The Lignosulfonates Market is Predict to reach USD 1.4 Billion by 2031, at a CAGR of 3.5%

Lignosulfonates Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Lignosulfonates Market size is expected to reach $1.4 billion by 2031, rising at a market growth of 3.5% CAGR during the forecast period. In the year 2023, the market attained a volume of 1,647.64 kilo tonnes, experiencing a growth of 21.0% (2020-2023).

The Concrete Additives segment is leading the Global Lignosulfonates Market by Application in 2023; thereby, achieving a market value of $475.6 Million by 2031. The growing demand for high-performance concrete, characterized by enhanced strength, durability, and workability, has fueled the adoption of lignosulfonates as concrete additives. According to the State Council of China data, in 2021, the total output of construction enterprises nationwide reached 29.3 trillion yuan (about $4.22 trillion). Hence, these factors can lead to major traction in the segment.

The Calcium Lignosulfonate segment is registering a CAGR of 3.3% during (2024 - 2031). In the construction industry, calcium lignosulfonates are widely used as water-reducing agents in concrete admixtures. They improve the flowability and workability of concrete mixtures while enhancing strength and durability properties. With the growing construction activities globally, particularly in emerging economies, the demand for calcium lignosulfonates in construction applications has grown significantly. Therefore, the segment will expand rapidly in the coming years.

Full Report: https://www.kbvresearch.com/lignosulfonates-market/

The Europe region dominated the Global Lignosulfonates Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $498.2 Million by 2031. The Asia Pacific region is showcasing a CAGR of 4% during (2024 - 2031). Additionally, The North America region would exhibit a CAGR of 3.3% during (2024 - 2031).

List of Key Companies Profiled

• Tokyo Chemical Industry Co., Ltd.
• Sappi Limited
• Cardinal Chemicals Pvt. Ltd.
• Rayonier Advanced Materials, Inc.
• Domsjö Fabriker AB (Aditya Birla Group)
• Ingevity Corporation
• Burgo Group S.p.A. (BG Holding S.r.l.)
• The Dallas Group of America, Inc.
• Borregaard AS
• Abelin Polymers

Lignosulfonates Market Report Segmentation

By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Concrete Additives
• Oil Well Additives
• Animal Feed Binders
• Dust Control
• Others

By Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Sodium Lignosulfonate
• Calcium Lignosulfonate
• Magnesium Lignosulfonate
• Others

By Geography (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Related Reports:

North America Lignosulfonates Market Size & Share to 2031

• July-2024
• 110 Pages

LAMEA Lignosulfonates Market Size | Projection - 2031

• July-2024
• 125 Pages

Europe Lignosulfonates Market Size, Share | Forecast 2031

• July-2024
• 125 Pages

Asia Pacific Lignosulfonates Market Size & Share to 2031

• July-2024
• 125 Pages