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High Purity Lignin Market Size
- Report ID: GMI5360
- Published Date: Sep 2022
- Report Format: PDF
High Purity Lignin Market Size
High Purity Lignin Market size was at over USD 25 million in 2021 and is poised to depict a CAGR of more than 6% from 2022 to 2030. The growth is a result of the surge in construction activities in developed economies.
High purity lignin is gaining popularity as a crucial chemical in the concrete admixture industry. Water reduction, enhanced strength, high durability, and decreased permeability are among its key attributes. Due to the rising disposable income and the thriving construction sector, the demand for high-purity lignin materials will increase substantially, especially in North America.
| Report Attribute | Details |
|---|---|
| Base Year: | 2021 |
| High Purity Lignin Market Size in 2021: | 25 Mn (USD) |
| Forecast Period: | 2022 to 2030 |
| Forecast Period 2022 to 2030 CAGR: | 6% |
| 2030 Value Projection: | 46 Mn (USD) |
| Historical Data for: | 2017 to 2021 |
| No. of Pages: | 177 |
| Tables, Charts & Figures: | 220 |
| Segments covered: | Product Type, Source, Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Apart from being utilized as a valuable raw material in the chemical applications, lignin is adopted as an energy source in paper production. Unlike fossil petroleum, the chemical is emerging as a sustainable option since it is derived from shrubs and trees. The focus on incorporating natural products in manufacturing will provide lucrative opportunities for the growth of the high-purity lignin industry. However, there is a lack of awareness regarding lignin and its applications among many end users, which may adversely impact the industry outlook to some extent.
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High Purity Lignin Market Scope
