Lignin Product Market is expected to grow at CAGR 2% during 2019-2025
Published Date | 2019 May 29
According to BlueWeave Consulting, the global Lignin Product market is anticipated to worth USD 794 million by 2018, with a CAGR of 2% during 2019-2025. The Global Lignin Product Market is expected to grow with a significant rate during the forecast period, owing to the uniqueness of Lignin Product to deliver high peak power without thermal damage, which is ideally suited for biological and biomedical.
Moreover, the major factor driving the market growth is the growing use of Lignin Product for dust control systems driven by the rise in air pollution. Furthermore, the upsurge in the application of lignin products as an additive in concrete due to water reduction property will accelerate the growth of the Lignin Product market. Additionally, rising popularity for using fossil-based raw materials will contribute to Lignin Product market growth during the forecast period.
Also, soaring in demand for lignin for the production of macromolecules, which are used in the manufacture of biofuels, bitumen, and bio-refinery catalysts, will boost the Lignin product market in the upcoming year. Further, the upsurge in demand for binders & adhesives and concrete admixtures coupled with increasing development in the infrastructure industry will bolster the lignin product market in the next few years. In addition, increasing the application of lignin products for animal feed will influence the growth of the global lignin market over the forecast period.
Besides, expansion in timber production from forest and agricultural plantations is projected to increase in the rising number of plantations, providing wood for pulp and common saw timber, which is helpful in the production of raw materials to propel the global lignin product industry over the forecast period.
Kraft pulping source type of Lignin Product market is projected to be the leading segment of the overall market during the forecast period.
Based on Source type, the lignin product market segmented into Kraft Pulping, Sulphite Pulping, and Cellulosic Ethanol. Kraft Pulping dominates the global Lignin Product owing to growing their need as dispersants for dyes and pesticides. Its application drives sulphite pulping as dispersants, binders, complexing agents, and emulsifying agents.
Browse Detailed Analysis with TOC, “Global Lignin Product Market Size, by Source (Kraft Pulping, Sulphite Pulping, and Cellulosic Ethanol), by Product Type (Lignosulfonate, Kraft Lignin, High-purity Lignin, and Others), Application (Activated Carbon, Animal Feed, Carbon Fibres, Concrete Additives, Dispersants, Phenol and Derivatives, Vanillin Plastics/Polymers, Resins, and Others), by Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America); Growth Potential, Trends Analysis, Competitive Market Size and Forecast, 2015-2025,”
The lignosulfonate product type of the Lignin Product market is expected to be the leading segment of the overall market during the forecast period.
Based on Product type, the Ground Penetrating RADAR Market market has been segmented into Lignosulfonate, Kraft Lignin, High-purity Lignin, and Other Product Types. Lignosulfonate dominates the market in the account of its uses for dust control on unpaved roads and to disperse pesticides, carbon black, dyes, and other insoluble solids and liquids into the water. Kraft Lignin will trigger by its demand as an intermediate in the production of various compounds like activated carbon, cement additives, BTX, and vanillin.
Concrete Additives are projected to lead the industry for utilizing applications of the Lignin Product during the forecast period.
Based on application, the global Lignin Product market has been segmented into Activated Carbon, Animal Feed, Carbon Fibres, Concrete Additives, Dispersants, Phenol and Derivatives, Plastics/Polymers, Vanillin, and Other Applications. By Application, Concrete Additives will lead the market owing to its uses in the construction industry for effective placement of concrete in extreme weather conditions, reduced permeability, corrosion resistance, improved underwater placement of concrete. Carbon fibers will boost by its applications in the high mechanical performance like aircraft, sports equipment, satellite, formula one cars, pressure vessels, and wind turbine components.
Europe accounts for the lion’s share of the global Lignin Product market during the anticipated period.
Based on the region, the Lignin Product market segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Europe dominates the world Lignin Product market over the forecast period owing to the demand for lignin products by government regulations for dust collections in the polluted air and demand for bio-based products. The Asia Pacific is projected to be the fastest-growing market throughout the forecast period due to the demand from the construction industry and increment in pulp & paper manufacturing industry.
Global Lignin Product Market Competitive Landscape
Companies such as Domtar Corporation, Domsjö Fabriker AB, Tembec, Inc., Borregaard LignoTech, MeadWestvaco Corporation, LignoTech, Burgo Group Spa, Domtar Corporation, Ingevity, Liquid Lignin Company, and Nippon Paper are the key players in the global Lignin Product market.