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Global Sodium Lignosulfonate Market Witnesses Steady Growth as Construction and Agriculture Industries Flourish

06-13-2023 08:04 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact Mr

Global Sodium Lignosulfonate Market Witnesses Steady Growth as

According to the latest data provided by Fact.MR, a market research and competitive intelligence provider, the global sodium lignosulfonate market is projected to reach a valuation of US$ 535 million by the end of 2033, expanding at a CAGR of 3.5% over the next ten years.

Sodium lignosulfonate is being used at an increased rate in the food business as an additive. Owing to its staining effect as a dye dispersant, the application of sodium lignosulfonate becomes objectionable. Therefore, companies need to invest in R&D activities to study multiple molecular weight fractions of lignosulfonate.

๐——๐—ผ๐˜„๐—ป๐—น๐—ผ๐—ฎ๐—ฑ ๐—ฎ ๐—™๐—ฟ๐—ฒ๐—ฒ ๐—ฆ๐—ฎ๐—บ๐—ฝ๐—น๐—ฒ ๐—–๐—ผ๐—ฝ๐˜† ๐—ผ๐—ณ ๐˜๐—ต๐—ถ๐˜€ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ -https://www.factmr.com/connectus/sample?flag=S&rep_id=8310

The imbalance in the demand and supply of lignosulfonate is having a direct impact on its use to produce oil well additives. Various financially unstable companies are capitalizing on government schemes and programs that are offered by the Banking, Financial Services, and Insurance (BFSI) sector to enrich their product portfolios. These companies are resorting to mergers & acquisitions to gain higher profits in the market.

Asia Pacific is anticipated to experience significant growth opportunities owing to increasing expenditure on construction activities in China, Japan, and India. Furthermore, North America is projected to hold a noteworthy share of the global market due to the presence of prominent animal feed mills in the United States.

๐—ž๐—ฒ๐˜† ๐—ง๐—ฎ๐—ธ๐—ฒ๐—ฎ๐˜„๐—ฎ๐˜†๐˜€ ๐—ณ๐—ฟ๐—ผ๐—บ ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ฆ๐˜๐˜‚๐—ฑ๐˜†

Sales of sodium lignosulfonate are estimated to increase at a CAGR of 3.5% during the forecast period from 2023 to 2033.
The global sodium lignosulfonate market is forecasted to reach a valuation of US$ 535 million by the end of 2033.
The market stands at US$ 377 million in the year 2023.
The Canadian market is projected to advance at a CAGR of 2.6% from 2023 to 2033.
The market in Germany is anticipated to progress at a CAGR of 1.7% through 2033.

๐—ฆ๐—ฒ๐—ด๐—บ๐—ฒ๐—ป๐˜๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ผ๐—ณ ๐—ฆ๐—ผ๐—ฑ๐—ถ๐˜‚๐—บ ๐—Ÿ๐—ถ๐—ด๐—ป๐—ผ๐˜€๐˜‚๐—น๐—ณ๐—ผ๐—ป๐—ฎ๐˜๐—ฒ ๐—œ๐—ป๐—ฑ๐˜‚๐˜€๐˜๐—ฟ๐˜† ๐—ฅ๐—ฒ๐˜€๐—ฒ๐—ฎ๐—ฟ๐—ฐ๐—ต

By Type :
Dry
Liquid
Others
By Application :
Animal Feed Binders
Concrete Admixtures
Oil Well Additives
Agriculture Chemicals
Dust Suppressants
Lead Batteries
Gypsum Plasterboards
Others
By Region :
North America
Europe
Asia Pacific
Latin America
Middle East & Africa

๐—š๐—ฒ๐˜ ๐—–๐˜‚๐˜€๐˜๐—ผ๐—บ๐—ถ๐˜‡๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ผ๐—ป ๐˜๐—ต๐—ถ๐˜€ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐—ณ๐—ผ๐—ฟ ๐—ฆ๐—ฝ๐—ฒ๐—ฐ๐—ถ๐—ณ๐—ถ๐—ฐ ๐—ฅ๐—ฒ๐˜€๐—ฒ๐—ฎ๐—ฟ๐—ฐ๐—ต ๐—ฆ๐—ผ๐—น๐˜‚๐˜๐—ถ๐—ผ๐—ป๐˜€ - https://www.factmr.com/connectus/sample?flag=RC&rep_id=8310

๐—ช๐—ถ๐—ป๐—ป๐—ถ๐—ป๐—ด ๐—ฆ๐˜๐—ฟ๐—ฎ๐˜๐—ฒ๐—ด๐˜†

Prominent manufacturers of sodium lignosulfonate, with the help of complexing agents and emulsion stabilizers, are leveraging value-grab opportunities while using lignin-based biopolymers. Manufacturers are taking efforts to expand their portfolios in polymers that are based on lignin, which are wood-based alternatives to fossil-based chemicals and are renewable.

For instance,

Borregaard is a world specialist in lignosulfonate and lignin. The company is increasing the availability of various lignin-based biopolymers that are commonly used as crystal growth modifiers, dispersing agents, and binders.

๐—ž๐—ฒ๐˜† ๐—–๐—ผ๐—บ๐—ฝ๐—ฎ๐—ป๐—ถ๐—ฒ๐˜€ ๐—ฃ๐—ฟ๐—ผ๐—ณ๐—ถ๐—น๐—ฒ๐—ฑ

Borregaard LignoTech
Burgo Group SpA
Nippon Paper Industries Co., Ltd.
Rayonier Advanced Materials
Sappi Ltd.
Green Agrochem
Flambeau River Papers
Qingdao New World Material Co. Ltd.

๐—™๐—ผ๐—ฟ ๐—ถ๐—ป-๐—ฑ๐—ฒ๐—ฝ๐˜๐—ต ๐—ฐ๐—ผ๐—บ๐—ฝ๐—ฒ๐˜๐—ถ๐˜๐—ถ๐˜ƒ๐—ฒ ๐—ฎ๐—ป๐—ฎ๐—น๐˜†๐˜€๐—ถ๐˜€, ๐—•๐˜‚๐˜† ๐—ก๐—ผ๐˜„ -https://www.factmr.com/checkout/8310

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