by Acid pickling rolls are used in steel rolling mills to remove oxides, scale, and impurities from hot rolled steel strips before they undergo further processing. These rolls help deoxidize and descale the steel strip surfaces using hydrochloric or sulfuric acid within an enclosed pickling line. They ensure clean and corrosion-free surfaces for high quality downstream applications. The rolls have customized designs to withstand operating temperatures up to 500 degree Celsius and highly corrosive acidic environment.
The 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 Dynamics:
Acid pickling rolls market is primarily driven by the growing steel production and increasing focus on surface quality and corrosion resistance in end-use industries such as automotive, construction, manufacturing, etc. According to World Steel Association, the global crude steel production increased from 1,864 million tons in 2020 to 1,898 million tons in 2021. This rising steel output is fueling the demand for acid pickling rolls for cleaning and descaling of hot rolled steel products. Furthermore, stringent government regulations regarding material purity and surface finish of steel components are also propelling the acid pickling roll market growth. However, availability of alternative descaling technologies and volatility in steel and raw material prices can hamper the market expansion.
Segment Analysis
Acid Pickling Roll Market can be segmented into Cold Rolled Steel segment and Hot Rolled Steel segment. Cold Rolled Steel segment holds the dominating share of more than 60% in the overall market, owing to extensive usage of pickling rolls in cold rolling mills. Pickling rolls play a crucial role in removing rust and scale from steel sheets for cold rolling process.
PEST Analysis
- Political: Government regulations regarding emission standards and environmental protection promote usage of advanced acid pickling roll systems.
- Economic: Growing steel production globally coupled with infrastructure development projects boost demand for acid pickling rolls.
- Social: Increasing construction activities and automotive production drive the steel market, fueling growth of acid pickling roll market.
- Technological: Advanced coatings on rolls help improve machine productivity and lifespan. Usage of integrated sensors for automated process monitoring gains traction.Key Takeaways
The global Acid Pickling Roll Market is expected to witness high growth, exhibiting CAGR of 3.5% over the forecast period 2023 to 2030, due to increasing industrial automation and focus on productivity enhancement. The market size for 2023 is estimated to be US$ 1,167 Mn.Regional analysis: Asia Pacific dominates the global market with over 40% share, led by China and India. Rapid infrastructural development and expanding manufacturing sector in the region propel the demand for acid pickling rolls.
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. Rising competition among major players leads to introduction of advanced and cost-effective roll systems.
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc.
