Global Lignosulfonates Market – Demand from Construction Industry to Boost Growth| Technavio

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LONDON–()–The global lignosulfonates market is expected to grow at a CAGR of more than 4% from 2017-2021, according to a new market research report by Technavio.

Global lignosulfonates market segmentation by application and product type

Technavio’s report on the global lignosulfonates market analyses the business dimensions and presents a comprehensive breakdown in terms of market segmentation by application which includes animal feed binder, concrete admixtures, oil well additives, and dust control/dust suppressant. As projected in 2016, around 33% of the market share originated from the animal feed binder segment. Lignosulfonates are added in animal feed as they are safe for poultry animals such as chickens, hens, pigs, and cattle.

Based on product type, the global lignosulfonates market has been segmented into sodium lignosulfonates, calcium lignosulfonates, and magnesium lignosulfonates. As of 2016, 43% of the market share came from sodium lignosulfonates.

“The key growth driver for the high consumption of sodium lignosulfonates during the forecast period is the growth in the construction industry as sodium lignosulfonate is in extensive demand due to its use in concrete admixtures. The increase in the disposable income, high investments in infrastructure development, and the growth in the population are factors fostering the growth in the construction industry. This is also expected to foster the growth in the global sodium lignosulfonate market during the forecast period,” says Mohd Shakeel Iqbal, a lead analyst at Technavio for plastics, polymers, and elastomers research.

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Lignosulfonates market: competitive vendor landscape

The global lignosulfonates market is characterized by the presence of many vendors. This market research study identifies Borregaard, Burgo Group, Rayonier Advanced Materials, Shenyang Xingzhenghe Chemical, and Wuhan Xinyingda Chemicals as the leading players in the global lignosulfonates market. Among the key vendors, Borregaard has one of the most advanced biorefineries, which produces eco-friendly biochemicals using natural and sustainable raw materials. These biochemicals can replace the oil-based products. Similar products are being offered by other players in the market.

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Other topics covered in the report:

Market drivers:

  • Increasing demand for environment-friendly products
  • Demand for lignosulfonates as water-reducing agents

Market challenges:

  • Substitutes of lignosulfonate
  • Regulations on wood products

Market trends:

  • Increasing investments in infrastructure
  • Growing exploration of oil wells

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Maria Burns

Maria Burns

Maria is a Viral News Editor who graduated from the University Of California. She likes social media trends, being semi-healthy, Buffalo Wild Wings and vodka with lime. When she isn’t writing, Maria loves to travel. She last went to Thailand to play with elephants and is planning a trip to Bali.
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