Lignosulfonates Market Share Analysis and Research Report by 2025
Category: #reports  By Rahul Sankrityayan  Date: 2020-04-14
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Lignosulfonates Market  Share Analysis and Research Report by 2025

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. The product is basically used as a water-reducing chemical and is available at affordable costs, which explains its huge popularity amidst numerous end-use sectors.

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The thriving construction sector is expected to create lucrative growth opportunities for lignosulfonates industry, driven by the mounting product usage as a water-reducing agent in cement admixtures for enhancing its utility across construction activities at elevated temperatures. Cement admixture applications, which contributed to more than 25% toward lignosulfonates market size in 2015, are expected to witness a massive growth over the coming years. The growth can be attributed to high product usage in the construction projects.

Top Companies

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

Growth Drivers

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

 

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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.

Considering the regional trends, North America lignosulfonates market, which produced a revenue of USD 130 million in 2015, is expected to display a substantial growth over the next few years. The growth can be attributed to thriving Animal Feed Additives Market across the region.  The U.S. is projected to make substantial contributions towards the regional revenue.

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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.

Read More:

  1. Asia Pacific Expanded Polyethylene (EPE) Foam Market  Demand, Recent Trends and Developments Analysis 2025
  2. Oilfield surfactants market Research Report, Growth Forecast 2025
  3. Automotive Coatings Market Share Analysis and Research Report by 2025

 



About Author

Rahul Sankrityayan

Email: [email protected]   

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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