Global Lignin Market size to exceed $1bn by 2025

Lignin Market size is set to surpass USD 1 billion by 2025; according to a new research report by Global Market Insights, Inc.
 

Growing product adoption in adhesives and binders owing to its naturally sticky nature has increased its usage in paints & coatings, construction and packaging industry which is likely to drive market growth. Rising concerns towards the use of toxic chemical additives has urged manufacturers to develop high quality organic additives which shall foster product demand.

 

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Lignosulphonates, low purity and Kraft products are extensively served in automotive, agrochemical, construction and oil & gas industries as they prohibit the attack of insects & pests, provide high mechanical performance and offer a bio-based solution to petroleum products. Growing importance of biofuels owing to high diminishing rate of conventional petroleum resources and increasing research & development facilities in commercial production should drive product demand.
 

Lignin Market

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Lignosulphonates, low purity and Kraft products are extensively served in automotive, agrochemical, construction and oil & gas industries as they prohibit the attack of insects & pests, provide high mechanical performance and offer a bio-based solution to petroleum products. Growing importance of biofuels owing to high diminishing rate of conventional petroleum resources and increasing research & development facilities in commercial production should drive product demand.
 

Low purity lignin market demand should observe substantial gains at over 4.5% by 2025. It is extensively used as an intermediate in various industries including petroleum refineries. These products offer exceptional low weight, are an alternative to toxic chemical pretreatments and significantly reduce the manufacturing cost which is the key driving factor of the market. Growing technological advancements have shifted consumer focus on the usage of biomass energy which has increased the product demand in biorefineries, thereby driving product demand.
 

The market demand from phenol applications should register over 3.5% gains by 2025. The product is witnessing growing usage for phenol production pertaining to its ability to derive phenolic compounds which are widely utilized in various applications such as herbicides, pharmaceuticals and cosmetics. Growing demand for phenol and its derivatives from commercial and industrial scale along with its increasing usage as additives in adhesives and fuel shall propel product demand.
 

Browse key industry insights spread across 180 pages with 163 market data tables and 42 figures & charts from the report, “Lignin Market Size By Product (Lignosulphonates, Kraft Lignin, Low Purity Lignin), By Application (Macromolecules, Aromatics), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, France, Italy, UK, Poland, Russia, China, India, Japan, South Korea, Thailand, Australia, Malaysia, Brazil, Argentina, South Africa, UAE, Saudi Arabia), Lignin Downstream Potential (Carbon Fiber, Vanillin, Phenol, BTX), Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/lignin-market
 

U.S lignin market demand from ligno-sulphonates may witness substantial gains at over 4.5% during the forecast timespan owing to increasing consumer focus towards bio-based materials in the region. These products are widely utilized as catalysts in various chemical industries as they offer an environment friendly & sustainable solution towards increasing fuel and chemical demands. Increasing consumer awareness towards toxic chemicals along with growing government support for eco-friendly fuels should propel product demand.
 

Germany lignin market size from Kraft products is expected to surpass USD 1.10 million up to 2025 owing to the increasing consumer inclination towards light weight, high performance automotive in the region. Carbon fiber products are used as additives in thermoplastics to reduce the weight of automotive component, manage mechanical loads and helps in reducing VOC emissions. Increasing government regulations towards toxic emissions along with growing demand for high performance vehicles is likely to drive market growth.
 

Indian market demand from low-purity products is expected to register over 6.5% gains by the end of forecast period owing to the huge growth in construction industry in the region. Rapid growth in population has boosted the demand for new infrastructural setups which in turn has boosted the product demand. Increasing housing projects and growing government expenditure on buildings & construction is likely to boost domestic market growth.  
 

Domtar Corporation, Rayonier Advanced Materials, Nippon Paper Industries, Borregaard LignoTech, Ingevity Corporation and Burgo Group are key market participants. Companies are focused on expanding their business by strategic partnerships with focus on R&D to improve the product portfolio.
 

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Lignin market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in Tons and revenue in USD from 2014 to 2025, for the following segments:

Lignin Market, By Product

  • Lignosulphonates
  • Kraft Lignin
  • Low-purity Lignin

Lignin Market, By Application

  • Macromolecules
  • Aromatic

Lignin Market, By Downstream Potential

  • Vanillin
  • Carbon Fiber
  • Phenol
  • BTX

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Malaysia
    • Thailand
  • LATAM
    • Brazil
    • Argentina
  • MEA
    • UAE
    • Saudi Arabia
    • South Africa

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