Lignosulfonates 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
LONDON, May 4, 2016 /PRNewswire/ — 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.