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The global weathering steel market 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 Radiant Insights, Inc. Increasing investments in infrastructure development projects, such as bridges and road connectivity are anticipated to augment the growth.
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.
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.
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.
