Tartaric Acid to Gain from Increasing Worldwide Wine Consumption and Growth of Construction Industry : TMR News

Global tartaric acid market is expected to benefit from the increasing amount of wine production and consumption in emerging regions such as Asia Pacific and Latin America. The market is expected to exhibit a CAGR of 6.2% from 2014 to 2022, growing from its total value of US$1.85 billion in 2013 to be worth US$3.16 billion by 2022. The market totaled more than 80 kilo tons by volume in 2013.

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Albany, NY -- (SBWire) -- 06/10/2015 --Role of Wine in Global Tartaric Acid Market: Production to Remain Prominent Source, Consumption to Remain Major Contributor

One of the two processes of obtaining tartaric acid involves the residue obtained from wine production, called lees. It is a byproduct of the fermentation of grape juice through yeast. Grapes, which naturally contain tartaric acid, leave behind a residue rich in potassium tartrate, a salt of tartaric acid. Potassium tartrate is further refined to procure natural tartaric acid to be used in the food and beverages industry. The synthetic method of tartaric acid formation, on the other hand, employs maleic anhydride.

The key factor shaping consumption trends in the global tartaric acid market is the rejection of synthetic tartaric acid by the food and beverages industry. Only natural tartaric acid is used in the many applications in this industry, which include wine production and usage as an agent inducing the popular 'tart' taste in various other food items. This means that global production of tartaric acid is separated into an almost mutually exclusive pattern of natural tartaric acid being used in wine production and other dietary applications and synthetic tartaric acid being used in pharmaceutical and construction applications.

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Wine Production and Consumption in APAC and Latin America Boosting Global Tartaric Acid Market

The seasonal nature of natural tartaric acid production is a major restraint on the global tartaric acid market. Being entirely dependent on wine production, natural tartaric acid can't be obtained on a year-round basis. Synthetic tartaric acid, on the other hand, can be manufactured all year long.

Wine production was historically concentrated in Central Europe, with the U.S. being the only significant contender. The growing wine industries in Latin America and Asia Pacific, particularly Chile, Argentina, China, and Australia, have now provided the global tartaric acid market another outlet for increased production, even if only seasonal. Rising interest in wine consumption in the same regions is also boosting the downstream value chain of the indigenous tartaric acid industries.

Pharmaceutical, Construction Industries to Prop up Demand from Global Tartaric Acid Market

The non-dietary applications of tartaric acid are expected to gain strength in the forecast period, thanks to the restrictions on the production and utilization of natural tartaric acid.

Tartaric acid is used in the pharmaceutical industry to ameliorate the flavor of expectorants. The growing incidence of minor respiratory conditions owing to increasing pollution will help boost demand for tartaric acid from this application.

Tartaric acid is also used in various construction chemicals. This is expected to be a strong growth driver for the market during the forecast period, as the construction industry is one of the fastest growing industries around the world and is expected to pick up speed in emerging regions of the world. The construction industry in the Middle East, in particular, is expected to be the dominant regional segment for the global tartaric acid market, thanks to several government projects in countries such as the UAE, Saudi Arabia, Qatar, etc., and the construction work expected in Qatar for the FIFA World Cup 2022.

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