Weathering Steel Industry - Regional Synopsis
On the basis of regional analysis, the weathering steel market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
North America industry is set to hold largest revenue share by 2037, owing to growing requirements of steel components by end-user applications such as railway bridges, structural network and bypasses, aerospace, dental, automotive and electronics as well as favorable government policies and initiatives to promote weathering steel production are met in the region. The weathering steel market in Asia Pacific region is predicted to grow at the highest rate during the forecast period as a result of extensive investments in building cost-efficient and sustainable infrastructure in the region. The increasing construction activities such as road, rail networks and bridges along with growing opportunities in infrastructure and real estate investments in the region, especially in countries such as China, India and Japan further raise the demand for weathering steel.
