{"id":472367,"date":"2020-03-08T16:30:01","date_gmt":"2020-03-08T16:30:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=472367"},"modified":"2020-03-08T16:30:01","modified_gmt":"2020-03-08T16:30:01","slug":"weathering-steel-market-expected-to-trigger-a-revenue-to-145-billion-by-2025-grand-view-research-inc","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/weathering-steel-market-expected-to-trigger-a-revenue-to-145-billion-by-2025-grand-view-research-inc_472367.html","title":{"rendered":"Weathering Steel Market Expected To Trigger A Revenue To $1.45 Billion By 2025: Grand View Research, Inc."},"content":{"rendered":"
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Grand View Research, Inc. – Market Research And Consulting.<\/div>\n<\/div>\n<\/div>\n
Increasing investments in infrastructure development projects, such as bridges and road connectivity are anticipated to augment the weathering steel market growth. 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. <\/p>\n<\/div>\n
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The global weathering steel market<\/a><\/strong> size is expected to reach USD 1.45 billion by 2025, exhibiting a CAGR of 5.6% during the forecast period, according to a new report published by Grand View Research, Inc. Increasing investments in infrastructure development projects, such as bridges and road connectivity are anticipated to augment the growth.<\/p>\n

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.<\/p>\n

The inclined growth of the weathering steel market in Europe is due to the rising demand for bridges, sculptures, and railway vehicles. Masts and structures for Overhead Line Equipment (OLE) are generally manufactured using mild steel rolled sections. Weathering steel is anticipated to witness a rise in demand from the region, with the ongoing electrification projects in the region, as the metal is used for replacing the mild steel to reduce costs and environmental pollution.<\/p>\n

However, product penetration in high humid atmospheric conditions and in higher pollution areas is likely to limit the market growth over the forecast period. Conditions with corrosive industrial or chemical fumes creates hurdles in the development of protective oxide patina. Patina is a protective layer of rustic nature which protects the structure from corrosion, failure in patina formation results in the deterioration of the structure. Thus, atmospheric conditions of the location is likely to play a key role in driving the adoption of the product.<\/p>\n

The market is consolidated in nature with the presence of established players, such as ArcelorMittal, HBIS Group, BlueScope Steel Limited, SSAB, JFE Steel Corporation, Nippon Steel Corporation, and Tata Steel. These players focusing on capacity expansion to meet the growing product demand from potential customers.<\/p>\n

Get Details For “Sample Report, TOC, Segmentation & methodology of Weathering Steel Market<\/span>” Click Link Below:<\/strong><\/p>\n

https:\/\/www.grandviewresearch.com\/industry-analysis\/weathering-steel-market<\/a><\/strong><\/p>\n

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Further key findings from the report suggest:<\/strong><\/p>\n