Weathering Steel Market Size Poised to Touch US$2.1 Billion by 2026
According to ARC, the global Weathering Steel Market is expected to reach the market value of around $2.1 billion by 2026 and is expected to grow at a CAGR of around 8.4% in terms of revenue during the period 2019 - 2026.
Asia-Pacific dominated the global weathering steel market in the year 2018. The region has experienced the potential growth owing to government initiatives, increasing investment from private and public sectors, and increase in demand for higher quality steel which offers low maintenance and long shelf life. The presence of a key manufacturers and large customer base and rising foreign direct investment in manufacturing and infrastructure development sector is additionally accelerating the regional market growth. The key factors which rise the growth of market are rising per capita income, technological advancement in weathering steel, and increase in number of applications, and growing construction and infrastructure development in the region.
The emerging countries of the APAC region offer tremendous opportunities in the weathering steel market due to the increased modern architecture and building & construction activities in the region. Furthermore, rapid industrialization and urbanization rising the construction of residential as well as commercial buildings, schools, hospitals, offices, malls, multiplex, roads, and bridges in different regions and countries. Government schemes and policies are further expected to fuel the growth of the construction industry. This also expected to open investment opportunities in the global market for the manufacturers in the coming years.
The North America region is expected to exhibit a second-largest share in the weathering steel market. The rising demand of weathering steel from end use industries, growing number of infrastructure development projects, and increase in production and consumption of weathering steel in the region is further expected to witness rapid growth of the market in this region. The US has large research and development hub which increases the innovation and development in weathering steel and growing manufacturing base of weathering steel propels the market growth. This further grows the demand for weathering steel in the region over the forecast the period.
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Weathering Steel Market (By Type: Corten-A, Corten-B; By Form: Sheets, Plates, Bars; By Availability: Painted, Unpainted; By End User: Building & Construction, Transportation, Art & Architecture, Industrial) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026
Europe is expected to register highest CAGR during the forecast period. The major factors which are expected to drive the growth of weathering steel market in the Europe region are growing research and development from manufacturers, growing production of weathering steel, and growing construction industry in the region.
The Corten-B segment expected to grow at the fastest rate of 7.8% CAGR during the forecast period. Based on type, the global weathering steel market has been segmented into Corten-A, Corten-B, and other types. The Corten-B type weathering steel has high durability, corrosion resistant, low maintenance, and high tensile strength as compared to other types. These factors are further expected to raise segment over the forecast period.
Plates segment dominated the weathering steel market on the basis of form in the year 2018. The plates segment accounts of the largest share in the market and held for more than 25% of the total market in 2018. The major factors that are driving the growth of this segment are the rising demand for weathering steel in heavy duty transport applications, rising demand for durability in construction and growing construction industry, low thermal resistance, effective, and low cost. This expected to enhance the dominance of the plates segment in the global market over the forecast period. The manufacturers Nippon Steel & Sumitomo Metal Corporation, ArcelorMittal, and United States Steel Corporation are the mainly investing in the development of plates which expected the lead the market in the coming years.
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Building & construction segment dominated the weathering steel market on the basis of end user in the year 2018. The building & construction segment accounts of the largest share in the market and held for more than 31% of the total market in 2018. The major factors that are driving the growth of this segment are the growing infrastructure development, increase in private and public investment, rising demand for durability in construction. This expected to enhance the dominance of the building & construction segment in the global market over the forecast period.
Some of the leading competitors are HBIS Group, Posco SS Vina, Co. Ltd, A. Zahner Company, Metal Sales Manufacturing Corporation, Henan Gang Iron and Steel Co., Ltd., Tata Steel Ltd, Nippon Steel & Sumitomo Metal Corporation, ArcelorMittal, United States Steel Corporation, SSAB AB, and JFE Steel Corporation, Bluescope Steel Limited.
Some of the key observations regarding weathering steel industry include:
- In October 2018, ArcelorMittal and Nippon Steel & Sumitomo Metal Corporation in procedure for the acquisition of Essar Steel India Limited (ESIL). The acquisition further raises the sales of weathering steel and increase the customer base in India.
- In June 2018, Nippon Steel & Sumitomo Metal Corporation acquired Ovako AB. The acquisition focuses on manufacturing specialty steel and enhances the customer base in Europe and expands the position in market.
