Press release
Lignosulfonates market 2018 Top Key Players LignoTech, Tembec Inc., Nippon Paper Industries Co., Ltd., Burgo Group S.p.A., Domsjö Fabriker AB and Qingdao New World Material Co
Lignosulfonates market
Several physical and chemical properties of lignosulfonates make them suitable to be used in the construction industry. The construction industry has been steadily growing due to the economies heading at a fast pace.
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The infrastructural development has given boost to the construction industry which will be a driving force for the product market. The use of the product as plasticizers in cement admixtures will give a boost to the industry.
The demand for commercial feed will positively influence the product market. The nutritional content of animal feed is enhanced with the use of the product which will accelerate the growth of the market. Livestock farmers have shifted their focus to pelletized feed for animals which will supplement the product market.
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The demand for the product in oil & gas industry will fuel the growth of the product market. The use of the product for regulating the parameters of drilling fluids will give an impetus to the product market. The product’s use as a dust control agent will also drive the product market. It is environment friendly which will further augment the product’s demand.
Many substitutes pose a threat to the product market. Few of them are sulfonated melamine formaldehyde, polycarboxylic ether and sulfonated naphthalene formaldehyde. Presence of various animal feed binders such as bentonite, urea-formaldehyde, clay, etc. may leave a negative impact on the product industry.
The U.S. dominated the market in terms of revenue, which will continue to grow owing to the rise in demand for feed additive. The construction industry in Japan, India and China has been continuously evolving, which will create a sprouting demand for lignosulfonates during the forecast period. The exploration of oil wells has considerably increased in Middle East & Africa which will create new avenues for the product market. The escalating demand for oil well additives will propel the market growth.
The product market is relatively consolidated. Some of the major companies present in this industry are Flambeau River Papers, Tembec Inc., Domsjö Fabriker AB, Borregaard LignoTech, Sappi Limited, Nippon Paper Industries Co., Ltd., Burgo Group Spa, Qingdao Newworld Material Co Limited, Shenyang Xingzhenghe Chemical Co., Ltd. and Green Agrochem.
Market share calculation in this report is not done based on companies covered in it. The calculation of Lignosulfonates market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
About Global Market Insights
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