Global Weathering Steel Market Report and Forecast 2024-2032

Global Weathering Steel Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the global weathering steel market is projected to grow at a CAGR of 6.1% between 2024 and 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 EMR 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 by Expert Market Research are as follows:

• ArcelorMittal S.A.
• Nippon Steel Corporation
• Tata Steel Europe Limited
• POSCO
• SSAB AB
• BlueScope Steel Limited
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.