Current Market Dynamics, Future Market Opportunities : Lignin Market
The global Lignin market was accounted for US$ 872.2 Mn in terms of value and by the end of 2019 and is expected to grow at a CAGR of 2.7% during the forecast period. Drivers: Robust growth in the construction industry is propelling the market growth of lignin. They are used in the cement and concrete admixtures as a binder for providing strength and stability to the structure. Lignin sulphonate is used in the development of road for dust control and surface stabilization. Moreover, growing investment in the development of infrastructure by the government along with the increasing population which is driving demand for infrastructure is again expected to foster the market growth of the lignin. Get More Insights (at) https://www.coherentmarketinsights.com/market-insight/lignin-market-4506
The global Lignin market was accounted for US$ 872.2 Mn in terms of value and by the end of 2019 and is expected to grow at a CAGR of 2.7% during the forecast period.
Drivers:
Robust growth in the construction industry is propelling the market growth of lignin. They are used in the cement and concrete admixtures as a binder for providing strength and stability to the structure. Lignin sulphonate is used in the development of road for dust control and surface stabilization. Moreover, growing investment in the development of infrastructure by the government along with the increasing population which is driving demand for infrastructure is again expected to foster the market growth of the lignin.
Get More Insights (at) https://www.coherentmarketinsights.com/market-insight/lignin-market-4506
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GLOBAL<br />
LIGNIN<br />
MARKET<br />
<strong>Market</strong> Size (2019)<br />
US$ 872.2 MN<br />
CAGR (2020 –<br />
2027)<br />
2.7%<br />
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Segmentation (Scope)<br />
By Application<br />
By Product<br />
Concrete Additive Lignosulfonates<br />
Animal Feed<br />
Kraft <strong>Lignin</strong><br />
Dye Stuff<br />
Others<br />
Others<br />
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Major Drivers<br />
Increasing demand for carbon fibers<br />
and polyurethane foams from<br />
automotive industry<br />
Strong demand for the product from<br />
the animal feed industry.<br />
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NORTH<br />
AMERICA<br />
<strong>Market</strong> Size<br />
US$ 298.3 MN<br />
ASIA<br />
PACIFIC<br />
<strong>Market</strong> Size<br />
US$ 198.2 MN<br />
CAGR<br />
2.3%<br />
CAGR<br />
3.4%<br />
Major Driver<br />
<br />
The shifting trends of chemical manufacturing<br />
industry in the region towards using bio-based<br />
raw material in manufacturing<br />
Major Driver<br />
<br />
The rising trends for the<br />
manufacturing of products through<br />
bio-based sources<br />
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Borregaard LignoTech<br />
Changzhou Shanfeng<br />
Chemical Industry Co., Ltd.<br />
Major<br />
Players<br />
Domsjo Fabriker AB<br />
Domtar Corporation<br />
MeadWestvaco Corporation<br />
Nippon Paper Industries Co., Ltd.<br />
Tembec, Inc.<br />
UPM-Kymmene Corporation<br />
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Global <strong>Lignin</strong> <strong>Market</strong>, Revenue Share (%),<br />
By Product, in 2019<br />
91.30%<br />
?<br />
?<br />
Lignosulfonates Kraft <strong>Lignin</strong> Others<br />
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Global <strong>Lignin</strong> <strong>Market</strong> –<br />
Opportunity Analysis<br />
Growing use of<br />
lightweight<br />
products from<br />
aerospace<br />
industry<br />
Opportunity<br />
Analysis<br />
Increasing use<br />
of raw<br />
materials for<br />
the production<br />
of polymers<br />
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