Global sodium lignosulphonate market projected to grow at 4.43% CAGR, reaching USD 571.5 million by 2033

From GlobeNewswire: 2024-06-18 10:00:00

The Global Sodium Lignosulphonate Market is set to grow from USD 370.5 million in 2023 to USD 571.5 million by 2033, with a CAGR of 4.43% during the projected period. Sodium lignosulphonate is widely utilized in concrete mixtures as a water-reducing component with various applications in different industries. Sales are expected to rise due to its use as a low-cost plasticizer and animal feed binder.

The dry sodium lignosulfonate segment is expected to dominate the global sodium lignosulphonate market. It is used as an animal feed additive due to its antibacterial and preservation properties. Additionally, the concrete additives segment is projected to hold the largest share of the market during the forecast period. Europe is anticipated to lead the market, with countries like Germany, France, and Italy being major players.

Asia Pacific is forecasted to experience rapid growth in the global sodium lignosulphonate market, driven by China’s extensive import and export of the product. The region’s demand for concrete admixtures is expected to boost the market further. Major vendors in the market include Borregaard LignoTech, Sappi, Nippon Paper Industries Co. Ltd., among others. The report offers a competitive analysis of key companies in the market, focusing on their product offerings, business strategies, and market share.



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