Lignin Sulfonate Market Size, Share, Growth & Forecast to 2026 | Key Players include Borregaard LignoTech, KMT Polymers Ltd, MWV Specialty Chemicals, Tembec, Domsjo Fabriker

Lignin Sulfonate Market is expected to reach USD 908.8 million by the end of 2026.

Bizlytik analysts forecast the global Lignin Sulfonate market to grow at a CAGR of 4.2% during the forecast period, according to their latest market research report.

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Lignin sulfonate is a by-product of the paper industry wherein it acts as the binding agent of the cellulose fibers. Lignin sulfonate is primarily used as an excellent dust control substance for unpaved roads and a base constituent of chemical fertilizers for agricultural purposes.

The lignin and lignosulfonate products extracted from natural resources act as an excellent raw material for various applications in the agriculture sector. Lignin acts as an excellent binder in animal feed, ensuring fibrous crops that form a vital portion of the animal food and nutrition products are more digestible. Recent research has confirmed the application of lignin as plant growth simulators by the oxidation of hydrolysis lignin with nitric acid, which has inadvertently provided added impetus to the rising adoption of lignin sulfonate products.

Sodium Ligninsulfonate, Magnesium Ligninsulfonate, Calcium Ligninsulfonate, and Others are included in the Type segmentation of the report while the Application category is bifurcated into Dispersant, Animal Feed Molasses Additive, Binder and Adhesive, and Others. The report covers Consumption volume of the global market by Application, with the volume expressed in K MT. The Type segment is calculated in terms of value and volume.

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The volume of the Dispersant Consumption is expected to reach 1203.7 K MT by 2026, growing at a CAGR of 4.7% during 2020-2026. The utilization of the various hydroxyl groups in the production of lignin-based dispersants has been gaining ground owing to the non-toxic and biodegradable nature of the end-products, which would substantially contribute to the prospects of segment growth over the forecast period.

North America, Europe, Asia Pacific, South America, and Middle East & Africa are taken into consideration while arriving at the global volume and value figures. While North America is further categorized into the United States, Canada, and Mexico, Europe is split into the United Kingdom, Germany, France, Italy, and Rest of Europe. Asia-Pacific covers India, China, Japan, South Korea, and Rest of Asia Pacific in its scope. South America is bifurcated into Brazil, Argentina, and Rest of South America, with Middle East & Africa involving GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

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Asia-Pacific is a prominent region in the overall market value and volume owing to the extensive application of lignin sulfonate products as surface stabilizers in unpaved roads and as base stabilizers in the agricultural fertilizer products.

The Lignin Sulfonate market is moderately consolidated, with several players operating in the market with expansive global reach and extended manufacturing capabilities. The expansion in manufacturing capabilities for extensive global reach and continued R&D efforts for improvement in product benefits are the primary business strategies of the top players.

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Borregaard LignoTech is a prominent global company of the market by production volume, with Domsj� Fabriker AB and KMT Polymers Ltd among several manufacturers to hold significant market share by value and volume.

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This release was published on openPR.