GLOBAL WEATHERING STEEL MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Regional Analysis

Global Weathering Steel Market Regional Insights

• North America is expected to be the second-largest market for weathering steel during the forecast period, accounting for over 25.2% of the market share in 2023. The growth of the market in North America is attributed to the increasing construction activities and investments in infrastructure.
• Asia Pacific is expected to be the largest market for weathering steel, accounting for over 38.7% of the market share in 2023. The growth of the market in is attributed to rapid urbanization and industrialization in emerging economies such as India, Mexico, Russia, Pakistan, Saudi Arabia, China, and Brazil.
• Europe is expected to be the fastest-growing market for weathering steel, with a CAGR of over 7.2% during the forecast period. The growth of the market in Europe is attributed to stringent regulations regarding sustainable construction.

Figure 1. Global Weathering Steel Market Share (%), By Region, 2023

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East & Africa:  GCC Countries, Israel,  South Africa, North Africa, Central Africa and Rest of Middle East