The increasing dust controllers demand growth in Lignin Products used as a dispersant, growing demand for excellent quality concrete admixtures, and a rise in animal feed demand are driving the need for the market.
Lignin Products Market Size – USD 955.3 Million in 2019, Growth - CAGR of 1.9%, Trends – Rising demand from developing nations.
The global Lignin Products market is forecast to reach USD 1.10 Billion by 2027, according to a new report by Reports and Data. Increasing demand for natural feed additives in animal nutrition along with expanded usage in various end-use industries such as paints & adhesives, construction, refining, and pulp & packaging would promote growth in the industry. Lignin Products has gained attention due to the possible uses of vanillin, carbon fibers, phenol, and BTX. Due to its biological provenance, insecticides, pesticides, emulsifiers, and heavy metal sequestrate, it has been accepted for use in production. The growing use of Lignin Products, as a primary constituent of cement and concrete additives, is also projected to play a critical role in market evolution to boost their quality and operational life. Rising technical developments and accelerated urbanization have prompted producers to develop high-quality concrete mixtures to mitigate rain & moisture loss and improve building durability that is expected to increase the market growth.
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Top Companies: Borregaard LignoTech, Rayonier Advanced Materials, Domtar Corporation, Asia Lignin Products Manufacturing Pvt. Ltd., Northway Lignin Products Chemical, Green Value, Aditya Birla Group, Liquid Lignin Products Company LLC, Nippon Paper Industries Co., Ltd., and The Dallas Group of America, Inc. among others.
Further Key Finding from the Report Suggestion:
- The growth in the use of carbon fibers as lighter materials in the automotive and construction industries is expected to raise the significance of macromolecules. The macromolecules segment represented a market share of 19.6% in terms of revenues in 2019 and is expected to grow at a CAGR of 1.7%.
- Because of its highly developed distribution channel industries, advanced processing capabilities, combined with a highly skilled workforce and growing R&D initiatives, the U.S. is among the leading countries in the market. Developing applications and strong demand encourage producers to concentrate on new technologies to expand the market.
- The Asia Pacific driven by China, India, and Japan's production may record improvements in revenue with a CAGR of 2.1% by 2027 related to the growing infrastructure and increasing demands for high-quality concrete mix in the region. Rapid urbanization along with raw material availability and cheap labor has led to considerable expansion in the construction of buildings, which is the main driving factor
- Manufacturers make the distinction of their products based on quality and price, taking into account characteristics such as quality and level of purity. The players are focusing on developing multifunctional applications.
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
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The global Lignin Products market is segmented into:
Product Outlook (Revenue, USD Million; 2017-2027)
- Kraft Lignin Products
- Organosolv Lignin Products
Source Outlook (Revenue, USD Million; 2017-2027)
- Kraft Pulping
- Cellulosic Ethanol
- Sulfite Pulping
Application Outlook (Revenue, USD Million; 2017-2027)
- Dye Stuff
- Concrete Additives
- Animal Feed
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market?
- What kind of strategic business plans have they made?
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