Global Rochelle Salt Market – Increasing Investments in the F&B industry to Boost Growth | Technavio

LONDON–(BUSINESS WIRE)–#Research–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.

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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
• Hach
• Merck
• Novarina
• Pahí
• Tártaros Gonzalo Castelló

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Rochelle salt market free of cost

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