Global Hot Rolled Pickled and Oiled
Market Report
2025
The Global Hot Rolled Pickled and Oiled market size is USD 2.8 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 7.20% from 2023 to 2030.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Hot Rolled Pickled and Oiled market size is USD 2800 million in 2023 and will expand at a compound annual growth rate (CAGR) of 7.20% from 2023 to 2030.
2021 | 2025 | 2033 | CAGR | |
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Global Hot Rolled Pickled and Oiled Market Sales Revenue | 121212 | 121212 | 121212 | 7.2% |
North America Hot Rolled Pickled and Oiled Market Sales Revenue | 121212 | 121212 | 121212 | 6% |
Europe Hot Rolled Pickled and Oiled Market Sales Revenue | 121212 | 121212 | 121212 | 6.3% |
Asia Pacific Hot Rolled Pickled and Oiled Market Sales Revenue | 121212 | 121212 | 121212 | 8.6% |
South America Hot Rolled Pickled and Oiled Market Sales Revenue | 121212 | 121212 | 121212 | 7% |
Middle East Hot Rolled Pickled and Oiled Market Sales Revenue | 121212 | 121212 | 121212 | 7.1% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Hot Rolled Pickled and Oiled Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The hot rolled pickled and oiled market refers to a process in which steel is first heated above its recrystallization temperature and then passed through a series of rollers to reduce its thickness. This process results in a product that is more uniform in size and shape, with improved physical and mechanical properties. It is driven by factors such as increasing demand for high-quality steel products, growing construction and infrastructure development activities, and the rising use of steel in the automotive industry. The market is expected to grow significantly in the coming years due to the increasing demand for sustainable and eco-friendly materials.
For instance, in 2020, NLMK USA announced the launch of a new hot-rolled pickling line at its Sharon, Pennsylvania facility. The line has a capacity of 1.2 million tons per year and will help the company meet the growing demand for hot-rolled pickled and oiled steel.
(Source: nlmk.com/en/media-center/press-releases/)
The demand for high-quality steel products is being driven by industries such as construction, automotive, and manufacturing. Hot rolled pickled and oiled products are known for their superior quality, which is why they are increasingly being used in critical applications such as structural components, pipelines, and machinery. Additionally, the demand for eco-friendly and sustainable materials is increasing due to concerns about climate change and environmental sustainability. Hot rolled pickled and oiled products are known for their recyclability and durability, which is driving demand for these products. Additionally, the pickling process used in the production of these products is relatively eco-friendly, as it does not generate toxic waste.
For instance, in 2021, ArcelorMittal announced the acquisition of Cleveland-Cliffs, a major producer of hot-rolled pickled and oiled steel in North America. The acquisition will allow ArcelorMittal to expand its presence in the region and strengthen its position in the global steel market.
(Source: www.clevelandcliffs.com/news/news-releases/detail/8/cleveland-cliffs-inc-completes-acquisition-of)
The hot rolled pickled and oiled market is benefiting from technological advancements in the production process, which are increasing efficiency, reducing costs, and improving the quality of the products. For example, advancements in automation and robotics are reducing the need for manual labor, while improvements in quality control are ensuring that products meet the required specifications.
For instance, in 2020, JSW Steel USA announced the acquisition of Acero Junction Holdings in Ohio, USA. The company specializes in the production of hot-rolled pickled and oiled steel.
The prices of raw materials like iron ore and coal are subject to fluctuations due to changes in global supply and demand. This can impact the cost of production for hot rolled pickled and oiled products, leading to increased prices for customers. Moreover, hot rolled pickled and oiled products face competition from alternative materials such as aluminum, composites, and plastics, which offer similar or even superior properties for certain applications. This can impact demand for hot rolled pickled and oiled products, particularly in industries where weight reduction is a priority.
The COVID-19 pandemic has had a significant impact on the global economy, and the hot-rolled pickled, and oiled market was not immune to its effects. The pandemic led to decreased demand for steel products, as many construction and infrastructure projects were put on hold due to lockdowns and supply chain disruptions. The pandemic also caused disruptions in the production and supply of hot rolled pickled and oiled products, leading to a shortage of materials and delayed delivery times. This, in turn, led to increased prices for hot rolled pickled and oiled products. However, the market has started to recover as economies worldwide are reopening, and construction and infrastructure projects are resuming. The demand for steel products is expected to increase in the coming years, and the hot rolled pickled and oiled market is also expected to grow.
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These major players in the hot rolled pickled and oiled market compete based on product quality, pricing, and customer service. They also compete through strategic partnerships, mergers and acquisitions, and investments in research and development to improve their product offerings and production processes. Overall, the competitive landscape of the hot rolled pickled and oiled market is highly dynamic, with new players entering the market and existing players striving to maintain their market position.
Top Companies Market Share in Hot Rolled Pickled and Oiled Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2023 and accounted for around 38% of the global revenue. The market is expected to grow in the coming years, driven by the growth of the construction and automotive industries, increasing demand for high-strength steel, and technological advancements in production processes. The construction industry in North America is a significant consumer of hot rolled pickled and oiled products, particularly in applications such as roofing, siding, and structural components.
