What’s driving the Lignin Market growth? Borregaard LignoTech, Burgo Group, Domsjo Fabriker AB, Domta, Ingevity, Nippon Paper Industries USA

Lignin Market growth is accelerated by rising air pollution levels in cities and industrial areas along with need for dust control. 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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Key Profiles:
• Borregaard LignoTech
• Burgo Group
• Domsjo Fabriker AB
• Domta
• Ingevity
• Nippon Paper Industries USA

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.

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.

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Wood is the prominent raw material used in the lignin production process. Processing cost along with technological advancement in production processes will hinder lignin market price trend. Complex 3-D heterogeneous chain structure of the product has resulted in low yield of end-use products, which has led to the usage of costly technologies, impacting the overall industry profitability.

France lignin market size will witness steady growth close to 4% during the foreseeable timeframe. Favorable norms by EU Commission pertaining to product usage in animal feed along with improving biotechnological extraction method, and growing demand for biochemical feedstocks may enhance production capabilities in the region.

Lignosulfonates market size will exceed USD 95 million by 2024 as it finds application in carbon black, dyes and pesticides. These products can decrease the viscosity of slurry by minimizing the amount of water used in the production of cement, thus driving lignin market demand in construction industries.

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China lignin market size is likely to register growth close to 6% during the projected timespan. Growing trends towards the development of bio-based materials along with increasing pulp & paper manufacturing industry in China will accelerate product demand in the region.

Carbon fiber is used in various applications such as aircraft, pressure vessels, satellites, sports equipment and wind turbine components. High cost of carbon fiber due to expensive polyacrylonitrile (PAN) polymer precursor, has led to an urgency to replace it with lignin, thus enhancing product demand.

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