Market Overview:
The global weathering steel plate market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for weathering steel plates from various end-use industries, such as building and construction, transportation, art and architecture, industrial, and others. In terms of type, corten-A accounted for a major share of the global weathering steel plate market in 2017. However, corten-B is expected to grow at a higher CAGR during the forecast period owing to its superior properties as compared with corten-A. In terms of application, building and construction held a major share of the global weathering steel plate market in 2017; however, transportation is projected to grow at a higher CAGR during the forecast period owing to increasing demand for lightweight vehicles across different regions.
Product Definition:
Weathering steel plate is a type of steel that is designed to resist rust and corrosion. It is made from a blend of iron, carbon, and other metals that form a protective layer over the metal surface. This layer helps to prevent rust and corrosion from developing, making weathering steel plate ideal for use in outdoor environments.
Corten-A:
Corten-A is a form of hydrated iron oxide. It has high demand in the construction industry as it can be applied to steel structures to improve their resistance to weathering and rusting. Corten-A has various properties such as low water absorption, easy removal, non-toxic & no odor, high strength & stiffness at low cost which makes it suitable for application on exterior walls of buildings or bridges.
Corten-B:
Corten-B is a manganese based iron oxide, which has high carbon content. It is produced by the thermal decomposition of amorphous Manganese dioxide at 1,1400°C for 2-3 hours. Corten steel contains about 15% higher carbon than normal crude steel and has excellent weldability & forming characteristics due to its high temperature resistant nature.
Application Insights:
Building and construction was the largest application segment in 2017, accounting for a market share of more than 50%. The weathering steel plate is widely used in buildings and bridges to withstand wind, rain and snow. It is also used to reduce the energy consumption during its lifespan by reducing heat loss from windows and walls.
The art and architecture application segment was valued over USD 1.5 billion in 2017 owing to aesthetic value addition desired with regard to color, surface finish, etc., by architects & designers worldwide. Weathering steel plates are further utilized by architects as a component of exterior wall systems or as an interior feature such as decorative beams or columns within structures designed by them.
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and urbanization in the region. In addition, increasing infrastructure activities in emerging economies such as China and India are expected to drive the demand for weathering steel plates over the forecast period.
The construction industry in Europe has witnessed significant growth since 2010, which can be attributed to various factors including growing population, rising disposable income of consumers and increased government spending on infrastructural development projects such as roads and railways network expansion. Moreover, stringent regulations by governing bodies like European Commission (EC) regarding energy efficiency have resulted in an increased adoption of weathering steel plates for building exteriors across Europe over the past few years.
Growth Factors:
- Increasing demand from construction and infrastructure sectors
- Rising awareness about the benefits of weathering steel plate among consumers
- Growing use of weathering steel plate in automotive applications
- Technological advancements in the manufacturing process of weathering steel plate
- Rising demand from emerging economies
Scope Of The Report
Report Attributes
Report Details
Report Title
Weathering Steel Plate Market Research Report
By Type
Corten-A, Corten-B, Others
By Application
Building and Construction, Transportation, Art and Architecture, Industrial, Others
By Companies
Arcelor Mittal, United States Steel Corporation, Tata Steel, Posco, SSAB AB, JFE Steel Corporation, Bluescope Steel Limited, HBIS Group
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Weathering Steel Plate Market Report Segments:
The global Weathering Steel Plate market is segmented on the basis of:
Types
Corten-A, Corten-B, Others
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
Building and Construction, Transportation, Art and Architecture, Industrial, Others
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:
- Arcelor Mittal
- United States Steel Corporation
- Tata Steel
- Posco
- SSAB AB
- JFE Steel Corporation
- Bluescope Steel Limited
- HBIS Group
Highlights of The Weathering Steel Plate 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:
- Corten-A
- Corten-B
- Others
- By Application:
- Building and Construction
- Transportation
- Art and Architecture
- Industrial
- Others
- 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 Plate 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 plate is a process that causes the surface of the steel to wear away. Weathering can take place in air, water, or soil. The most common cause of weathering on steel is exposure to air and moisture.
Some of the key players operating in the weathering steel plate market are Arcelor Mittal, United States Steel Corporation, Tata Steel, Posco, SSAB AB, JFE Steel Corporation, Bluescope Steel Limited, HBIS Group.
The weathering steel plate market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Weathering Steel Plate Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Weathering Steel Plate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Weathering Steel Plate Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Weathering Steel Plate Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Weathering Steel Plate Market Size & Forecast, 2020-2028
4.5.1 Weathering Steel Plate Market Size and Y-o-Y Growth
4.5.2 Weathering Steel Plate Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Corten-A
5.2.2 Corten-B
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Building and Construction
6.2.2 Transportation
6.2.3 Art and Architecture
6.2.4 Industrial
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Weathering Steel Plate Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Weathering Steel Plate Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Corten-A
9.6.2 Corten-B
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Building and Construction
9.10.2 Transportation
9.10.3 Art and Architecture
9.10.4 Industrial
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Corten-A
10.6.2 Corten-B
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Building and Construction
10.10.2 Transportation
10.10.3 Art and Architecture
10.10.4 Industrial
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Corten-A
11.6.2 Corten-B
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Building and Construction
11.10.2 Transportation
11.10.3 Art and Architecture
11.10.4 Industrial
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Corten-A
12.6.2 Corten-B
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Building and Construction
12.10.2 Transportation
12.10.3 Art and Architecture
12.10.4 Industrial
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Corten-A
13.6.2 Corten-B
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Building and Construction
13.10.2 Transportation
13.10.3 Art and Architecture
13.10.4 Industrial
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Weathering Steel Plate Market: Competitive Dashboard
14.2 Global Weathering Steel Plate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Arcelor Mittal
14.3.2 United States Steel Corporation
14.3.3 Tata Steel
14.3.4 Posco
14.3.5 SSAB AB
14.3.6 JFE Steel Corporation
14.3.7 Bluescope Steel Limited
14.3.8 HBIS Group
