Global Corten Steel Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Corten Steel Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Corten Steel, that is, atmospheric corrosion-resistant steel, is a low-alloy steel series between ordinary steel and stainless steel. Corten Steel is made of ordinary carbon steel with a small amount of corrosion-resistant elements such as copper and nickel. It has the toughness and plasticity of high-quality steel. Extension, forming, welding and cutting, abrasion, high temperature, fatigue resistance and other properties; weather resistance is 2~8 times that of ordinary carbon steel, and paintability is 1.5~10 times that of ordinary carbon steel. At the same time, it has the characteristics of rust resistance, corrosion resistance and life extension of components, thinning and consumption reduction, labor saving and energy saving.

Market Overview:

The latest research study on the global Corten Steel market finds that the global Corten Steel market reached a value of USD 1660.82 million in 2022. It’s expected that the market will achieve USD 1954.41 million by 2028, exhibiting a CAGR of 2.75% during the forecast period.

Corten Steel is widely used

Corten Steel can be used for steel structures exposed to the atmosphere for a long time such as oceans, bridges, railways, buildings, vehicles, towers, etc., and can also be used to manufacture structural parts such as containers, railway vehicles, oil derricks, seaport buildings, and oil production platforms. It has the characteristics of high-quality steel such as toughness, plastic extension, forming, welding and cutting, abrasion, high temperature, fatigue, etc.; the weather resistance is 2-8 times that of ordinary carbon steel, and the paintability is 1.5-10 times that of ordinary carbon steel. Thin use, bare use or simplified painted use. This type of steel has the characteristics of rust resistance, anti-corrosion and prolonging the life of components, reducing thickness and reducing consumption, saving labor and energy, and benefiting component manufacturers and users.

Region Overview:

In global comparison, a significant portion of the revenue was generated in Europe 32.26% in 2021).

Company Overview:

Nippon Steel and Sumitomo Metal is a Japanese steel producer, founded in 2012 from merger of Nippon Steel Corporation and Sumitomo Metal Industries Limited. Its main shareholder is Japan Trustee Services Bank Ltd.

Segmentation Overview:

By type, ASTM A242 segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Building segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Corten Steel market covered in Chapter 3:

Ma Steel
Tata Steel
Shandong Iron & Steel Group
Wuhan Iron and Steel
TISCO
BlueScope
Ansteel
Nippon Steel Sumitomo Metal
ArcelorMittal
Shagang Group
Nucor Steel
ThyssenKrupp

In Chapter 4 and Chapter 14.2, on the basis of types, the Corten Steel market from 2018 to 2029 is primarily split into:

ASTM A242
ASTM A588
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Corten Steel market from 2018 to 2029 covers:

Marine
Bridge
Railway
Building
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)