Global Lignin Market: Snapshot
The global lignin market is prophesied to draw a large number of end users due to various applications and key properties of the plant-derived polymer. The three typical usages of lignin, the second most abundant biological material after cellulose, could be as an additive, a dispersant, and a binder. Such valuable functional properties are expected to be significant for opening up a diverse range of niche applications. This could be a chief factor increasing the demand in the global lignin market.
The CAGR anticipated for the global lignin market is 2.7% for the forecast period 2015–2023. By the concluding forecast year, the global lignin market could earn a valuation of US$985.5 mn.
Lignosulfonates Convert Construction and Building Growth into Rich Profit
The world lignin market could see a classification based on product where lignosulfonates and kraft lignin are sulfur bearing lignins and other lignins such as organosolv are sulfur free. It is important to note that sulfur bearing lignins are commercialized whereas sulfur-free lignins are not because of lack of industrial processes. The support from the advancing construction and 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.
However, North America had secured a larger share in the international lignin market, followed by Europe. In comparison with other regions of the international lignin market, Europe is foretold to entertain increasing labor and production costs. As a result, the region could lose its share in the international lignin market by the end of the forecast period. The Middle East and Africa region is also projected to foster a decent demand in the international lignin market.
The worldwide lignin market could hold a highly concentrated nature with five leading participants securing an over 85.0% share in the past. Domsjö Fabriker AB, Domtar Corporation, Tembec, Inc., MeadWestvaco Corporation, and Borregaard LignoTech are some of the top companies that could look to outspread their presence in the worldwide lignin market.
Lignin is the substance that gives plants their ‘woody’ structure. The global lignin market is driven by diverse applications of lignin across several industries such as cement/concrete, paper, cosmetics, metallurgy, and animal feed.
The market report examines, forecasts, and estimates the global lignin market in terms of revenue and demand between the years 2014 and 2023. The report also studies the key driving and restraining factors that are impacting the global market in the current scenario and their potential implications on the future of the market.
The report presents a comprehensive overview of the global lignin market based on the key products, applications, and key regional markets. The details regarding revenue generated by product and application segments is included in the report. The market performance is also studied based on its key regional segment.
This is a comprehensive report that includes attractiveness analysis of the market segments to estimate their future growth prospects. The data gathered with the help of a several primary and secondary research techniques is then analyzed using industry-leading analytical methods to provide a 360 degree snapshot of the market.
Overview of the Global Lignin Market
The global market for lignin, which had a valuation of US$782.3 million in 2014, will expand at a moderate, yet positive CAGR of 2.7% between 2015 and 2023 and rise to US$ 985.5 mn by 2023. In terms of volume, the market stood at 1115.4 Kilo tons in 2014. The report credits the rising set of niche applications of lignin as the key driving force for the global lignin market.
The wide array of uses of lignin as binder, emulsifying agent, dispersant also drive demand of lignin across a number of end-use industries. This is a chief factor why Asia Pacific, the region that is witnessing robust development in the industrial sector, is turning into an increasingly lucrative regional market for lignin manufacturers.
In terms of product-types, the report segments the global lignin market into kraft lignin, lignosulfonates, and others (including organosolv). Key applications of lignin studied in the report include dye stuff, animal feed, concrete additive, and others (including absorbents and cosmetics). Based on geography, the market is segmented into North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa.
Of the key product types examined in the report, the lignosulfonates segment witnesses the highest demand from numerous end-use industries and leads the global lignin market. The product type of kraft lignin, chiefly used in the production of dyes and insecticides, held 5% of the market in 2014. Of the key applications of lignin, the concrete additives segment held over 45% of the market in the same year.
Global Lignin Market: Key Vendors
The report studies business profiles of some of the key vendors operating in the global lignin market, including Domsjö Fabriker AB, Nippon Paper Industries Co., Ltd., Changzhou Shanfeng Chemical Industry Co., Ltd., MeadWestvaco Corporation, UPM-Kymmene Corporation, Borregaard LignoTech, Tembec, Inc., and Domtar Corporation.
Major regions analyzed under this research report are:
- North America
- Asia Pacific
- The Middle East and Africa
- Latin America
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segment