by Acid pickling rolls are vital for the acid pickling process in steel mills as they help remove the unwanted oxides and mill scale from the surface of steel strips or sheets. Pickling removes impurities from steel surfaces to prepare them for downstream processes like coating and galvanizing. The global acid pickling roll market is driven by the increasing steel production across regions. Steel mills worldwide use acid pickling rolls to prepare steel for further processing in their production lines.
Acid pickling rolls are circular rolls made of special steel alloys that can withstand the corrosive effects of acidic pickle liquor solutions. They help transfer steel sheets or coils through the pickling bath while preventing damage or contamination. The rolls enable uniform acid exposure and help control the thickness of steel during pickling. Their hardened surfaces offer excellent corrosion and wear resistance properties essential for this application. Pickling rolls ensure consistent processing and high-quality surface preparation of steel. 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:
Growing demand in Asia Pacific region – Asia Pacific dominates the global acid pickling roll market driven by the increasing steel production in China, Japan, and India. China is the largest steel producer worldwide and has numerous integrated steel mills using acid pickling rolls. The regional market is expected to grow at over 4% CAGR owing to capacity expansions and new steel plant projects underway in developing Asian countries.
Advancements in roll material – Manufacturers are focusing on developing acid pickling rolls with enhanced corrosion resistance, wear life, and surface hardness. New roll material formulations like high-speed steel and tungsten carbide coatings offer improved performance and lower maintenance costs. They help increase equipment uptime and reduce operating expenses of steel mills.
Porter’s Analysis
Threat of new entrants: The threat of new entrants to the Acid Pickling Roll Market is moderate. High initial capital requirement and established presence of existing players pose barriers for new players.
Bargaining power of buyers: The bargaining power of buyers is high. Presence of many suppliers gives buyers option to choose from various options at competitive prices.
Bargaining power of suppliers: The bargaining power of suppliers is moderate. Suppliers have differentiation in products but established relationships limit the potential for high prices.
Threat of new substitutes: Threat from new substitutes is low as acid pickling rolls have been used widely in core industries with no close substitutes available.
Competitive rivalry: The competitive rivalry in the market is high due to presence of many regional and global players competing on product quality, price and innovation.
Key Takeaways
The global Acid Pickling Roll Market is expected to witness high growth.
Regional analysis: Asia Pacific accounts for around 60% of the global market share. China dominates the regional market owing to presence of large number of steel plants. India and Japan also contribute significantly to market growth in the region.
Key players: Key players operating in the Acid Pickling Roll Market are Pri Metals Co., Ltd., PEW GMBH, Maytek S2 GMBH, Mining and Construction Machinery Co., Ltd., Bharathiya Traditional Steels, and Shanghai Pipe Corporation Co. Ltd. Pri Metals Co., Ltd. and PEW GMBH are prominent manufacturers.
