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:
- Increasing demand for environment-friendly products
- Demand for lignosulfonates as water-reducing agents
- Substitutes of lignosulfonate
- Regulations on wood products
- Increasing investments in infrastructure
- Growing exploration of oil wells
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