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Weathering Steel Market by Type (Corten-A, Corten-B), Form (Sheets, Plates, Bars), Availability (Painted, Unpainted), End-Use Industry (Building & Construction, Transportation, Art & Architecture, Industrial), Region - Global Forecast to 2024

  • ID: 4773691
  • Report
  • Region: Global
  • 151 Pages
  • Markets and Markets
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The Weathering Steel Market is Projected to Grow at a CAGR of 8.8% Between 2019 and 2024

FEATURED COMPANIES

  • A Zahner Company
  • Bluescope Steel Limited
  • Cooper & Turner Ltd
  • Kloeckner UK Holdings Ltd
  • Posco
  • Tubeco, Inc
  • MORE

The weathering steel market is estimated to be USD 1.0 billion and is projected to reach USD 1.6 billion by 2024, at a CAGR of 8.8% from 2019 to 2024. Key factors expected to drive the weathering steel market include increasing applications of weathering steel in structural & architectural applications, railway wagons & transportation, and outdoor construction & architectural sculptures. Along with this, the use of weathering steel in high temperature, corrosive environments such as high chimneys, heat exchanger plates, and baskets are also expected to boost the demand for weathering steel in the near future.

Corten-B is the dominant type which is likely to drive the market for weathering steel market during the forecast period

Due to the high strength and load-bearing properties of Corten-B, it is used widely in structural applications such as buildings and bridges. Also, it is used in the majority of the rolled structural shapes for building applications. Corten-B is used in the majority of the rolled architectural forms available in weathering steel and is considered the base specification for use in building applications. On account of all these factors, the segment is expected to grow at an impressive CAGR over the forecast period.

Improved corrosion resistant and higher strength make weathering steel plates an ideal choice for use in structural and architectural applications

Plates are the dominant and most widely used form of weathering steel. Plates are used to create flat panels, cassettes, blades, solar shading elements, framing, profiled sheets, and a range of other applications.  On account of its improved corrosion resistant property and higher strength, weathering steel plates are widely used in structural and architectural applications. ASTM A588, A242, and A709-50W grades are used generally in plate form. Weathering plates are employed in high temperature and sulfur-rich environments to extend the lifetime of metal. Heat exchanger units, air preheater, and gas-gas heater are some of the examples of such applications where weathering plates are widely employed. At a temperature range of 100 degrees, Celsius to 160 degrees Celsius weathering steel withstands flue gas conditions better than carbon steel.

Asia Pacific occupied for the majority of the market share in 2019 and is projected to witness the fastest growth during the forecast period

The Asia Pacific region is the largest and fastest-growing market for weathering steel. Weathering steel is used all over the Asia Pacific in bridges, rail and road networks. Japan, China, South Korea, Taiwan, India, and Rest of Asia Pacific are considered in this regional market analysis. Increasing infrastructure spending in China and India are expected to drive the growth of the market in the region during the forecast period.

Breakdown of primary interviews for the report on the weathering steel market

  • By Company Type – Tier 1 – 20 %, Tier 2 –45 %, and Tier 3 – 35 %
  • By Designation – C-Level – 20 %, Director Level – 25 % and Others – 55 %
  • By Region – Europe - 50 %, North America – 20 %, Asia Pacific – 15 %, South America - 10 % Middle East & Africa – 5 %

The leading weathering steel manufacturers, globally, profiled in this report are Arcelor Mittal (Germany), United States Steel Corporation (US), Nippon Steel & Sumitomo Metal Corporation (Japan), Tata Steel (India), Posco (South Korea), SSAB AB (Sweden), JFE Steel Corporation (Japan), Bluescope Steel Limited  (Australia), HBIS Group (China) and A. Zahner Company (US) and others.

Research Coverage:
The report covers the weathering steel market based on type, form, availability, end-use industry, and region. This report aims at estimating the size and future growth potential of the weathering steel market across various segmentation types. The report also includes an in-depth competitive analysis of the key market players, along with their profiles and key growth strategies.

Key Benefits of Buying the Report:
From an insight perspective, this report has been focusing on various levels of analyses, which include industry analysis (industry trends) and company profiles. These insights together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the weathering steel market, high-growth regions, and drivers, restraints, opportunities, and challenges in the weathering steel market.

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on various types of weathering steel offered by top players operating in the weathering steel market.
  • Product Development/Innovation: A detailed insight into upcoming weathering steel type & form, R&D activities, and new applications in various end-use industries in the weathering steel market.
  • Market Development: Comprehensive information about the lucrative and emerging markets. The report analyzes the markets for weathering steel across different regions.
  • Market Diversification: An exhaustive information about new products, untapped geographies, recent developments, and investments in the weathering steel market.
  • Competitive Assessment: In-depth assessment of strategies, products, and manufacturing capabilities of leading players in the weathering steel market.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • A Zahner Company
  • Bluescope Steel Limited
  • Cooper & Turner Ltd
  • Kloeckner UK Holdings Ltd
  • Posco
  • Tubeco, Inc
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Unit
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Research Assumptions and Limitations
2.4.1 Assumptions
2.4.2 Limitations