Asia Pacific is the fastest-growing category as the construction industry in Asia Pacific is one of the largest in the world and is a significant consumer of hot rolled pickled and oiled products. As the construction industry continues to rise, the demand for hot rolled pickled and oiled products is also expected to increase. Moreover, hot rolled pickled and oiled products are known for their high strength and durability, which makes them suitable for use in various applications such as machinery, equipment, and pipelines. As demand for high-strength steel products continues to grow, the demand for hot rolled pickled and oiled products is also expected to increase.
The current report Scope analyzes Hot Rolled Pickled and Oiled Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, North America held the major market of more than 38% of the global revenue with a market size of USD 1064.00 million in 2023 and will grow at a CAGR of 6.0% from 2023 to 2030. The hot rolled pickled and oiled market in North America is characterized by technological advancements in production processes, quality control, and environmental sustainability. These advancements are driving the growth of the market by improving production efficiency, product quality, and environmental sustainability. According to Cognitive Market Research, the automotive industry is a significant consumer of hot rolled pickled and oiled products in North America, particularly in the United States and Mexico. As demand for automobiles continues to grow, the demand for hot rolled pickled and oiled products is also expected to increase. In conclusion, the North American hot rolled pickled and oiled market is expected to continue to grow in the coming years, driven by the growth of the construction and automotive industries, increasing demand for high-strength steel, and technological advancements in production processes.
According to Cognitive Market Research, with a market value of USD 896.00 million in 2023 and projected to expand at a CAGR of 6.30% from 2023 to 2030, Europe accounted for the majority of global revenue, accounting for over 32% of the total. The construction industry in Europe is a significant consumer of hot rolled pickled and oiled products, particularly in applications such as roofing, siding, and structural components. As the construction industry continues to rise, the demand for hot rolled pickled and oiled products is also expected to increase. According to Cognitive Market Research, hot rolled pickled and oiled products are known for their high strength and durability, which makes them suitable for use in various applications such as machinery, equipment, and pipelines. As demand for high-strength steel products continues to grow, the demand for hot rolled pickled and oiled products is also expected to increase. In conclusion, the European hot rolled pickled and oiled market is expected to continue to grow in the coming years, driven by the growth of the construction and automotive industries, increasing demand for high-strength steel, and technological advancements in production processes. The market is competitive, with major players such as ArcelorMittal, Tata Steel, and ThyssenKrupp competing on product quality, pricing, and customer service.
According to Cognitive Market Research, Asia Pacific held a considerable market share in 2023, accounting for more than 23% of the global revenue with a market size of USD 644.00 million in 2023 & is projected to grow at a CAGR of 8.60% from 2023 to 2030. The region includes countries - China, India, Japan, South Korea, and Australia, and is characterized by a rapidly developing industrial infrastructure, a large construction industry, and a high demand for steel products. According to Cognitive Market Research, the automotive industry is a significant consumer of hot rolled pickled and oiled products in Asia Pacific, particularly in countries like China, Japan, and South Korea. As demand for automobiles continues to grow, the demand for hot rolled pickled and oiled products is also expected to increase. In conclusion, the Asia Pacific hot rolled pickled and oiled market is expected to continue to grow in the coming years, driven by the growth of the construction and automotive industries, increasing demand for high-strength steel, and technological advancements in production processes.
According to Cognitive Market Research, Latin America accounted for more than 5% of the global hot rolled pickled and oiled revenue in 2023 with a market size of USD 140.00 million in 2023 and will grow at a CAGR of 7.0% from 2023 to 2030 The market is driven by the growing demand for steel products in various applications, including automotive, construction, and heavy machinery. The region is characterized by a developing industrial infrastructure, which is expected to boost the demand for steel products in the coming years. According to Cognitive Market Research, Brazil is the largest market for hot rolled pickled and oiled products in Latin America, due to its large construction industry and growing automotive sector. Other significant markets in the region include Mexico, Argentina, and Chile. In conclusion, the Latin American hot rolled pickled and oiled market is expected to continue to grow in the coming years, driven by the growth of the construction and automotive industries, increasing demand for high-strength steel, and technological advancements in production processes. The market is highly competitive, with major players such as ArcelorMittal, Nucor Corporation, and POSCO competing on the basis of product quality, pricing, and customer service.
According to Cognitive Market Research, the Middle East and Africa accounted for more than 2% of the global revenue in 2023 with a market size of USD 56.00 million in 2023 and will grow at a CAGR of 7.1%. The market is driven by the growth of the construction and automotive industries in the region, which are significant consumers of HRPO products. The region is also home to several large oil and gas companies, which are major consumers of steel products for pipelines, drilling equipment, and other applications. According to Cognitive Market Research, the automotive industry is a significant consumer of HRPO products in the MEA region, particularly in countries such as UAE and South Africa. As demand for automobiles continues to grow, the demand for HRPO products is also expected to increase. In conclusion, the MEA HRPO market will continue to grow in the coming years, driven by the growth of various end-use industries and increasing demand for high-quality steel products. However, the market is also subject to various challenges, such as political instability, volatile raw material prices, and intense competition, which could impact market growth.