- In May 2017, Liberty House Groupacquired Tata Steel specialty steel business at USD 112.7 Million. The acquisition focuses on development and manufacturing of steel products and enhances its market presence in China.
Market Segmentation
Market By Type
- Corten-A
- Corten-B
Market By Form
- Sheets
- Plates
- Bars
Market By Availability
- Painted
- Unpainted
Market By End User
- Building & Construction
- Transportation
- Art & Architecture
- Industrial
Market By Geography
North America
o U.S.
o Canada
Europe
o U.K.
o Germany
o France
o Spain
o Rest of Europe
Asia-Pacific
o China
o Japan
o India
o Australia
o South Korea
o Rest of Asia-Pacific
Latin America
o Brazil
o Mexico
o Rest of Latin America
Middle East & Africa
o GCC
o South Africa
o Rest of Middle East & Africa
Key Questions Answered in the Report
The report addresses key questions concerning the market evolution and overarching trends shaping global market growth. Some of the key questions answered in the report include-
- What is the overall structure of the market?
- What was the historical value and what is the forecasted value of the market?
- What are the key product level trends in the market?
- What are the market level trends in the market?
- Which of the market players are leading and what are their key differential strategies to retain their stronghold?
- Which are the most lucrative regions in the market space?
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TABLE OF CONTENT
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Weathering Steel
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Weathering Steel Market By Form
1.2.2.1. Global Weathering Steel Market Revenue and Growth Rate Comparison By Form (2015-2026)
1.2.2.2. Global Weathering Steel Market Revenue Share By Form in 2017
1.2.2.3. Sheets
1.2.2.4. Plates
1.2.2.5. Bars
1.2.3. Weathering Steel Market By Type
1.2.3.1. Global Weathering Steel Market Revenue and Growth Rate Comparison By Type (2015-2026)
1.2.3.2. Global Weathering Steel Market Revenue Share By Type in 2017
1.2.3.3. Corten-A
1.2.3.4. Corten-B
1.2.4. Weathering Steel Market By Availability
1.2.4.1. Global Weathering Steel Market Revenue and Growth Rate Comparison By Availability (2015-2026)
1.2.4.2. Global Weathering Steel Market Revenue Share By Availability in 2017
1.2.4.3. Painted
1.2.4.4. Unpainted
1.2.5. Weathering Steel Market By End User
1.2.5.1. Global Weathering Steel Market Revenue and Growth Rate Comparison By End User (2015-2026)
1.2.5.2. Global Weathering Steel Market Revenue Share By End User in 2017
1.2.5.3. Building & Construction
1.2.5.4. Transportation
1.2.5.5. Art & Architecture
1.2.5.6. Industrial
1.2.6. Weathering Steel Market By Geography
1.2.6.1. Global Weathering Steel Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.6.2. North America Weathering Steel Market Revenue and Growth Rate (2015-2026)
1.2.6.3. Europe Weathering Steel Market Revenue and Growth Rate (2015-2026)
1.2.6.4. Asia-Pacific Weathering Steel Market Revenue and Growth Rate (2015-2026)
1.2.6.5. Latin America Weathering Steel Market Revenue and Growth Rate (2015-2026)
1.2.6.6. Middle East and Africa (MEA) Weathering Steel Market Revenue and Growth Rate (2015-2026)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Availability Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2017
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Weathering Steel Major Manufacturers in 2017
3.2. Manufacturing Plants Distribution of Global Weathering Steel Major Manufacturers in 2017
3.3. R&D Status and Technology Source of Global Weathering Steel Major Manufacturers in 2017
3.4. Raw Materials Sources Analysis of Global Weathering Steel Major Manufacturers in 2017
CHAPTER 4. WEATHERING STEEL MARKET BY FORM
4.1. Global Weathering Steel Revenue By Form
4.2. Sheets
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3. Plates
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.4. Bars
4.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 5. WEATHERING STEEL MARKET BY TYPE
5.1. Global Weathering Steel Revenue By Type
5.2. Corten-A
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.3. Corten-B
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 6. WEATHERING STEEL MARKET BY AVAILABILITY
6.1. Global Weathering Steel Revenue By Availability
6.2. Painted
6.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.3. Unpainted
6.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 7. WEATHERING STEEL MARKET BY END USER
7.1. Global Weathering Steel Revenue By End User
7.2. Building & Construction
7.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
7.3. Transportation
7.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
7.4. Art & Architecture
7.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
7.5. Industrial
7.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 8. NORTH AMERICA WEATHERING STEEL MARKET BY COUNTRY
8.1. North America Weathering Steel Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. North America Weathering Steel Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. U.S.
