Lignosulfonates Market Outlook | Development Factors, Latest Opportunities and Forecast 2025
Category: #reports  By Rahul Sankrityayan  Date: 2020-06-15
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Lignosulfonates Market Outlook | Development Factors, Latest Opportunities and Forecast 2025

Lignosulfonates industry is slated to hit USD 973 million by 2024. Lignosulfonates Market is expected to witness a striking growth over the next few years, owing to the widespread product applications in oil well additives, animal feed binders, concrete admixtures, and dust control. Key factors driving lignosulfonates market growth include the rising global population along with the escalating demand for high-grade infrastructure facilities across the residential and non-residential sectors. 

Lignosulfonates industry size in the oil well additives sector, which was evaluated at USD 55 million in 2015, is anticipated to register a remarkable growth over the coming seven years. Growing explorations of oil wells across the Middle East and Africa and the U.S. will push the revenue. The product’s ability to act as a cement retardant across the oil well additives sector will further boost the growth.

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Top Key Players

  1. Borregaard LignoTech
  2. Tembec Inc.
  3. Sappi Limited
  4. Flambeau River Papers
  5. Nippon Paper Industries Co. Ltd.
  6. Domsjö Fabriker AB
  7. Burgo Group Spa
  8. Green Agrochem
  9. Shenyang Xingzhenghe Chemical Co. Ltd
  10. Qingdao Newworld Material Co Limited

Growth drivers are

  • Robust growth in construction sector
  • Increasing demand from animal feed industry

 

Asia Pacific lignosulfonates industry is expected to record notable gains of more than 4.5% over the years ahead, driven by the higher spending on construction activities across regions such as Japan, China, and India.

Magnesium, calcium, and sodium are the major lignosulfonates products. Sodium lignosulfonates industry size, which was estimated at USD 290 million in 2015, is projected to grow at a rate of over 3% during the period from 2016 to 2024. The growth can be ascribed to the product’s commercial use as a plasticizer across concrete admixtures and pellet binders in the animal food. High product preference for dust control applications over the traditional chloride substances will further boost the demand.

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Lignosulfonates market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in kilo tons & revenue in USD million from 2013 to 2024, for the following segments:

  • Lignosulfonates Products
    • Calcium Lignosulfonates
    • Sodium Lignosulfonates
    • Magnesium Lignosulfonates
  • Lignosulfonates Applications
    • Oil Well Additives
    • Concrete Admixture
    • Animal Feed Binder
    • Dust Control
    • Others

Browse complete Table of Contents (ToC) of this research report @  https://www.decresearch.com/toc/detail/lignosulfonates-market

Lignosulfonates industry share is highly consolidated with top six players contributing to more than 50% of the overall revenue in 2015. Industry players will try to increase their market share by implementing key business growth strategies such as product differentiation, strategic alliances and unique product developments. Domsjö Fabriker AB, Borregaard LignoTech, Nippon Paper Industries Company Limited, Tembec Incorporation, Green Agrochem, Burgo Group S.p.A., Qingdao New World Arts & Crafts Material Company Limited, Flambeau River Papers LLC, and Shenyang Xingzhenghe Chemical Company Limited are the key participants of Lignosulfonates market.

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About Author

Rahul Sankrityayan

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Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Technology Magazine, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experie...

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