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Major Growth Driver Identified in 2025 Weathering Steel Market: Construction And Transportation Industries Fueling The Expansion Of The Weathered Steel Market
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Weathering Steel Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times there has been considerable growth in the size of the weathering steel market. The market, which was worth $1.38 billion in 2024, is expected to increase to $1.47 billion by 2025, at a compound annual growth rate (CAGR) of 6.6%. The notable growth during the historic period is linked to the rise in demand for weathering steel in the construction industry, the requirement for materials that are durable and resistant to corrosion, the expanding adoption of weathering steel in the transportation industry, increased consciousness about the advantages of weathering steel, and the growth of the industrial sector.
Weathering Steel Market Size Forecast: What's the Projected Valuation by 2029?
The market size for weathering steel is slated to experience a significant rise in the upcoming years, escalating to $1.96 billion in 2029 with a compound annual growth rate (CAGR) of 7.5%. Urbanization and infrastructure renewal, heightened sustainability awareness, the proliferation of outdoor structures, infrastructure resilience planning, and the increased scope of renewable energy projects are key factors spurring growth during the forecast period. Some of the prominent trends during this period encompass groundbreaking architectural designs, partnerships with artists, advanced coating technologies, incorporation of eco-friendly building practices, and custom made weathering steel products.
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What Are the Drivers Transforming the Weathering Steel Market?
The burgeoning construction and transportation sectors are leading the boost in the weathered steel market. Numerous architectural and sculptural applications are utilizing weathering steel due to its superior features like enhanced corrosion resistance, extended life span, appealing aesthetics, high strength, and minimal maintenance. For instance, data from the Ministry of Statistics and Programme Implementation shows that the construction industry will see a growth of 10.7% in FY 2022, bouncing back from an 8.6% contraction in 2021, with the help of the base effect and an expected growth of 9.2%. Likewise, Wolters Kluwer data from 2021 suggests a 3.4% growth rate in the global transportation industry till 2027. Consequently, the swift expansion of the construction and transportation sectors will fuel the increase in the weathered steel market.
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What Long-Term Trends Will Define the Future of the Weathering Steel Market?
Leading corporations in the weathering steel market are getting BIS licenses to fabricate structural weather-resistant steel in compliance with industry norms, guarantee product excellence, and boost the sturdiness and lifetime of infrastructure assignments subject to tough weather. BIS licenses are accreditations granted by the Bureau of Indian Standards, India's national standards organization. These certifications validate that a product, process, or service meets the BIS's designated standards for safety, quality, and efficiency. For example, Tata Steel Ltd., an Indian entity, was approved by The Bureau of Indian Standards (BIS) in December 2022 to produce Structural Weather Resistant Steel (Corten Steel) abiding by the standards set in IS 11587. This type of steel usually contains constituents like copper, chromium, and nickel, improving its defence against atmospheric corrosion. The use of weather-resistant steel can diminish maintenance expenses and extend the longevity of structures, leading to more eco-friendly construction methods.
Which Segments in the Weathering Steel Market Offer the Most Profit Potential?
The weathering steel market covered in this report is segmented -
1) By Type: Corten-A, Corten-B, Other Types
2) By Form: Plates, Sheets, Bars, Other Forms
3) By Availability: Painted, Unpainted
4) By End Use: Building And Construction, Transportation, Art And Architecture, Industrial, Other End Use
Subsegments:
1) By Corten-A: Structural Steel Applications, Architectural Uses
2) By Corten-B: Heavy Machinery Components, Bridge Construction
3) By Other Types: Custom Weathering Steel Alloys, Specialty Weathering Steel Products
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Which Firms Dominate the Weathering Steel Market by Market Share and Revenue in 2025?
Major companies operating in the weathering steel market include Arcelor Mittal SA, United States Steel Corporation, Nippon Steel & Sumitomo Metal Corporation, Tata Steel Ltd., Posco India Pvt. Ltd., SSAB AB Corporation, Japan Future Enterprise Steel Corporation, Bluescope Steel Limited, Hebei Iron & Steel Co. Ltd., A. Zahner Company, Metal Sales Manufacturing Corporation, Henan Gang Iron and Steel Co. Ltd., Masteel UK Ltd., Cascadia Metal Ltd., Triton Corp., Amardeep Steel Centre LLP, Steel Dynamics Inc., Ternium SA, TimkenSteel Corp., Voestalpine AG, Wuhan Iron and Steel Group, Baosteel Group Corporation, Taiwan Cement Corporation, Salzgitter AG, Steelscape, Tata BlueScope Steel.
Which Regions Offer the Highest Growth Potential in the Weathering Steel Market?
Asia-Pacific was the largest region in the weathering steel market in 2024.North America is expected to be the fastest-growing region in the forecast period. The regions covered in the weathering steel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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