Global Lignin Products Market 2017-2021
About Lignin Products
Lignin is a natural and renewable raw material. It is available at an affordable price and used in various applications, such as fine chemicals, carbon fibers, phenolic, activated carbon, phenol, benzene toluene xylene (BTX), biofuel, refinery, bitumen or asphalt, cement additives energy, and several others. Lignin is a raw material used for value-added product development. It is an essential part of the board and paper manufacturing industries.
Technavio’s analysts forecast the global lignin products market to grow at a CAGR of 4.43% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global lignin products market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Lignin Products Market 2017-2021
Technavio recognizes the following companies as the key players in the global lignin products market: Borregaard LignoTech, Changzhou Shanfeng Chemical Industry, Domtar, GreenValue, and Rayonier Advanced Materials
Other Prominent Vendors in the market are: Aditya Birla Management Corporation, Asian Lignin Manufacturing, Dallas Group of America, Fibria, Jiangmen Sugarcane Chemical Factory, Liquid Lignin, and NIPPON PAPER INDUSTRIES.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing application of lignin in newer applications. Application of lignins began in the 1880s, and lignin sulfonates were used in dye baths and leather tanning. Thereafter, lignins have found various applications, such as in emulsifiers, animal feed, food products, and as raw material in the manufacture of vanillin, which is used as an ingredient in food flavors, pharmaceuticals, and as a fragrance in odor-masking and perfume products.”
According to the report, one of the major drivers for this market is Rising demand for lignin in dust control. Lignin is a naturally occurring polymer that is found in wood. Lignins are increasingly used on roads for surface stabilization and as a method for dust control. The lignin road products are extracted from lignin, which binds cellulose fibers together to provide structure to the trees and plants. Lignosulfonates are used as a dust suppressant, for which the roads are re-crowned with a grader. These are used on unpaved roads to lessen environmental concerns from airborne dust particles and to stabilize the road surface.
Further, the report states that one of the major factors hindering the growth of this market is Increase in manufacturing costs. The increase in the cost of raw materials, particularly Kraft lignin and lignosulfonates, which are increasingly used in the production of corrugated boxes, is one of the major challenges for the global lignin products market. Kraft paper accounts for approximately 75% of the total input cost for the manufacture of corrugated boxes.
Borregaard LignoTech, Changzhou Shanfeng Chemical Industry, Domtar, GreenValue, Rayonier Advanced Materials, Aditya Birla Management Corporation, Asian Lignin Manufacturing, Dallas Group of America, Fibria, Jiangmen Sugarcane Chemical Factory, Liquid Lignin, and NIPPON PAPER INDUSTRIES.