Lignosulfonates Market: Introduction
Transparency Market Research delivers key insights on the global lignosulfonates market. In terms of revenue, the global lignosulfonates market is estimated to expand at a CAGR of 3.5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global lignosulfonates market.
The global lignosulfonates market is broadly affected by several factors, including increase in usage of lignosulfonates in various end-use industries such as animal feed binders, concrete additives, and dust control. The rise in the global demand for calcium lignosulfonates and sodium lignosulfonates has led to significant growth in the usage of lignosulfonates. The increase in production and demand for dust control is expected to be the primary driver of the global lignosulfonates market. The growth of the animal feed binders & concrete additives industry is also propelling the demand for lignosulfonates.
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Lignosulfonates Market: Dynamics
Lignosulfonate is a brown amorphous powder. It has no odor and is not hygroscopic. It forms colloidal solutions or dispersions in water, but is insoluble in organic solvents. Lignosulfonates are biopolymers that are salts of lignosulfonic acid formed during the sulfite method of pulp production. Lignosulfonates differ in composition, as the wood differs. The extent of lignin degradation varies, as a different number of sulfonic groups may have been added. Lignosulfonates are used in animal feed binders, concrete additives, oil well additives, and dust control industries. The animal feed binders segment includes lignosulfonates, which are commonly used in commodities such as coal briquettes, ceramics, mineral dust briquetting, and production of plywood or particleboards.
The global animal feed binders sector is expected to expand considerably during the forecast period. Thus, the rise in the production of animal feed binders, concrete additives, and dust control is projected to boost the demand for lignosulfonates during the forecast period.
Manufacturers are focusing on the animal feed binders industry, as the share held by this segment is likely to increase during the forecast period.
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Lignosulfonates Market: Prominent Regions
Europe holds major share of the global lignosulfonates market. The market in the region is anticipated to expand at a CAGR of more than 2.7% during the forecast period. The increase in the demand for lignosulfonates in various end-use industries such as animal feed binders and concrete additives is driving the lignosulfonates market in Europe. Germany is a key country of the lignosulfonates market in Europe. It held significant share of the lignosulfonates market in Europe in 2020. The country is estimated to maintain its dominant position in the region during the forecast period.
Asia Pacific is also a prominent region of the global lignosulfonates market. China led the lignosulfonates market in Asia Pacific in 2020. The increase in the demand for lignosulfonates from concrete additives and animal feed binders industries is driving the market in China.
Lignosulfonates Market: Major Players
The global lignosulfonates market is consolidated with the presence of key players. Prominent players operating in the global lignosulfonates market include Borregaard LignoTech, Burgo Group S.p.A., Domsjö Fabriker AB, Green Agrochem, Nippon Paper Industries Co. Ltd., Sappi Limited, Shenyang Xingzhenghe Chemical Co. Ltd., Rayonier Advanced Materials Inc., The Dallas Group of America, and Qingdao New World Material Co. Ltd.
