The global lignosulfonates market is anticipated to expand at substantial CAGR of around 3.68% by 2022, according to a report available on Radiant Insights, Inc. Rising demand for green and environment-friendly products is anticipated to propel market during the forecast period (2017 to 2022). Lignosulfonates are abundantly available wood chemicals obtained as by-products during sulfite processing of wood pulp.
Increasing use in concrete admixtures in construction sector can fuel growth of the market for lignosulfonates. Development of infrastructure and increasing population in emerging economies can boost demand for water-reducing agents. Rising adoption of lignosulfonates as animal feed binders and a source of calcium and sodium as inorganic electrolytes can further augment market growth during the forecast period.
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To cater to the rising demand for lignosulfonates, most companies are investing in Research and Development (R&D) activities to discover new applications. For instance, Borregaard introduced Crystal Growth Modifier. This lignin-based product can cause interactions with growing crystal surfaces through surface active properties. Different interactions with different surfaces are expected to alter growth rate and habitat of crystals. These products favor dissolution-precipitation mechanism for crystal growth over solid state mechanism.
The global lignosulfonates market can be segregated on the basis of product, application, and region. Based on product, the market can be trifurcated into calcium, sodium, and magnesium lignosulfonates. Based on application, the market can be classified into agriculture, animal feed, carbon black, concrete, dust control, metallurgy, and oil and mining. In past few years, animal feed segment dominated the market and accounted for largest market share. Rising demand for animal feed globally can stimulate growth of segment over next few years. The segment is expected to grow at similar pace during the forecast period owing to increasing use as effective animal feed binders. These chemicals can balance beneficial bacteria by providing potential nutrients for better gastrointestinal health and increased body weight among animals.
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Regional segmentation includes Europe, North America, Asia Pacific, South America, and Middle East and Africa. Europe is expected to dominate the market during the forecast period. Expansion in residential sector attributed to rising construction activities can fuel growth. In addition, growing animal feed sector owing to strong presence of large-scale animal feed companies producing animal feed at high rate can further fuel regional market. North America is projected to grow well during the forecast period owing to presence of huge number of animal feed mills in U.S. Hence, production of animal feed is likely to increase tremendously. This, in turn, can stimulate growth of market for lignosulfonates in near future.
Asia Pacific is anticipated to expand at the highest CAGR during the forecast period attributed to rising demand for concrete admixtures. Increasing use of lignosulfonates as water-reducing agents in concrete admixtures to strengthen cements can further augment demand in the years to come. Middle East and Africa is likely to grow well over the forecast period owing to increasing use of sodium lingosulfonate in concrete admixtures and rising demand for oil well additives.
Some of the leading companies operating in the lignosulfonates market are Borregaard, Karjala Pulp, Rayonier Advanced Materials, Yanbian Shixian, and Burgo Group SPA.
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