Lignosulfonates, also referred to as sulfonated lignin, are wood chemicals obtained as by-products when wood pulp undergoes the sulfite process. By virtue of being anionic polyelectrolyte, these chemicals are easily soluble in water. Lignosulfonates are most commonly, used as pellets in animal feed, as superplasticizers and plasticizers in construction, gypsum board, as pesticide and dispersant in agrochemical, and as oil well drilling muds in the oil and gas industry. Lignosulfonates demonstrate extraordinary potential as plasticizers and are extensively used across industries in Latin America, Asia Pacific, and the Middle East. Thus, with the development witnessed in the construction industry of the aforementioned regions, the demand for concrete admixtures derived from lignosulfonates is expected to surge in response.
According to a report published recently by Transparency Market Research, the Middle East, Latin America, and Asia Pacific lignosulfonate-based concrete admixtures market in the stood at US$98.9 mn in 2014. Rising at a steady CAGR of 4.2% between 2015 and 2023, the market is expected to reach US$143.1 mn by the end of 2023.
Demand for Plasticizers Set to Increase at a Rapid Pace
Based on product, plasticizers grade lignosulfonate-based concrete admixtures have emerged as the dominant segment in the market. The segmented accounted for a share of 65% in the market in 2014. However, the superplasticizers segment is poised to surge at the fastest pace during 2015-2023. Rapid growth witnessed by the construction industry will fuel demand for plasticizers in the forthcoming years. Furthermore, the demand for superplasticizers is expected to increase at a robust pace over the next few years due to their impressive water reducing ability.
Asia Pacific Emerges as Most Lucrative Region
Regionally, Asia Pacific held the largest share in the global market based on volume in 2014. The Asia Pacific market for lignosulfonate-based concrete admixtures is bolstered by the rising demand for plasticizers and superplasticizers in the construction industry of the region. Asia Pacific is also projected to be the fastest growing regional market for lignosulfonate-based concrete admixtures in the near future. The demand for lignosulfonate-based concrete admixtures in Asia Pacific is primarily boosted by rapid growth of infrastructure in countries such as India, China, and other ASEAN countries.
Demand from Construction Industry to Boost Middle East Market for Lignosulfonates
The market is also expected to witness lucrative opportunities in the Middle East. Saudi Arabia, Qatar, Kuwait, and the UAE are expected to emerge as the most attractive markets in the region. The market for lignosulfonate-based concrete admixtures in Latin America is expected to gain from the growth in the construction industry of the region.
The growth exhibited by the lignosulfonate-based concrete admixtures market is therefore highly influenced by the trajectory of the construction industry. However, despite witnessing increasing demand in the last few years, the availability of equally effective substitutes may hamper the market’s progress to an extent. Nevertheless, with the rising investment on infrastructure in developing regions, the vendors operating in the market are expecting attractive opportunities for capitalizing on in the near future.
Browse Full Asia Pacific Lignosulfonate-based Concrete Admixtures Market Report with TOC:http://www.mrrse.com/asia-pacific-lignosulfonate-based-concrete-admixtures-market
Some of the key players operating in the market include Sika AG, CICO Technologies Limited, W.R. Grace Co-Conn., CEMEX S.A.B. de C.V., Fosroc International, CHRYSO Group, Mapei International, Sodamco-Weber, and Pidilite Industries Limited.