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Weathering Steel Market Report and Forecast 2024-2032

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    Report

  • 173 Pages
  • December 2023
  • Region: Global
  • Expert Market Research
  • ID: 5926175
Global Weathering Steel Market Report and Forecast 2024-2032

Market Outlook

According to the report the global weathering steel market is projected to grow at a CAGR of 6.1% between 2024 and 2032 to reach a value of about USD 3.07 billion by 2032.. Aided by the rising applications in infrastructure and architectural sectors coupled with its eco-friendly properties, the market is expected to grow significantly by 2032.

Weathering steel, commonly referred to as 'corten steel', is a high-strength, low-alloy steel variant characterised by its unique rust-like appearance and inherent resistance to atmospheric corrosion. Unlike conventional steel, weathering steel forms a protective rust patina that significantly reduces the need for regular painting and maintenance, making it an ideal choice for structures exposed to external environments. As such, it's widely used in bridges, railways, facades, sculptures, and various architectural applications.

One of the key drivers behind the global weathering steel market growth is the mounting demand for low-maintenance and long-lasting materials in construction and infrastructural projects. The intrinsic corrosion resistance property of weathering steel reduces the overall maintenance cost and elongates the lifespan of structures, offering significant cost advantages in the long run.

In accordance with the weathering steel market analysis, the sustainable and eco-friendly nature of weathering steel is contributing to its rising popularity. Given the global push towards sustainable infrastructure, materials that minimise environmental impact are increasingly in demand. Weathering steel, by eliminating the need for paint and other coatings, reduces environmental concerns linked to volatile organic compound (VOC) emissions, setting it apart from its counterparts.

The architecture sector, particularly, is emerging to be one of the major sectors boosting the weathering steel market demand. Its distinctive rusted appearance provides a rustic and contemporary charm, which has found favour in modern architectural designs, including facades, interior designs, and public sculptures.

The transportation sector also presents lucrative opportunities for the weathering steel market. Its inherent properties make it an excellent material choice for manufacturing railway vehicles, bridges, and signal towers. These applications not only demand the structural strength offered by steel but also require materials resistant to the wear and tear of outdoor environments.

Market Segmentation

The market can be divided based on availability, end use, and region.

Market Breakup by Availability

  • Painted
  • Unpainted

Market Breakup by End Use

  • Building and Construction
  • Transportation
  • Art and Architecture
  • Industrial
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global weathering steel market. Some of the major players explored in the report are as follows:
  • ArcelorMittal S.A.
  • Nippon Steel Corporation
  • Tata Steel Europe Limited
  • POSCO
  • SSAB AB
  • BlueScope Steel Limited
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Weathering Steel Market Analysis
8.1 Key Industry Highlights
8.2 Global Weathering Steel Historical Market (2018-2023)
8.3 Global Weathering Steel Market Forecast (2024-2032)
8.4 Global Weathering Steel Market by Availability
8.4.1 Painted
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Unpainted
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Weathering Steel Market by End Use
8.5.1 Building and Construction
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Transportation
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Art and Architecture
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Industrial
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Weathering Steel Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Weathering Steel Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Weathering Steel Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Weathering Steel Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Weathering Steel Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Weathering Steel Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code-72253)
16.1 Major Exporting Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Importing Countries
16.2.1 By Value
16.2.2 By Volume
17 Price Analysis
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 ArcelorMittal S.A.
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Nippon Steel Corporation
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Tata Steel Europe Limited
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 POSCO
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 SSAB AB
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 BlueScope Steel Limited
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Weathering Steel Market: Key Industry Highlights, 2018 and 2032
2. Global Weathering Steel Historical Market: Breakup by Availability (USD Million), 2018-2023
3. Global Weathering Steel Market Forecast: Breakup by Availability (USD Million), 2024-2032
4. Global Weathering Steel Historical Market: Breakup by End Use (USD Million), 2018-2023
5. Global Weathering Steel Market Forecast: Breakup by End Use (USD Million), 2024-2032
6. Global Weathering Steel Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Weathering Steel Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Weathering Steel Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Weathering Steel Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Weathering Steel Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Weathering Steel Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Weathering Steel Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Weathering Steel Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Weathering Steel Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Weathering Steel Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Weathering Steel Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Weathering Steel Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Major Exporting Countries by Value19. Major Importing Countries by Value20. Major Exporting Countries by Volume21. Major Importing Countries by Volume22. Historical Price Trends and Forecast 2018-202823. Global Weathering Steel Market Structure

Companies Mentioned

  • ArcelorMittal S.A.
  • United States Steel Corporation
  • Nippon Steel Corporation
  • Tata Steel Limited
  • Posco
  • SSAB AB
  • JFE Steel Corporation
  • Bluescope Steel Limited

Methodology

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