Global Hot Rolled Pickled and Oiled Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Hot Rolled Pickled and Oiled Industry growth. Hot Rolled Pickled and Oiled market has been segmented with the help of its Type, Application , and others. Hot Rolled Pickled and Oiled market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, sulfuric acid oil held the major market share over the forecast period due to its low cost and high efficiency. Sulfuric acid oil is preferred over hydrochloric acid oil due to its lower cost, higher efficiency, and lower environmental impact. It is also less corrosive, which reduces the risk of damage to the steel surface during the pickling process. As a result, sulfuric acid oil is widely used in the production of hot rolled pickled and oiled products, particularly in industries such as construction, automotive, and manufacturing.
Hydrochloric acid oil is the fastest-growing category over the forecast period. It is known to provide a superior surface finish compared to sulfuric acid oil. This is due to its ability to remove surface impurities and contaminants more effectively, resulting in a cleaner and more even surface finish. It remains a popular choice for few applications due to its ability to provide a superior surface finish, high reactivity, and suitability for high-strength steel products.
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According to Cognitive Market Research, automobile segment holds a prominent market share as hot rolled pickled and oiled products are widely used in the automotive industry to produce high-strength, lightweight steel components for vehicles. As demand for more fuel-efficient and eco-friendly vehicles continues to grow, the use of hot rolled pickled and oiled products in the automotive industry is also expected to increase.
Mechanical segment is the fastest-growing category over the forecast period, as it includes applications such as pipelines, structural components, and machinery, which are used in infrastructure development projects such as construction, oil and gas, and power generation. As demand for infrastructure development continues to grow, the demand for hot rolled pickled and oiled products in the mechanical segment is also expected to increase.
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Research Analyst at Cognitive Market Research
Enthusiastic and analytical market research professional with 2 years of hands-on experience in tracking market trends, evaluating consumer behavior, and supporting strategic decision-making. Proficient in designing surveys, conducting interviews, and synthesizing insights from both primary and secondary sources. Successfully contributed to research projects across sectors such as retail, personal care, and industrial markets. Brings a keen eye for detail, strong data interpretation skills, and a passion for uncovering what drives markets forward. Comfortable working in fast-paced environments and collaborating across departments to deliver clear, actionable findings.
Ashwini Moharir is a market research professional with over 2 years of hands-on experience in delivering strategic insights and data-driven analysis across the healthcare and food & beverage sectors. She specializes in gathering and interpreting market data to support business decisions, product development, and competitive positioning.
With a foundation in teaching and research & development, Ashwini brings a well-rounded perspective that enhances her approach to market analysis. Her ability to combine academic rigor with practical industry knowledge allows her to uncover deeper insights and provide actionable recommendation.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Hot Rolled Pickled and Oiled Market is witnessing significant growth in the near future.
In 2023, the Sulfuric Acid Oil segment accounted for noticeable share of global Hot Rolled Pickled and Oiled Market and is projected to experience significant growth in the near future.
The Automobile segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Posco , Koddaert and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
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Type | Sulfuric Acid Oil, Hydrochloric Acid Oil |
Application | Automobile, Mechanical |
List of Competitors | Posco, ArcelorMittal, Koddaert, Big River Steel, Sahaviriya Steel Industries, HRPO, Impact Steel, Amerex, Grand Steel, BSi Steel, Metaltech Products, Salzgitter Mannesmann International GmbH |
This chapter will help you gain GLOBAL Market Analysis of Hot Rolled Pickled and Oiled. Further deep in this chapter, you will be able to review Global Hot Rolled Pickled and Oiled Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Hot Rolled Pickled and Oiled. Further deep in this chapter, you will be able to review North America Hot Rolled Pickled and Oiled Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Hot Rolled Pickled and Oiled. Further deep in this chapter, you will be able to review Europe Hot Rolled Pickled and Oiled Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Hot Rolled Pickled and Oiled. Further deep in this chapter, you will be able to review Asia Pacific Hot Rolled Pickled and Oiled Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Hot Rolled Pickled and Oiled. Further deep in this chapter, you will be able to review South America Hot Rolled Pickled and Oiled Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Hot Rolled Pickled and Oiled. Further deep in this chapter, you will be able to review Middle East Hot Rolled Pickled and Oiled Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Hot Rolled Pickled and Oiled. Further deep in this chapter, you will be able to review Middle East Hot Rolled Pickled and Oiled Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Hot Rolled Pickled and Oiled. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Hot Rolled Pickled and Oiled market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 13 Research Methodology and Sources
Why Sulfuric Acid Oil have a significant impact on Hot Rolled Pickled and Oiled market? |
What are the key factors affecting the Sulfuric Acid Oil and Hydrochloric Acid Oil of Hot Rolled Pickled and Oiled Market? |
What is the CAGR/Growth Rate of Automobile during the forecast period? |
By type, which segment accounted for largest share of the global Hot Rolled Pickled and Oiled Market? |
Which region is expected to dominate the global Hot Rolled Pickled and Oiled Market within the forecast period? |
Segmentation Level Customization |
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Country level Data Customization |
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Company Level |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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