The global pickling chemicals market is expected to register a CAGR of 5.3% by garnering a market value of USD 1,647.54 million by the end of 2033. By 2023-end, the market is expected to reach a valuation of USD 983 million. The growth of the market can be attributed to:
With the development of new and improved pickling chemicals, the efficiency and effectiveness of the pickling process have improved. This has led to an increased demand for these chemicals in various industries.
Several governments around the world have implemented regulations to control the use of harmful chemicals in various industries. Pickling chemicals that are safe for the environment and human health are gaining popularity due to these regulations, leading to an increase in demand for these products.
Data Points | Key Statistics |
---|---|
Expected Market Value (2023) | USD 983 million |
Projected Market Value (2033) | USD 1,647.54 million |
Growth Rate (2023 to 2033) | 5.3% CAGR |
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The Asia Pacific region is home to some of the world's largest metal industries, such as China, Japan, and India. These industries are the primary consumers of pickling chemicals for surface treatment, and the increasing demand for metal products is expected to drive the growth of the pickling chemicals market in the region.
The food processing industry in the Asia Pacific region is rapidly expanding, and pickling chemicals are used in this industry to preserve food products. As the demand for processed food products increases in the region, the demand for pickling chemicals is expected to grow as well.
The Asia Pacific region is witnessing significant investments in infrastructure development, such as construction of buildings, bridges, and roads. Pickling chemicals are used in the manufacturing of construction materials, and the increasing demand for these materials is expected to drive the growth of the pickling chemicals market in the region.
Governments in the Asia Pacific region are implementing regulations to reduce the use of harmful chemicals and promote the use of eco-friendly chemicals. Pickling chemicals that are safe for the environment and human health are gaining popularity in the region due to these regulations.
The demand for pickling chemicals is expected to continue to grow in industries such as metal surface treatment, food processing, and oil and gas, among others. As more industries become aware of the benefits of pickling, the demand for pickling chemicals is expected to increase. Pickling is an effective way of removing impurities from metal surfaces, which helps to improve their corrosion resistance and durability.
The development of new and improved pickling chemicals has improved the efficiency and effectiveness of the pickling process. This has led to an increased demand for these chemicals in various industries. With the growing concern for the environment, there is an increasing focus on sustainable products. Pickling chemicals that are safe for the environment and human health are gaining popularity, and their demand is expected to increase in the future.
Emerging economies such as India and China are expected to drive the growth of the pickling chemicals market. These countries have large metal industries and are investing heavily in infrastructure development, which is expected to increase the demand for pickling chemicals.
Pickling chemicals are the special kind of chemicals which are utilized for the treatment of the surfaces of a metal including iron, copper, aluminum, and alloys for the removal of impurities like rust, scales, stains and other inorganic contaminants.
Continuous flow of water, concentrated water, various kinds of beverages, and many more substances through the piping and equipment in several process industries results in the formation of scales in the inner surfaces of the pipes and equipment which is essential to be removed otherwise it will result in the corrosion of the materials.
Metal surfaces and steel surfaces contains various kinds of impurities including scales, rust and many others which must be removed before using the material for a processing or before plating or electroplating the material substance.
Acid solutions like sulfuric acid, hydrochloric acid, nitric acid, phosphoric acid and others are mainly used as pickling chemicals for the surface treatment of carbon steel, stainless steel and other metal surfaces in various process industries such as, chemical industries, oil and gas refineries, electroplating industries and many more.
Increasing demand of processed food and beverages as well as production of specialty chemicals is anticipated to create significant growth opportunities for the pickling chemicals owing to the increasing use of the metal surfaces in the piping and equipment in various process industries.
Further the increasing manufacturing plants all over the world will give a boost to the usage of several metal surfaces mainly the stainless steel, carbon steel and other alloys which will indirectly enhance the demand of the pickling chemicals in the coming years.
Moreover, formations of rust in various metal surfaces used in several other sectors like electroplating, automotive, and power generation industries will cater considerable market growth opportunities for the pickling chemicals during the forecast period.
