Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Hot Rolled Pickled And Oiled Market: By Type, By Application and Geography
Hot Rolled Pickled And Oiled Market size was valued at US$ 3,457.6 million in 2023 and is poised to grow at a significant CAGR of 6.7% over 2024-2030. The manufacturer may prefer -Hot Rolled Pickled and Oiled (HRPO) Coil over Hot Rolled Coils and Cold Rolled Coils because it is an input raw material. Due to its distinctive qualities, HRPO offers a significant deal of promise for application in producing galvanized steel pipes. Since HRC was only available above 2mm thickness and CRC was the only material accessible below 2mm thickness when cold rolled-coils were first utilized to construct pipes, producers had no choice but to use CRC. After several years of development, HRC was finally available in thicknesses ranging from 1.2 mm to 2 mm; as a result, producers switched from CRC to HRC to realize significant cost reductions of $50 to $55 per metric tonne.
Furthermore, a new product known as HRPO entered the market with ongoing improvements and developments. It was the same HRC but had been further treated with pickling and oiling to provide additional benefits, and it quickly attracted the interest of about 70% of the manufacturers because it was readily adaptable and most suitable for various applications. Since the surface scales of iron oxides are eliminated throughout the production process to match the finished finish, HRPO had a superior surface quality to HRC. Better weldability, which prevents weld failures along the way and significantly reduces rework costs and scrap, is another benefit of HRPO material. Because of its superior quality and in-house manufacturing method, HRPO also lessens the potential for unevenness. As a result, it works well for most uses since it offers more strength, and the material also responds favorably to galvanizing. Increased shelf life and higher corrosion resistance come from the zinc coating's excellent surface finish and improved appearance of the finished product.
Additionally, the key players focusing on manufacturing divisions are being expanded by key businesses to meet the expanding demand. For instance, in October 2020, to boost the steel's production capacity, ArcelorMittal (Luxembourg) purchased Essar Steel India Ltd. Additionally, a joint venture between ArcelorMittal and Nippon Steels introduced the Stallion brand of hot-rolled pickled and oiled steel. The stallion will be offered in a selection of custom sizes and several finishes, including black or pickled and oiled. Therefore, all of these factors are anticipated to positively impact the growth of the hot-rolled pickled and oiled market during the anticipated period.
Study Period
2024 - 2030Base Year
2023CAGR
6.7%Largest Market
Asia PacificFastest Growing Market
North America
Scales left over from cooling from incredibly high temperatures can be seen on the surface of hot-rolled steel. However, particular uses for hot-rolled steel call for a smooth, even surface. These scales are removed off the surface of hot-rolled steel during the pickling process using water and other inorganic solutions. Hot Rolled Pickled and Oiled Steel, the process' output, is scale-free and perfect for applications requiring a clean, uniform surface and exceptional flatness. The main benefit or goal of pickling and oiling the steel is strengthening its protective qualities, particularly against rust. Thus, these advantages and benefits encourage the market's growth by increasing the consumption of hot-rolled pickled and oiled steel consumption in end-use industries. However, consuming a lot of steel materials and acids and waste acids & iron may restraint the market growth.
