Lignosulfonates Market Top Players, Global Trends, Business Opportunities, and Industry Forecast till 2022
“The increase in demand for lignosulfonates from animal fodder industry is one of the major driving factors for the growth of market and is predicted to continue growing in future as well. Additionally, the speedy growth in construction industry is estimated to boost market in future.�
Global Lignosulfonates Market is expected to witness considerable growth in the forecast period owing to the worldwide explosive demand of lignosulfonates from the construction industry. Lignosulfonates are watersoluble anionic polyelectrolyte polymers. They are derived from the production of wood pulp with sulfite pulping. The wood is mainly composed of three components as hemicellulose, cellulose, and lignin. During the sulfite pulping procedure, the lignins are water-soluble and sorted as insoluble cellulose and soluble cellulose. The separated soluble lignins are known as lignosulfonates. Lignosulfonates are greatly versatile and hold wide range of industrial applications. Although lignosulfonates are commonly associated with construction of public roads & dust control, they are also used as dispersants, emulsifiers, and binders, in several products like gypsum board, micronutrients and animal fodder pellets. The increase in demand for lignosulfonates from animal fodder industry is one of the major driving factors for the growth of market and is predicted to continue growing in future as well. Additionally, the speedy growth in construction industry is estimated to boost market in future. On the contrary, the probable threat from product substitutions is expected to hamper the growth of lignosulfonates market in the years to come. However, the increase in demand for animal fodder binder especially from emerging economies is anticipated to create favorable opportunities for the market players globally. Polycarboxylic ether, sulfonated naphthalene formaldehyde and sulfonated melamine formaldehyde are stiff competition and substitution to lignosulfonates market in application industries like animal fodder binders and oil well additives. Moreover, there are several animal fodder binders with bentonite & clay, guar meal & starch, wheat. Synthetic binders like urea-formaldehyde might affect the growth of market negatively in the coming