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Weathering Steel Market 2023 - Size, Share, Trends, Technology, Challenges And Forecast By 2032
Weathering Steel Market
The Business Research Company's Weathering Steel Global Market Report 2023 identifies rapidly growing construction and transportation industries as the major driver for the Weathering Steel market's growth in the forecast period. Weathering steel is being used in several architectural and sculpture applications owing to its key material features like improved corrosion resistance, longer shelf life, good aesthetic appeal, high strength, and low maintenance.
The global weathering steel market size grew from $1.19 billion in 2022 to $1.31 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The weathering steel market size is expected to grow to $1.92 billion in 2027 at a CAGR of 10.1%.
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Major competitors in the Weathering Steel market are Arcelor Mittal, United States Steel Corporation, Nippon Steel & Sumitomo Metal Corporation, Tata Steel Ltd.
A key trend in the Weathering Steel market includes technological advancement. ArcelorMittal Europe Long Products, for example, launched RailCor® in 2021, a new range of corrosion-resistant rails for protecting against severe corrosion environments, whether the rails are installed inside tunnels, city centers, or coastal areas, for example, to face demanding corrosion challenges, fight specific corrosion, or even protect the rails during shipment. RailCor® was developed by ArcelorMittal Global R&D and has been tested in accelerated corrosion tests using a variety of systems. Under the most severe conditions, the selected solutions were tested for more than 2 years on real tracks.
Read More On The Global Weathering Steel Market Report Here:
https://www.thebusinessresearchcompany.com/report/weathering-steel-global-market-report
The Weathering Steel market is segmented -
• By Type: Corten-A, Corten-B, Other Types
• By Form: Plates, Sheets, Bars, Other Forms
• By Availability: Painted, Unpainted
• By End Use: Building and Construction, Transportation, Art and Architecture, Industrial, Other End Use
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Weathering Steel market.
The Business Research Company's "Global Weathering Steel Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Weathering Steel Market Include:
1. Executive Summary
2. Weathering Steel Market Characteristics
3. Weathering Steel Market Trends And Strategies
4. Weathering Steel Market - Macro Economic Scenario
5. Weathering Steel Market Size And Growth
………………………………
26. Africa Weathering Steel Market
27. Weathering Steel Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Weathering Steel Market
29. Weathering Steel Market Future Outlook and Potential Analysis
30. Appendix
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