Global
Weathering Steel Market is expected
to grow at a significant CAGR in the upcoming years as the scope and its
applications are rising enormously across the globe. Weathering steel is also
termed as atmospheric corrosion resistant steel, or low-alloy steel are steels
with a carbon content of less than 0.2 wt. % and containing quantities of
nickel, copper, chromium, and other alloying elements that increase corrosion
resistance. These steels also provide environmental benefits, as it does not
require initial painting or does not require disposal of contaminated blast
debris. It is exclusively used in bridge construction and modern architecture.
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The
factors that are playing a major role in the growth of Weathering Steel Market
are longevity, no chemicals or paintings required, these are eco-friendly and
are recyclable, provides natural protection against corrosion, and requires low
maintenance costs. Weathering Steel Market is segmented based on product types,
grades, applications, and region.
Product
types such as ASTM A588, ASTM A242, ASTM A606, ASTM A709, and others classify
Weathering Steel Market. ASTM A588 is known to be the base specification for
weathering steel for building applications. Whereas, ASTM A709 is mainly used
in bridge applications. Grades such as 50W, HPS 50W, 70W and others classify
the market. Applications into Building, Marine Transportation, Railway, Bridge,
and others classify Weathering Steel Market. Weathering Steel Industry is
segmented geographically Americas (North America, Latin America), Europe
(Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and
Africa.
The
key players of Weathering
Steel Market are, SSAB, Nippon Steel, TATA, Hebei Iron and Steel, JFE,
ArcelorMittal, POSCO, Meishan Iron and
Steel, and Ansteel. These players are concentrating on inorganic growth to
sustain themselves amongst fierce competition. As such, mergers, acquisitions,
and joint ventures are the need of the hour.
Market Segment:
Geographically, this report is segmented
into several key Regions, with production, consumption, revenue (million USD),
market share and growth rate of Weathering Steel in these regions, from 2012 to
2022 (forecast), covering
•
North America
•
Europe
•
China
•
Japan
•
Southeast Asia
•
India
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