Acid pickling rolls are used to clean the metal surface thoroughly by removing rust, scale, and any other metal oxide layer. Acid pickling rolls help achieve a uniform and bright surface finish on metal. This enhances the corrosive and adhesive properties of metals.
The global Acid Pickling Roll Market is estimated to be valued at US$ 1,167 Million in 2023 and is expected to exhibit a CAGR of 3.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends in the acid pickling roll market is the increasing use of stainless steel in various end-use industries such as building and construction, automotive, and appliances. According to forecasts, global stainless steel demand will surpass 70 million tons in 2023. Pickling is an essential process in the secondary processing of stainless steel to ensure corrosion resistance and luster. Thus, growing stainless steel consumption is expected to drive the demand for acid pickling rolls during the forecast period. Further, stringent emission regulations regarding automotive exhaust systems have prompted an increase in the use of stainless steel in catalytic converters. This is further expected to propel market growth.
SWOT Analysis
- Strength: Acid pickling rolls are essential equipment for effective surface cleaning of steel sheets before subsequent coating or processing. They help remove oxides and improve surface quality.
- Weakness: High maintenance cost of acid pickling rolls due to corrosion from acid. Stringent environmental regulations for safe disposal of acidic waste.
- Opportunity: Growing automotive and construction industries worldwide driving demand for value-added steel products. Adoption of advanced coatings requiring cleaner steel surface.
- Threats: Volatility in raw material prices can squeeze profit margins. Trade barriers and regional concentration of key players.
Key Takeaways
The global Acid Pickling Roll market is expected to witness high growth, exhibiting CAGR of 3.5% over the forecast period, due to increasing demand for automotive and construction grade steel. Modern architecture projects relying on coated steel sheets will also support growth.
Regional analysis: Asia Pacific dominates the market currently accounting for over 35% share, led by China, India, and Japan. Growth will be fastest in developing Asian countries and Central and Eastern Europe seeking to improve manufacturing infrastructure. Stringent emission norms favor regional players with greener technologies.
Key players operating in the Acid Pickling Roll market are Sandvik AB, Jindal Stainless Ltd., ArcelorMittal, Outokumpu Oyj, AK Steel Holding Corporation, Tata Steel Limited, POSCO, ThyssenKrupp AG, Tenova S.p.A., Andritz AG, CMI Industry Metals Inc., Fives Group, Unison Rolling Technology, Voestalpine AG, Nippon Steel & Sumitomo Metal Corporation. Larger companies are investing in automation and materials research to enhance productivity and compliance.