Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 1.55 Billion |
| USD 3.37 Billion | |
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Global Weathering Steel Market Segmentation, By Type (Corten-A, Corten-B, Others), Form (Plates, Sheets, Bars, Coils, Rivets, and Stripes, Tubes), Availability (Painted, Unpainted), End User (Building and Construction, Transportation, Art and Architecture, Industrial) – Industry Trends and Forecast to 2032
According to a report by the Asian Development Bank, the region's rising economies in Asia and the Pacific will need to invest more than US$22.6 trillion on infrastructure by 2030, or US$1.5 trillion year, in order to maintain its current development rate. Estimates increase by more than US$ 26 trillion, or US$ 1.7 trillion annually. Consequently, increased investments in the infrastructure development will further boost the overall market’s growth over the forecasted period.
Global weathering steel market size was valued at USD 1.55 billion in 2024 and is projected to reach USD 3.37 billion by 2032, with a CAGR of 9.30% during the forecast period of 2025 to 2032.
Report Scope and Market Segmentation
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Attributes
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Weathering Steel Key Market Insights
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Segmentation
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Key Market Players
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Arcelor Mittal (Germany), NIPPON STEEL CORPORATION (Japan), Tata Steel (India), JFE Steel Corporation (Japan), Umicore (Belgium), Glencore (Switzerland), Jinchuan Group International Resources Co. Ltd (China), Huayou Cobalt Co., Ltd (China), Freeport Cobalt (Finland), Posco (South Korea), SSAB AB (Sweden), Sherritt International Corporation (Canada), SOLVAY (Belgium), DAIKIN (Japan), BHP (Australia), Eramet (France), Vale (Brazil), United States Steel Corporation (U.S.), Votorantim Metais SA (Brazil), and Sumitomo Corporation (Japan)
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Market Opportunities
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Weathering Steel Market Definition
Weathering steel also referred as low-alloy steel, has a carbon content of less than 0.2 weight percent and a maximum of 3–5 weight percent of alloying elements, primarily Cu, Ni, P, Cr, Si, and Mn. Weathering steel is different from other corrosion-resistant steel, including austenitic stainless steel, which doesn't rust.
Weathering Steel Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
In recent years, there has been a noticeable increase in the usage of weathering steels for the construction of new highway bridges. As unpainted steel is simpler to install and handle, there is no need to paint the steel, which results in a more than 10% reduction in construction costs. As the weathering steel corrodes at such a low rate, bridges made of it can easily outlast their 120-year design life with little upkeep. In actuality, weathering steel construction offers a wide range of further advantages, such as lower life cycle costs and increased safety. Additionally, the steel's weathering reduces the requirement for a protective paint system and shortens inspection cycles. Weathering steel is ideal for outdoor decorations and structures due to its exceptional qualities, which include high strength, resistance to corrosion, resistance to high temperatures, and resistance to fatigue.
The most popular and prevalent type of weathering steel is in the form of plates. In addition to giving buildings and other structures considerable strength, weathering steel plates also improve their aesthetic appeal. In settings with high temperatures and a lot of Sulphur, weathering plates are also used to increase the lifespan of metal. Another important use for weathering steel plate is in heavy-duty transportation. Extreme climatic conditions can have a negative impact on both railroad rolling stock and shipping containers. This makes weathering steel an attractive material since it starts the oxidation process only in a changing environment (wet or dry) and produces a thick layer of protective rust. Consequently, the high demand and usage of plate weathering steel boosts the overall market’s growth rate.
Furthermore, the global weathering steel market is expected to be driven by an increase in capital spending on infrastructure development as a result of robust economic expansion and population growth in both developing and developed nations. Weathering steel has a long shelf life and a nice appearance. The market for weathering steel is expected to increase as a result.
Opportunities
Furthermore, the increasing use of innovative materials and processes further extend profitable opportunities to the market players in the forecast period of 2025 to 2032. Additionally, the increasing investment in research and development by the manufacturer will further expand the future growth of the weathering steel market.
Restraints/Challenges
All building materials have certain applications that are restricted, and with weathering steel, specific situations can cause issues with long-term durability. In settings with a lot of chlorine, weathering steel shouldn't be used. The high concentration of corrosives prevalent in chlorine-rich settings will not be tolerated by the protective rust layer, resulting in early failure. In extreme circumstances, difficulties could result from the usage of de-icing salts on roads near steel that is weathering. Except for concentrated amounts that are applied to the surface of the weathering steel and are not permitted to be rinsed away by rain, their use is generally not a problem. In most cases, extensive rust staining on neighboring surfaces, particularly concrete, results from the initial surface weathering of exposed weathering steel. These drawbacks will create hindrances for the growth of the weathering steel market.
Weathering steel is prohibited in coastal areas and humid subtropical climates because it may cause the rusty covering to erode further rather than consolidate into a protective layer. Consequently, this will challenge the weathering steel market growth rate.
This weathering steel market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the weathering steel market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
The weathering steel market is segmented on the basis of type, form, availability and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
Form
Availability
End User
The weathering steel market is analyzed and market size insights and trends are provided by country, type, form, availability and end user as referenced above.
The countries covered in the weathering steel market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2025-2032. The market growth over this region is attributed to the increase in building enterprises within the region.
Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2025-2032, due to the increasing amount of investments in the construction of industrial, residential and architectural structures in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The weathering steel market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to weathering steel market.
Weathering Steel Market Leaders Operating in the Market Are:
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To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Weathering Steel Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Weathering Steel Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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