Pickling Chemicals Market Size & Share, by Form (Aqueous solution, Paste or gel, Concentrated solution); Application (Steel and Metallurgy, Steel and Metal recycling Industries, Industrial Chemical, Food & Beverages, Waste water Treatment Equipment, Electroplating) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5587
  • Published Date: Jan 31, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Pickling Chemicals Market size is expected to reach USD 1.75 Billion by the end of 2036, growing at a CAGR of 5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of pickling chemicals was over USD 980 Million. The escalating demand from industries like steel, automotive, and electronics is driving the growth of the market. As manufacturing activities expand globally, the need for effective metal surface treatment to enhance corrosion resistance and product quality becomes paramount. As observed by Research Nester analysts, the manufacturing sector contributed USD 6 trillion, or 17 %, to the global GDP of USD 39 trillion in 2019. Pickling chemicals play a vital role in preparing metal surfaces, driving their increased adoption. Additionally, the emphasis on environmentally sustainable formulations, technological advancements, and stringent quality standards further propels pickling chemicals market growth, positioning pickling chemicals as essential solutions for diverse industrial applications and contributing to the overall economic development of key sectors.

Furthermore, Industrial and manufacturing processes often involve the use of metals that require surface treatment for enhanced quality and performance. With the ongoing trend of industrialization and the establishment of new manufacturing facilities worldwide, the demand for pickling chemicals is expected to increase.


Pickling-Chemicals-Market
Get more information on this report: Request Free Sample PDF

Pickling Chemicals Market: Growth Drivers and Challenges

Growth Drivers

  • Rising Focus on Energy Efficiency- Energy-efficient pickling processes are gaining traction as industries seek ways to reduce energy consumption and operational costs. Pickling chemicals that contribute to energy-efficient surface treatment processes are likely to experience increased demand as companies prioritize sustainability and cost-effectiveness.
  • Growing Demand from the Automotive Industry- The automotive industry extensively uses pickling chemicals for surface treatment of metal components, such as car bodies and engine parts. As the automotive sector continues to grow globally, driven by increasing vehicle production and demand, the need for pickling chemicals is expected to rise.
  • Expansion of the Construction Sector- Pickling chemicals play a crucial role in preparing metal surfaces for equipment & materials like steel beams and structures. The expanding construction industry undergoing infrastructure development contributes to the increased use of pickling chemicals. The global construction industry’s output is expected to grow by an average of 3.7% per annum between 2021 and 2025. This would provide extensive opportunities for the pickling chemicals market.
  • Stringent Environmental Regulations- Environmental regulations mandating the use of eco-friendly and low-emission chemicals in industrial processes have led to the development of environmentally sustainable pickling chemicals. Companies complying with these regulations are likely to see increased demand for their product, as industries seek alternatives that meet environmental standards.

Challenges

  • Rising Raw Material Costs- Pickling chemicals are often derived from raw materials like acids and inhibitors. Fluctuations in the prices of these raw materials can significantly impact production costs. Rising costs may lead to increased prices for pickling chemicals, affecting the pickling chemicals market competitiveness.
  • Economic uncertainties, such as recessions or financial crises, can impact the overall demand for industrial products, including those requiring pickling processes.
  • Strict environmental regulations, particularly regarding the disposal and emissions of chemical substances, pose a challenge for the pickling chemical industry.

Pickling Chemicals Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~ 5%

Base Year Market Size (2023)

~ USD 980 Million

Forecast Year Market Size (2036)

~ USD 1.75 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Get more information on this report: Request Free Sample PDF

Pickling Chemicals Segmentation

Form (Aqueous solution, Paste or gel, Concentrated solution)

Aqueous solution segment is estimated to hold 56% share of the global pickling chemicals market by 2036. Aqueous solutions offer advantages such as ease of application, uniform coverage, and reduced environmental impact compared to other forms. Industries, especially in metal processing, automotive, and construction, prefer aqueous pickling solutions due to their efficiency in removing impurities and scales from metal surfaces while aligning with environmental regulations. The aqueous solutions' versatility, cost-effectiveness, and compatibility with various metals contribute to its dominance in the market.