3 Premium Insights
3.1 Attractive Opportunities in Weathering Steel Market
3.2 Weathering Steel Market, By Type
3.3 Weathering Steel Market, By End-Use Industry
3.4 Weathering Steel Market, By Region
3.5 Asia Pacific Weathering Steel Market, By Country and Availability

4 Executive Summary

5 Market Overview
5.1 Market Dynamics
5.1.1 Drivers
5.1.1.1 Long Shelf Life With Low Maintenance Cost
5.1.1.2 Growth of the Infrastructure Segment
5.1.1.3 Growing Use of Weathering Steel in Sculptures in Western Regions
5.1.2 Restraints
5.1.2.1 Fluctuation in Raw Material Prices of Steel
5.1.2.2 Inferior Performance in Damp Conditions
5.1.2.3 Lack of Awareness and Knowledge About the Use of Weathering Steel
5.1.3 Opportunities
5.1.3.1 Increasing Opportunities in Various Emerging Economies
5.1.4 Challenges
5.1.4.1 Trade War Between China and the Us
5.1.4.2 Dealing With Overcapacity of Steel
5.2 Porter’s Five Forces Analysis
5.2.1 Bargaining Power of Suppliers
5.2.2 Threat of New Entrants
5.2.3 Threat of Substitutes
5.2.4 Bargaining Power of Buyers
5.2.5 Intensity of Competitive Rivalry

6 Weathering Steel Market, Dive
6.1 Introduction
6.1.1 Visionaries
6.1.2 Innovators
6.1.3 Dynamic Differentiators
6.1.4 Emerging Companies
6.2 Ranking of Key Market Players in the Weathering Steel Market

7 Weathering Steel Market, By Availability
7.1 Introduction
7.2 Unpainted
7.3 Painted

8 Weathering Steel Market, By End-Use Industry
8.1 Introduction
8.2 Building & Construction
8.3 Transportation
8.4 Art & Architecture
8.5 Industrial
8.6 Others

9 Company Profiles
9.1 Arcelormittal
9.1.1 Business Overview
9.1.2 Products Offered
9.1.3 SWOT Analysis
9.1.4 MnM View
9.2 United States Steel Corporation
9.2.1 Business Overview
9.2.2 Products Offered
9.2.3 Recent Developments
9.2.4 SWOT Analysis
9.2.5 MnM View
9.3 Nippon Steel & Sumitomo Metal Corporation
9.3.1 Business Overview
9.3.2 Products Offered
9.3.3 Recent Developments
9.3.4 SWOT Analysis
9.3.5 MnM View
9.4 Tata Steel
9.4.1 Business Overview
9.4.2 Products Offered
9.4.3 Recent Developments
9.4.4 SWOT Analysis
9.4.5 MnM View
9.5 Posco
9.5.1 Business Overview
9.5.2 Products Offered
9.5.3 Recent Developments
9.5.4 SWOT Analysis
9.5.5 MnM View
9.6 SSAB AB
9.6.1 Business Overview
9.6.2 Products Offered
9.6.3 Recent Developments
9.6.4 SWOT Analysis
9.6.5 MnM View
9.7 JFE Steel Corporation
9.7.1 Business Overview
9.7.2 Products Offered
9.7.3 SWOT Analysis
9.7.4 MnM View
9.8 Bluescope Steel Limited
9.8.1 Business Overview
9.8.2 Products Offered
9.8.3 SWOT Analysis
9.8.4 MnM View
9.9 HBIS Group
9.9.1 Business Overview
9.9.2 Products Offered
9.9.3 SWOT Analysis
9.9.4 MnM View
9.10 A. Zahner Company
9.10.1 Business Overview
9.10.2 Products Offered
9.10.3 SWOT Analysis
9.10.4 MnM View
9.11 Metal Sales Manufacturing Corporation
9.11.1 Business Overview
9.11.2 Products Offered
9.11.3 SWOT Analysis
9.11.4 MnM View
9.12 Other Key Players
9.12.1 Liberty House Group
9.12.2 Tubeco, Inc.
9.12.3 Conquest Steel and Alloys
9.12.4 Shanghai Metal Corporation
9.12.5 Pushpak Steel & Engineering Co.
9.12.6 Kloeckner UK Holdings Ltd.
9.12.7 Amardeep Steel
9.12.8 Henan Gang Iron and Steel Co., Ltd. (Gangsteel)
9.12.9 Zekelman Industries
9.12.10 Johnson Brothers Metal Forming Co.
9.12.11 Weathering Steel Company
9.12.12 Nlmk
9.12.13 Champak Steel & Engg. Co.
9.12.14 Cooper & Turner Ltd.