8.3.1. U.S. Weathering Steel Market Revenue and Forecast By Form, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.3.3. Market Revenue and Forecast By Availability, 2015 - 2026 ($Million)
8.3.4. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
8.4. Canada
8.4.1. Market Revenue and Forecast By Form, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.4.3. Market Revenue and Forecast By Availability, 2015 - 2026 ($Million)
8.4.4. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
CHAPTER 9. EUROPE WEATHERING STEEL MARKET BY COUNTRY
9.1. Europe Weathering Steel Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Europe Weathering Steel Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. UK
9.3.1. Market Revenue and Forecast By Form, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.3.3. Market Revenue and Forecast By Availability, 2015 - 2026 ($Million)
9.3.4. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
9.4. Germany
9.4.1. Market Revenue and Forecast By Form, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.4.3. Market Revenue and Forecast By Availability, 2015 - 2026 ($Million)
9.4.4. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
9.5. France
9.5.1. Market Revenue and Forecast By Form, 2015 - 2026 ($Million)
9.5.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.5.3. Market Revenue and Forecast By Availability, 2015 - 2026 ($Million)
9.5.4. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
9.6. Spain
9.6.1. Market Revenue and Forecast By Form, 2015 - 2026 ($Million)
9.6.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.6.3. Market Revenue and Forecast By Availability, 2015 - 2026 ($Million)
9.6.4. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
9.7. Rest of Europe
9.7.1. Market Revenue and Forecast By Form, 2015 - 2026 ($Million)
9.7.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.7.3. Market Revenue and Forecast By Availability, 2015 - 2026 ($Million)
9.7.4. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
CHAPTER 10. ASIA-PACIFIC WEATHERING STEEL MARKET BY COUNTRY
10.1. Asia-Pacific Weathering Steel Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Asia-Pacific Weathering Steel Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. China
10.3.1. Market Revenue and Forecast By Form, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
10.3.3. Market Revenue and Forecast By Availability, 2015 - 2026 ($Million)
10.3.4. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
10.4. Japan
10.4.1. Market Revenue and Forecast By Form, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
10.4.3. Market Revenue and Forecast By Availability, 2015 - 2026 ($Million)
10.4.4. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
10.5. India
10.5.1. Market Revenue and Forecast By Form, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
10.5.3. Market Revenue and Forecast By Availability, 2015 - 2026 ($Million)
10.5.4. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
10.6. Australia
10.6.1. Market Revenue and Forecast By Form, 2015 - 2026 ($Million)
10.6.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
10.6.3. Market Revenue and Forecast By Availability, 2015 - 2026 ($Million)
10.6.4. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
10.7. South Korea
10.7.1. Market Revenue and Forecast By Form, 2015 - 2026 ($Million)
10.7.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
10.7.3. Market Revenue and Forecast By Availability, 2015 - 2026 ($Million)
10.7.4. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
10.8. Rest of Asia-Pacific
10.8.1. Market Revenue and Forecast By Form, 2015 - 2026 ($Million)
10.8.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
10.8.3. Market Revenue and Forecast By Availability, 2015 - 2026 ($Million)
10.8.4. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
CHAPTER 11. LATIN AMERICA WEATHERING STEEL MARKET BY COUNTRY
11.1. Latin America Weathering Steel Market Revenue and Growth Rate, 2015 - 2026 ($Million)
11.2. Latin America Weathering Steel Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. Brazil
11.3.1. Market Revenue and Forecast By Form, 2015 - 2026 ($Million)
11.3.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
