Weathering Steel Market Analysis, Size, Growth, Share, Trend, Outlook & Forecast to 2025
According to a recent report published by Grand View Research Inc., the rise in construction in urbanized areas is anticipated in a significant market growth. Moreover, rapid progress of construction projects is likely to encourage market development in the forthcoming years. According to a report, “Weathering Steel Market Size, Share & Trends Analysis Report By Application (Building & Construction, Transportation, Art & Architecture), By Region, And Segment Forecasts, 2019 2025”, the market growth is expected to enlarge in the coming years owing to the rise in demand from construction industry due to the remarkable properties of the end-product. The significance of steel in railways and roadways is anticipated to spike the market growth in the following years. 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. Increasing traffic congestion in railways and roadways and increasing need for global connectivity from islands to cities is likely to boost the demand for bridges in near future. Greater life cycle of weathering steel coupled with superior corrosion resistance is anticipated to drive its adoption in bridge construction. The product is also used in road construction for earth retaining structures.
Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/weatheringsteel-market