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.
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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.
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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.
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Some of the companies in the market
- BEANTOWN CHEMICAL
- Tártaros Gonzalo Castelló
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