ALBANY, New York, April 4, 2016 /PRNewswire/ --
Transparency Market Research has released a new market report titled "Lignosulfonates Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024." According to the report, the global lignosulfonates market was valued at US$691.9 mn in 2015 and is anticipated to reach US$960.2 mn in 2024, expanding at a CAGR of 3.8% between 2016 and 2024.
Lignosulfonates are primarily recovered as byproducts during paper manufacturing from red or brown liquor through the sulfite pulping process. Commercially, lignosulfonates are available in various product forms such as calcium lignosulfonate, sodium lignosulfonate, and magnesium lignosulfonate. Sodium and calcium lignosulfonates are highly preferred in numerous applications such as concrete admixture, oil well additives, animal feed binder, dust control, and others (tiles & bricks, etc.). Growth in downstream industries that employ lignosulfonates is estimated to boost the market for lignosulfonates during the forecast period.
Sodium lignosulfonate was the largest product segment of the global lignosulfonate market, accounting for more than 40% share in 2015. Low cost and wide range of application are the key reasons for the dominance of sodium lignosulfonate. Calcium lignosulfonate was the second-largest product segment of the global lignosulfonate market in 2015. The segment is projected to maintain its position during the forecast period, considering the significant demand from animal feed binder and oil well additives segments.
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The construction industry is one of the major consumers of lignosulfonates. Lignosulfonates are typically used as concrete admixtures in the form of plasticizers and super plasticizers. Increasing demand for water reducing chemicals in the construction industry is likely to propel the global lignosulfonates market in the next few years. Lignosulfonates are used as water reducing chemicals and are preferred in high temperature regions where concrete mixtures are prepared with reduced water without altering the properties of concrete. Animal feed binder was the largest segment of the global lignosulfonates market, accounting for more than 35% share in 2015. It is likely to be the fastest-growing application segment from 2016 to 2024. Advantages such as improved palatability with reduced waste and minimal segregation in the feed are expected to increase the share of various lignosulfonates in the global animal feed binder market. Oil well additives and dust control are some of the other key applications that employ lignosulfonates. Lignosulfonates are primarily used as cement slurry retardants in the oil & gas industry. Significant increase in oil well exploration activities in the OPEC countries is anticipated to propel the demand for lignosulfonates in Middle East & Africa during the forecast period.
The global lignosulfonates market is moderately consolidated. Most manufacturers are expanding their global footprint by strengthening their distribution channels in developing regions to capture the untapped local markets. Key players in the lignosulfonates market include Borregaard LignoTech, Tembec Inc., Sappi, Flambeau River Papers, NIPPON PAPER INDUSTRIES CO., LTD., Domsjö Fabriker AB, Burgo Group Spa, Green Agrochem, Shenyang Xingzhenghe Chemical Co., Ltd., and Qingdao Newworld Material Co., Ltd.
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The report segments the global lignosulfonates market as follows:
Lignosulfonates Market - Product Analysis
- Calcium Lignosulfonate
- Sodium Lignosulfonate
- Magnesium Lignosulfonate
Lignosulfonates Market - Application Analysis
- Oil Well Additives
- Concrete Admixture
- Animal Feed Binder
- Dust Control
- Others (Including Tiles & Bricks, etc.)
Lignosulfonates Market - Regional Analysis
- Rest of North America
- Rest of Europe
- Rest of Asia Pacific
- Rest of Latin America
Middle East & Africa (MEA)
- South Africa
- Rest of MEA
Browse In detail Regional Analysis: http://www.europlat.org/global-lignosulfonates-market.htm
Browse Other Research Reports:
- Lignosulfonate-based Concrete Admixtures Market: http://www.transparencymarketresearch.com/asia-pacific-lignosulfonate-based-concrete-admixtures-market.html
- Lignin (Lignosulfonates, Kraft lignin and Others) Market: http://www.transparencymarketresearch.com/lignin-market.html
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