The lignosulfonates market is projected to grow from USD 1.2 billion in 2022 to USD 1.4 billion by 2027, at a CAGR of 3.6% from 2022 to 2027. Increasing infrastructural activities for sustainable growth and demand from the agriculture industry is expected to drive the nanocellulose market.
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Based on product, the sodium lignosulfonate segment is projected to be the fastest-growing segment during 2022 to 2027. It is employed as cement water reducing agent. It has great demand in the construction industry and agriculture industry.
Based on application, the oil well additives segment is projected to be the fastest-growing segment during 2022 to 2027. Lignosulfonate has unique structure and properties and serves different roles in the oil-well drilling industry. Lignosulfonate is used in oil-well drilling fluids as thinning agents, thickening agents, clay stabilizers, fluid loss control agents, and other applications.
Based on region, Asia Pacific is projected to be the fastest-growing market for lignosulfonates during the forecast period. The region is making continuous effort to increase the living standard and focusing on urbanization which is driving the growth of the lignosulfonate market in the region. Most of the demand for lignosulfonate is from the region’s construction and petrochemical industries.
The leading players in the Lignosulfonate market companies such as Borregaard (Norway), Rayonier Advanced Materials (US), Sappi Limited (South Africa), Domsjo Fabriker (Sweden), Nippon Paper Industries Co., Ltd. (Japan) fall under the winners’ category. These players have adopted the strategies of partnership, joint venture and disinvestment to fulfil the rising demand for lignosulfonate on the regional as well as global levels.
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Borregaard
Borregaard develops lignosulfonates for construction and agriculture applications. The company’s BioSolutions business division creates, manufactures, and sells biopolymers made from lignin, as well as biovanillin. In January 2019, the company partnered with GIA for the supply of equipment such as spray dryers for lignin production in Turkey.
Rayonier Advanced Materials
Rayonier Advanced Materials is a cellulose based technology company. The company manufactures lignosulfonate made from softwood sourced locally from countries such as Canada and France. In June 2018, the company made a joint venture with Borregaard for lignin production in Florida.
Sappi Limited
Sappi Limited is one of the leading companies in the lignosulfonate market. The company offers lignosulfonate to several industries, such as construction, agriculture, and feeding solutions. In March 2017, Sappi Limited made a partnership with CellMark to increase its global sales of Hansa lignin products.
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