The “Global Lignosulphonate (Lignosulfonate) Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026” research study accessible on Decisiondatabases.com provides a detailed outlook of the growth trends, market drivers, opportunities and restraints of the global lignosulphonate (lignosulfonate) market. The report expects the global lignosulphonate (lignosulfonate) market to cross USD 950 MN by 2026 along with a CAGR of 3.2% within the forecasted period from 2020 to 2026.
Lignin is the most easily available natural raw material available on Earth and it represents 30 percent of all the non-fossil organic carbon on Earth. Lignin can be utilized as an eco-friendly alternative to many petroleum-derived substances, such as fuels, resins, rubber additives, thermoplastic blends and pharmaceuticals. It is also known to be the only renewable source for industrial aromatics production. Lignin can be found in other plants, such as cereal straws, bamboo and bagasse, but it is in wood that lignin content is the highest in terms of weight. Lignosulfonates are plentifully available wood chemicals. These are usually obtained as a by-product during the processing of sulfite of wood pulp. Lignosulfonates are primarily used as animal feed binders (pellet binders) in the animal feed industry.
High volume availability with low cost, wide-ranging commercial applications and the global pulp and paper industry growth are the key factors driving the growth of the global lignosulphonate(lignosulfonate) market. The major purposes of lignosulphonates (lignosulfonates) listed in the study are concrete additives, animal feed, dyestuff, cosmetics, absorbents, gypsum board, brick manufacturing, dust control, adhesives, vanillin, organic solvent, deflocculating clays, suppressing non-toxic dust, plasticizers in concretes, plasterboard, oil drilling mud, carbon black, coal gasification, dispersants, binders, tanning leather, emulsions, pelletizing/granulation and micronutrients. The use of lignosulfonates as a predecessor for the production of chemicals had limited scope. The most successful process has been the conversion of lignosulfonates to vanillin.
Sodium lignosulfonates, calcium lignosulfonates and magnesium lignosulfonates are the segments of the global lignosulphonate (lignosulfonate) market based on type. Sodium lignosulfonate is the major product type of this polymer that has a large market.
By applications, concrete additives, animal feed, dyestuff and dust control are the segments of the global lignosulphonate (lignosulfonate) market where animal feed has been identified as the leading segment as per the report owing to holding a major market share.
By geography, Europe, Asia Pacific, North America, Latin America and Middle East & Africa are the segments of the global lignosulphonate (lignosulfonate) industry where Europe has been identified as the dominating regional segment.
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