Weathering Steel Market Size

In the year 2024, the industry size of weathering steel is assessed at USD 1.63 billion.

Weathering Steel Market size was over USD 1.52 billion in 2023 and is projected to reach USD 4.5 billion by 2036, growing at around 8.7% CAGR during the forecast period i.e., between 2024-2036.

North America industry is set to hold largest revenue share by 2036, 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 major players in the market are United States Steel Corporation, A. Zahner Company, Nippon Steel Corporation, ArcelorMittal Group, Tata Steel Ltd., SSAB AB, JFE Steel Corporation, HBIS Group, BlueScope Steel Ltd., and others.