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