Lignin Market Size, Share | Industry Trends Analysis Report, 2023
Lignin Market was valued at US$ 782.3 Mn in 2014 and is anticipated to reach US$ 985.5 Mn by 2023, expanding at a CAGR of 2.7% from 2015 to 2023
Lignin Market was valued at US$ 782.3 Mn in 2014 and is anticipated to reach US$ 985.5 Mn by 2023, expanding at a CAGR of 2.7% from 2015 to 2023
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Transparency <strong>Market</strong> Research<br />
<strong>Lignin</strong> <strong>Market</strong> - Global <strong>Industry</strong> <strong>Analysis</strong>,<br />
<strong>Size</strong>, <strong>Share</strong>, Growth, <strong>Trends</strong> and<br />
Forecast 2015 - <strong>2023</strong><br />
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REPORT DESCRIPTION<br />
Transparency <strong>Market</strong> Research has published a new report titled “<strong>Lignin</strong> <strong>Market</strong> - Global <strong>Industry</strong> <strong>Analysis</strong>, <strong>Size</strong>,<br />
<strong>Share</strong>, Growth, <strong>Trends</strong> and Forecast, 2015 - <strong>2023</strong>.” According to the report, the global lignin market was valued at<br />
US$ 782.3 Mn in 2014 and is anticipated to reach US$ 985.5 Mn by <strong>2023</strong>, expanding at a CAGR of 2.7% from 2015 to<br />
<strong>2023</strong>. The global lignin market demand by volume stood at 1115.4 Kilo Tons in 2014.<br />
This 129 page report gives readers a comprehensive overview of the <strong>Lignin</strong> market. Browse through 93 data tables<br />
and 20 figures to unlock the hidden opportunities in this market@<br />
http://www.transparencymarketresearch.com/lignin-market.html<br />
Increase in niche application of lignin in various fields such as building and construction, agrochemicals, and paints<br />
and coatings is contributing to the growth of the global lignin market. Functional properties offered by lignin is the<br />
major factor leading to high demand for lignin in the market. Usage of lignin as a dispersant, binder, and emulsifying<br />
agent has attracted the attention of major manufacturers in various end-user industries. Additionally, industrial<br />
expansion in developing economies such as Asia Pacific is propelling demand for lignin across the globe. These<br />
factors are likely to drive demand for lignin for applications such as concrete additive, animal feed, and dye stuff.<br />
Lignosulfonates account for major share of the global lignin market. Demand for these sulfur-free lignins is high in<br />
the construction industry due to its high absorbency rate and zeta potential to cement particles. Lignosulfonates are<br />
used on a large scale in the production of cement, as these reduce the viscosity of slurry by decreasing the amount<br />
of water used in the production of cement. <strong>Lignin</strong> provides high-performance concrete strength; thus, it reduces the<br />
damage caused by moisture and acid rain. Hence, high demand for lignin in the building & construction industry is<br />
estimated to boost demand for lignosulfonates globally.<br />
<strong>Lignin</strong> produced though the kraft pulping process is known as kraft lignin. This lignin dominates the sulfite pulping<br />
process. Kraft lignin possesses different chemical properties than lignosulfonates. Therefore, it is used in the<br />
manufacture of dyes and insecticides. Kraft lignin accounted for more than 5% share of the global lignin market in<br />
2014. The segment is projected to gain market share during the forecast period. The others segment (including<br />
organosolv) is also likely to drive demand for lignin at a steady rate in the near future.
Get accurate market forecast and analysis on the <strong>Lignin</strong> market. Request a sample to stay abreast on<br />
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Based on functional properties, the application of lignin is segmented into concrete additive, animal feed, dye stuff,<br />
and others (including cosmetics and absorbents). Concrete additive held more than 45% share of the global lignin<br />
market in 2014. Animal feed was the second fastest growing market in 2014, led by increase in livestock farming<br />
activities in developing as well as developed economies. It is expected to gain market share in the near future.<br />
Rising demand for lignin in the paints & coatings industry for dye stuff is another factor contributing to high demand<br />
for lignin globally. This segment is anticipated to record significant demand for lignin in the near future. Others<br />
(comprising cosmetics and absorbents) was the fastest growing segment in 2014. The segment is also anticipated to<br />
contribute to the growth of the global lignin market during the forecast period.<br />
The report segments the global lignin market into:<br />
<strong>Lignin</strong> <strong>Market</strong> - Product Segment <strong>Analysis</strong><br />
• Lignosulfonates<br />
• Kraft lignin<br />
• Others (Including organosolv)<br />
<strong>Lignin</strong> <strong>Market</strong> - Application <strong>Analysis</strong><br />
• Concrete additive<br />
• Animal feed<br />
• Dye stuff<br />
• Others (Including cosmetics and absorbents)<br />
<strong>Lignin</strong> <strong>Market</strong> - Regional <strong>Analysis</strong>
• North America<br />
• Europe<br />
• Asia Pacific<br />
• Latin America<br />
• Middle East and Africa<br />
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