Lignin Market Size By Product (Kraft Lignin, Lignosulphonates, Low Purity Lignin), By Application (Aromatics, macromolecules), Industry Analysis Report, Regional Outlook, Lignin Downstream Potential (Vanillin, Carbon Fiber, Phenol, BTX), Price Trends, Competitive Market Share & Forecast, 2019 - 2025
Published Date: Aug 2019 | Report ID: GMI181 | Authors: Kunal Ahuja, Shreya Deb
Lignin Market size was over USD 730 million in 2018 and industry expects consumption at over 1.7 million tons by 2025.
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Growing demand for natural feed additives in animal nutrition along with increasing usage in various end use industries such as paints & adhesives, construction, petroleum and pulp & manufacturing shall foster market growth. Global construction industry spending amounted over USD 10 trillion which shows huge opportunities for product demand. These products are gaining popularity owing to their antioxidant nature, durability, chemical & corrosion resistance and ability to enhance the quality of concrete. Increasing technological advancements and rapid urbanization has urged manufacturers to produce high quality concrete mixtures to reduce damages caused by rain & moisture and enhance longevity of buildings which is likely to accelerate market size.
Increasing livestock production and growing demand for high quality animal protein has boosted the demand for natural and healthy feed additives. The product plays a significant role in improving the animal diet from an early stage and provides high fiber content to provide energy to fight against infections. Global animal feed market size should surpass USD 335 billion by 2025 which represents ample growth potential. The product is also added to insecticides & pesticides as it reduces microbial attack and controls weed production. Rising trends towards high quality animal protein has enabled farmers to provide superior performance animal feed additives which is likely to drive the market size.
It is naturally found in various plants, but the compound is regarded as a barrier to nutrient digestibility which is likely to restrain market growth. It disturbs the digestion activity and acts as an obstruction to enzymes. This has a crucial impact on the digestion process of animals. Plants containing high concentrations of these compounds such as stems offer less digestibility than those containing lower quantity. However, adequate availability of the material, economic feasibility and its organic properties shall foster the product demand.
|Historical Data for:||2014 to 2018||Forecast Period:||2019 to 2025|
|Pages:||180||Tables, Charts & Figures:||202|
|Geographies covered (21):||U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, Poland, China, India, Japan, South Korea, Thailand, Malaysia, Australia, Brazil, Argentina, Saudi Arabia, UAE, South Africa|
|Segments covered:||Product, Application and Region|
|Companies covered (15):||Borregaard LignoTech, Rayonier Advanced Materials, Domtar Corporation, Domsjo Fabriker AB (Aditya Birla), Stora Enso Oyj, Burgo Group Spa, Changzhou Shanfeng Chemical Industry Company, The Dallas Group of America, Inc., Liquid Lignin Company, Nippon Paper Industries Co. Ltd., Metsa Group, Fibria Celulose S.A, Ingevity Corporation, Sigma Aldrich, West Fraser|
Lignin Market, By Product
Global lignosulphonates market size is likely to witness gains close to 5.0% up to 2025. These polymers are widely utilized in various commercial applications such as pulp & paper, oil drilling and construction owing to their high availability and cost effectiveness. They are used as additives in buildings & construction industry as they provide high strength to the cement structure. Lignosulphonates are also used in oil industry as reagents to prevent the coagulation of solids and to control the basic parameters of drilling fluids. Increasing awareness towards product usage in oil industry has reduced the dependency on crude oil and has enhanced the use of bio-based raw material which shall boost product demand.
Global Kraft lignin market size shall exceed USD 15 million by 2025 pertaining to their growing usage in fire extinguishers to stabilize the foam, pesticides & fertilizers, binders and carbon fibers. These high purity products offer an environment friendly substitute to conventional petroleum-based products which is the key driving factor of the market. The product is a form of natural glue which makes it useful as an additive in adhesives and concrete. Rising oil prices and increasing government initiatives to reduce emissions has shifted consumer preference towards biobased products which is likely to drive the market growth.
Lignin Market, By Application
Global lignin market demand from aromatic applications is likely to surpass USD 535 million by 2025. Increasing demand for aromatic derivatives such as rubber and nylon from several end use industries including construction & automotive should promote product demand in the industry. Growing shortage of petroleum resources has boosted the efficient production of high volume aromatics such as phenol & phenol derivatives which serve as antioxidants and drilling oil additives. Increasing focus on naturally derived raw materials and increasing concerns towards reducing GHG emission is likely to stimulate the market growth.
Lignin market size from macromolecule applications may witness gains at over 4.5% up to 2025 on account for growing demand for high quality carbon fibers. Carbon fibers significantly reduce the manufacturing cost and offer light weight, high stiffness, corrosion & heat resistance and are cost efficient which makes them suitable for marine, automotive, energy storage and oil & gas applications. Rising focus on environmental sustainability and huge demand from aviation, construction and transportation industry shall further propel the market growth.
Lignin Market, By Downstream Potential
Lignin market demand from vanillin application is likely to surpass USD 15 billion by 2025 owing to its increasing industrial usage. The compound is used as key intermediate for the synthesis of bio-based polymers and is widely used in animal feed, food & beverages and pharmaceutical applications. Vanillin is also served in animal feed to enhance the flavour. Increasing demand from end use industries along with growing trend of usage of organic products should promote product demand.
Lignin market size from carbon fiber application surpassed USD 2.5 billion in 2018 and should rise further owing to its high mechanical strength and light weight which makes it ideal for the manufacture of aircraft and automotive body parts. They provide higher performance as compared to glass fibers owing to their lower density. Growth in aerospace & automotive industry and stringent regulations for the use of eco-friendly products is expected to drive market growth.
Lignin Market, By Region
North America, driven by Canada, Mexico and U.S. product demand should surpass USD 330 million by 2025 owing to the huge demand for dust controllers in the region. Dust particles contain plant pollen, dust from road construction, burnt particles and other materials which not only cause air pollution but also result in serious respiratory illness among animals and humans. Lignosulphonates are used as an effective treatment as they are naturally sticky and trap the dust particles. Growing awareness regarding hazards from dust particles and their impact on individual health should induce the regional growth.
Europe product demand driven by Germany, UK, France, Italy and Spain may record gains over 4.0% during the forecasted time period owing to the growing demand for dispersants, thickeners from adhesives and paints & coatings industry in the region. Lignosulfonate prohibit clumping and settling of undissolved particles in suspensions and act as a natural alternative to synthetic chemicals used in paints & coating applications. Growing demand for non-toxic dispersants for emulsion from petroleum and detergent applications is likely to drive regional growth.
Asia Pacific driven by China, India and Japan product demand may register gains at over 6.0% by 2025 pertaining to the increasing infrastructure development and growing demand for high quality concrete admixtures in the region. Rapid urbanization along with availability of raw materials and cheap labour has led to significant growth in buildings construction which is the major driving factor of the market. Growing population and increasing government initiatives to support quality infrastructure development shall boost the product demand in the region.
Lignin Market Competitive Market Share
The market share is moderately consolidated with several market participants such as Burgo Group Spa, Domtar Corporation, Ingevity and Borregaard LignoTech. Key manufacturers are focused on enhancing their partnerships and collaborations and are expanding their new product line to enhance their portfolio and attract new customers.
Lignin Market Industry Background
This substance forms a complex organic polymer which forms an essential part in the support tissues of algae and plants. It is naturally sticky which helps in binding cells, fibers and vessels and constitutes wood & lignified elements of plants. Increasing technological advancements and growing focus on R&D facilities to enhance manufacturing should drive the market growth.
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