Modified Lignosulfonates Market Growth, Development Factors, Business Insights, Value Chain and Sales Channels Analysis 2029
The global modified lignosulfonates market size is expected to gain momentum owing to the rising demand for concrete admixtures in the construction industry during the forecast period. This information is published by Fortune Business Insights™ in an upcoming report, titled, “Modified Lignosulfonates Market, 2022-2029.” One of the most widely used wood compounds is lignosulfonates. These are frequently produced as a by-product of the sulfite treatment of wood pulp. Lignosulfonates are a type of anionic polyelectrolyte that is water soluble. Natural anionic surfactants with a high molecular weight are commonly employed in ceramics, building, chemicals, oil and gas, and animal feed additives. Organic polymerization also makes use of lignosulfonates.
Detrimental Impact of Covid-19 on Chemical Industry
Because of the COVID-19 pandemic, producers in the modified lignosulfonates are increasing their local manufacturing capacities to lessen their reliance on other countries. Lignosulfonate is becoming increasingly used as a food additive. However, the use of lignosulfonate as a dye dispersion is unacceptable due to its staining effect. As a result, corporations should invest more in R&D to investigate the various molecular weight fractions of lignosulfonate.
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By product, the market is segmented into calcium, sodium, magnesium, and others. On the basis of application, the market is segregated into oil well additives, concrete admixture, animal feed binder, dust control, and others. On the basis of geography, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
What does the Report Offer?
The market research report for modified lignosulfonates offers integrated information on the key drivers, constraints, and opportunities driving industry growth. The research goes on to generate data volume by component, end consumer, and demographic. Major brand SWOT analysis identifies vulnerabilities, strengths, and opportunities.
Drivers & Restraints-
Increasing Demand in Construction Industry to Stimulate Growth
The global modified lignosulfonates market growth is expected to grow due to the increasing demand from construction Industry during the projected period. The construction industry’s growing demand for concrete admixture will drive up demand for the commodity. It has a long lifespan, is water resistant, and improves dispersant efficacy in cement. In addition, the rapidly developing construction industry, together with the widespread use of high-performance cement in residential and commercial buildings, will contribute to the product’s increased demand.
Increasing Usage in Oil Well Additives to Promote Growth in Asia Pacific
Asia Pacific is expected to hold the largest global modified lignosulfonates market share during the forecast period. This is due to increasing usage of the product in oil well additives is expected to drive the market forward.
North America is expected to have a sizable share of the market. The increasing demand in animal feed binders in countries such as the US and Canada, are the leading countries in the region.
Manufacturers Focus on R&D Investments to Strengthen their Position
The global modified lignosulfonates sector is highly fragmented, with a wide range of small, medium, and large companies operating on a global basis. Various tactics such as product portfolio expansion, production capacity expansion, and mergers and acquisitions are being used by prominent market participants to expand market share and capitalize on development opportunities.
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- January 2019: Borregaard, a Norwegian developer of wood-based chemicals, has concluded plans to purchase a new turkey lignosulfonate spray drying unit from GEA.
List of Key Players Profiled in the Global Market for Modified Lignosulfonates:
- Green Agrochem Lignin Unit
- NIPPON PAPER INDUSTRIES CO
- Sappi Group
- GREEN AGROCHEM-LIGNIN
- Filtron Envirotech
- Shandong Tiancheng Hongsha Construction Materials
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