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Lignin Market Revenue, Industry Analysis (2019-2024) | Leading Players Borregaard LignoTech, Burgo Group, Domsjo Fabriker AB, Domta, Ingevity, Nippon Paper Industries USA

Lignin Market

Lignin Market

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.

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Favorable regulations by FDA and European Commission pertaining to the usage of lignosulfonates in animal feed will also promulgate lignin market growth. Shift in feed manufacturers concern towards the health of livestock has paved the way for animal industry where meat quality is of utmost significance, thereby enhancing product demand.

North America, with steady growth in the U.S. lignin market size should surpass 560 kilo tons during the forecast period. Shifting inclination towards energy efficient building projects along with rising construction spending has resulted into increased product demand in the region. The product is widely used as bio-fuel and supporting guidelines related to the product will further surge industry growth.

Lignin Market, By Product
• Low-purity
• Lignosulfonates
• Kraft lignin
• Others

Lignin Market, By Application
• Macromolecules
• Aromatics

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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.

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.

Key Industry Participants:

1. Borregaard LignoTech
2. Burgo Group
3. Domsjo Fabriker AB
4. Domta
5. Ingevity
6. Nippon Paper Industries USA

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/lignin-market

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.

Key manufacturers in this industry space include Rayonier Advanced Materials, Domtar Corporation, Borregaard LignoTech, Nippon Paper Industries, Ingevity Corporation, Metsa Group, and Burgo Group. Industry players are focusing on R&D to develop and expand product range to cut down the product cost and making strategies such as mergers and acquisitions to strengthen regional presence and size up production capacities.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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Email: sales@gminsights.com
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