The According to a market research report, the “Lignosulfonates Market by Product (Sodium Lignosulfonate, Calcium Lignosulfonate, Magnesium Lignosulfonate), Application (Oil Well Additives, Concrete Additives, Animal Feed Binders, Dust Control), and Region – Global Forecast to 2027″ global lignosulfonates market is expected to grow from USD 1.2 billion in 2022 to 1.4 billion by 2027, at a CAGR of 3.6%. The major factors driving the lignosulfonates market include growth of major applications such as concrete binders, oil well additives animal feed binders, among others. Furthermore, rising infrastructural activities in different regions drive market growth.
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- 267 Market data Tables
- 44 Figures
- 228 Pages and in-depth TOC on “Lignosulfonates Market – Global Forecast to 2027”
This report also provides a comprehensive analysis of the companies listed below:
The major Players in lignosulfonates market includes Borregaard (Norway), Rayonier Advanced Materials (US), Sappi Limited (South Africa), Domsjo Fabriker (
Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the lignosulfonates market.
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Based on product, the sodium lignosulfonate segment is projected to be the fastest-growing segment during 2022 to 2027. It is employed as cement water reducing agent. It has great demand in the construction industry and agriculture industry.
Based on application, the oil well additives segment is projected to be the fastest-growing segment during 2022 to 2027. Lignosulfonate has unique structure and properties and serves different roles in the oil-well drilling industry. Lignosulfonate is used in oil-well drilling fluids as thinning agents, thickening agents, clay stabilizers, fluid loss control agents, and other applications.
Based on region, Asia Pacific is projected to be the fastest-growing market for lignosulfonates during the forecast period. The region is making continuous effort to increase the living standard and focusing on urbanization which is driving the growth of the lignosulfonate market in the region. Most of the demand for lignosulfonate is from the region’s construction and petrochemical industries.
Recent Developments in Lignosulfonates Market
- In October 2020, Borregaard and Sappi Group, who are the owners of Lignotech South Africa, decided to discontinue lignin production in South Africa.
- In June 2018, Borregaard and Rayonier Advanced Materials formed a joint venture for lignin production in Florida.
- In March 2017, Sappi Limited entered into an agreement with Cellmark to increase its global sales of Hansa lignin products.
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