Bundelkhand Online Journal

Weathering Steel Market Worth $1.45 Billion By 2025 Due To Increasing Investments In Infrastructure Development Projects Globally | Grand View Research, Inc.

 Breaking News
  • No posts were found

Weathering Steel Market Worth $1.45 Billion By 2025 Due To Increasing Investments In Infrastructure Development Projects Globally | Grand View Research, Inc.

February 10
09:01 2021
Weathering Steel Market Worth $1.45 Billion By 2025 Due To Increasing Investments In Infrastructure Development Projects Globally | Grand View Research, Inc.

“Grand View Research, Inc. – Market Research And Consulting.”
According to a recent report published by Grand View Research Inc., the rise in construction in urbanized areas is anticipated in a significant market growth. Moreover, rapid progress of construction projects is likely to encourage market development in the forthcoming years.

According to a report, “Weathering Steel Market Size, Share & Trends Analysis Report By Application (Building & Construction, Transportation, Art & Architecture), By Region, And Segment Forecasts, 2019 – 2025”, the market growth is expected to enlarge in the coming years owing to the rise in demand from construction industry due to the remarkable properties of the end-product. The significance of steel in railways and roadways is anticipated to spike the market growth in the following years.

Weathering steel is used in facades and cladding systems for buildings and is also used in the construction of bridges as this steel can attain 120-year design life and incur low maintenance costs. Increasing global population and rapid urbanization are likely to drive the demand for buildings and vehicles, resulting in traffic congestion. This is anticipated to boost the demand for the road over bridges, which in turn is anticipated to drive the market growth in the forthcoming years.

Increasing traffic congestion in railways and roadways and increasing need for global connectivity from islands to cities is likely to boost the demand for bridges in near future. Greater life cycle of weathering steel coupled with superior corrosion resistance is anticipated to drive its adoption in bridge construction. The product is also used in road construction for earth retaining structures. 

U.S. weathering steel market size, by application, 2014 - 2025 (USD Million)

Weathering Steel Market Report Highlights:

Building and construction segment is anticipated to progress at a CAGR of 6.2% during the forecast period, in terms of revenue on account of the rapid urbanization and rising population

Art and architecture is the second fastest-growing segment with a CAGR of over 4.8% in terms of volume owing to the rising prominence of arts, such as sculptures and statues among others

Europe emerged as the leading regional segment with a market share of 54.3% in terms of volume in 2018, attributed to the ideal atmospheric conditions of the region which enables easy adoption of weathering steel

Asia Pacific was the second-largest regional market and held a revenue share of 18.9% in the past years, attributed to the need for expanding road connectivity and infrastructure

Key participants across the market are largely investing in capacity expansions meet the growing demand from construction

“Would you Like/Try a Sample Report” Click the link below:https://www.grandviewresearch.com/industry-analysis/weathering-steel-market/request/rs1

Grand View Research has segmented the global weathering steel market on the basis of application and region:

Weathering Steel Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)

Building & construction

Transportation

Art & Architecture

Other applications

Weathering Steel Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)

North America

U.S.

Canada

Mexico

Europe

Germany

U.K.

France

Asia Pacific

China

India

Japan

Central & South America

Brazil

Middle East & Africa

List of Key Players for Weathering Steel Market:

Arcelor Mittal

Tata Steel

HBIS Group

BlueScope Steel Limited

SSAB

JFE Steel Corporation

Nippon Steel Corporation

Have Any Query? Ask Our Experts for More Details on Report:https://www.grandviewresearch.com/inquiry/6960/ibb

Browse Related Report @

Steel Service Centers Market – https://www.grandviewresearch.com/industry-analysis/steel-service-centers-market

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research

Grand View Research is a market research and consulting company registered in the State of California having its headquarters in San Francisco. The company offers syndicated research reports, customized research reports, and consulting services. With Grand View Research, you get an opportunity to understand market trends, insights, and business statistics from a strategic standpoint. With a deep-seated understanding of many business environments, Grand View Research offers business and market intelligence studies and accomplishes more than 300 multi-country market studies.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/weathering-steel-market


Warning: count(): Parameter must be an array or an object that implements Countable in /home/capitalnews/bundelkhandonlinejournal.in/wp-content/themes/legatus-theme/includes/single/post-tags.php on line 5
Share