Report Benchmarks |
Details |
Report Study Period |
2024 - 2030 |
Market Size in 2023 |
US$ 3,457.6 million |
Market CAGR |
6.7% |
By Type |
|
By Application |
|
By Region |
|
Download Free Sample Report
The hot rolled pickled and oiled market is projected to expand at a CAGR of 6.7% during the forecast period
Amerex, Big River Steel, Metaltech Products, Posco, Kloeckner Metals, HYUNDAI STEEL, ArcelorMittal, Sahaviriya Steel Industries
North America is the fastest-growing region for hot rolled pickled and oiled market
1.Executive Summary |
2.Global Hot Rolled Pickled And Oiled Market Introduction |
2.1.Global Hot Rolled Pickled And Oiled Market - Taxonomy |
2.2.Global Hot Rolled Pickled And Oiled Market - Definitions |
2.2.1.By Type |
2.2.2.By Application |
2.2.3.By Geography |
2.2.4.Region |
3.Global Hot Rolled Pickled And Oiled Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4.Global Hot Rolled Pickled And Oiled Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5.Global Hot Rolled Pickled And Oiled Market By By Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
5.1. Sulfuric Acid Oil |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Hydrochloric Acid Oil |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
6.Global Hot Rolled Pickled And Oiled Market By By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
6.1. Automobile |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Mechanical |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Others |
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
7.Global Hot Rolled Pickled And Oiled Market By By Geography, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
7.1. North America |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Europe |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. The Asia Pacific |
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Latin America |
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. MEA |
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
8.Global Hot Rolled Pickled And Oiled Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
8.1. North America |
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Europe |
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Asia Pacific (APAC) |
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Middle East and Africa (MEA) |
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Latin America |
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
9.North America Hot Rolled Pickled And Oiled Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
9.1. By Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.1.1.Sulfuric Acid Oil |
9.1.2.Hydrochloric Acid Oil |
9.2. By Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.2.1.Automobile |
9.2.2.Mechanical |
9.2.3.Others |
9.3. By Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.3.1.North America |
9.3.2.Europe |
9.3.3.The Asia Pacific |
9.3.4.Latin America |
9.3.5.MEA |
9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.4.1.United States of America (USA) |
9.4.2.Canada |
10.Europe Hot Rolled Pickled And Oiled Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
10.1. By Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Sulfuric Acid Oil |
10.1.2.Hydrochloric Acid Oil |
10.2. By Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Automobile |
10.2.2.Mechanical |
10.2.3.Others |
10.3. By Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.North America |
10.3.2.Europe |
10.3.3.The Asia Pacific |
10.3.4.Latin America |
10.3.5.MEA |
10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Germany |
10.4.2.France |
10.4.3.Italy |
10.4.4.United Kingdom (UK) |
10.4.5.Spain |
11.Asia Pacific (APAC) Hot Rolled Pickled And Oiled Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
11.1. By Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Sulfuric Acid Oil |
11.1.2.Hydrochloric Acid Oil |
11.2. By Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Automobile |
11.2.2.Mechanical |
11.2.3.Others |
11.3. By Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.North America |
11.3.2.Europe |
11.3.3.The Asia Pacific |
11.3.4.Latin America |
11.3.5.MEA |
11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.China |
11.4.2.India |
11.4.3.Australia and New Zealand (ANZ) |
11.4.4.Japan |
11.4.5.Rest of APAC |
12.Middle East and Africa (MEA) Hot Rolled Pickled And Oiled Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
12.1. By Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Sulfuric Acid Oil |
12.1.2.Hydrochloric Acid Oil |
12.2. By Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Automobile |
12.2.2.Mechanical |
12.2.3.Others |
12.3. By Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.North America |
12.3.2.Europe |
12.3.3.The Asia Pacific |
12.3.4.Latin America |
12.3.5.MEA |
12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.GCC Countries |
12.4.2.South Africa |
12.4.3.Rest of MEA |
13.Latin America Hot Rolled Pickled And Oiled Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
13.1. By Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Sulfuric Acid Oil |
13.1.2.Hydrochloric Acid Oil |
13.2. By Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.Automobile |
13.2.2.Mechanical |
13.2.3.Others |
13.3. By Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.North America |
13.3.2.Europe |
13.3.3.The Asia Pacific |
13.3.4.Latin America |
13.3.5.MEA |
13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Brazil |
13.4.2.Mexico |
13.4.3.Rest of LA |
14. Competition Landscape |
14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
14.2.1.Grand Steel |
14.2.2.Impact Steel |
14.2.3.BSi Steel |
14.2.4.Salzgitter Mannesmann International |
14.2.5.Amerex |
14.2.6.Big River Steel |
14.2.7.Metaltech Products |
14.2.8.Posco |
14.2.9.Kloeckner Metals |
14.2.10.HYUNDAI STEEL |
14.2.11.ArcelorMittal |
14.2.12.Sahaviriya Steel Industries |
14.2.13.Koddaert |
14.2.14.HRPO |
14.2.15.Stock Car Steel |
15. Research Methodology |
16. Appendix and Abbreviations |
Key Market Players