The Global Weathering Steel Market was estimated at 1.1 (USD Billion) in 2019 and is projected to be valued at over 1.7 (USD Billion) by 2025 at a CAGR of 8.94%. The report offers valuation and analysis of weathering steel market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, revenue estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on value (USD Billion).
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Key Growth Drivers
In the past, players across the steel industry were making huge investments in process control and optimization but were lagging behind in digital technologies implementation in comparison to other sectors such as media or banking. Nonetheless, since the last few years, the established players in the steel sector are introducing new digital technologies and this is likely to pave a new way for the growth of weathering steel industry over the forecast period. Apparently, breakthroughs in analytics, automation, and mobile services in the weathering steel market will result in huge gains for the market over the coming years. Process digitization and AI along with prominent usage of IoT and cloud technology is likely to further add to the growth of the weathering steel industry over the forecast timeline.
Apart from this, beneficial features such as rust resistance as well as high tensile strength will reinforce the growth of weathering steel industry during the forecast period.
Corten-B Weathering Steel Market To Register Massive Growth By 2025
The Corten- B Form segment is predicted to contribute lucratively towards the overall weathering steel industry over the forecast timeline. The segmental growth is credited to large-scale use of Corten-B steel in construction activities such as constructing bridges due to the robustness of the Form.
North America To Dominate Weathering Steel Market Expansion Over 2019-2025
The growth of the regional market over the forecast period is credited to favorable initiatives launched by the U.S. administration to promote the production and demand for steel along with focusing on improving the infrastructure facility. Apart from this, Mexico being a low-cost steel manufacturer is likely to prompt the market growth in the North American sub-continent over the forecast period.
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Key participants involved in the weathering steel business and profiled i the report include such as:
- JFE Steel Corporation
- Nippon Steel & Sumitomo Metal Corporation
- United States Steel Corporation
- A. Zahner Company
- Tata Steel
- Arcelor Mittal
- SSAB AB
- Bluescope Steel Limited
- HBIS Group.
The global weathering steel market is segmented as follows:
- Others (A604, A606, etc.)
- Others (Coils, rivets, stripes, tubes, etc.)
By End-Use Industry industry
- Building & Construction
- Art & Architecture
- Others (Decorative pieces and street lights)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
|Historic Years||2016 – 2020|
|Forecast Years||2021 – 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Key features of Nutrigenomics Market:
- The raw material suppliers, as well as their market concentration rate, have also been identified.
- The study lists the production cost structures, which include raw material data, manufacturing process analysis, and labor costs.
- All aspects of the industrial chain analysis, downstream buyers, and sourcing techniques have been thoroughly explained.
- A portion of the budget has been set aside for an examination of the marketing strategy used,
- as well as information on the distributors involved in the supply chain.
- The Nutrigenomics Market Market report includes a summary of the cost analysis, main raw materials used, and the changing price patterns of war materials.
- The research includes information on the product marketing channels that were used, marketing channel development trends, price and brand strategies, and the target audience.
The report covers an exhaustive analysis on:
- Market Segments Nutrigenomics
- Market Dynamics Nutrigenomics
- Market Size, Supply, and Demand (Nutrigenomics)
- Current Issues/Challenges/Trends
- Value Chain Competition and Companies Involved
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