May 18, 2024

Acid Pickling Roll Market Set to Witness High Growth Owing to Increasing Steel Production

The acid pickling roll market has become increasingly important over the years due to the rising steel production worldwide. Acid pickling rolls are widely used in cleaning steel strips from scale and rust after hot rolling and before subsequent cold rolling processes. These rolls prevent iron particles from adhering to the steel strip and ensure proper acid penetration on the steel surface for optimum scale removal.

The global acid pickling roll market is estimated to be valued at US$ 1,167 Mn in 2024 and is expected to exhibit a CAGR of 3.5% over the forecast period 2023 to 2030.

Key Takeaways

Key players: 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.

Key opportunities: Rising offshore steel construction projects in developing nations present significant opportunities for acid pickling roll manufacturers to expand their product portfolio and global footprint. Continued adoption of advanced acid pickling rolls for high-strength steel grades will further bolster market revenues.

Global expansion: Leading acid pickling roll suppliers are focused on cementing their presence across Asia Pacific and Latin America through partnerships, joint ventures and acquisitions. This can help address the increasing demand from emerging steel plants, especially in India, China, Brazil and Mexico over the coming years.

Market drivers

Increasing steel production is a key driver for the acid pickling roll market. Global crude steel output has risen substantially over the past decade and touched 1,869.9 million tons in 2019 according to the World Steel Association. This surge in steel production has raised the need for effective acid pickling rolls to treat hot-rolled steel coils before subsequent processes. Growing automotive, construction and machinery manufacturing sectors which utilize large volumes of pickled steel also fuel the demand for acid pickling rolls.

PEST Analysis

  • Political: Regulatory policies regarding steel production and trade are expected to influence demand in the acid pickling roll market. Government initiatives to boost the manufacturing sector will favor market growth.
  • Economic: Economic development and investment in infrastructure are factors spurring demand from end-use industries like automotive and construction. Growth in GDP and per capita income support market expansion.
  • Social: Increasing automobile ownership and urbanization trends drive raw material consumption from the steel industry. Changing lifestyles and consumption patterns create new opportunities.
  • Technological: Advanced automated production and quality control ensure efficiency. Adoption of industry 4.0 technologies supports consistent product quality and optimization of operations. Use of simulation and AI aids in R&D.

The acid pickling roll market sees strong demand from Asia Pacific countries in terms of value. Economic growth and industrial development in China, India, Japan, and other emerging nations fuel raw material demand. Alongside rising manufacturing output, the region’s heavy investments to expand infrastructure bolster market prospects.

The Middle East and Africa region represents the fastest growing market for acid pickling rolls during the forecast period. This is attributed to ongoing projects to diversify economies away from oil dependence along with development of steel production capabilities. Plans to build new plants and expand existing facilities across GCC countries, South Africa, and Egypt contribute to regional market growth.

1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it