Post Date:6,Feb,2023
Global Sodium Lignosulfonate Market: Snapshot
The sodium lignosulfonate market has thus far been moderately consolidated, and going ahead too the market is likely to remain this way. In this market, integration of the value chain is a notable characteristic which is serving to up the market share of key players. Several key players in this market are involved in production of raw materials for sodium lignosulfonate that marks their presence at various points in the end-to-end value chain for Sodium Lignosulfonate.
The recovery of the construction sector leading to the development of residential and non-residential structures in several parts of the world is significantly benefitting the global sodium lignosulfonate market. This is because of the widespread demand for concrete admixtures in the construction sector that are based on Sodium Lignosulfonate. Apart from this, the use of sodium lignosulfonate as well additives in oil production is also boosting this market’s growth.
Increase in Construction Activities to Boost the Growth Opportunities across the Sodium Lignosulfonate Market
The sodium lignosulfonate market is expected to observe considerable growth opportunities across the assessment period of 2017-2025 on the back of the rising urbanization levels and an increase in construction activities around the globe. The booming population numbers are signaling a rise in the number of residential and commercial establishments which will further add extra stars of growth to the sodium lignosulfonate market.
Sodium lignosulfonate is a sodium salt of lignosulfonic acid. It is extensively soluble in water. It has varied chemical properties that make it useful across varied industries such as oil and gas, construction, agriculture, and others. All these aspects bode well for the growth of the sodium lignosulfonate market.
Sodium Lignosulfonate are used as water-reducing agents and hence, form an important component of the construction industry. This aspect will help in increasing the growth prospects of the sodium lignosulfonate market as construction activities are at an all time high across various regions, especially in densely populated countries like China and India.
Agricultural activities also form an important part of the growth trajectory of the sodium lignosulfonate market. Sodium lignosulfonate has antimicrobial properties and hence, is used prominently in developing animal feed. Thus, these factors will help in increasing the growth rate of the sodium lignosulfonate market.
Strategic collaborations form an important part of the sodium lignosulfonate market. The players in the sodium lignosulfonate market indulge in these activities to strengthen their influence. The players also invest heavily in research and development activities as they help in discovering novel insights and eventually increase revenues.
Post time: Feb-06-2023