Global Pickling Chemicals Market Size, Share & Trends Analysis Report, By Form, By End Use, By Region Forecasts, 2023 - 2030

Global Pickling Chemicals Market Size, Share & Trends Analysis Report, By Form, By End Use, By Region Forecasts, 2023 - 2030

Global Pickling Chemicals Market was valued at US $ 933.5 MM in 2022 and is expected to reach US $ 1411 MM by 2030 growing at a CAGR of 5.3% during the forecast period 2023 – 2030.

The market for pickling chemicals offers a broad range of products, including acid solutions like sulfuric and hydrochloric acid, inhibitors, surfactants, and custom formulations that are carefully designed to meet the unique requirements of different industrial applications and the unique properties of different metals. The market's widespread use in numerous industries highlights how important it is. In particular, pickling chemicals play a major role in steel manufacture by cleaning and preparing steel surfaces for subsequent processing. These chemicals are also used by the automobile sector to guarantee the longevity and quality of automotive parts, and they are used in infrastructure development and construction to preserve the integrity of metal structures.

The development of environmentally friendly pickling solutions with lower emissions and environmental impact is becoming more and more important as environmental awareness and regulations rise. Innovation in the market is being fuelled by this drive towards sustainability, and the result is the development of safer, more effective, and ecologically friendly pickling chemicals. The pickling chemical market is a global industry, driven mostly by demand from areas that are seeing substantial growth and industrial activity. The state of the economy, developments in technology, and changes in environmental legislation have a big impact on demand and pricing in the market.

The market for pickling chemicals is growing as a result of the growing automobile sector. The critical role pickling chemicals play in guaranteeing the quality, durability, and safety of metal components used in car manufacture serves as evidence of this mutually beneficial relationship. The need for these compounds is growing as the global automobile industry expands. Chemicals used in pickling play a key role in preventing rust, preparing surfaces for coatings, and improving the overall strength and appearance of metal objects. Furthermore, pickling chemical makers have more room to grow in this market thanks to the automotive industry's global presence and its expansion into emerging markets. The intricate relationship between pickling chemicals and automobile production highlights how vital this sector is to supplying the changing demands of contemporary car manufacture. Sales of automobiles worldwide reached 66.7 million units in 2021, marking a significant recovery from the pandemic-induced decrease, according to Statista. This positive trajectory is expected to continue beyond 2022, according to forecasts. It is projected that the sales volume in 2023 would not surpass the levels observed in 2019, suggesting a slow rebound in the business.

“Aqueous Solution segment, by form, to be dominating market from 2023 to 2030.”

The aqueous solution segment has emerged as the leader in the pickling chemical business, mainly because of its extensive applicability and versatility across several industrial sectors. Aqueous solutions are frequently used in the steel, automotive, construction, and metal fabrication industries because they are excellent in eliminating rust, scale, and impurities from metal surfaces. Their cost-effectiveness, safety features, convenience of use, and environmental friendliness have cemented their supremacy and well-aligned with industrial demands for efficient, eco-friendly, and user-friendly solutions.

“Industrial Chemicals segment, by end use, to be dominating market from 2023 to 2030.”

Because industrial chemicals are so versatile and are used in so many different industrial sectors, this segment leads the pickling chemicals business. These substances are essential for guaranteeing that metals receive surface treatment and corrosion protection, which supports sectors like automotive, aerospace, manufacturing, construction, and energy. There is still a strong need for premium industrial pickling chemicals as economies and industrial activity develop. These substances are essential to maintaining high standards of quality and guaranteeing the dependability and safety of items made of metal.

“Asia Pacific to be fastest growing region in Pickling Chemicals market.”

A number of strong elements have combined to make the Asia-Pacific (APAC) region the pickling chemicals market's fastest-growing centre. The main force behind this is the world's fast industrialization, which is being led by nations like China and India. Pickling chemicals are essential for surface treatment and corrosion prevention in the metal industry, automobile, and infrastructure sectors that have benefited greatly from this upsurge in industrial activity. Numerous pickling chemical enterprises have grown rapidly in China and India because to their substantial metalworking sectors and fast modernization. The need for pickling chemicals is further increased by the expanding APAC automotive and construction industries, as metal components need to be properly prepared and protected. The region's growing infrastructure projects and urban landscapes also require large amounts of steel and metal, which increases the demand for these chemicals. More ecologically friendly pickling options have entered the market as a result of stricter environmental laws.

Pickling Chemicals Competitive Landscape

The competitive landscape of the Pickling Chemicals market involves assessing the competitive landscape to understand the strengths, weaknesses, opportunities, and threats of the industry. Key industry players have recognized that the adoption of Pickling Chemicals technology holds the potential for further growth. The growing desire among producers to optimize their production costs has spurred collaborative efforts among companies to scale up their production capacity. This strategic collaboration not only aims to increase revenue but also seeks to establish dominance in the market.

The Pickling Chemicals market is highly competitive, with numerous companies vying for market share. Prominent companies in the Pickling Chemicals Market include:

Septimo Chemicals PVT. Ltd. BASF SE, Surface Innovation LLP, Böhler Welding, Quaker Chemical Corporation, Chemtex Specialty Limited, Avesta Finishing Chemicals, Callington Haven Pty Ltd., Wilhelmsen, AICHELIN Group, Eastman Chemical Company, Henkel AG & Co. KGaA, Pittsburgh Plate Glass (PPG) Industries, Kyzen Corporation, NOF Metal Coatings Group, AXALTA Coating Systems, Atotech, Hubbard-Hall Inc. and others.

Recent developments:

The cutting-edge pickling method developed by Henkel, called Bonderite C-CP (""Cleanox""), is now being used by VDM Metals Group, a well-known German firm that specialises in nickel alloys and specialty stainless steels. This procedure eliminates the need for nitric acid (HNO3). This action is in line with the company's resolve to improve the sustainability of their production processes in order to meet market expectations within the metals industry.

Aiming to improve steel pickling processes at its Mishawaka, Indiana factory, Stripco Inc., a maker of flat rolled steel products, including cold rolled steel, has announced plans for an expansion project in 2020. The flat rolled steel processor will undertake this project by installing a cutting edge steel pickling line that uses The Material Works' EPS (Eco Pickled Surface) technology. Because EPS technology uses a slurry blasting technique instead of standard acid pickling processes for steel, it distinguishes out for its environmentally responsible approach.