Lignin Market 2021: Development, Uses, Structure with Key Players Analysis Such as Borregaard LignoTech, Domtar Corp, Metsa Group, Ingevity and Others

Lignin is a type of complex organic polymer that is found in the support tissues of most plants and serves as a structural substance. Because they offer stiffness and do not rot easily, lignin is particularly crucial in the construction of cell walls, notably in wood and bark. Lignin is a polymer formed by cross-linking phenolic precursors in a chemical reaction. In the production of paper, lignin is removed from wood pulp using agents such as sulphur dioxide, sodium sulphide, or sodium hydroxide. Lignin is used in a variety of industrial applications, including as a binder for particleboard and other laminated or composite wood products, as a soil conditioner, as a filler or active ingredient in phenolic resins, and as a linoleum adhesive.

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Increasing utilization of lignin in animal feed and natural goods is expected to propel the growth of lignin industry forward. The product is widely employed in the development of macromolecules that are used in the manufacturing of bitumen, biofuels, and bio-refinery catalysts. This aspect is anticipated to aid market expansion. Growing demand for concrete admixtures, adhesives, and binders, as well as increased infrastructure spending is expected to fuel the market growth over the forecast period. Moreover, factors such as rising construction spending and increased demand for vehicles, electronics, and equipment manufacture are likely to drive lignin demand at a macro level.

"Global Lignin Market Analysis to 2028" is a specialized and in-depth study of the chemicals & materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the lignin market with detailed market segmentation based on category and application. The global lignin market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading lignin market players and offers key trends and opportunities in the market.

SEGMENTATION:

The global lignin market is segmented into category and application. By category, the lignin market is classified into sulphur bearing lignin and sulphur-free lignin. The sulphur bearing lignin is further classified into Kraft lignin, sulphite lignin, and others. By application, the lignin market is classified into plastic, binder, carbon fibers, motor fuel, others.

REGIONAL FRAMEWORK:

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global lignin market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The lignin market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the lignin market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the lignin in these regions.

MARKET PLAYERS:

1. Borregaard LignoTech
2. Domtar Corporation
3. Rayonier Advanced Materials
4. Liquid Lignin Company LLC
5. Nippon Paper Industries Co., Ltd.
6. Metsa Group
7. Ingevity
8. Fibria Cellulose
9. The Dallas Group of America
10. Chengzhou Shanfeng Chemical Industry Corporation

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