LONDON--(BUSINESS WIRE)--The global Rochelle salt market is expected to grow at a CAGR of more than 5% during the period 2018-2022, according to a new market research study by Technavio.
The report categorizes the global Rochelle salt market by applications such as in the F&B industry, electroplating, pharmaceuticals, and others. The report also determines the geographic breakdown of the market in terms of detailed analysis and impact, which includes key geographies such as APAC, the Americas, and EMEA.
Save more with Technavio. Buy 2 Technavio reports and get the third for free: View our latest discounts and promotions
Market driver: increasing investments in the F&B industry
Rochelle salt, also known as potassium sodium tartrate, is a vital component used in the F&B industry. It is used as a precipitant in protein crystallography and an ingredient in biuret reagent to measure the concentration of protein. In addition to its function as an additive, it is also used for manufacturing pectin and gelatins.
“The global F&B industry is expected to grow at a CAGR of around 5% during the forecast period, and this will have a direct impact on the global Rochelle salt market. Manufacturers focus on increasing production speed and output, and competitive pricing is expected to be one of the key factors for the growth of the market during the forecast period,” says a senior analyst at Technavio for specialty chemicals research.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Market trend: increasing popularity of piezoelectric roads
Piezoelectric materials generate electrical current when flexed or subjected to stress. This is known as the Piezoelectric effect. The material generates an alternating current voltage when put under pressure or vibration. Piezoelectricity is recognized as clean energy. In the US, numerous projects are undertaken to generate renewable technologies. In 2016, the California Energy Commission (CEC) granted USD 2 million for R&D activities and tests to establish the efficacy of piezoelectric materials in roads. Similarly, in India, smart roads or smart highways have been gaining ground.
Market challenge: low profitability due to the presence of many unorganized players
India, China, and other developing countries have major unorganized players that supply Rochelle salt in APAC. The presence of many unorganized manufacturers and suppliers in this region has had a high impact on the global market. Vendors focus on imports from the major developed countries where Rochelle salt is manufactured. Developed countries such as the US, Japan, and Germany are the major producers of Rochelle salt. In APAC, vendors depend on suppliers for raw materials, which poses a challenge to the manufacturers of Rochelle salt.
Is your business on track for a successful future? Learn how Technavio can help
Technavio helps businesses anticipate changes in their marketplace, make proactive adjustments, and develop effective strategies to optimize their market positions.
Some of the companies in the market
- BEANTOWN CHEMICAL
- Hach
- Merck
- Novarina
- Pahí
- Tártaros Gonzalo Castelló
Get a sample copy of the global Rochelle salt market free of cost
Access Technavio’s continuously growing specialty chemicals research library and find expert analysis on hundreds of markets.
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
