The report "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", is expected to grow from USD 1.0 billion in 2019 and is projected to reach USD 1.6 billion by 2024, at a CAGR of 8.8% from 2019 to 2024.
Major drivers of the market include the increasing demand from various end-use industries, government initiatives, and public & private investments.Browse 138 market data Tables and 44 Figures spread through 150 Pages and in-depth TOC on "Weathering Steel industry by Type (Corten-A, Corten-B), Form (Sheets, Plates, Bars), Availability (Painted, Unpainted), End-use Industry (Building & Construction, Transportation, Art & Architecture, Industrial), RegionRequest a Report Sample to Gain Comprehensive Insights at https://www.marketsandmarkets.com/requestsampleNew.asp?id=206000487 The Corten-B type is projected to lead the market during the forecast periodBased on type, the weathering steel market is segregated into Corten-A, Corten-B, and others.
Among these, Corten-B is the most consumed type of weathering steel due to its properties such as high tensile strength and good wear resistibility as compared with Corten-A and other types.
This growth in the demand for plates is due to the increasing infrastructure activities around the globe which majorly use plates as the primary form for construction, which is expected to fuel the growth of weathering steel market during the forecast period.
In addition, increasing investments from public and private sectors, government initiatives, and rising demand for steels with a longer shelf life & low maintenance is expected to drive the growth of weathering steel market in the near future.Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solutions for Your Business at https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=206000487 Key players in the weathering steel market are United States Steel Corporation (US), ArcelorMittal (Germany), Nippon Steel & Sumitomo Metal Corporation (Japan), Tata Steel (India), POSCO (South Korea), and SSAB AB (Sweden), among others are considered for the study.About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
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