Albany - NY, Sept. 28, 2017 (GLOBE NEWSWIRE) -- Transparency Market Research has published a new report titled “Sodium Lignosulfonate Market (Type : Dry and Liquid; Applications : Animal Feed Binder, Concrete Admixture, Oil Well Additives, Agriculture Chemicals, Dust Suppressants, Lead Batteries, Gypsum Plasterboards, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025.” According to the report, the global bromine market was valued at US$ 306.47 Mn in 2016 and is estimated to reach US$ 446.14 Mn by 2025, expanding at a CAGR of 4.3% between 2017 and 2025.
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Lignosulfonates are abundantly available wood chemicals. These are commonly obtained as a by-product during the sulfite processing of wood pulp. Sodium lignosulfonate is a highly commercialized lignosulfonate. It has applications in construction, ceramics, animal feed industry, mineral powder, chemical industry, textile industry, metallurgical industry, petroleum industry, fire-retardant materials, etc.
Sodium lignosulfonate is available in two forms, viz. dry and liquid. Dry sodium lignosulfonate is primarily used in animal feed binder, concrete admixture, dust suppressants, and gypsum boards, whereas liquid sodium lignosulfonate is typically used in oil well additives, agriculture chemicals, and lead batteries. Dry sodium lignosulfonate significantly dominate the global market share in terms of volume and revenue, both.
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Sodium lignosulfonate has applications as concrete admixture, animal feed binder, oil well additives, agriculture chemicals, dust suppressants, lead batteries, and gypsum plasterboards among others. The major application of sodium lignosulfonate is observed in concrete admixture, followed by animal feed binder. Construction industry is the key consumer of sodium lignosulfonate, followed by animal feed industry and oil & gas industry. In terms of growth potential, animal feed binder and oil well additives segments are likely to lead the sodium lignosulfonate market during the forecast period.
Both, the production and consumption of sodium lignosulfonate in Europe is higher, with the European countries trading the lignosulfonates among themselves, as well as exporting it to other regions. Although they export lignosulfonates to other regions up to some extent, the U.S. and Canada, both, also import large amounts of lignosulfonates in order to fulfill their demand. The overall consumption in MEA is lower as compared to its production. The demand for lignosulfonates in the region is fulfilled with the help of regional trade as well as by imports up to some extent. In Asia Pacific, China is the leader in terms of production as well as consumption. Very large quantities of lignosulfonates are imported in Latin America to fulfill the region’s demand as the production in the region is very low.
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The sodium lignosulfonate market is likely to expand at a moderate pace in the near future due to availability of application-specific substitutes. However, the lucrative nature of applications and end-user industries in developing countries is projected to increase the attractiveness of the lignosulfonates market during the forecast period.
The lignosulfonates market is moderately consolidated; it is modestly dominated by key companies with strong global presence. Integration exists across the value chain with multiple key players producing raw materials required in the manufacture of lignosulfonate. Key players in the bromine market include Borregaard LignoTech, Tembec, Sappi, Nippon Paper Industries Co. Ltd., and Burgo Group.
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