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Lignosulfonates Market 2019 By Regional Statistics, CAGR, Trend & Growth Forecast To 2024

Author : Rahul Varpe | Published Date : 2019-12-02 

Global Market Insights, Inc. has launched a report on Lignosulfonates Market that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere.

Global lignosulfonates market share witness robust competition from substitute products such as sulfonated melamine formaldehyde, polycarboxylic ether and sulfonated naphthalene formaldehyde owing to hamper industry growth over the forecast timeframe. Also, synthetic binders such as urea-formaldehyde, bentonite &clay, wheat, guar meal &starch are product substitute for animal feed binders which may further negatively influence business growth. However, increasing oil-well exploration in the Middle East &Africa along with escalating oil well additives demand has created new growth opportunities for lignosulfonates market size. In 2010, MEA oil production was over 23 million barrels and might exceed more than 28 million per day owing to complement industry growth.

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According to a new research report by Global Market Insights, Inc. Lignosulfonates Market size must reach USD 973 million by 2024.

Growth drivers are

  1. Robust growth in construction sector
  2. Increasing demand from animal feed industry

Strong growth in construction sector, particularly in Asia Pacific, is analyzed to be the main aspect propelling global lignosulfonates market size over the forecast timeframe. The product is mainly used in cement as a water reducing agent to upgrade its workability at high temperature. In addition, it has wide application spectrum in MEA and APAC as these regions are exposed to elevated temperature, which results in abased cement workability. Global lignosulfonates market share for cement admixture was significant market share contributor and accounted for over 25% of global volume in 2015 owing to high product demand from construction industry. Furthermore, low cost offers an added product advantage in these region, with high water reducing chemical demand.

Global lignosulfonates market size will USD 973 million by 2024, with projected 3.7% growth.

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In 2015, sodium lignosulfonates market size generated revenue more than USD 290 million. It is highly commercialized product and finds widespread application array such as plasticizers in concrete admixtures and pellet binders in animal feed industry.

Lignosulfonates market share for animal feed binders must witness maximum gains at over 4% CAGR. Rising awareness towards improving animal health will boost industry growth for this application.

In 2015, North America, mainly dominated by the U.S. lignosulfonates market size generated revenue more than USD 130 million. The regional growth was mainly driven escalating feed additives demand. However, Asia Pacific must experience highest gains over the forecast timeframe owing to increasing construction spending in China, Japan and India.

Table Of Content For This Research Report:

Chapter 3     Lignosulfonates Industry Insights

3.1      Lignosulfonates industry segmentation

3.2      Industry Size and forecast, 2013 - 2024

3.3      Industry ecosystem analysis

3.3.1   Distribution analysis

3.3.1   Vendor matrix

3.4      Lignosulfonates Industry Impact forces

3.4.1   Growth drivers   Robust growth in construction sector   Increasing demand from animal feed industry

3.4.2   Industry pitfalls and challenges   Product subsitution threat

3.5      Growth potential analysis

3.6      Porter’s analysis

3.7      Company market share analysis, 2015

3.7.1   Strategic dashboard

3.8      Price trend analysis

3.9      PESTEL analysis

Chapter 4     Lignosulfonates Product Insights

4.1      Lignosulfonates market share by product, 2015 & 2024

4.2      Calcium Lignosulfonate

4.2.1   Global market estimates and forecast, 2013 - 2024

4.2.2   Global market estimates and forecast, by region, 2013 - 2024

4.3      Sodium Lignosulfonate

4.3.1   Global market estimates and forecast, 2013 - 2024

4.3.2   Global market estimates and forecast, by region, 2013 – 2024

4.4      Magnesium Lignosulfonate

4.4.1   Global market estimates and forecast, 2013 - 2024

4.4.2   Global market estimates and forecast, by region, 2013 – 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/lignosulfonates-market

In 2015, lignosulfonates market share was highly consolidated and major industry participants including Nippon Paper Industries, Tembec, Borregaard, LignoTech, Burgo Group, Domsjö Fabriker, Qingdao New World Material, accounted over 50% of global share. Other industry contributors are Shenyang Xingzhenghe Chemical, Sappi, Flambeau River Papers and Green Agrochem.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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