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Lignosulfonates Market Size to witness heavy growth prospects via additives sector by 2024

Author : Ronak Bora | Published Date : 2019-08-08 

Lignosulfonates market size in the oil well additives sector, which was evaluated at USD 55 million in 2015, is anticipated to register a remarkable growth over the coming seven years. Growing explorations of oil wells across the Middle East and Africa and the U.S. will push the revenue. The product’s ability to act as a cement retardant across the oil well additives sector will further boost the growth.

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.

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The thriving construction sector is expected to create lucrative growth opportunities for lignosulfonates industry, driven by the mounting product usage as a water-reducing agent in cement admixtures for enhancing its utility across construction activities at elevated temperatures. Cement admixture applications, which contributed to more than 25% toward lignosulfonates market size in 2015, are expected to witness a massive growth over the coming years. The growth can be attributed to high product usage in the construction projects.

Animal feed binder applications are forecast to grow at CAGR of more than 4% over 2016-2024, driven by the product’s ability to increase the weight of animals. The product is also renowned to benefit the gastrointestinal tract of animals. Global animal feed size, which was assessed at 970 million tons in 2015, is forecast to surpass 1 billion tons by 2024, which in turn, will favorably leverage the lignosulfonates industry value in the near future.

Lignosulfonates Market is expected to witness a striking growth over the next few years, owing to the widespread product applications in oil well additives, animal feed binders, concrete admixtures, and dust control. Key factors driving lignosulfonates market growth include the rising global population along with the escalating demand for high-grade infrastructure facilities across the residential and non-residential sectors.

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.

Asia Pacific lignosulfonates industry is expected to record notable gains of more than 4.5% over the years ahead, driven by the higher spending on construction activities across regions such as Japan, China, and India.

Lignosulfonates market share is highly consolidated with top six players contributing to more than 50% of the overall revenue in 2015. Industry players will try to increase their market share by implementing key business growth strategies such as product differentiation, strategic alliances and unique product developments. Domsjö Fabriker AB, Borregaard LignoTech, Nippon Paper Industries Company Limited, Tembec Incorporation, Green Agrochem, Burgo Group S.p.A., Qingdao New World Arts & Crafts Material Company Limited, Flambeau River Papers LLC, and Shenyang Xingzhenghe Chemical Company Limited are the key participants of Lignosulfonates market.

Glimpse of Table of Content (ToC)

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

Chapter 5     Lignosulfonates Application Insights

5.1      Lignosulfonates market share by application, 2015 & 2024

5.2      Oil Well Additives

5.2.1   Global market estimates and forecast, 2013 - 2024

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

5.3      Concrete Admixture

5.3.1   Global market estimates and forecast, 2013 - 2024

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

5.4      Animal Feed Binder

5.4.1   Global market estimates and forecast, 2013 - 2024

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

5.5      Dust Control

5.5.1   Global market estimates and forecast, 2013 - 2024

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

5.6      Others

5.6.1   Global market estimates and forecast, 2013 - 2024

5.6.2   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

About Global Market Insights

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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