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Published Date: 2016-04-01Number of Pages: 206

Lignosulfonates (Calcium Lignosulfonate, Sodium Lignosulfonate, and Magnesium Lignosulfonate) Market for Oil Well Additives, Concrete Admixture, Animal Feed Binder, Dust Control, and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

Global Lignosulfonates Market: Snapshot 

Lignosulfonates are the best commercial resources of lignin. They are types of anionic polymers that are attainable at an economic cost as the byproducts of the paper industry. Lignosulfonates are acquired at the time of the paper manufacturing process and are thus recovered from the brown or red liquor at the time of the sulfite pulping procedure. Lignosulfonates are extracted via natural processes, thus, these are eco-friendly and are highly preferred in animal feed binders or pellet binders. Lignosulfonates are further put to use in applications such as dust control, concrete admixture, well additives, tiles, and bricks. Extremely commercialized lignosulfonates forms comprise magnesium lignosulfonate, calcium lignosulfonate, and sodium lignosulfonate. Prime end users of lignosulfonates involve the manufacturers of concrete admixtures and animal feed. Growing demand for lignosulfonates in the concrete chemicals industry in developing economies and animal feed binder sector in developed regions is anticipated to propel the growth of the global lignosulfonates market in the coming years. 

The global lignosulfonates market is projected to exhibit a 3.8% CAGR from 2016 and 2024. The market is likely to be worth US$960.2 mn by the end of 2024 from a valuation of US$691.9 mn in 2015. The market is likely to experience steady growth owing to development in downstream industries that use lignosulfonates. 

Animal Feed Binder to be Leading Application Segment 

Based on application, the animal feed binder segment led the global lignosulfonates market with a share of over 35% in 2015. It is further expected to be the leading segment in terms of growth as well from 2016 to 2024. Addition of lignosulfonates in animal feed binder aids in enhancing the palatability of the feed coupled with minimal segregation and low wastage. Moreover, lignosulfonates aid in the balancing beneficial bacteria in the body of the animal and also promotes efficiency, thus, resulting in an increase in the body weight of the animal ranging from 5% to 10%. The segment that held the second position in the global lignosulfonates market in 2015 was concrete admixtures. Lignosulfonates are employed as water reducing chemicals in the building and construction industry. Incessant growth of the construction industry across the globe is further expected to push the growth of the lignosulfonates market as well. 

Europe to Hold the Leading Share Region-wise 

Geographically, Europe accounted for the leading share of over 35% in the global lignosulfonates market in 2015. The growth of the market in the region can be attributed to optimistic progress of the animal feed industry, easy attainability of raw materials, and eco-friendly and economical properties of lignosulfonates. In terms of growth, Asia Pacific is expected to surface as the leading region in terms of growth over the forecast period owing to growing demand for water reducing chemicals and concrete admixtures in countries such as India, China, and the ASEAN countries owing to the evolving construction industry in these regions. Rise in oil exploration activities in the Middle East and Africa region is also expected to make it a lucrative region for the growth of the market. 

The manufacturers of lignosulfonates are focusing on intensifying their channels of distribution to expand their reach and attain competitive advantage in order to sustain in the market. The top drawer companies in the market are Qingdao Newworld Material Co., Limited, Shenyang Xingzhenghe Chemical Co., Ltd., Green Agrochem, Burgo Group Spa, Domsjö Fabriker AB, NIPPON PAPER INDUSTRIES CO., LTD., Flambeau River Papers, Sappi, Tembec Inc., and Borregaard LignoTech.

Lignosulfonates are the most commercial sources of lignin that are available industrially at economical cost. These anionic polymers are readily soluble in water and are eco-friendly. Thus, these are used widely in numerous applications. Calcium lignosulfonate, sodium lignosulfonate, and magnesium lignosulfonate are the most widely used lignosulfonate product forms. Oil well additives, concrete admixture, animal feed binder, dust control, and others (tiles & bricks, etc.) are some of the key applications where lignosulfonates are employed. Growth in the construction industry in developing regions such as Asia Pacific and Latin America is projected to drive the demand for lignosulfonates during the forecast period. Animal feed binder is another major outlet for lignosulfonates in developed regions. The global lignosulfonates market is likely to be hampered during the forecast period due to the availability of various application-specific substitutes. However, rising demand for lignosulfonates in oil well additives in the Middle East is projected to offer immense opportunities for lignosulfonate manufacturers during the forecast period.

This report analyzes and forecasts the market for lignosulfonates at the global and regional level. The market has been forecast based on volume (kilo tons) and revenue (US$ Mn) from 2016 to 2024, considering 2015 as the base year. The study includes drivers and restraints of the global lignosulfonates market. It also covers impact of these drivers and restraints on demand for lignosulfonates during the forecast period. The report also highlights opportunities in the lignosulfonates market at the global and regional level.

The report includes detailed value chain analysis, which provides a comprehensive view of the global lignosulfonates market. Porter’s Five Forces model for the lignosulfonates market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein applications are benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the global lignosulfonates market by segmenting it in terms of products such as calcium lignosulfonate, sodium lignosulfonate, and magnesium lignosulfonate. These segments have been analyzed based on present and future trends. Regional segmentation includes current and forecast demand for lignosulfonates in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers demand for individual products and applications in all the regions.

The report provides the estimated market size of lignosulfonates for 2016 and forecast for the next eight years. The global market size of lignosulfonates has been provided in terms of volume and revenue. Market volume has been defined in kilo tons, while market revenue is in US$ Mn. Market numbers are estimated based on key product and applications of lignosulfonates. Market size and forecast for products and applications have been provided in terms of global and regional markets.

In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research includes a search of recent trade, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.

Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, Plastemart magazine, TPE magazine, internal and external proprietary databases, and relevant patent and regulatory databases such as ICIS, Hoover’s, oneSOURCE, Factiva and Bloomberg, national government documents, statistical databases, trade journals, market reports, news articles, press releases, and webcasts specific to companies operating in the market.

Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators to validate data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.

The report comprises profiles of major companies operating in the global lignosulfonates market. Key players profiled in the report include Borregaard LignoTech, Tembec Inc., Sappi, Flambeau River Papers, NIPPON PAPER INDUSTRIES CO., LTD., Domsjö Fabriker AB, Burgo Group Spa, Green Agrochem, Shenyang Xingzhenghe Chemical Co., Ltd., and Qingdao Newworld Material Co. Ltd. Market players are profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.

The report segments the global lignosulfonates market as follows:

Lignosulfonates Market - Product Analysis

  • Calcium Lignosulfonate
  • Sodium Lignosulfonate
  • Magnesium Lignosulfonate

Lignosulfonates Market - Application Analysis

  • Oil Well Additives
  • Concrete Admixture
  • Animal Feed Binder
  • Dust Control
  • Others (Including Tiles & Bricks, etc.)

Lignosulfonates Market - Regional Analysis

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • France
    • U.K.
    • Spain
    • Germany
    • Italy
    • Turkey
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • ASEAN
    • India
    • Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of MEA


 
 
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