Application (Steel and Metallurgy, Steel and Metal recycling Industries, Industrial Chemical, Food & Beverages, Waste water Treatment Equipment, Electroplating)

The steel and metallurgy segment are estimated to hold a major revenue share in the global pickling chemicals market. This dominance is attributed to the extensive use of pickling chemicals in the surface treatment of metals, particularly steel, to remove impurities and enhance corrosion resistance. As the steel industry continues to grow globally, driven by infrastructure development and manufacturing demands, the demand for pickling chemicals remains high. As analyzed by Research Nester analyts the chemical surface treatment industry garnered a revenue of around USD 10 billion. The critical role of pickling in preparing metals for various applications within the steel and metallurgy sector positions it as the leading end-user segment in the market.

Our in-depth analysis of the global pickling chemicals market includes the following segments:

 

     Form

  • Aqueous solution
  • Paste or gel
  •  Concentrated solution

 

 

     Application

  • Steel and Metallurgy
  •  Steel and Metal recycling Industries
  •  Industrial Chemical
  •  Food & Beverages
  •  Waste water Treatment Equipment
  •  Electroplating

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Pickling Chemical Industry - Regional Synopsis

APAC Market Forecast

Asia Pacific Pickling Chemicals Market is expected to hold the largest market share, accounting for 38% of the global market. The region witnessed remarkable growth, propelled by rapid industrialization and robust expansion of manufacturing activities across the region. With key contributors such as China, India, and Japan, the demand for pickling chemicals has surged in tandem with the flourishing automotive, construction, and electronics sectors.  Nearly half of APAC manufacturers (44%) want to implement smart manufacturing in the upcoming year, with China (80%), Australia (60%) and India (59%) already utilizing some of its components. As these industries continue to scale up production, the need for efficient metal surface treatment becomes pivotal, driving the uptake of pickling chemicals. Moreover, the Asia Pacific region’s increasing focus on infrastructure development and urbanization further bolsters the demand for pickling chemicals in construction applications. While the market benefits from these growth factors, challenges include navigating environmental regulations and fostering sustainable practices. As the Asia Pacific region remains a global manufacturing hub, the market is poised for sustained expansion, supported by ongoing technological advancements and the continual pursuit of high-quality metal products.

North American Market Statistics

North American pickling chemicals market is set to exhibit significant revenue share, propelled by the thriving industrial and manufacturing sectors in the region. The automotive and construction industries, in particular, have been significant contributors to the escalating demand for pickling chemicals, which are essential for the surface treatment of metal components. The market has seen a surge in innovation, with a focus on eco-friendly formulations and advanced pickling technologies to align with stringent environmental regulations. Additionally, the increased emphasis on corrosion prevention and maintenance of metal quality has further driven the adoption of pickling chemicals. Despite these conditions, challenges such as fluctuating raw material costs and the need for continual advancements in safety standards persist. Overall, the North American Market remains dynamic, and poised for sustained growth as industries prioritize quality surface treatments to meet evolving consumer demands and regulatory standards.

Research Nester
Pickling-Chemicals-Market-size
Get more information on this report: Request Free Sample PDF

Companies Dominating the Pickling Chemicals Market

top-features-companies
    • Wilh. Wilhelmsen Holding ASA
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Callington Haven Pty Ltd.
    • Avesta Finishing Chemicals
    • Quaker Chemical Corporation
    •  BASF SE 
    • Chemtex Speciality Limited
    • voestalpine Böhler Welding Group GmbH  
    • SEPTIMO CHEMICALS PVT. LTD.
    • Lakum-KTL
    • YAU SANG GALVANIZING (HOT-DIP) CO., LTD.

In the News

  • Quaker Chemical Corporation and Houghton International Inc., companies with a combined 250 years of experience as providers of process fluids, chemical specialties, or technical expertise to the global primary metals and metalworking industry announced that they have entered into definitive merger agreements. The headquarters of both Quaker Chemical and Houghton International are located in Philadelphia.
  • In China, BASF has opened an Innovation and Technology Centre of Chemetall on surface treatment solutions

Author Credits:  Rajrani Baghel


  • Report ID: 5587
  • Published Date: Jan 31, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Rising focus on energy efficiency, growing demand for automotive industries, expansion of construction industry backed by industrialization and rapid urbanization are some of the major market growth driver.

The market size of pickling chemicals is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2024-2036.

The major players in the market are Callington Haven Pty Ltd., Avesta Finishing Chemicals, Quaker Chemical Corporation, BASF SE, Chemtex Speciality Limited, voestalpine Böhler Welding Group GmbH, SEPTIMO CHEMICALS PVT. LTD., Lakum-KTL YAU SANG GALVANIZING (HOT-DIP) CO., LTD. and others.

The aqueous solution segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Pickling Chemicals Market Report Scope
logo
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying