The lignosulfonates market share is expected to increase by USD 125.04 million from 2020 to 2025, at a CAGR of 3.59%.
This lignosulfonates market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers lignosulfonates market segmentation by product (sodium lignosulfonate, calcium lignosulfonate, magnesium lignosulfonate, and others), application (dispersing agents, binding agents, retarders, and functional additives), and geography (Europe, APAC, North America, MEA, and South America). The lignosulfonates market report also offers information on several market vendors, including Abelin Polymers, Borregaard ASA, Burgo Group SpA, Domsjo Fabriker AB, Ingevity Corp., Lenzing AG, Nippon Paper Industries Co. Ltd., Sappi Ltd., Shenyang Xingzhenghe Chemical Co. Ltd., and Wuhan Xinyingda Chemicals Co. Ltd. among others.
What will the Lignosulfonates Market Size be During the Forecast Period?
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Lignosulfonates Market: Key Drivers and Challenges
The growing construction activities are notably driving the lignosulfonates market growth, although factors such as complexities in the production of lignosulfonates may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the lignosulfonates industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Lignosulfonates Market Driver
Growing construction activities in the commercial and residential building segments across the globe are driving the global lignosulfonates market growth. Lignosulfonates are often used in construction applications to reduce water requirements in concrete admixtures, disperse the cement when water is mixed with the concrete, and increase the utilization of the cement. The increasing demand is supported by the huge investment by governments of countries for infrastructural development. For instance, the Indian government announced 100% foreign direct investment (FDI) for townships and settlement projects, the US government allocated a sum of $200 billion for the development of infrastructure. Other welfare initiatives such as the Smart Cities Mission, the Pradhan Mantri Awas Yojana (PMAY), and the Sardar Patel National Urban Housing Mission of the Indian government are expected to increase the demand for lignosulfonates in emerging markets such as APAC, which will positively impact the market growth of the market during the forecast period.
Key Lignosulfonates Market Challenge
Complexities in the production of lignosulfonates are major challenges to the global lignosulfonates market growth. Lignosulfonates are produced through sulfonation that requires acidic conditions which can result in undesirable inter-lignin condensation reactions, thus lowering the application viability of lignosulfonates. Moreover, corrosion of pulp digesters in the production of lignosulfonates due to the continuous use of chemicals is a major challenge for lignosulfonate manufactures. Availability of substitutes of lignosulfonates such as calcium chloride, dead sea salt, and magnesium chloride on roads for dust control, base stabilization, and full-depth reclamation will negatively impact the market growth of the market during the forecast period.
This lignosulfonates market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Who are the Major Lignosulfonates Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Abelin Polymers
- Borregaard ASA
- Burgo Group SpA
- Domsjo Fabriker AB
- Ingevity Corp.
- Lenzing AG
- Nippon Paper Industries Co. Ltd.
- Sappi Ltd.
- Shenyang Xingzhenghe Chemical Co. Ltd.
- Wuhan Xinyingda Chemicals Co. Ltd.
This statistical study of the lignosulfonates market encompasses successful business strategies deployed by the key vendors. The lignosulfonates market is fragmented and the vendors are deploying growth strategies such as partnerships with other major vendors to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The lignosulfonates market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Which are the Key Regions for Lignosulfonates Market?
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35% of the market’s growth will originate from APAC during the forecast period. China is a key market for lignosulfonates in APAC. Market growth in this region will be faster than the growth of the market in North America, MEA, South America, and Europe.
The rapidly increasing population and the high growth in both commercial and residential construction sectors will facilitate the lignosulfonates market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
What are the Revenue-generating Product Segments in the Lignosulfonates Market?
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The lignosulfonates market share growth by the sodium lignosulfonate segment will be significant during the forecast period. The growth of the construction industry is one of the primary factors driving this segment owing to the growing demand for concrete admixtures from the construction industry.
This report provides an accurate prediction of the contribution of all the segments to the growth of the lignosulfonates market size and actionable market insights on post COVID-19 impact on each segment.
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Lignosulfonates Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Decelerate at a CAGR of 3.59% |
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Market growth 2021-2025 |
$ 125.04 million |
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Market structure |
Fragmented |
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YoY growth (%) |
3.97 |
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Regional analysis |
Europe, APAC, North America, MEA, and South America |
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Performing market contribution |
APAC at 35% |
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Key consumer countries |
US, China, Russian Federation, Germany, and Italy |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Abelin Polymers, Borregaard ASA, Burgo Group SpA, Domsjo Fabriker AB, Ingevity Corp., Lenzing AG, Nippon Paper Industries Co. Ltd., Sappi Ltd., Shenyang Xingzhenghe Chemical Co. Ltd., and Wuhan Xinyingda Chemicals Co. Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Lignosulfonates Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive lignosulfonates market growth during the next five years
- Precise estimation of the lignosulfonates market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the lignosulfonates industry across Europe, APAC, North America, MEA, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of lignosulfonates market vendors
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