List of Tables
Table 1 Weathering Steel Market Snapshot
Table 2 Weathering Steel Market, By Availability, 2017–2024 (USD Million)
Table 3 Weathering Steel Market, By Availability, 2017–2024 (Kilotons)
Table 4 Unpainted Weathering Steel Market, By Region, 2017–2024 (USD Million)
Table 5 Unpainted Weathering Steel Market, By Region, 2017–2024 (Kilotons)
Table 6 Painted Weathering Steel Market, By Region, 2017–2024 (USD Million)
Table 7 Painted Weathering Steel Market, By Region, 2017–2024 (Kilotons)
Table 8 Weathering Steel Market, By End-Use Industry, 2017–2024 (USD Million)
Table 9 Weathering Steel Market, By End-Use Industry, 2017–2024 (Kilotons)
Table 10 Weathering Steel Market in Building & Construction, By Region, 2017–2024 (USD Million)
Table 11 Weathering Steel Market in Building & Construction, By Region, 2017–2024 (Kilotons)
Table 12 Weathering Steel Market in Transportation, By Region, 2017–2024 (USD Million)
Table 13 Weathering Steel Market in Transportation, By Region, 2017–2024 (Kilotons)
Table 14 Weathering Steel Market in Art & Architecture, By Region, 2017–2024 (USD Million)
Table 15 Weathering Steel Market in Art & Architecture, By Region, 2017–2024 (Kilotons)
Table 16 Weathering Steel Market in Industrial, By Region, 2017–2024 (USD Million)
Table 17 Weathering Steel Market in Industrial, By Region, 2017–2024 (Kilotons)
Table 18 Weathering Steel Market in Other End-Use Industries, By Region, 2017–2024 (USD Million)
Table 19 Weathering Steel Market in Other End-Use Industries, By Region, 2017–2024 (Kilo Tons)

List of Figures
Figure 1 Weathering Steel Market Segmentation
Figure 2 Weathering Steel Market: Research Design
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Weathering Steel Market: Data Triangulation
Figure 6 Asia Pacific Weathering Steel Market to Grow at Highest CAGR During Forecast Period, in Terms of Volume
Figure 7 Corten-B Segment Expected to Lead the Market During Forecast Period, in Terms of Volume
Figure 8 Automotive Segment Projected to Lead the Market During Forecast Period, in Terms of Volume
Figure 9 Asia Pacific Accounted for the Largest Share of Weathering Steel Market in 2018, in Terms of Volume
Figure 10 China Accounted for the Largest Share of Asia Pacific Weathering Steel Market in 2018, in Terms of Volume
Figure 11 Plates Projected to Be Most Widely Consumed Type of Weathering Steel Between 2019 and 2024, in Terms of Value
Figure 12 Building & Construction Projected to Be Largest End-Use Industry for Weathering Steel Between 2019 and 2024, in Terms of Value
Figure 13 Drivers, Restraints, Opportunities, and Challenges: Weathering Steel Market
Figure 14 Porter’s Five Forces Analysis
Figure 15 Dive Chart
Figure 16 Unpainted Segment to Grow at Higher CAGR Than Painted Segment During Forecast Period, in Terms of Value
Figure 17 Building & Construction End-Use Industry Segment to Witness Highest CAGR During Forecast Period
Figure 18 Arcelormittal: Company Snapshot
Figure 19 Arcelormittal: SWOT Analysis
Figure 20 United States Steel Corporation: Company Snapshot
Figure 21 United States Steel Corporation: SWOT Analysis
Figure 22 Nippon Steel & Sumitomo Metal Corporation: Company Snapshot
Figure 23 Nippon Steel & Sumitomo Metal Corporation: SWOT Analysis
Figure 24 Tata Steel: Company Snapshot
Figure 25 Tata Steel: SWOT Analysis
Figure 26 Posco: Company Snapshot
Figure 27 Posco: SWOT Analysis
Figure 28 SSAB AB: Company Snapshot
Figure 29 SSAB AB: SWOT Analysis
Figure 30 JFE Steel Corporation: Company Snapshot
Figure 31 JFE Steel Corporation: SWOT Analysis
Figure 32 Bluescope Steel Limited: Company Snapshot
Figure 33 Bluescope Steel Limited: SWOT Analysis
Figure 34 HBIS Group: Company Snapshot
Figure 35 HBIS Group: SWOT Analysis
Figure 36 A. Zahner Company: Company Snapshot
Figure 37 A. Zahner Company: SWOT Analysis
Figure 38 Metal Sales Manufacturing Corporation: Company Snapshot
Figure 39 Metal Sales Manufacturing Corporation: SWOT Analysis

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  • A Zahner Company
  • Amardeep Steel
  • Arcelormittal
  • Bluescope Steel Limited
  • Champak Steel & Engg Co
  • Conquest Steel and Alloys
  • Cooper & Turner Ltd
  • HBIS Group
  • Henan Gang Iron and Steel Co, Ltd (Gangsteel)
  • JFE Steel Corporation
  • Johnson Brothers Metal Forming Co
  • Kloeckner UK Holdings Ltd
  • Liberty House Group
  • Metal Sales Manufacturing Corporation
  • Nippon Steel & Sumitomo Metal Corporation
  • Nlmk
  • Posco
  • Pushpak Steel & Engineering Co
  • Shanghai Metal Corporation
  • SSAB AB
  • Tata Steel
  • Tubeco, Inc
  • United States Steel Corporation
  • Weathering Steel Company
  • Zekelman Industries
Note: Product cover images may vary from those shown
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