Sodium Lignosulfonate Market is Expected to Grow at a Respectable 4.3% CAGR between 2017 and 2025
The sodium lignosulfonate market has thus far been moderately consolidated, and going ahead too the market is likely to remain this way. In this market, integration of the value chain is a notable characteristic which is serving to up the market share of key players. Several key players in this market are involved in production of raw materials for sodium lignosulfonate that marks their presence at various points in the end-to-end value chain for sodium lignosulfonates.
The recovery of the construction sector leading to the development of residential and non-residential structures in several parts of the world is significantly benefitting the global sodium lignosulfonate market. This is because of the widespread demand for concrete admixtures in the construction sector that are based on sodium lignosulfonates. Apart from this, the use of sodium lignosulfonate as well additives in oil production is also boosting this market’s growth. According to a market study presented by Transparency Market Research (TMR), the global sodium lignosulfonate market is likely to expand at a CAGR of 4.3% for the forecast period between 2017 and 2025. At this pace, the market’s valuation of US$306.47 mn in 2016 will become US$446.14 mn by 2025-end.
The information Presented in this Review is Based on Press-Release by TMR
The report studies the global sodium lignosulfonate market based on a few parameters, viz. type, application, and region. On the basis of type, the sodium lignosulfonate market is divided into dry and liquid. Of the two, dry sodium lignosulfonate dominates the market in terms of both revenue and volume. This is mainly of its vast number of applications such as in animal feed binder, dust suppressants, concrete admixture, and gypsum boards. The key segments into which the global sodium lignosulfonates market is divided based on application are concrete admixture, oil well additives, lead batteries, animal feed binder, agriculture chemicals, dust suppressants, gypsum plasterboards, and others. Amongst all, concrete admixture accounts as the key application segment of sodium lignosulfonate followed by animal feed binder. The report segregates the global sodium lignosulfonate market into North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa based on geography. Amongst all, in 2016, Europe led the overall market holding more than 35% share vis-Ă -vis revenue.