February 21, 2024

Acid Pickling Roll Market Propelled by Increasing Demand from Automotive Sector

Acid pickling rolls are used in steel pickling processes to transport steel sheets or coils through an acid bath during surface treatment. These acid pickling rolls eliminate the need to manually handle steel sheets and efficiently transport them for surface treatment. The automotive sector is one of the largest end-users of steel sheets, where pickling processes are essential for high quality and durable steel production. The global Acid Pickling Roll Market is estimated to be valued at US$ 1,167 Mn 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: Increasing demand from automotive sector. The key trend propelling the growth of the acid pickling roll market is the increasing demand from the fast growing automotive sector. Automobiles increasingly use advanced high strength steel which requires effective pickling processes to achieve the desired surface quality. With rising vehicle production worldwide, the need for pickling lines and equipment such as acid pickling rolls is also growing steadily. The trend is expected to continue driving market growth over the forecast period.

SWOT Analysis
Strength: Acid pickling roll market is extensively used for surface treatment in industrial processes like steel production due to its acid resistant properties which enhance the strength and durability of steel rolls.

Weakness: High costs associated with acid pickling roll manufacturing such as costs incurred on materials used and manufacturing processes.

Opportunity: Rising steel production globally due to infrastructural development and industrialization especially in Asia Pacific region presents lucrative growth opportunities.

Threats: Stringent environmental regulations imposed on usage and disposal of acids used in pickling may hamper market growth. Volatility in raw material prices is also a threat.

Key Takeaways

The global acid pickling roll market is expected to witness high growth over the forecast period of 2023 to 2030.

Regional analysis comprises Asia Pacific dominates the global acid pickling roll market. Countries like China, India, Japan and South Korea are among the fastest growing regional markets due to rising steel production in these countries.

Key players in the acid pickling roll market are Jier North Steel, Xinxiang Hengyuan, Collect, Amex, and American Steel Products. Key players operating in the acid pickling roll market focus on offering acid resistant rolls made of alloy steel and stainless steel which have longer lifespan and can withstand harsh chemical environments of pickling baths.