LignosulfonatesMarket: Introduction
TransparencyMarket Research delivers key insights on the global lignosulfonatesmarket. In terms of revenue, the global lignosulfonates marketis estimated to expand at a CAGR of 3.5% duringthe forecast period, owing to numerous factors, regarding which TMR offersthorough insights and forecasts in its report on the global lignosulfonatesmarket.
The globallignosulfonates market is broadly affected by several factors, includingincrease in usage of lignosulfonates in various end-use industries such asanimal feed binders, concrete additives, and dust control. The rise in theglobal demand for calcium lignosulfonates and sodium lignosulfonates has led tosignificant growth in the usage of lignosulfonates. The increase in productionand demand for dust control is expected to be the primary driver of the globallignosulfonates market. The growth of the animal feed binders & concreteadditives industry is also propelling the demand for lignosulfonates.
Lignosulfonates Market: Dynamics
Lignosulfonateis a brown amorphous powder. It has no odor and is not hygroscopic. It formscolloidal solutions or dispersions in water, but is insoluble in organicsolvents. Lignosulfonates are biopolymers that are salts of lignosulfonic acidformed during the sulfite method of pulp production. Lignosulfonates differ incomposition, as the wood differs. The extent of lignin degradation varies, as adifferent number of sulfonic groups may have been added. Lignosulfonates areused in animal feed binders, concrete additives, oil well additives, and dustcontrol 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.
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The globalanimal feed binders sector is expected to expand considerably during theforecast period. Thus, the rise in the production of animal feed binders,concrete additives, and dust control is projected to boost the demand forlignosulfonates during the forecast period.
Manufacturersare focusing on the animal feed binders industry, as the share held by thissegment is likely to increase during the forecast period.
Lignosulfonates Market: ProminentRegions
Europeholds major share of the global lignosulfonates market. The market in theregion is anticipated to expand at a CAGR of more than 2.7% duringthe forecast period. The increase in the demand for lignosulfonates in variousend-use industries such as animal feed binders and concrete additives isdriving the lignosulfonates market in Europe. Germany is a key country of thelignosulfonates market in Europe. It held significant share of thelignosulfonates market in Europe in 2020. The countryis estimated to maintain its dominant position in the region during theforecast period.
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AsiaPacific is also a prominent region of the global lignosulfonates market. Chinaled the lignosulfonates market in Asia Pacific in 2020.The increase in the demand for lignosulfonates from concrete additives andanimal feed binders industries is driving the market in China.
Lignosulfonates Market: MajorPlayers
The globallignosulfonates market is consolidated with the presence of key players.Prominent players operating in the global lignosulfonates market includeBorregaard LignoTech, Burgo Group S.p.A., Domsjö Fabriker AB, Green Agrochem,Nippon Paper Industries Co. Ltd., Sappi Limited, Shenyang Xingzhenghe ChemicalCo. Ltd., Rayonier Advanced Materials Inc., The Dallas Group of America, andQingdao New World Material Co. Ltd.
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