Dust control,
animal feed binder, concrete admixture, oil well additives are the prominent
applications of Lignosulfonates Market.
Animal feed binder application will exhibit the highest CAGR of more than 4%
over the period of 2013 to 2024, owing to its considerable demand subject to
the cost-effective factor.
The
construction industry across the globe is expanding at a rapid pace, which is
bound to stimulate Lignosulfonates market remarkably. Lignosulfonates are
mainly used as water reducing agent in cement concrete, especially across
regions that demonstrate elevated temperatures. The rapidly expanding animal
feed industry requires the usage of Lignosulfonates for animal feed additives,
which will further influence Lignosulfonates industry share. According to
Global Market Insights, Inc., “Lignosulfonates market collected a revenue of
USD 700 million in 2015 and will register an annual growth rate of more than
3.5% over the period of 2016 to 2024.”
Lignosulfonates
market share from oil well additives application has generated a revenue of 55
million in 2015 and is anticipated to grow lucratively over the coming seven
years. Additionally, the surging oil well exploration activities across MEA and
U.S. will also boost the demand for Lignosulfonates.
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Taking into account the product segment, Lignosulfonates
industry is mainly divided into magnesium, sodium, and calcium. Sodium based Lignosulfonates
industry was worth USD 290 million in 2015 and will register an annual growth
rate of more than 3% over the years ahead, primarily driven by its extensive
use as a pellet binder and plasticizer in concrete admixtures. In addition, the
increasing need for sodium based Lignosulfonates for animal feed additives
pertaining to its preservative and antimicrobial features will also augment the
product demand.
Lignosulfonates
industry finds applications in dust control, concrete admixtures, oil well
additives, and animal feed binders.
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Geographically, Asia Pacific Lignosulfonates market will grow at an
annual rate of 4.5% over the period of 2013 to 2024. The growth can be
attributed to the surging expenditure on the construction sector across
countries such as India, Japan, and China, which are deemed to be the prominent
revenue contributors. Moreover, growing requirement of animal feed across China
will also favor the industry growth.
In 2015, U.S. led North America Lignosulfonates industry by collecting
a revenue of more than USD 130 million and will grow significantly over the
coming timeframe, owing to the presence of a vast number of animal feed mills.
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The notable
players in Lignosulfonates market are Tembec Inc., Burgo Group S.P.A.,
Borregaard LignoTech, Nippon Paper Industries Co., Ltd., Qingdao New World
Material Co. Ltd., Domsjö Fabriker AB, Flambeau River Papers LLC., Shenyang
Xingzhenghe Chemical Co., Ltd., Green Agrochem, and Sappi Limited.
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