Lignin Market - Global Industry Analysis and Forecast | 2023

Lignin Market
building sector in terms of demand is envisaged to help lignosulfonates account for a colossal
share in the world lignin market.
Nevertheless, kraft lignin could look to gain a growing share in the world lignin market owing to
an elevating demand for dye stuff in the textile and paints and coatings sectors. The world lignin
market could also be benefited by the swelling application of kraft lignin as an insecticide.
Organosolv and other products could expand their shares progressively in the world lignin
market.
In the construction sector, lignosulfonates could be engaged as a concrete additive in view of
their superior absorption properties alongside zeta potential to cement particles. Animal feed is
envisioned to attract a 15.0% share in the world lignin market by 2023. Kraft lignin could find
applications such as insecticide and dye stuff in the world lignin market due to its different
chemical properties as compared to lignosulfonates. The emulsifying properties of lignin are
forecasted to increase its application in the manufacture of personal care and cosmetic products.
Industrial Development Aids Asia Pacific Showcase Brisk Growth
The international lignin market is prognosticated to rake in a fetching growth on the back of
influential emerging regions such as Asia Pacific. During the course of the forecast period, the
Asia Pacific lignin market could grow at a faster rate on account of a rising demand birthed from
the industrial expansion in the region. Followed by Latin America, Asia Pacific is predicted to
provide a strong impetus to the international lignin market, helping it to boost growth from time
to time. The analysts foresee Latin America to grow at a 3.5% CAGR until the final forecast year.
Transparency Market Research
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