However, the production of sludge or hazardous substances after the pickling process as well as during the manufacturing of that chemical along with the presence of alternative materials, processes and technologies may restrict the demand of pickling chemicals. The impact of stringent regulations on permissible usage of chemicals may prompt the manufacturers of pickling chemicals to resort towards alternate formulations.
Asia pacific region is anticipated to be the prominent region for the pickling chemicals mainly in China, Vietnam, Indonesia and India owing to the presence of hefty number of chemical process industries, food and beverages and electroplating industries.
Latin America and Africa is expected to show a significant growth in the market of pickling chemicals during the forecast period due to growing industrial activities and establishment of various manufacturing plants. North America is another key region for the pickling chemicals market due to the presence of established chemicals processing industries, several recycling centers, food and beverage industries and many more.
Europe is expected to witness a moderate level growth rate during the forecasted period owing to the aging industries machinery and various tools and equipment in the manufacturing industries, as enormous number of industries have grown very old.
The growth opportunities for the pickling chemicals in the Middle East is expected to remain moderate in the coming years, however with the rise in the industrial growth, demand of pickling chemicals might attain a desirable growth to a certain extent.
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Some of the key market participants in the global pickling chemicals, identified across the value chain includes:
Market research report on the pickling chemicals presents a comprehensive evaluation containing thoughtful insights, facts and figures, historical data, statistically supported and industry validated market information. The pickling chemicals market report also consist of projections using appropriate sets of assumptions and methodologies.
The report provides in depth analysis and information according to market segments like geography, type, and applications.
The growing water treatment plants and waste water treatment plants is anticipated to witness a strong growth over the assessment period since the requirement of portable and clean water is growing each day.
As the waste water generation is increasing from chemical, processing and other industries, the demand for pickling chemicals will increase in the coming years since the water and waste water treatment plants’ equipment and pipeline system gets frequent formation of scales and rust. This is due to the dense amount of impurities present in the waste water.
Increasing usage of tools, equipment, pipeline systems, in processing industries and other chemical industries and growing recycling centers all over the globe is expected to boost the pickling chemicals market in the coming years.
Moreover the growing government rules and regulations regarding the hazardous chemicals manufacturing and utilization is expected to benefit the market of aqueous solutions pickling chemicals due to their comparatively low hazardous nature.
The global pickling chemicals market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on pickling chemicals market segments and geographies.
Globally the diverse market of pickling chemicals can be segmented on the basis of form, process and end use sector
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Form 6.2. End Use Sector 7. Global Market Analysis and Forecast, By Form 7.1. Aqueous solution 7.2. Paste or gel 7.3. Concentrated solution 8. Global Market Analysis and Forecast, By End Use Sector 8.1. Steel and Metallurgy 8.2. Steel and Metal Recycling Industries 8.3. Industrial Chemical 8.4. Food & Beverages 8.5. Water or waste water treatment Equipment 8.6. Electroplating 8.7. Others 9. Global Market Analysis and Forecast, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. South Asia 9.5. East Asia 9.6. Oceania 9.7. Middle East & Africa 10. North America Sales Analysis and Forecast, by Key Segments and Countries 11. Latin America Sales Analysis and Forecast, by Key Segments and Countries 12. Europe Sales Analysis and Forecast, by Key Segments and Countries 13. South Asia Sales Analysis and Forecast, by Key Segments and Countries 14. East Asia Sales Analysis and Forecast, by Key Segments and Countries 15. Oceania Sales Analysis and Forecast, by Key Segments and Countries 16. Middle East & Africa Sales Analysis and Forecast, by Key Segments and Countries 17. Sales Forecast by Form and End Use Sector for 30 Countries 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 19. Company Profile 19.1. Callington Haven Pty Ltd. 19.2. Wilhelmsen 19.3. Avesta Finishing Chemicals 19.4. Quaker Chemical Corporation 19.5. Chemtex Specialty Limited 19.6. Böhler Welding 19.7. BASF SE 19.8. Surface Innovation LLP 19.9. Septimo Chemicals pvt. Ltd. 19.10. Hereford & Shropshire Galvanizers 19.11. Lakum-KTL 19.12. Yau Sang Galvanizers (Hot-Dip) Company Limited
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