Global Lignin Market(by Product (Lignosulphonates, Kraft Lignin, Low Purity Lignin) –by Application (Macromolecules, Aromatics) –by Geography (North America, Europe, Asia Pacific, Middle East & Africa and Latin America)) – is expected to reach US$ $5 Bn by 2026 at a CAGR of 3%.
Increasing product usage in adhesives, binders and concrete admixtures is expected to drive lignin market size. Increasing demand for dust control systems driven by the rise in air pollution may accelerate industry growth. It is used as an additive in concrete due to water reduction property is likely to drive product demand.
Global Lignin market is used as concrete admixtures and can yield high performance concrete strength & grinding and minimizes the damage to external wall due to bad climatic conditions and acid rain. Asia Pacific infrastructure accounted for over 40% in 2016 and is expected to rise to over 45% by 2024. Increasing investments from private and government sector to develop public infrastructure such as roads, railways and transportation modes is likely to boost construction spending thereby promoting product demand.
Dust from road construction and dust particles kicked up by moving vehicles make up to 33% of air pollution. Road dust may be suppressed using water sprayers, lignin products or sweeping vehicles, thereby driving the industry growth. Stringent government regulations and policies towards the usage of eco-friendly and bio-based products would promulgate the product demand. Rising environmental concerns regarding the use of synthetic products including low degradability, low toxicity is expected to be key factors to drive Global Lignin market
Key raw material, wood is used for lignin production. The production of timber has witnessed a significant increase over past few years leading to a plenty in raw materials. However, the market growth is challenged by regulations like Lacey Act 2008, which restricted against the import and sale of wood products. Moreover, the industry growth is likely to be vulnerable by increasing awareness regarding the negative impact of the production of lignin on environment.
Low purity lignin is expected to hold the largest market share during 2017-2026
Low purity lignin has superior characteristics including low molecular weight, sulphur free and has a narrow molecular weight distribution, which will propel the industry growth. It is cost efficient and used in bio refinery, thus driving industry growth.
Macromolecules to hold a major share of the Global Lignin market during 2017–2026
Macromolecules are used in manufacturing of carbon fiber which are widely used in automotive and construction industries owing to their light weight. It is used in manufacturing various body parts of aircraft which consist of 50% of composites, thereby stimulating product demand.
Europe held the largest share of the Global Lignin market in 2017
Europe driven by the UK, France, Russia, Poland, Italy and Germany market size owing to increasing dyeing industry. They are used as colorants in different industrial applications such as food processing, printing inks, wood stain and textile processing. High consumer awareness and demand for bio-based products in this region would propel the regional demand of the product. Strict regulation implemented by REACH regarding the restriction of transportation of synthetically driven chemicals may stimulate industry demand in the region. Rising demand for dust collectors in the region to reduce air pollution during construction projects may have a positive influence in the overall industry growth during the forecast timeframe.
Global Lignin market report includes a study of marketing and development strategies, along with the product portfolios of leading companies. Global Lignin market report includes the profiles of leading manufacturers such as Borregaard LignoTech, Burgo Group Spa, Domsjo Fabriker AB, Domtar Corporation, Ingevity, Liquid Lignin Company and Nippon Paper Industries. Manufacturing companies are focusing in expanding business across regions and developing strategies to size up production capability and strengthen global presence. Companies are also forming partnerships and acquire with local & regional companies to open new market opportunities, and further accelerate industry demand.
Maximize Market Research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the current Lignin market outlook. Report encompasses the Lignin market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Lignin market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Lignin market positioning of competitors.
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