Lignin Market - Global Industry Analysis and Forecast | 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><br />
Research<br />
<strong>Lignin</strong> <strong>Market</strong> (Product - Lignosulfonates, Kraft <strong>Lignin</strong>,<br />
<strong>and</strong> Organosolv; Application - Concrete Additive,<br />
Animal Feed, Dye Stuff, <strong>and</strong> Cosmetics <strong>and</strong><br />
Absorbents) - <strong>Global</strong> <strong>Industry</strong> <strong>Analysis</strong>, Size, Share,<br />
Growth, Trends <strong>and</strong> <strong>Forecast</strong> 2015 - <strong>2023</strong><br />
Published Date<br />
2015-06-12<br />
129 Page Report<br />
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Press Release<br />
<strong>Lignin</strong> <strong>Market</strong> is Expected to Reach US$ 985.5 Mn in <strong>2023</strong><br />
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<strong>Lignin</strong> <strong>Market</strong><br />
REPORT DESCRIPTION<br />
<strong>Global</strong> <strong>Lignin</strong> <strong>Market</strong>: Snapshot<br />
The global lignin market is prophesied to draw a large number of end users due to various<br />
applications <strong>and</strong> key properties of the plant-derived polymer. The three typical usages of lignin,<br />
the second most abundant biological material after cellulose, could be as an additive, a<br />
dispersant, <strong>and</strong> a binder. Such valuable functional properties are expected to be significant for<br />
opening up a diverse range of niche applications. This could be a chief factor increasing the<br />
dem<strong>and</strong> in the global lignin market.<br />
The CAGR anticipated for the global lignin market is 2.7% for the forecast period 2015–<strong>2023</strong>. By<br />
the concluding forecast year, the global lignin market could earn a valuation of US$985.5 mn.<br />
Browse <strong>Market</strong> Research Report: http://www.transparencymarketresearch.com/ligninmarket.html<br />
Lignosulfonates Convert Construction <strong>and</strong> Building Growth into Rich Profit<br />
The world lignin market could see a classification based on product where lignosulfonates <strong>and</strong><br />
kraft lignin are sulfur bearing lignins <strong>and</strong> other lignins such as organosolv are sulfur free. It is<br />
important to note that sulfur bearing lignins are commercialized whereas sulfur-free lignins are<br />
not because of lack of industrial processes. The support from the advancing construction <strong>and</strong><br />
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<strong>Lignin</strong> <strong>Market</strong><br />
building sector in terms of dem<strong>and</strong> is envisaged to help lignosulfonates account for a colossal<br />
share in the world lignin market.<br />
Nevertheless, kraft lignin could look to gain a growing share in the world lignin market owing to<br />
an elevating dem<strong>and</strong> for dye stuff in the textile <strong>and</strong> paints <strong>and</strong> coatings sectors. The world lignin<br />
market could also be benefited by the swelling application of kraft lignin as an insecticide.<br />
Organosolv <strong>and</strong> other products could exp<strong>and</strong> their shares progressively in the world lignin<br />
market.<br />
In the construction sector, lignosulfonates could be engaged as a concrete additive in view of<br />
their superior absorption properties alongside zeta potential to cement particles. Animal feed is<br />
envisioned to attract a 15.0% share in the world lignin market by <strong>2023</strong>. Kraft lignin could find<br />
applications such as insecticide <strong>and</strong> dye stuff in the world lignin market due to its different<br />
chemical properties as compared to lignosulfonates. The emulsifying properties of lignin are<br />
forecasted to increase its application in the manufacture of personal care <strong>and</strong> cosmetic products.<br />
Industrial Development Aids Asia Pacific Showcase Brisk Growth<br />
The international lignin market is prognosticated to rake in a fetching growth on the back of<br />
influential emerging regions such as Asia Pacific. During the course of the forecast period, the<br />
Asia Pacific lignin market could grow at a faster rate on account of a rising dem<strong>and</strong> birthed from<br />
the industrial expansion in the region. Followed by Latin America, Asia Pacific is predicted to<br />
provide a strong impetus to the international lignin market, helping it to boost growth from time<br />
to time. The analysts foresee Latin America to grow at a 3.5% CAGR until the final forecast year.<br />
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<strong>Lignin</strong> <strong>Market</strong><br />
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However, North America had secured a larger share in the international lignin market, followed<br />
by Europe. In comparison with other regions of the international lignin market, Europe is foretold<br />
to entertain increasing labor <strong>and</strong> production costs. As a result, the region could lose its share in<br />
the international lignin market by the end of the forecast period. The Middle East <strong>and</strong> Africa<br />
region is also projected to foster a decent dem<strong>and</strong> in the international lignin market.<br />
The worldwide lignin market could hold a highly concentrated nature with five leading<br />
participants securing an over 85.0% share in the past. Domsjö Fabriker AB, Domtar Corporation,<br />
Tembec, Inc., MeadWestvaco Corporation, <strong>and</strong> Borregaard LignoTech are some of the top<br />
companies that could look to outspread their presence in the worldwide lignin market.<br />
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<strong>Lignin</strong> <strong>Market</strong><br />
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