Press release
Kraft Lignin Market to Cross US$ 81.4 Million by 2021
Kraft Lignin Market
The global Kraft lignin market is envisioned to grow at a CAGR of 3% with Asia – Pacific to show a highest growth rate of 3.5% from 2015-2021.
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Lignin residing in the cell wall of plants is the only aromatic functionality biomass available in abundance. Lignin is largely a by-product in the paper and pulp industries. The three types of lignin – Lignosulphonate, Kraft Lignin and Organosolv- lignin are being researched and used across many industries. Global kraft lignin market was close to USD 66.4 million in the year 2014 and is forecasted to cross USD 81.4 million by end of 2021.
Lignin and its derivatives are gaining popularity due its sustainable origin. Commercialization of Lignoboost system by Valmet, its first successful commercial installation by Domtar has resulted in the launch of BioChoice™ which finds it use as precursor of many specialty chemicals. Recently the second plant has also been installed at Stora Enso”sSunila mill which will reduce the company’s carbon footprint along with other benefits. Lignoboost when installed with Kraft – based pulp extraction mill increases its production, reduces costs and gives extra revenue. Increased application of kraft lignin in dyes, pesticides, thermoplastic polymers, binders, resins and carbon fiber is driving this market.
The report on kraft lignin segments the market on the basis of its application in fertilizers and pesticides, thermoplastic polymers, binders and resins, and others (carbon fiber, etc.). The largest share of kraft lignin is consumed in fertilizers and pesticides. The regional segmentation of kraft lignin market covers North America, Europe, Asia –Pacific, Latin America and MEA. Among these North America and Europe together captures the 50% of the Kraft lignin market.
View the detailed report at: http://www.marketresearchengine.com/reportdetails/global-kraft-lignin-market-research-report
Segmentations in this report:
Kraft Lignin by Applications:
1. Fertilizers and Pesticides
2. Thermoplastic Polymers
3. Binders and Resins
4. Others (Including Carbon Fiber, etc.)
Kraft Lignin by Geography:
• North America
• Europe
• Asia Pacific
• Latin America
• MEA
Company Profiles
• MeadWestvacoCorporation
• Domtar Corporation
• Weyerhaeuser
• Stora Enso
• Alberta pacific forest industries Inc.
• Innventia AB
Customization of Report
• Kraft Lignin by Products:
o Softwood Kraft Lignin
o Hardwood Kraft Lignin
• MarketResearchEngine.com also provides client’s business specific and client’s requirement specific research reports.
• Clients can also buy company profiles without buying the full report.
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