Construction sector in Asia Pacific to fuel the demand for lignosulfonates

7:21 AM, 1st February 2021
Key factors supporting the demand for lignosulfonates include the increasing global population coupled with the escalating demand for high-grade infrastructure solutions across the residential and non-residential industries.

The global lignosulfonates market has witnessed enormous gains over the years due to the rising product applications in oil well additives, concrete admixtures, animal feed binders, and dust control. Key factors supporting the material use include the increasing global population coupled with the escalating demand for high-grade infrastructure solutions across the residential and non-residential industries.

Lignosulfonates are used as a water-reducing chemical that are cost-effective, propelling their use across various sectors of the economy. Globally, lignosulfonates market size is anticipated to hit $973 million in annual value by 2024.

Robust gains in the construction industry have been observed in developing regions due to the rapid economic expansion across various sectors of the economy. The governments along with private entities in countries like India, Singapore, South Korea, Thailand, Brazil and Mexico have heavily invested to improve the prevailing infrastructure scenario due to a substantial increase in industrialization, tourism, and for the betterment of the citizens.

The coronavirus pandemic has largely affected the construction industry due to the restrictions in the movement of people and goods from one place to another as announced by the governments in many countries with an aim to control the spread of the infections. This has caused delay in the completion of projects.

However, to revive the economy, the authorities have provided gradual relaxation which will help the construction industry regain traction, indicating considerable use of concrete admixtures like lignosulfonates. Constant developments in the construction sector will continue to support the sale of lignosulfonates as they are used in cement as a water-reducing agent to enhance its workability at high temperatures.

Robust animal feed application

The substance finds extensive application in animal feed binders, driven by the ability to increase the weight of the animals. The ingredient is known to benefit the gastrointestinal tract of the animals, paving its way in the vast animal feed industry. The expansion in dairy, poultry, and other livestock sectors has supplemented the demand for reliable, safe, and high-nutrient animal feed.

As per reports, New Zealand’s domestic animal feed industry produces nearly 1.6 to 2 million metric tons of product annually, suggested the significant potential of the substance in the sector. International regulatory authorities such as the US FDA regulates the quality of the animal feed to ensure that it is safe for billions of animals across the US including chicken, pigs, sheep, fish, turkeys, horses, and sheep, among various others.

The FDA under its Code of Federal Regulations for food additives permitted in feed and drinking water of animals has approved the use of lignosulfonates to be used in animal feeds in controlled quantities.  

Use of lignosulfonates in oil additives

Lignosulfonates industry size from the oil well additives sector will grow due to the exploration of oil wells across the Middle East and Africa as well as the US. As per PwC reports, Africa’s share of global oil production increased to 8.7 percent in 2018. Lignosulfonate carries the ability to act as a cement retardant in oil well additives, boosting its demand.  

Construction activities in the Asia Pacific

Regionally speaking, Asia Pacific lignosulfonates market has emerged as a key revenue pocket due to the increasing construction spending in countries like India, China, Japan, and Singapore. With an increase in FDI, where foreign companies are heavily investing in the local businesses and establishing their manufacturing units in APAC, there is a growing need for an advanced infrastructure ecosystem.

Lignosulfonate producers worldwide include Burgo Group, Flambeau River Papers, Shenyang Xingzhenghe Chemical Co Ltd, Sappi Limited and Newworld Material Co Limited, among numerous others.

Growing construction needs to accumulate the expanding population along with the increase in disposable income has amplified the need for advanced and reliable infrastructure. Over the years, realizing the need to control the carbon emission levels, many construction firms have opted for green building construction solutions. This has further supported growth trends in the global lignosulfonates market.

Get detailed analysis on the Lignosulfonates Market: https://www.gminsights.com/request-sample/detail/786

Contact Us:

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1-302-846-7766

Toll Free: 1-888-689-0688

Email: sales@gminsights.com

Web: https://www.gminsights.com

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