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The Rochelle salt market size is estimated to grow at a CAGR of 7.54% between 2023 and 2028. The market size is forecast to increase by USD 97.61 million.
This Rochelle salt market report extensively covers market segmentation by type (industrial grade and food grade), application (F&B industry, electroplating, pharmaceuticals, and others), and geography (Europe, APAC, North America, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2018 - 2022.
The growth of the market depends on several factors, such as the increasing use of electronic devices, the rising focus on piezoelectric materials, and the rising demand for potassium sodium tartrate in the manufacturing of beverages.
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Rochelle salt is a type of crystalline compound known scientifically as potassium sodium tartrate. Rochelle salt has a variety of applications due to its unique properties. It is highly soluble in water, and its crystals have piezoelectric properties, which means that they can generate an electric charge when subjected to mechanical stress. This property makes Rochelle salt valuable in the production of certain types of transducers and electromechanical devices, such as microphones and crystal oscillators. Additionally, Rochelle salt is used in the field of medicine as a laxative and in the production of certain pharmaceuticals.
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.
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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 Rochelle salt market is its application in the chemical industry. In addition, in the chemical industry, Rochelle salt is used due to its extensive use as a reagent or a component in various chemical processes. Furthermore, the Rochelle salt 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.
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Another region offering significant growth opportunities to market players is North America. The growing use of Rochelle salt in applications including food processing, pharmaceuticals, metal treatment, and electronics is expected to fuel the growth of the Rochelle salt market in Europe. In addition, in the region, Rochelle salt 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 Rochelle salt market and is dominated by the UK, Germany, and other developed countries. Moreover, Russia is witnessing a surge in the consumption of Rochelle salt 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.
One of the key factors driving the Rochelle salt 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 Rochelle salt market. In addition, the widespread adoption of electronic devices such as smartphones, tablets, laptops, and wearables has fuelled the need for Rochelle salt 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 for Rochelle salt, 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 Rochelle salt market growth is the advancements in manufacturing technologies. The advancements in manufacturing technologies have played a major role in fuelling the global Rochelle salt market. In addition, these advancements have revolutionized the production processes, allowing more efficient and cost-effective manufacturing of Rochelle salt.
Moreover, with the integration of advanced technologies, manufacturers can meet the increasing demand for Rochelle salt 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 the production of Rochelle salt, ensuring consistent product quality and minimizing errors. Hence, such factors drive the market growth during the forecast period.
Health hazards from Rochelle salt are one of the key challenges hindering the Rochelle salt market growth. Even though Rochelle salt 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 of Rochelle salt. In addition, overexposure of humans to Rochelle salt 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.
Global Rochelle Salt Market Customer Landscape
Rochelle Salt 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 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 forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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