Lignin Market is Forecasted to Reach US$ 810 Million in 2026, Says Stratview Research

The global lignin market is projected to witness a growth rate of 3.1% annually from 2021 to 2026, with an anticipated size of US$ 810 million by 2026, according to an analysis by Stratview Research.

Stratview Research, a global market research firm, has launched a report on the global lignin market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
https://stratviewresearch.com/Request-Sample/1510/lignin-and-lignin-based-products-market.html#form

Market Statistics:
Market Size in 2020: US$ 676 million
Market Size in 2026: US$ 810 million
Growth (CAGR): 3.1% during 2021-2026
Leading End-Use Industry Type: Construction
Leading Product Type: Lignosulfonate
Leading Region: Europe
Forecast Period: 2021-2026
Trend Period: 2015-2019
Base Year: 2020
Number of Segments Covered: 3
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Lignin Market:
The global lignin market is segmented based on product type, end-use industry type, and region.

Based on product type - The market is segmented into Lignosulfonate, Kraft Lignin, and Others. Lignosulfonate is expected to remain the dominant product type in the market during the forecast period. This is primarily due to a wide range of industrial applications for lignosulfonates, such as concrete admixture, dust suppressant and control, animal feed binders, crop protection, and fertilizer production.

Based on end-use industry type - The market is segmented as Construction, Agriculture, Animal Feed, and Others. Construction is expected to remain the largest segment of the market revenue share during the forecast period, owing to continuous growth in construction activities across the globe. In addition to that, the increasing demand for lignin in concrete additives is further expected to boost the market growth during the study period.

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Europe was the largest market for consumption with a revenue share of more than 35% over the estimated period. This growth outlook is majorly attributed to the following-
· The presence of a large number of lignin producers, such as Domsjo Fabriker, Stora Enso, and Borregaard, in Europe is one of the major factors behind the dominance of the region
· Asia-Pacific and North America are also likely to create sizeable opportunities in the coming five years, driven by an expected rebound in the construction industry and a strong expected economic rebound shortly.

Lignin Market Drivers:

Some of the key drivers listed in the report are given below.
• Increased use of oil-based alternatives driven by low oil prices and reduced construction activities further resulted in the decline of lignin demand in the construction industry.
• Global market growth is expected to grow owing to the rapidly increasing investments in the upgradation of low-cost coal-based carbon fibers.
• Rising demand for lignin in animal feed and natural products is expected to drive growth.
• Increasing investments in infrastructure development are expected to fuel market growth, thanks to the rising demand for concrete admixtures adhesives, and binders.

Top Companies in the Lignin Market:

Stratview Research has identified the following companies as the top market players:
• Domtar Corporation
• Domsjo Fabriker (Part of Aditya Birla Group)
• Ingevity
• Sappi Limited
• Stora Enso
• The Borregaard Group

What Unique Insights Does This Report Offer?
This report provides comprehensive insights into the market, answering critical questions like
- How big is the sales opportunity?
- Which regions offer the best sales opportunities?
- Which are the most attractive market segments?
- Which are the top players and their market positioning?
- How complex is the business environment?
- What are the factors affecting the market?
For Customization or Any Other Queries, get in Touch with our industry experts at sales@stratviewresearch.com

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

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