11.3.3. Market Revenue and Forecast By Availability, 2015 - 2026 ($Million)
11.3.4. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
11.4. Mexico
11.4.1. Market Revenue and Forecast By Form, 2015 - 2026 ($Million)
11.4.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
11.4.3. Market Revenue and Forecast By Availability, 2015 - 2026 ($Million)
11.4.4. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
11.5. Rest of Latin America
11.5.1. Market Revenue and Forecast By Form, 2015 - 2026 ($Million)
11.5.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
11.5.3. Market Revenue and Forecast By Availability, 2015 - 2026 ($Million)
11.5.4. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
CHAPTER 12. MIDDLE EAST & AFRICA WEATHERING STEEL MARKET BY COUNTRY
12.1. Middle East & Africa Weathering Steel Market Revenue and Growth Rate, 2015 - 2026 ($Million)
12.2. Middle East & Africa Weathering Steel Market Revenue Share Comparison, 2015 & 2026 (%)
12.3. GCC
12.3.1. Market Revenue and Forecast By Form, 2015 - 2026 ($Million)
12.3.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
12.3.3. Market Revenue and Forecast By Availability, 2015 - 2026 ($Million)
12.3.4. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
12.4. South Africa
12.4.1. Market Revenue and Forecast By Form, 2015 - 2026 ($Million)
12.4.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
12.4.3. Market Revenue and Forecast By Availability, 2015 - 2026 ($Million)
12.4.4. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
12.5. Rest of Middle East & Africa
12.5.1. Market Revenue and Forecast By Form, 2015 - 2026 ($Million)
12.5.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
12.5.3. Market Revenue and Forecast By Availability, 2015 - 2026 ($Million)
12.5.4. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
CHAPTER 13. COMPANY PROFILE
13.1. Nippon Steel & Sumitomo Metal Corporation
13.1.1. Company Snapshot
13.1.2. Overview
13.1.3. Financial Overview
13.1.4. Product Portfolio
13.1.5. Key Developments
13.1.6. Strategies
13.2. ArcelorMittal
13.2.1. Company Snapshot
13.2.2. Overview
13.2.3. Financial Overview
13.2.4. Product Portfolio
13.2.5. Key Developments
13.2.6. Strategies
13.3. United States Steel Corporation
13.3.1. Company Snapshot
13.3.2. Overview
13.3.3. Financial Overview
13.3.4. Product Portfolio
13.3.5. Key Developments
13.3.6. Strategies
13.4. SSAB AB
13.4.1. Company Snapshot
13.4.2. Overview
13.4.3. Financial Overview
13.4.4. Product Portfolio
13.4.5. Key Developments
13.4.6. Strategies
13.5. JFE Steel Corporation
13.5.1. Company Snapshot
13.5.2. Overview
13.5.3. Financial Overview
13.5.4. Product Portfolio
13.5.5. Key Developments
13.5.6. Strategies
13.6. Bluescope Steel Limited
13.6.1. Company Snapshot
13.6.2. Overview
13.6.3. Financial Overview
13.6.4. Product Portfolio
13.6.5. Key Developments
13.6.6. Strategies
13.7. HBIS Group
13.7.1. Company Snapshot
13.7.2. Overview
13.7.3. Financial Overview
13.7.4. Product Portfolio
13.7.5. Key Developments
13.7.6. Strategies
13.8. Posco SS Vina, Co. Ltd
13.8.1. Company Snapshot
13.8.2. Overview
13.8.3. Financial Overview
13.8.4. Product Portfolio
13.8.5. Key Developments
13.8.6. Strategies
13.9. A. Zahner Company
13.9.1. Company Snapshot
13.9.2. Overview
13.9.3. Financial Overview
13.9.4. Product Portfolio
13.9.5. Key Developments
13.9.6. Strategies
13.10. Metal Sales Manufacturing Corporation
13.10.1. Company Snapshot
13.10.2. Overview
13.10.3. Financial Overview
13.10.4. Product Portfolio
13.10.5. Key Developments
13.10.6. Strategies
13.11. Henan Gang Iron and Steel Co., Ltd
13.11.1. Company Snapshot
13.11.2. Overview
13.11.3. Financial Overview
13.11.4. Product Portfolio
13.11.5. Key Developments
13.11.6. Strategies
13.12. Tata Steel Ltd
13.12.1. Company Snapshot
13.12.2. Overview
13.12.3. Financial Overview
13.12.4. Product Portfolio
13.12.5. Key Developments
13.12.6. Strategies
13.13. Others
13.13.1. Company Snapshot
13.13.2. Overview
13.13.3. Financial Overview
13.13.4. Product Portfolio
13.13.5. Key Developments
13.13.6. Strategies
CHAPTER 14. RESEARCH APPROACH
14.1. Research Methodology
14.1.1. Initial Data Search
14.1.2. Secondary Research
14.1.3. Primary Research
14.2. Assumptions and Scope
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