, POSCO, JFE, TATA, SSAB.
The weathering steel market is expected to register a CAGR of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Weathering Steel Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Weathering Steel Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Weathering Steel Market - Supply Chain
4.5. Global Weathering Steel Market Forecast
4.5.1. Weathering Steel Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Weathering Steel Market Size (000 Units) and Y-o-Y Growth
4.5.3. Weathering Steel Market Absolute $ Opportunity
5. Global Weathering Steel Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Weathering Steel Market Size and Volume Forecast by Type
5.3.1. ASTM A 242
5.3.2. ASTM A 588
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Weathering Steel Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Weathering Steel Market Size and Volume Forecast by Application
6.3.1. Marine Transportation
6.3.2. Bridge
6.3.3. Railway
6.3.4. Building
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Weathering Steel Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Weathering Steel Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Weathering Steel Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Weathering Steel Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Weathering Steel Demand Share Forecast, 2019-2026
9. North America Weathering Steel Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Weathering Steel Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Weathering Steel Market Size and Volume Forecast by Application
9.4.1. Marine Transportation
9.4.2. Bridge
9.4.3. Railway
9.4.4. Building
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Weathering Steel Market Size and Volume Forecast by Type
9.7.1. ASTM A 242
9.7.2. ASTM A 588
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Weathering Steel Demand Share Forecast, 2019-2026
10. Latin America Weathering Steel Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Weathering Steel Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Weathering Steel Market Size and Volume Forecast by Application
10.4.1. Marine Transportation
10.4.2. Bridge
10.4.3. Railway
10.4.4. Building
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Weathering Steel Market Size and Volume Forecast by Type
10.7.1. ASTM A 242
10.7.2. ASTM A 588
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Weathering Steel Demand Share Forecast, 2019-2026
11. Europe Weathering Steel Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Weathering Steel Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Weathering Steel Market Size and Volume Forecast by Application
11.4.1. Marine Transportation
11.4.2. Bridge
11.4.3. Railway
11.4.4. Building
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Weathering Steel Market Size and Volume Forecast by Type
11.7.1. ASTM A 242
11.7.2. ASTM A 588
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projectons by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Weathering Steel Demand Share, 2019-2026
12. Asia Pacific Weathering Steel Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Weathering Steel Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Weathering Steel Market Size and Volume Forecast by Application
12.4.1. Marine Transportation
12.4.2. Bridge
12.4.3. Railway
12.4.4. Building
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Weathering Steel Market Size and Volume Forecast by Type
12.7.1. ASTM A 242
12.7.2. ASTM A 588
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Weathering Steel Demand Share, 2019-2026
13. Middle East & Africa Weathering Steel Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Weathering Steel Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Weathering Steel Market Size and Volume Forecast by Application
13.4.1. Marine Transportation
13.4.2. Bridge
13.4.3. Railway
13.4.4. Building
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Weathering Steel Market Size and Volume Forecast by Type
13.7.1. ASTM A 242
13.7.2. ASTM A 588
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Weathering Steel Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Weathering Steel Market: Market Share Analysis
14.2. Weathering Steel Distributors and Customers
14.3. Weathering Steel Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Nippon Steel
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Hebei Iron and Steel
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. ArcelorMittal
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Meishan Iron and Steel (Baosteel)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Ansteel
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. POSCO
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. JFE
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. TATA
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. SSAB
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
