Weathering Steel - Worldwide Market Insights, 2019: The Trade War Between China and the US is Challenging Growth

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Jun 19, 2019, 11:00 ET

DUBLIN, June 19, 2019 /PRNewswire/ -- The "Weathering Steel Market by Type (Corten-A, Corten-B), Form (Sheets, Plates, Bars), Availability (Painted, Unpainted), End-Use Industry (Building & Construction, Transportation, Art & Architecture, Industrial), Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The weathering steel market was valued at USD 992 million in 2018 and is projected to reach USD 1,644 million by 2024, at a CAGR of 8.8% between 2019 and 2024.

The building & construction industry, which consists of residential buildings, commercial buildings, and infrastructure (bridges and tunnels), is the major consumer of weathering steel with this consumption projected to increase in the near future. This can be attributed to the increasing demand for infrastructure in various parts of the world, such as the US, Germany, Russia, and India.

Weathering steel is generally manufactured in an unpainted form and does not require a coating due to the patina generated by the steel. However, some manufacturers prefer providing a coating layer on it as it helps in applications where the steel is always in contact with water. The coating, however, increases the overall cost of the steel.

Weathering steel is available in the form of plates, sheets, bars, and others (coils, rivets, stripes, tubes). It offers superior mechanical properties when compared to its counterparts. In the construction of bridges, apart from its high strength and enhanced corrosion resistance, weathering steel sheets and plates are mainly used to provide a rustic, antique, and robust look. Additionally, weathering steel in the form of plates can outlast plain carbon steel in outdoor conditions.

Weathering steel, depending on the ASTM and several trademarked specifications, is classified into A242 (Corten-A), A588 (Corten-B), and others (including A604 and A606). A242 refers to steel plates with halfinch thickness. A588 is mostly used in structural shapes, plates, and bars, while A604 and A606 is mostly used in steel sheets and coils.

Key Topics Covered

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Unit
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Research Assumptions and Limitations
2.4.1 Assumptions
2.4.2 Limitations

3 Premium Insights
3.1 Attractive Opportunities in Weathering Steel Market
3.2 Weathering Steel Market, By Type
3.3 Weathering Steel Market, By End-Use Industry
3.4 Weathering Steel Market, By Region
3.5 Asia Pacific Weathering Steel Market, By Country and Availability

4 Executive Summary

5 Market Overview
5.1 Market Dynamics
5.1.1 Drivers
5.1.1.1 Long Shelf Life With Low Maintenance Cost
5.1.1.2 Growth of the Infrastructure Segment
5.1.1.3 Growing Use of Weathering Steel in Sculptures in Western Regions
5.1.2 Restraints
5.1.2.1 Fluctuation in Raw Material Prices of Steel
5.1.2.2 Inferior Performance in Damp Conditions
5.1.2.3 Lack of Awareness and Knowledge About the Use of Weathering Steel
5.1.3 Opportunities
5.1.3.1 Increasing Opportunities in Various Emerging Economies
5.1.4 Challenges
5.1.4.1 Trade War Between China and the US
5.1.4.2 Dealing With Overcapacity of Steel
5.2 Porter's Five Forces Analysis

6 Weathering Steel Market, Dive
6.1 Introduction
6.1.1 Visionaries
6.1.2 Innovators
6.1.3 Dynamic Differentiators
6.1.4 Emerging Companies
6.2 Ranking of Key Market Players in the Weathering Steel Market

7 Weathering Steel Market, By Availability
7.1 Introduction
7.2 Unpainted
7.3 Painted

8 Weathering Steel Market, By End-Use Industry
8.1 Introduction
8.2 Building & Construction
8.3 Transportation
8.4 Art & Architecture
8.5 Industrial
8.6 Others

9 Company Profiles
9.1 Arcelormittal
9.1.1 Business Overview
9.1.2 Products Offered
9.1.3 SWOT Analysis
9.1.4 MnM View
9.2 United States Steel Corporation
9.3 Nippon Steel & Sumitomo Metal Corporation
9.4 Tata Steel
9.5 Posco
9.6 SSAB AB
9.7 JFE Steel Corporation
9.8 Bluescope Steel Limited
9.9 HBIS Group
9.10 A. Zahner Company
9.11 Metal Sales Manufacturing Corporation
9.12 Other Key Players
9.12.1 Liberty House Group
9.12.2 Tubeco, Inc.
9.12.3 Conquest Steel and Alloys
9.12.4 Shanghai Metal Corporation
9.12.5 Pushpak Steel & Engineering Co.
9.12.6 Kloeckner UK Holdings Ltd.
9.12.7 Amardeep Steel
9.12.8 Henan Gang Iron and Steel Co., Ltd. (Gangsteel)
9.12.9 Zekelman Industries
9.12.10 Johnson Brothers Metal Forming Co.
9.12.11 Weathering Steel Company
9.12.12 Nlmk
9.12.13 Champak Steel & Engg. Co.
9.12.14 Cooper & Turner Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/chvs2t

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