Lignosulfonates Market status and development trends reviewed in new report

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Analysis of Lignosulfonates Market applications
and companies active in the industry
Fuel Cell Market size worth 25.5bn by 2024
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Overview

• Worldwide Lignosulfonates Market is primarily
  driven by the increasing product demand across
  construction, ceramic, and oil gas industries.
  Lignosulfonates are obtained as a by-product
  during the sulfite process and are abundantly
  available worldwide. According to Global Market
  Insights, Inc., Lignosulfonates Industry is
  slated to increase at a CAGR of more than 3.7
  over 2016 to 2024.
• In terms of products, this market is divided into
  calcium, sodium, and magnesium lignosulfonates.
  Out of the three, sodium products are highly
  popular and are used to manufacture pellet
  binders and plasticizers for animal feed and
  concrete production, respectively.
• Sodium lignosulfonates market size was valued at
  a revenue of more than USD 290 million, and is
  expected to increase at a CAGR of more than 3
  over 2016 to 2024.

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Lignosulfonates Agents Market, By Application

• The demand for water-reducing chemicals is
  extremely high in regions such as APAC and MEA,
  owing to high temperatures. Lignosulfonates are
  primarily used as water-reducing agents in
  concrete admixtures to strengthen cement, thus
  propelling the demand for this application
  segment.
• In fact, they can also be mixed with other
  water-reducing chemicals, to be used in concrete
  admixtures as per the requirement. Global
  lignosulfonates market share for concrete
  admixtures was more than 25 in 2015, owing to
  high product demand and robust growth in the
  construction sector.
• Global animal feed production surpassed 970
  million tons and is anticipated to cross 1
  billion tons by 2024. Lignosulfonates are used as
  effective animal feed binders, as they balance
  the beneficial bacteria in animals, provide the
  essential nutrients to improve their
  gastrointestinal health, and improve feed
  efficacy that helps increase animal body weight.
  High demand for this application segment in
  Europe and North America will subsequently boost
  lignosulfonates industry growth, with a projected
  CAGR of more than 4 over 2016 to 2024.

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Lignosulfonates Market, By Region

• North America, led the U.S. lignosulfonates
  market size was valued at over USD 130 million in
  2015. Currently, there are around 6,000 animal
  feed mills in the U.S., which are engaged in
  producing approximately 150 million tons of
  finished animal feed per annum. As a result, this
  must boost regional industry growth.
• Asia Pacific will witness gains exceeding 4.5.
  Increasing construction expenditure in China,
  India and Japan will propel lignosulfonate market
  size by 2024.
• For instance, in 2015, Japans construction
  spending was more than 700 billion. In addition,
  increasing animal feed demand in China will
  further complement industry growth over the
  forecast timeframe.

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Lignosulfonates Market Industry Background

• Lignosulfonates are one of the most abundantly
  available wood chemicals. These are commonly
  obtained as a by-product during sulfite
  processing of wood pulp. Lignosulfonates are
  primarily anionic polyelectrolytes that are
  easily soluble in water.
• These are natural anionic surfactants with high
  molecular weight and are primarily used in
  ceramics, construction, chemicals, oil gas, and
  animal feed additives industries. Lignosulfonates
  are also employed in organic polymerization.
• The global lignosulfonates market is primarily
  driven by moderate demand for lignosulfonate in
  concrete admixture segment and animal feed binder
  application segment. Increasing demand for
  concrete admixtures in Asia Pacific and Middle
  East Africa and rising demand for animal feed
  binder in North America and Europe are expected
  to act as key drivers for the lignosulfonates
  market.

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U.S Lignosulfonates Market size, by application,
2013-2024 (USD Million)

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