The global lignin market size is expected to reach USD 1.12 billion by 2027, according to a new report by Radiant Insights, Inc. It is anticipated to expand at a revenue-based CAGR of 2.0% over the forecast period. Wide acceptance of lignin as a natural feed additive is anticipated to drive the demand. Increasing application in construction and industrial sectors is also likely to support the growth.
Refined lignin is obtained from pulping process, thus, major pulp and paper manufacturers engage in lignin production, which is projected to support the market growth. Commercial availability of the products coupled with increasing demand from application, such as macromolecules and aromatics is anticipated to positively influence the market in the forthcoming years.
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Technological advancements in lignin products have promoted manufacturing of advanced materials including carbon fiber, vanillin, phenols, and BTX that can be further processed for dispersants and binders and adhesives. Moreover, lignosulfonates and kraft lignin are widely being accepted in industrial applications.
Market players are focusing on the cultivation and maintenance of industrial plantations to obtain superior quality lignin. Advancements for improving lignin extraction quantities as a commercially viable product are likely to drive the market growth over the forecast period. Major players include Borregaard LignoTech AB, Tembec, and Domtar Corporation.
Further key findings from the report suggest:
• Ligno-sulphonates product segment is likely to expand at a CAGR of over 2% over the forecast period on account of wide acceptance of the product in concrete, cement, carbon black, drilling fluids, pesticide, and dyes
• In Asia Pacific, the revenue for kraft lignin stood at USD 23 million in 2019 and is projected to register a CAGR of more than 3% during the forecast period. China accounted for more than 55% revenue share of kraft lignin segment in the region
• In 2019, the macromolecules segment accounted for a revenue share of more than 55% on account of wide utilization in industrial application and is anticipated to ascend at a CAGR of over 1.5% till 2027
• Europe was the largest market in 2019 and is projected to continue leading over the forecast period on account of the presence of prominent lignin producers in the region
• Borregaard LignoTech AB accounted for over 40% of the global lignin market in 2019. The company offers the product for agriculture chemicals, battery additives, carbon black, emulsions,
gypsum boards, ceramics, and other such applications
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/lignin-market-size
Table of Contents
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumption
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Radiant Insights Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Lignin Market Variables, Trends, & Scope
3.1. Penetration & Growth Prospect Mapping
3.2. Industry Value Chain Analysis
3.2.1. Raw Material Trends
3.2.2. Manufacturing Trends
3.2.3. Sales Channel Analysis
3.3. Technology Overview
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Industry Challenges
Continued…
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About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/
Refined lignin is obtained from pulping process, thus, major pulp and paper manufacturers engage in lignin production, which is projected to support the market growth. Commercial availability of the products coupled with increasing demand from application, such as macromolecules and aromatics is anticipated to positively influence the market in the forthcoming years.
Download Free Sample Report @ https://www.radiantinsights.com/research/lignin-market-size/request-sample
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| Lignin Market |
Technological advancements in lignin products have promoted manufacturing of advanced materials including carbon fiber, vanillin, phenols, and BTX that can be further processed for dispersants and binders and adhesives. Moreover, lignosulfonates and kraft lignin are widely being accepted in industrial applications.
Market players are focusing on the cultivation and maintenance of industrial plantations to obtain superior quality lignin. Advancements for improving lignin extraction quantities as a commercially viable product are likely to drive the market growth over the forecast period. Major players include Borregaard LignoTech AB, Tembec, and Domtar Corporation.
Further key findings from the report suggest:
• Ligno-sulphonates product segment is likely to expand at a CAGR of over 2% over the forecast period on account of wide acceptance of the product in concrete, cement, carbon black, drilling fluids, pesticide, and dyes
• In Asia Pacific, the revenue for kraft lignin stood at USD 23 million in 2019 and is projected to register a CAGR of more than 3% during the forecast period. China accounted for more than 55% revenue share of kraft lignin segment in the region
• In 2019, the macromolecules segment accounted for a revenue share of more than 55% on account of wide utilization in industrial application and is anticipated to ascend at a CAGR of over 1.5% till 2027
• Europe was the largest market in 2019 and is projected to continue leading over the forecast period on account of the presence of prominent lignin producers in the region
• Borregaard LignoTech AB accounted for over 40% of the global lignin market in 2019. The company offers the product for agriculture chemicals, battery additives, carbon black, emulsions,
gypsum boards, ceramics, and other such applications
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/lignin-market-size
Table of Contents
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumption
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Radiant Insights Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Lignin Market Variables, Trends, & Scope
3.1. Penetration & Growth Prospect Mapping
3.2. Industry Value Chain Analysis
3.2.1. Raw Material Trends
3.2.2. Manufacturing Trends
3.2.3. Sales Channel Analysis
3.3. Technology Overview
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Industry Challenges
Continued…
Read all Reports of this category @ https://www.radiantinsights.com/catalog/materials
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/
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