NEW YORK, Nov. 17, 2023 /PRNewswire/ — The rochelle salt market is expected to grow by USD 97.61 million from 2023 to 2028. In addition, the growth momentum of the market will progress at a CAGR of 7.54% during the forecast period, according to Technavio. The increasing use of electronic devices is notably driving the rochelle salt market. However, factors such as Fluctuations in the availability and pricing of raw materials may impede market growth. The market is segmented 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). We provide a detailed analysis of 20 companies operating in the rochelle salt market 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.
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Rochelle Salt Market 2024-2028: Company Analysis
Beantown Chemical Corp – The company offers rochelle salt such as Potassium sodium L tartrate tetrahydrate ACS, 99.0 to 102.0 percent.
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Rochelle Salt Market 2024-2028: Segmentation
Type
- The industrial grade segment is estimated to witness significant growth during the forecast period. By catering to the diverse needs of various industries such as food, beverages, electronics, and pharmaceutical products, this segment plays an important role in stimulating overall market growth. Moreover, it is produced by the specific requirements of industry and characterized by its purity, consistent quality as well and distinctive characteristics that are very rare for Industrial Grade Rochelle salt.
- Application (F&B industry, electroplating, pharmaceuticals, and others)
Geography
- APAC is estimated to contribute 35% to the growth of the global market during the forecast period. Growth in the European market for Rochelle salt is expected to be driven by the increasing use of this salt in applications such as food processing, pharmaceutical manufacturing, metal treatment, and electronics. In addition, salt from Rochelle is used for the production of sodium in medicinal products all over the region. Furthermore, this product is used to preserve meat in the food industry.
- APAC, North America, Middle East and Africa, and South America
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Rochelle Salt Market 2024-2028: Key Highlights
- Historic Market Size 2018-2022
- CAGR of the market during 2024-2028
- Detailed information on factors that will assist rochelle salt market growth during the next five years
- Estimation of the rochelle salt market size and its contribution to the parent market
- Forecasts on upcoming trends and changes in consumer behavior
- The growth of the rochelle salt market
- Analysis of the competitive landscape and detailed information on companies
- Comprehensive details of factors that will impede the growth of rochelle salt market companies
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The indium tin oxide market size is estimated to grow at a CAGR of 5.24% between 2022 and 2027 with the market size forecast to increase by USD 213.87 million.
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Rochelle Salt Market Scope |
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Report Coverage |
Details |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.54% |
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Market growth 2024-2028 |
USD 97.61 million |
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Market structure |
Concentrated |
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YoY growth 2022-2023 (%) |
6.4 |
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Regional analysis |
Europe, APAC, North America, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 35% |
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Key countries |
US, India, China, Germany, and France |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Type
Market Segmentation by Application
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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 17,000 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.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com
SOURCE Technavio
