The report "Lignosulfonates Market by Product (Sodium Lignosulfonate, Calcium Lignosulfonate, Magnesium Lignosulfonate), Application (Oil Well Additives, Concrete Additives, Animal Feed Binders, Dust Control), and Region - Global Forecast to 2027" global lignosulfonates market is expected to grow from USD 1.2 billion in 2022 to 1.4 billion by 2027, at a CAGR of 3.6%. The major factors driving the lignosulfonates market include the growth of major applications such as concrete binders, oil well additives animal feed binders, among others. Furthermore, rising infrastructural activities in different regions drive market growth.
The Sodium lignosulfonate segment, by product, the market accounted the highest share. Sodium lignosulfonates is used for a wide range of applications. It has great demand in the construction industry and agriculture industries. It exhibits strong anti-calcium, high temperature, and resistance to salt properties. Furthermore, Sodium lignosulfonate may be utilized as a pellet binder or as an additive in animal feed.
The concrete additives segment, by application, the market accounted the highest share. Concrete water reducer is one of the application fields of sodium lignosulfonate. Sodium lignosulfonate in concrete can improve concrete workability and significantly reduce the initial heat of hydration for cement hydration. It acts as a retarder and water reducer for concrete. It can also be mixed with early solidifying agents, retarding agents, antifreeze agents, pumping agents, etc.
A good business environment and strict regulatory framework supporting sustainable operations is the major driving factor of the Lignosulfonates market in the region. The region is one of the major importers of lignosulfonate and its related products. It has various lignin manufacturers such as Borregard (Norway), Domsjo Fabriker (Sweden), and Burgo Group (Italy) which hold significant market share.
