Lignin Market Trend to 2024 Worldwide Industry Analysis - Borregaard LignoTech, Rayoneir, Domtar Corp, Stora Enso and Burgo Group

Market Study Report adds global Lignin market report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, companies active in the industry and forecasts for the coming years.

Lignin market should surpass USD 1.5 Billion by 2024; according to a new research report. Rising air pollution levels in cities and industrial areas along with need for dust control should accelerate industry growth. Increasing usage of lignin in binders, adhesives and concrete admixtures is expected to drive product demand. They are essentially used as an additive, dispersant and binder opening up new avenues in diverse and niche market. Growing demand for dispersants due to increasing number of automotive and concrete industries primarily in Europe and North America should boost product demand. Growing investment by government authorities to develop roads, highways and railways due to rise in construction spending should promote product demand.

Lignin market from aromatic applications should witness gains at over 5% by 2024 owing to its increasing application outlook in industries as surfactant, adhesives, phenolic resins and epoxy resins. They are used to manufacture phenol-based compounds called phenol derivatives and being a natural antioxidant is used in cosmetics for tropical formulation.

Downstream application for lignin is classified into carbon fiber, vanillin, phenol and BTX. Carbon fiber is used in high mechanical performance and low weight polymeric applications. It is used in sports equipment, aircraft satellites, pressure vessels and turbine components. It is also used to reinforce cement in high earthquake risk regions.

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Global lignin market share is moderately fragmented with key industry player like Borregaard LignoTech, Rayoneir, Domtar Corp, Stora Enso and Burgo Group. Companies strategize to expand production capacity and regional presence adopting mergers & acquisition, partnerships and joint ventures. The company also invest in R&D to improve product portfolio and application outlook for products.

Stringent regulatory regimes in North America and Europe pertaining to use of bio based and eco-friendly products should promulgate industry growth. Growing environmental concerns regarding use of synthetic products which are non-biodegradable, highly toxic in construction and dust control applications should bolster industry growth.

Raw material to extract lignin are woods, though production of timber has been increasing in the recent years but with growing environmental concern government has curbed use, export, import and sales of timber-based products which may hamper industry growth.  Technological advancements with increasing R&D spending by manufacturing companies should drive industry growth.

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North America lignin market led by the U.S., Canada and Mexico should witness gains at over 4.5% during projected period. This growth of regional demand can be attributed to increasing consumer inclination towards green building projects. Rapid urbanization along with increasing investments in infrastructure by government should drive concrete admixture demand in the region which should parallelly stimulate lignin market.

Kraft lignin market should witness maximum growth during projected period at over 6.5%. This growth in demand can be ascribed to rising building renovation and remodeling trends due to rising living standards may boost products demand. Rising application outlook for kraft lignin in active food packaging owing to its bio degradability and stringent regulatory regimes banning use of polymeric products for packaging. It is also used in foam fire extinguishers as steading agent

Lignosulfonates market is anticipated to surpass USD 100 million by 2024. Increasing application scopes of the product in dyes, disperse pesticides, carbon black and other insoluble liquids and solids should propel product demand. It helps decrease viscosity of slurry by reducing amount of water used in the production of cement. Growth in global production of paper and pulp industry will drive lignin market.

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Table of content:

Chapter 3    Lignin Industry Insights

 3.1    Industry segmentation

 3.2    Industry landscape, 2013-2024

 3.3    Industry ecosystem analysis

 3.3.1    Vendor matrix

 3.3.2    Distribution channel analysis

 3.3.2.1    Distributors

 3.3.2.2    Technology providers

 3.4    Raw material analysis

 3.5    Innovation & sustainability

 3.5.1    Current R&D in progress

 3.5.2    Patent Landscape

 3.6    Regulatory landscape

 3.6.1    U.S.

 3.6.2    Europe

 3.7    Modified lignin market end-use market

 3.7.1    Lignin based carbon fiber

 3.7.2    New Lignin-Content Plastics

 3.7.3    Bioengineering to modify lignin structure

 3.7.4    Lignin as binder

 3.7.5    Lignin as a dispersant

 3.7.6    Modified Kraft lignin for bioremediation applications

 3.8    Industry impact forces

 3.8.1    Growth drivers

 3.8.1.1    North America: Increasing dust controllers demand

 3.8.1.2    Europe: Growth in lignin use as dispersant

 3.8.1.3    Asia Pacific: Strong demand for excellent quality concrete admixtures

 3.8.1.4    Asia Pacific: Rise in animal feed demand

 3.8.2    Industry pitfalls & challenges

 3.8.2.1    Technological limitations

 3.8.2.2    Lack of consumer awareness

 3.9    Growth potential analysis, 2016

 3.9.1    Emerging business model

 3.9.1.1    New product launch

 3.9.1.2    Joint Venture

 3.10    Porter's analysis

 3.11    Company market share analysis, 2016

 3.11.1    Strategy dashboard

 3.12    Production cost analysis

 3.12.1    Capital cost estimation

 3.12.2    Operating cost estimation

 3.12.3    Consumables and utilities costs

 3.12.4    Labor costs

 3.13    PESTEL analysis

 3.14    Lignin product specification and application analysis

 3.15    Potential market opportunities for lignin

 3.15.1    Activated carbon

 3.15.2    Carbon fibers

 3.15.3    Phenols

 3.15.4    Other applications

 Chapter 4    Lignin Market, By Product

 4.1    Key product trends

 4.2    Low-purity

 4.2.1    Market estimates & forecast, 2013 - 2024

 4.2.2    Market estimates & forecast, by region, 2013 - 2024, (Kilo Tons) (USD Million)

 4.3    Lignosulphonates

 4.3.1    Market estimates & forecast, 2013 - 2024

 4.3.2    Market estimates & forecast, by region, 2013 - 2024, (Kilo Tons) (USD Million)

 4.4    Kraft lignin

 4.4.1    Market estimates & forecast, 2013 - 2024

 4.4.2    Market estimates & forecast, by region, 2013 - 2024, (Kilo Tons) (USD Million)

 4.5    Other lignin

 4.5.1    Market estimates & forecast, 2013 - 2024

 4.5.2    Market estimates & forecast, by region, 2013 - 2024, (Kilo Tons) (USD Million)

For details about this report: https://www.marketstudyreport.com/reports/lignin-market

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