Market Insights
Lignosulfonates Market is likely to witness an impressive CAGR of 4.0% during the forecast period. The market is driven by robust growth in the construction sector. Lignosulfonates are primarily used as water-reducing chemicals, and they provide the required cement workability even at high temperatures. The major regions prone to severe problems associated with elevated temperatures, which reduce cement workability, are Asia-Pacific and the Middle East & Africa. Plasticizers are typically made from lignosulfonates, whereas superplasticizers are made from modified lignosulfonates. Infrastructure development and population growth in BRIC countries are likely to drive the lignosulfonates market in both the residential and non-residential sectors. Furthermore, the low cost of the product makes it more suitable for use in these countries, where the demand for water-reducing chemicals is extremely high. In the animal feed industry, lignosulfonate is primarily used as animal feed binder (pellet binder). It provides calcium and sodium, which act as inorganic electrolytes that are beneficial to animal health. Furthermore, it balances the beneficial bacteria in the animal body and promotes feed efficiency, increasing body animal weight by up to 10%. When calcium lignosulfonate is added to the feed, the cecal pH drops significantly. This is ultimately beneficial to the health of the animal's gastrointestinal tract. The above-mentioned factors are expected to drive the growth of the market during the forecast period.
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Lignosulfonates Market – Snapshot
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Growth
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4.0% for the next five years
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Major Product Type
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Sodium Lignosulfonate
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Major Application Type
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Animal Feed Binder
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Region with the highest demand
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Asia-Pacific
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Key Players
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Borregaard LignoTech., Burgo Group S.p.A., Domsjö Fabriker AB, Flambeau River Papers, Green Agrochem, Nippon Paper Industries Co., Ltd., Qingdao Newworld Material Co Limited, Sappi Limited, Shenyang Xingzhenghe Chemical Co., Ltd., and Tembec Industries Inc.
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Market Segments' Analysis
Lignosulfonates Market Share: By Product Type
Based on the product type, the market is segmented as calcium lignosulfonate, sodium lignosulfonate, and magnesium lignosulfonate. Sodium lignosulfonate is estimated to account for the major share of the market on account of its antimicrobial and preservative properties, fueling the segment’s growth during the forecast period. Furthermore, it is used in dust control applications as a substitute for conventional chloride materials.
Lignosulfonates Market Share: By Application Type
Based on the application type, the market is segmented as oil well additives, concrete admixture, animal feed binder, dust control, and others. Animal feed binder is estimated to register high growth in the market during the forecast period. The growth of the segment is owing to the product, offering a number of additional advantages, including a low-cost pellet binder in animal feed applications. It also aids in the maintenance of the animal's gastrointestinal health and the improvement of the animal's weight. Oil well additives, on the other hand, are expected to account for a significant share of the market during the forecast period on account of their extensive use as cement retardants in oil well additives application and growing oil well exploration in the United States and the Middle East & Africa, accelerating the overall industry growth.
Lignosulfonates Market Share: By Region
In terms of regions, Asia-Pacific is estimated to witness significant growth in the market during the forecast period on account of increasing construction expenditure in India, China, and Japan, fueling the regional market growth. North America is estimated to account for a significant share of the market, owing to the presence of a large number of animal feed mills in the U.S., which is expected to boost the growth of the regional market over the forecast period.
Market Scope & Segmentation
Lignosulfonates, also known as sulfonated lignin, are the byproducts from the production of wood pulp using sulfite pulping, which are used for various applications, such as to disperse pesticides and as plasticizers in making concrete. This sulfonated lignin is a water-soluble anionic polyelectrolyte polymer.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Lignosulfonates Market Research Report - Features
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Market Segmentation
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3
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Regions Covered
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4
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Countries/Sub-Regions Covered
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17
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No. of Figures & Tables
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>150
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Company Profiles
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10
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The Lignosulfonates Market is segmented into the following categories.
Lignosulfonates Market Size, Share, & Forecast, by Product Type:
- Calcium Lignosulfonate (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Sodium Lignosulfonate (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Magnesium Lignosulfonate (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Lignosulfonates Market Size, Share, & Forecast, by Application Type:
- Oil Well Additives (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Concrete Admixture (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Animal Feed Binder (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Dust Control (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Lignosulfonates Market Size, Share, & Forecast, by Region:
- North America (Country Analysis: the USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
- Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
Research Methodology
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to 3 players)
- SWOT analysis of key players (up to 3 players)
Market Segmentation
- Current market segmentation of any one of the product types by application type.
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.
