Enjoy complimentary customisation on priority with our Enterprise License!
The Rochelle salt market size is estimated to increase by USD 97.61 million and grow at a CAGR of 7.54% between 2023 and 2028. The market experiences growth propelled by the escalating utilization of electronic devices and a growing emphasis on piezoelectric materials. Additionally, the rising demand for potassium sodium tartrate in beverage manufacturing contributes to market expansion. However, challenges arise from the volatility in raw material availability and pricing, alongside health concerns. Moreover, stringent regulations and compliance requirements further impede market growth. Despite these obstacles, the increasing adoption of electronic devices and the versatility of piezoelectric materials continue to drive market momentum. Efforts to address raw material fluctuations and health hazards, coupled with compliance with regulatory standards, are crucial for sustaining market progression amidst these challenges.
To learn more about this report, Request Free Sample
The industrial grade segment is estimated to witness significant growth during the forecast period. This segment plays a major role in fuelling the overall market growth by catering to the diverse needs of industries across different sectors, such as food and beverages, electronics, and pharmaceuticals. In addition, the industrial-grade Rochelle salt is specifically manufactured to meet the requirements of industrial applications and is characterized by its high purity, consistent quality, and unique properties.
Get a glance at the market contribution of various segments View the PDF Sample
The industrial grade segment was the largest segment and was valued at USD 125.31 million in 2018. Moreover, one of the major factors fuelling the growth of the industrial grade segment in the global market is its application in the chemical industry. In addition, in the chemical industry, It is used due to its extensive use as a reagent or a component in various chemical processes. Furthermore, it acts as a complexing agent that helps in the deposition of a uniform and smooth metal coating on a substrate. In addition, its use ensures excellent plating quality and enhances the overall performance of the finished product. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
APAC is estimated to contribute 35% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
For more insights on the market share of various regions Download PDF Sample now!
Another region offering significant growth opportunities to market players is North America. The growing use in applications, including food processing, pharmaceuticals, metal treatment, and electronics, is expected to fuel the growth of the market in Europe. In addition, in the region, it is used in the pharmaceutical industry to produce saline. Moreover, it is used in the food industry for the preservation of meat. Furthermore, Europe is the largest market and is dominated by the UK, Germany, and other developed countries. Moreover, Russia is witnessing a surge in consumption due to its vast population and the rising demand by end-user industries. Hence, such factors drive the market growth in Europe during the forecast period.
Rochelle salt, also known as sodium potassium tartrate, is a white crystalline powder renowned for its piezoelectric effect. Widely utilized across various sectors, it finds applications in pharmaceuticals, metal treatment and electroplating, and food and beverages as a food additive and mild purgative. Additionally, it is a key component in solutions like Fehling's Solution and Fenton’s reagent used in laboratory reagents. Beyond its industrial uses, Rochelle salt is integral in the production of microphones and oscillators, serving as a piezoelectric crystal in electrical devices, transducers, and sensors. Its versatile properties make it indispensable in various applications across different industries. Cigarette paper and Seidlitz powder are common items in daily use. Meanwhile, ferroelectric crystals and monopotassium phosphate find applications in specialized industries. Earpieces and piezoelectric crystals are essential components in electronic devices and sensors.
One of the key factors driving the market growth is the increasing use of electronic devices. The rising use of electronic devices across various industries, such as automotive and pharmaceuticals is significantly contributing to the global market. In addition, the widespread adoption of electronic devices such as smartphones, tablets, laptops, and wearables has fuelled the need as a key component in their manufacturing processes.
Moreover, this increasing use of electronic devices is driven by various factors, including technological advancements, changing consumer preferences, and the growing reliance on digital solutions. In addition, the rapid growth of the smartphone industry has resulted in a surge in demand, which is utilized in the production of crystal oscillators and transducers found in these devices. Hence, such factors are positively impacting the market. Therefore, it is expected to drive the market growth during the forecast period.
