Weathering Steel Market Size, Emerging Technologies, Comprehensive Analysis, Future Prospects, Regional Trends and Potential of the Industry from 2017-2022
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.
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.
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<strong>Wea<strong>the</strong>ring</strong> <strong>Steel</strong> <strong>Market</strong> Research Key Players,<br />
<strong>Industry</strong> Overview, Supply Chain <strong>and</strong> <strong>Analysis</strong><br />
<strong>2017</strong> – <strong>2022</strong><br />
“<strong>Wea<strong>the</strong>ring</strong> steel is also termed as atmospheric<br />
corrosion resistant steel, or low-alloy steel are steels<br />
with a carbon content <strong>of</strong> less than 0.2 wt. % <strong>and</strong><br />
containing quantities <strong>of</strong> nickel, copper, chromium,<br />
<strong>and</strong> o<strong>the</strong>r alloying elements that increase corrosion<br />
resistance. These steels also provide environmental<br />
benefits, as it does not require initial painting or does<br />
not require disposal <strong>of</strong> contaminated blast debris.”<br />
Global <strong>Wea<strong>the</strong>ring</strong> <strong>Steel</strong> <strong>Market</strong> is expected to grow at a significant CAGR in <strong>the</strong> upcoming years as <strong>the</strong> scope <strong>and</strong> its<br />
applications are rising enormously across <strong>the</strong> globe. <strong>Wea<strong>the</strong>ring</strong> steel is also termed as atmospheric corrosion resistant<br />
steel, or low-alloy steel are steels with a carbon content <strong>of</strong> less than 0.2 wt. % <strong>and</strong> containing quantities <strong>of</strong> nickel,<br />
copper, chromium, <strong>and</strong> o<strong>the</strong>r alloying elements that increase corrosion resistance. These steels also provide<br />
environmental benefits, as it does not require initial painting or does not require disposal <strong>of</strong> contaminated blast debris.<br />
It is exclusively used in bridge construction <strong>and</strong> modern architecture.<br />
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The factors that are playing a major role in <strong>the</strong> growth <strong>of</strong> <strong>Wea<strong>the</strong>ring</strong> <strong>Steel</strong> <strong>Market</strong> are longevity, no chemicals or<br />
paintings required, <strong>the</strong>se are eco-friendly <strong>and</strong> are recyclable, provides natural protection against corrosion, <strong>and</strong>
equires low maintenance costs. <strong>Wea<strong>the</strong>ring</strong> <strong>Steel</strong> <strong>Market</strong> is segmented based on product types, grades, applications,<br />
<strong>and</strong> region.<br />
Product types such as ASTM A588, ASTM A242, ASTM A606, ASTM A709, <strong>and</strong> o<strong>the</strong>rs classify <strong>Wea<strong>the</strong>ring</strong> <strong>Steel</strong> <strong>Market</strong>.<br />
ASTM A588 is known to be <strong>the</strong> base specification for wea<strong>the</strong>ring steel for building applications. Whereas, ASTM A709<br />
is mainly used in bridge applications. Grades such as 50W, HPS 50W, 70W <strong>and</strong> o<strong>the</strong>rs classify <strong>the</strong> market. Applications<br />
into Building, Marine Transportation, Railway, Bridge, <strong>and</strong> o<strong>the</strong>rs classify <strong>Wea<strong>the</strong>ring</strong> <strong>Steel</strong> <strong>Market</strong>. <strong>Wea<strong>the</strong>ring</strong> <strong>Steel</strong><br />
<strong>Industry</strong> is segmented geographically Americas (North America, Latin America), Europe (Eastern Europe, Western<br />
Europe), Asia Pacific, Latin America, Middle East <strong>and</strong> Africa.<br />
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The key players <strong>of</strong> <strong>Wea<strong>the</strong>ring</strong> <strong>Steel</strong> <strong>Market</strong> are, SSAB, Nippon <strong>Steel</strong>, TATA, Hebei Iron <strong>and</strong> <strong>Steel</strong>, JFE, Arcelor Mittal,<br />
POSCO, Meishan Iron <strong>and</strong> <strong>Steel</strong>, <strong>and</strong> Ansteel. These players are concentrating on inorganic growth to sustain<br />
<strong>the</strong>mselves amongst fierce competition. As such, mergers, acquisitions, <strong>and</strong> joint ventures are <strong>the</strong> need <strong>of</strong> <strong>the</strong> hour.<br />
Mart Segment:<br />
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million<br />
USD), market share <strong>and</strong> growth rate <strong>of</strong> <strong>Wea<strong>the</strong>ring</strong> <strong>Steel</strong> in <strong>the</strong>se regions, <strong>from</strong> 2012 to <strong>2022</strong> (forecast), covering<br />
• North America<br />
• Europe<br />
• China<br />
• Japan<br />
• Sou<strong>the</strong>ast Asia<br />
• India<br />
Global <strong>Wea<strong>the</strong>ring</strong> <strong>Steel</strong> market competition by top manufacturers, with production, price, revenue (value) <strong>and</strong><br />
market share for each manufacturer; <strong>the</strong> top players including<br />
• Nippon <strong>Steel</strong><br />
• Hebei Iron <strong>and</strong> <strong>Steel</strong><br />
• ArcelorMittal
• Meishan Iron <strong>and</strong> <strong>Steel</strong> (Baosteel)<br />
• Ansteel<br />
• POSCO<br />
• JFE<br />
• TATA<br />
• SSAB<br />
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On <strong>the</strong> basis <strong>of</strong> product, this report displays <strong>the</strong> production, revenue, price, market share <strong>and</strong> growth rate <strong>of</strong> each<br />
type, primarily split into<br />
• ASTM A 242<br />
• ASTM A 588<br />
• O<strong>the</strong>r<br />
On <strong>the</strong> basis on <strong>the</strong> end users/applications, this report focuses on <strong>the</strong> status <strong>and</strong> outlook for major applications/end<br />
users, consumption (sales), market share <strong>and</strong> growth rate <strong>of</strong> <strong>Wea<strong>the</strong>ring</strong> <strong>Steel</strong> for each application, including<br />
• Marine Transportation<br />
• Bridge<br />
• Railway<br />
• Building<br />
• O<strong>the</strong>r
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