Global Lignin-based Products Market: Overview
Lignin is the principal byproduct from lignocellulosic bio-refineries and a valuable renewable resource for the chemical industry. Annually, 50–60 million tons of lignin is extracted from wood as a byproduct of the pulping industry. Lignin, a component of plants, has great potential in terms of conversion into value-added products that can significantly improve the economics of a bio-refinery. It is a non-toxic and renewable raw material accounting for approximately 30% of the weight and ~40% of the energy content of lignocellulosic biomass. Due to complex nature of lignin, this highly abundant biomass product is undervalued and it is primarily used as a boiler fuel in the paper & pulp industry. The increasing fuel prices with changing fuel specifications are likely to boost the use of bio-based material, thereby driving the lignin-based products market during the forecast period.
Global Lignin-based Products Market: Trends
Lignin-based products can by produced naturally and from industrial sources. Lignin is present in the tissue of vascular plants, where it adds to the mechanical strength and structural integrity of the cell wall. Its complex chemical structure allows its use in a wide range of applications. Major sources of lignin are cooking liquors generated in the wood pulping process. From industrial sources, lignin can be produced by using two technologies i.e. the kraft pulping process and the soda process. Kraft pulping process is the dominating process and is projected to expand significantly during the forecast period.
Global Lignin-based Products Market: Key Segments
Based on type, the lignin-based products market can be divided into cellulose enzyme lignin, milled wood lignin, chemical lignin, klason lignin, pyrolytic lignin, and others. Lignin is sustainable, and low-cost raw material. It is also an ideal substitute for oil-based products. Thus, these factors are estimated to drive the lignin-based products market during the forecast period.
Based on derivative type, the lignin-based products market can be segmented into activated carbons, binders, carbon fibers, phenolics, guaiacol, and others. Guaiacol, a naturally occurring organic compound, can be derived from guaiacum or wood creosote. It is used as a precursor to various flavoring agents such as vanillin and roasted coffee. Its derivatives are used as expectorants, antiseptics, local anesthetics, and also, as indicators in chemical reactions that produce oxygen. Over 90% of the carbon fiber produced worldwide is derived from petroleum-derived polyacrylonitrile (PAN). However, compared to PAN, lignin has more than 60% carbon content and it is a renewable material.
Global Lignin-based Products Market: Applications
In terms of application, the lignin-based products market can be divided into food additives, cement, dispersants, binders, batteries, and others. Lignin offers high performance concrete strength and provides excellent weather resistance. These properties drive the lignin-based products market in the cement segment. Lignin is used as a binder for glass wool building insulation. Lignin-based products market is also employed as a chemically modified product that can be used as a dispersing agent, flocculent, thickener, or auxiliary agent for coatings, paints, etc. Furthermore, a lignin?derived material is employed as a dispersant for soils, cleaning and/or laundry detergent compounds, cement mixers, leather tanning, oil drilling muds, and pesticides and insecticides.
Global Lignin-based Products Market: Regional Outlook
In terms of region, the global lignin-based products market can be segregated into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is expected to be a rapidly expanding market for lignin-based products from 2018 to 2026, owing to rise in the demand for these products from the cement industry in the region. The lignin based products accounts for significant market share in North America and is expected to expand significantly in the near future, due to the rising awareness of lignin products from the pulp and paper industry. The market in Europe is anticipated to expand at a significant pace from 2018 to 2026, due to increase in the consumption of lignin-based products in various applications in the region. Latin America and Middle East & Africa also constitute a significant share of the global lignin-based products market.
Global Lignin-based Products Market: Key Players
Prominent players operating in the global lignin-based products market are Alberta-Pacific (Alpac), Innventia, Domtar Corp, and Green Value.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?