The global pickling chemicals market is projected to exhibit a steady growth trajectory, with a forecasted Compound Annual Growth Rate (CAGR) of 5.3% to achieve a market value of US$ 1,647.54 million by the conclusion of 2033. By the end of 2023, the market is anticipated to reach a valuation of US$ 983 million, reflecting its ongoing expansion and significance within the chemical industry.
Pickling chemicals play a crucial role in various industries by facilitating the removal of scale, rust, and other impurities from metal surfaces. These chemicals are instrumental in ensuring the longevity and performance of metal products while also enhancing their aesthetic appeal. The global pickling chemicals market has witnessed steady growth over the years, owing to the increasing demand from industries such as automotive, construction, and manufacturing.
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Key Drivers of the Pickling Chemicals Market
- Growth in End-user Industries: Industries like automotive, construction, and manufacturing heavily rely on metal components. The expansion of these sectors, driven by factors such as urbanization and industrialization, boosts the demand for pickling chemicals.
- Increasing Infrastructure Development: Ongoing infrastructure development projects worldwide, including bridges, highways, and railways, require corrosion-resistant and aesthetically appealing metal structures. Pickling chemicals help achieve these qualities.
- Rising Demand for Stainless Steel: Stainless steel, widely used in various applications due to its corrosion resistance, relies on pickling processes for surface preparation, further driving the pickling chemicals market.
- Regulatory Compliance: Stringent environmental regulations have led to the development of eco-friendly pickling chemicals, which are in demand due to their reduced environmental impact.
Key Players for the Global Pickling Chemicals Market
- Callington Haven Pty Ltd.
- Wilhelmsen
- Avesta Finishing Chemicals
- Quaker Chemical Corporation
- Chemtex Specialty Limited
- Böhler Welding
- BASF SE
- Surface Innovation LLP
- Septimo Chemicals pvt. Ltd.
- Hereford & Shropshire Galvanizers
- Lakum-KTL
- Yau Sang Galvanizers (Hot-Dip) Company Limited
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Market Segments for the Global Pickling Chemicals Market
Globally the diverse market of pickling chemicals can be segmented on the basis of form, process and end-use sector
Form:
- Aqueous solution
- Paste or gel
- Concentrated solution
End Use Sector:
- Steel and Metallurgy
- Steel and Metal Recycling Industries
- Industrial Chemical
- Food & Beverages
- Water or waste water treatment Equipment
- Electroplating
- Others
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa
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