Lignosulfonates Market Analysis

Lignosulfonates Market Analysis

Sodium lignosulfonate was valued at over USD 290 million in 2015. It is the most commercialized product, which is primarily preferred in concrete admixtures as a plasticizer and pellet binder in animal feed.
 

Sodium lignosulfonates market share is projected to experience gains at more than 3% CAGR. It is primarily used in animal feed application, mainly due to its antimicrobial and preservative properties similar to sodium and calcium lignosulfonate. Furthermore, it is used as a substitute for conventional chloride materials in dust control applications.
 

Oil well additives generated revenue more than 55 million in 2015. These are primarily used as cement retardants in the oil well additives application. Increasing oil well exploration in the U.S. and Middle East & Africa will propel the lignosulfonate market growth for the application. However, oil well additives application is forecast to witness moderate gains owing to availability of economic substitutes.
 

Animal feed binder shall witness highest growth of more than 4%. The product offers various added advantage including economical pellet binder in animal feed application over the forecast timeframe. Furthermore, it helps in improving animal weight and in maintaining the animal’s gastrointestinal health.
 

North America was valued at over USD 130 million in 2015. Currently, there are around 6,000 animal feed mills in the U.S., which are engaged in producing approximately 150 million tons of finished animal feed per annum. As a result, this must boost the regional lignosulfonate market growth.
 

Asia Pacific will witness gains exceeding 4.5%. Increasing construction expenditure in China, India and Japan will propel lignosulfonate market by 2024. For instance, in 2015, Japan’s construction spending was more than 700 billion. In addition, increasing animal feed demand in China will further complement industry growth over the forecast timeframe.