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New York, United States, Sept 22, 2022 (Analytics Market Research) – High strength, low alloy steel is known as “weathering steel,” and it contains copper as an alloying element. It is often referred to as “copper-bearing steel” or simply “Corten.” After being exposed to the elements for a while, these alloys generate an oxide coating that resembles rust, but once it has formed, the oxide layer shields the metal and prevents further rusting and corrosion. Compared to standard low carbon steel grades, weathering steel has a higher resistance to rusting. Due to its long-term performance, attractiveness, extremely low maintenance requirements, and financial advantages, weathering steel is widely used in steel bridges, railway networks, and structural architecture. By doing away with the requirement for a protective paint system and a lengthy lifespan, it provides increased safety.
The weathering steel market is anticipated to be driven during the projected period by an increase in demand for steel for bridge construction. Steel that has weathered offers better corrosion resistance, a long lifespan, and reduced maintenance requirements. It is therefore the best material to use while building bridges. The global weathering steel market is expected to be driven by an increase in capital spending on infrastructure development as a result of robust economic expansion and population growth in both developing and developed nations. Weathering steel has a long shelf life and a nice appearance. The market for weathering steel is expected to increase as a result. When used in locations with high concentrations of corrosive chemicals or industrial gases, weathering steel may lose some of its original qualities.
Application Insights
Building and construction held a volume share of 47.4% in 2018, making it the largest segment. This is because the need to replace ageing bridges and roads as well as to improve road connectivity to handle the load of more traffic on the roads is expected to increase the weathering of steel over the forecast period. On the Country Rail Network in New South Wales, Australia, Jacobs Engineering Group recently developed three bridges in weathering steel to replace timber rail overbridges. The substance is utilised in heavy-duty applications in transportation, like rail cars and cargo containers. In comparison to vehicles built of conventional steel, those made of weathering steel are strong, durable, able to carry greater payloads, and are comparatively light.
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Global Weathering Steel Market: Major Players
TATA
POSCO
JFE
Nippon Steel
Ansteel
Meishan Iron and Steel (Baosteel)
ArcelorMittal
SSAB
Hebei Iron and Steel
Global Weathering Steel Market: Types
ASTM A 242
ASTM A 588
Other
Global Weathering Steel Market: Applications
Marine Transportation
Bridge
Railway
Global Weathering Steel Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Weathering Steel market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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