Weathering Steel - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Weathering Steel Market is accounted for $0.91 billion in 2018 and is expected to reach $2.29 billion by 2027 growing at a CAGR of 10.8% during the forecast period. High growth in the infrastructure segment and long shelf life with low maintenance cost are the major factors driving the market growth. However, inferior performance in damp conditions and easy availability of cheaper substitutes are restraining market growth.
Weathering steel, often referred to by the genericized trademark COR-TEN steel and sometimes written without the hyphen as corten steel, is a group of steel alloys which were developed to eliminate the need for painting, and form a stable rust-like appearance after several years' exposure to weather.
Based on the end-user, the building & construction segment is likely to have a huge demand owing to specific application areas, increasing investments, and undertaking of infrastructure growth in emerging nations such as China, and India. By geography, North America is going to have a lucrative growth during the forecast period owing to the high demand of steel from the U.S., Canada, and Mexico and high demand from end-use industries of medical, aerospace & defence, electronics, automotive, and others.
Some of the key players profiled in the Weathering Steel Market include ArcelorMittal, United States Steel Corporation, Nippon Steel & Sumitomo Metal Corporation, Tata Steel, Posco, SSAB AB, JFE Steel Corporation, Bluescope Steel Limited, HBIS Group, A. Zahner Company, and Metal Sales Manufacturing Corporation.
• Corten-B (ASTM A 588)
• Corten-A (ASTM A 242)
• Other Types
• Other Forms
End Users Covered:
• Art & Architecture
• Building & Construction
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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