Lignosulfonates Market to Reach 1.4 Billion USD by 2027 – Exclusive Report by MarketsandMarkets™
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. The growth of the market is driven by the rising demand for lignosulfonate in various applications such as concrete additives, animal feed binders, oil well additives and, among others.
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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 are leading players in the Lignosulfonate market, globally. 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.
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.
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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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