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Lignosulfonates Market 2019 | Dynamics, Forecast, Analysis and Supply Demand 2024

Lignosulfonates Market 2019 | Dynamics, Forecast, Analysis

According to Global Market Insights, Inc., “Lignosulfonates Market revenue, which was estimated at USD 700 million in 2015, is slated to hit USD 973 million by 2024.” Lignosulfonates Market is expected to witness a striking growth over the next few years, owing to the widespread product applications in oil well additives, animal feed binders, concrete admixtures, and dust control. Key factors driving lignosulfonates market growth include the rising global population along with the escalating demand for high-grade infrastructure facilities across the residential and non-residential sectors. The product is basically used as a water-reducing chemical and is available at affordable costs, which explains its huge popularity amidst numerous end-use sectors.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/786

The thriving construction sector is expected to create lucrative growth opportunities for lignosulfonates industry, driven by the mounting product usage as a water-reducing agent in cement admixtures for enhancing its utility across construction activities at elevated temperatures. Cement admixture applications, which contributed to more than 25% toward lignosulfonates market size in 2015, are expected to witness a massive growth over the coming years. The growth can be attributed to high product usage in the construction projects.

Animal feed binder applications are forecast to grow at CAGR of more than 4% over 2016-2024, driven by the product’s ability to increase the weight of animals. The product is also renowned to benefit the gastrointestinal tract of animals. Global animal feed size, which was assessed at 970 million tons in 2015, is forecast to surpass 1 billion tons by 2024, which in turn, will favorably leverage the lignosulfonates industry value in the near future.
Asia Pacific lignosulfonates market is set to witness a CAGR of more than 4.5% over 2016 to 2024, driven by the huge growth of the construction sector in countries such as India, Japan, and China. Japan construction industry generated a revenue of more than 700 billion in 2015.

With U.S. at the helm, North America lignosulfonates market size was worth more than USD 130 million in 2015. Expanding Animal Feed Additives Market will primarily boost the regional demand. For instance, on an annual basis over 150 million tons of animal feed is produced by about 6,000 animal feed mills in the country.

The demand for water-reducing chemicals is extremely high in regions such as APAC and MEA, owing to high temperatures. Lignosulfonates are primarily used as water-reducing agents in concrete admixtures to strengthen cement, thus propelling the demand for this application segment. In fact, they can also be mixed with other water-reducing chemicals, to be used in concrete admixtures as per the requirement. Global lignosulfonates market share for concrete admixtures was more than 25% in 2015, owing to high product demand and robust growth in the construction sector.

Global animal feed production surpassed 970 million tons and is anticipated to cross 1 billion tons by 2024. Lignosulfonates are used as effective animal feed binders, as they balance the beneficial bacteria in animals, provide the essential nutrients to improve their gastrointestinal health, and improve feed efficacy that helps increase animal body weight. High demand for this application segment in Europe and North America will subsequently boost lignosulfonates industry growth, with a projected CAGR of more than 4% over 2016 to 2024.

Browse key industry insights spread across 100 pages with 146 market data tables & 14 figures & charts from the report, “Lignosulfonates Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/lignosulfonates-market

Key industry participants include Nippon Paper Group, Domsjö Fabriker AB, Qingdao New World Material Co. Ltd, Burgo Group S.p.A., Borregaard LignoTech, and Tembec Inc. Other notable companies include Green Agrochem, Flambeau River Papers LLC, Shenyang Xingzhenghe Chemical Co., Ltd., and Sappi Limited.

Glimpse of Table of Content (ToC)
Chapter 5 Lignosulfonates Market Application Insights
5.1 Lignosulfonates market share by application, 2015 & 2024
5.2 Oil Well Additives
5.2.1 Global market estimates and forecast, 2013 - 2024
5.2.2 Global Lignosulfonates market estimates and forecast, by region, 2013 - 2024
5.3 Concrete Admixture
5.3.1 Global market estimates and forecast, 2013 - 2024
5.3.2 Global market estimates and forecast, by region, 2013 – 2024
5.4 Animal Feed Binder
5.4.1 Global market estimates and forecast, 2013 - 2024
5.4.2 Global market estimates and forecast, by region, 2013 - 2024
5.5 Dust Control
5.5.1 Global Lignosulfonates market estimates and forecast, 2013 - 2024
5.5.2 Global market estimates and forecast, by region, 2013 – 2024
5.6 Others
5.6.1 Global market estimates and forecast, 2013 - 2024
5.6.2 Global Lignosulfonates market estimates and forecast, by region, 2013 – 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/lignosulfonates-market

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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