A recent report published by
Infinium Global Research on the lignosulphonates market provides an in-depth analysis
of segments and sub-segments in the global as well as regional lignosulphonates
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional lignosulphonates market over the short
term as well as long term. The report is a comprehensive presentation of
trends, forecast and dollar values of the global lignosulphonates market. According
to the report, the global lignosulphonates market is projected to grow at a
CAGR of 3.4% over the forecast period of 2019-2025.
Lignosulphonates are derived from
the generation of wood mash utilizing sulphite pulping. It has a high molecular
weight. It has various applications including use in oil mining, cement
industry, leather tanning, dyes, and other applications. Key players in the
global lignosulphonates market are investing research and development to
promote novel applications of lignosulphonates. The leading companies operating
in the global lignosulphonates market are adopting strategies such as mergers,
acquisitions, and collaborations that maximize their market share.
Rising use of lignosulphonates as
fillers and binder in ceramic tiles, casting sand, and resin to fibreboards
drives the growth of the lignosulphonates market. Increasing applications of
lignosulphonates such as animal feed, dust control, cosmetics, and concrete
additives contribute to the growth of the lignosulphonates market.
Lignosulphonates provides animals with the number of essential nutrients
through animal feed binder that helps animal prevent gastrointestinal diseases.
New proprietary applications for lignosulphonates boost the growth of the
lignosulphonates market. In addition, lignosulphonates are waste-reducing
admixtures that help in the increasing density of cement which promotes the use
of lignosulphonates in the cement industry. On the flip side,
application-specific replacement hinders the growth of the lignosulphonates
market. Moreover, research and development in the lignosulphonates market
create numerous opportunities for the growth of the lignosulphonates market.
Based on geography, the global
lignosulphonates market is classified into North America, Asia-Pacific, Europe,
and the Rest of the World. Europe is anticipated to hold a premium share in the
global lignosulphonates market. The rising construction industry in the
European region drives the growth of the lignosulphonates market in Europe.
Asia-Pacific region is expected to grow with a healthy CAGR over the forecast
period. The growing demand for water-reducing agents in Asia-Pacific
contributes to the growth of the lignosulphonates market in Asia-Pacific. North
America is showing growth in the global lignosulphonates market.
The report on the global
lignosulphonates market covers segments such as type and applications. On the
basis of type, the sub-markets include calcium lignosulphonates, sodium
lignosulphonates, and other types. On the basis of applications, the
sub-markets include animal feed, concrete additives, dyestuff, dust control,
and other applications.
The report provides profiles of
the companies in the market such as Tembec, Inc., Burgo Group SpA, Wuhan
Xinyingda Chemicals Co., Ltd., ALM India, Hubei Zhengdong Chemical Co., Ltd.,
Changzhou Shanfeng Chemical Industry Co., Ltd., Borregaard LignoTech, Domtar
Corporation, Green Agrochem, Abelin Polymers, and Other companies.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the lignosulphonates market. Moreover, the study highlights current
market trends and provides forecast from 2019-2025. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.