A key factor shaping the market growth is the advancements in manufacturing technologies. The advancements in manufacturing technologies have played a major role in fuelling the global market. In addition, these advancements have revolutionized the production processes, allowing more efficient and cost-effective manufacturing.
Moreover, with the integration of advanced technologies, manufacturers can meet the increasing demand in various industries while maintaining high-quality standards. In addition, one of the major factors in advancements in manufacturing technologies is the implementation of automated systems. Furthermore, with the use of robotics, computer-controlled machinery, and advanced sensors, manufacturers can streamline production, ensuring consistent product quality and minimizing errors. Hence, such factors drive the market growth during the forecast period.
Health hazards are one of the key challenges hindering the market growth. Even though it is widely known for its widespread applications and benefits, several health hazards are associated with the compound, which can potentially limit the sales as well as the applications. In addition, overexposure of humans may lead to several health issues.
Moreover, some of the health issues include muscle weakness, gastrointestinal problems, increased urination, discomfort in the legs, anxiety, and numbness around the mouth, feet, and hands. In addition, direct contact with the compound with the eyes and skin may induce a burning sensation or irritation, while prolonged contact with the eyes may cause inflammatory conditions such as momentary redness in the conjunctiva. Hence, such factors hinder the market growth during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Beantown Chemical Corp: The company offers Rochelle salt such as Potassium sodium L tartrate tetrahydrate ACS, 99.0 to 102.0 percent.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Beantown Chemical Corp., Danaher Corp., Giovanni Randi Spa, Hefei TNJ Chemical Industry Co. Ltd., Merck KGaA, Novarina Srl, PAHI SL, Spectrum Laboratory Products Inc., Tartaros Gonzalo Castello SL., and Thermo Fisher Scientific Inc.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Market Customer Landscape
You may also interested in below market reports:
The Rochelle salt, also known as sodium potassium tartrate, is a white crystalline powder renowned for its piezoelectric effect. It finds diverse applications in various industries, including metal treatment and electroplating, manufacturing mirrors, and as a laboratory reagent. Moreover, it serves as a key component in food additives, particularly in baking powder formulas to leaven and stabilize textures by releasing carbon dioxide gas. Rochelle salt's mild purgative properties also make it useful in effervescent salts. With the increasing demand for sustainable goods production, Rochelle salt remains relevant in environmentally sustainable alternatives, especially in the food sector for jellies, jams, and other confections, appealing to health-conscious Millennials and other customers seeking low sugar choices.
Similarly, Tartaric acid is a crucial component in various industries, including bakery and confectionery products where it acts as a gelling ingredient in jellies and jams. It's also utilized in Fehling's Solution for organic synthesis and Fenton’s reagent for aqueous workups in crystallography of proteins. Additionally, it plays a role in ferroelectric crystals used in piezoelectric ceramics for electrical devices and electromechanical systems. Furthermore, tartaric acid's laxative qualities make it suitable for preserving meat and as an ingredient in laxatives. Its diverse applications across manufacturing industries, from small-sized to large-sized companies, underscore its significance in modern production techniques and precision equipment.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
162 |
|
Base year |
2023 |
|
Historic period |
2018-2022 |
|
Forecast period |
2024-2028 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 7.54% |
|
Market growth 2024-2028 |
USD 97.61 million |
|
Market structure |
Concentrated |
|
YoY growth 2023-2024(%) |
6.4 |
|
Regional analysis |
Europe, APAC, North America, Middle East and Africa, and South America |
|
Performing market contribution |
APAC at 35% |
|
Key countries |
US, India, China, Germany, and France |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
Beantown Chemical Corp., Danaher Corp., Giovanni Randi Spa, Hefei TNJ Chemical Industry Co. Ltd., Merck KGaA, Novarina Srl, PAHI SL, Spectrum Laboratory Products Inc., Tartaros Gonzalo Castello SL., and Thermo Fisher Scientific Inc. |
|
Market dynamics |
Parent market analysis, market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the market forecast period |
|
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.