Albany, NY -- (SBWire) -- 09/27/2017 --Transparency Market Research has released a new market report titled "Lignosulfonate-based Concrete Admixtures Market - Asia Pacific, Latin America and Middle East Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023" According to the report, the lignosulfonate-based concrete admixtures market for Asia Pacific, Latin America, and the Middle East together was valued at US$ 98.9 mn in 2014 and is anticipated to reach US$143.1 mn in 2023, expanding at a CAGR of 4.2% from 2015 to 2023.
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Lignosulfonates are primarily anionic polyelectrolytes that are easily soluble in water. These are used in various applications and end-user industries such as construction (plasticizers and superplasticizers), gypsum board, animal feed (pellets), agrochemical (pesticide dispersant), and oil & gas (oil well drilling muds). Lignosulfonate-based concrete admixtures are one of the most commonly used water reducing chemicals in the construction industry. Water reducing chemicals play a vital role in reducing the actual demand for water in concrete mixtures and yet maintain the workability of the concrete. Growth in the infrastructure sector in various regions is projected to further boost the demand for water reducing chemicals. This, in turn, is likely to propel the lignosulfonate-based concrete admixtures market.
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In terms of product, plasticizer segment accounted for more than 65% of the lignosulfonate-based concrete admixtures market. The plasticizer grade of lignosulfonate is mostly preferred due to its eco-friendly nature and economical cost. The plasticizer grade of lignosulfonate can lower the water requirement by a moderate level. Typically, the lignosulfonate-based concrete admixtures of plasticizer grade can reduce the water requirement in concrete by 8% to 15%, while the superplasticizer or modified lignosulfonate can reduce the water requirement up to 25%. Demand for lignosulfonate-based concrete admixtures in plasticizer and superplasticizer grades is anticipated to rise over the next eight years owing to increasing need for reduction in demand for water in concrete and indirectly in the construction industry.
Key players in the lignosulfonate-based concrete admixtures market include BASF SE, Sika AG, W.R. Grace Co.-Conn, Fosroc International, CICO Technologies Limited, CEMEX S.A.B. de C.V., CHRYSO Group, Sodamco-Weber, Mapei International & Pidilite Industries Limited.
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Lignosulfonate-Based Concrete Market Is Expanding at a CAGR of 4.20% Between 2015 and 2023