Lignosulfonates Market Size to Grow USD 1.4 billion by 2027, at a CAGR of 3.6%

The lignosulfonates market is projected to grow from USD 1.2 billion in 2022 to USD 1.4 billion by 2027, at a CAGR of 3.6% from 2022 to 2027. The global market for lignosulfonates has a competitive advantage over other substitutes, mainly due to their better water retarding capacity and higher sustainability.

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The lignosulfonates market refers to the industry involved in producing lignin-based products that are used in a wide range of applications, such as construction, animal feed, and oil drilling. Lignosulfonates are derived from lignin, which is a natural polymer found in the cell walls of plants.

The global lignosulfonates market is expected to grow at a significant rate in the coming years due to the increasing demand for sustainable products, the growing construction industry, and the rising demand for animal feed. The market is segmented based on product type, application, and region.

The major types of lignosulfonates include calcium lignosulfonate, sodium lignosulfonate, and magnesium lignosulfonate. Based on application, the market is segmented into oil drilling, construction, animal feed, and others.

North America and Europe are the major markets for lignosulfonates due to the presence of a large number of construction companies and the growing demand for animal feed. However, the Asia Pacific region is expected to grow at the highest rate due to the increasing construction activities and the rising demand for animal feed in countries like China and India.

The lignosulfonates report is dominated by players, such as Borregaard (Norway), Rayonier Advanced Materials (US), Sappi Limited (South Africa), DomsjoFabriker (Sweden), Nippon Paper Industries Co., Ltd. (Japan), Ingevity (US), Burgo Group (Italy), Dallas Group of America, Inc. (US), Green Agrochem (China), Tokyo Chemical Industry (Japan), Tianjin Yeats Additive Co., Ltd. (China) Shenyang Xingzhenghe Chemical Co., Ltd. (China), Cardinal Chemicals Pvt Ltd. (India), Abelin Polymers (India), Henan Yulin Chemical Co., Ltd. (China) and others. These companies are investing in research and development to introduce new and innovative products in the market and to expand their market share.

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This release was published on openPR.