Lignosulfonates Market Global Industry Analysis, Market Size, Opportunities And Forecast

 

New Industry Structures, Cost Levels Influencing Market Growth During COVID-19 Pandemic

The COVID-19 crisis has changed global competitive order and created shifts in chemical feedstock prices. This has caused ripple effects in the lignosulfonates market, which is witnessing new industry structures and cost levels. Stakeholders are focusing on mission critical projects and uses such as oil well additives, concrete additives, and animal feed binders.

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Stakeholders in the lignosulfonates market are experiencing an oversupply of oil and low demand sentiments during the pandemic. This is affecting the demand for lignosulfonates used in producing oil well additives. Financially weak companies are capitalizing on government programs and schemes offered by the BFSI sector to maintain product portfolios. These companies are entering into mergers and acquisitions in order to keep economies running.

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Manufacturers Boost Investigation in Differing Molecular Weight Fractions of Lignosulfonate

Lignosulfonate has been widely used as a dye dispersant. Though the colorless catecholic structure in lignin is easy to oxidize, it produces lignin, which is intensively darkened and becomes objectionable due to the color in many application areas. Manufacturers in the lignosulfonates market are increasing investigation of the structural features of differing molecular weight fractions of lignosulfonate and the effect of structures on the properties as a dye dispersant.

On the other hand, manufacturers are bolstering their output capacities in sodium lignosulfonate, which is being used as a water reducing agent in concrete admixtures, binder for coke or industrial metal powder, feed additives, and the likes. Sodium lignosulfonate is used in the formulation of the oil drilling pulp, which helps to reduce mud viscosity and shear force to control the mobility of drilling mud.

Lignin-based Biopolymers Help Expand Business in Binders, Dispersing Agents

The lignosulfonates market is slated to register a CAGR of 3.5% during the forecast period. In order to boost market growth, manufacturers are expanding their portfolios in lignin-based biopolymers that are renewable, wood-based alternatives to fossil-based chemicals, and polymers used in a variety of industries. Borregaard - a world specialist in lignins and lignosulfonates, is increasing the availability for lignin-based biopolymers that are used as binders, dispersing agents, and crystal growth modifiers, among others.

With the help of emulsion stabilizers and complexing agents, manufacturers in the lignosulfonates market are leveraging value-grab opportunities through lignin-based biopolymers.

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Extensive Use of Calcium Lignosulfonate as Water Reducing Admixture for Cement

The lignosulfonates market is expected to reach the valuation of US$ 1 Bn by 2031. Lignosulfonate is being widely used in oil well drilling fluids and dispersion of pigments. Moreover, it is the most common set retarder for oil well cementing. Manufacturers in the lignosulfonates market are boosting their output capacities for calcium lignosulfonate, which is used as a water reducing admixture for cement, ceramic body reinforcing agent, and pesticide suspension concentrates.

Calcium lignosulfonate is being widely used in the development of coal lurry dispersants, tanning agents for leather, and carbon black granulation agents. On the other hand, sodium lignosulfonate is being used in resin, rubber, and pesticides.

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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

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