Lignin Market Size By Product (Kraft Lignin, Lignosulphonates, Low Purity Lignin), By Application (Aromatics, macromolecules), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, Poland, China, India, Japan, South Korea, Thailand, Malaysia, Australia, Brazil, Argentina, Saudi Arabia, UAE, South Africa), Lignin Downstream Potential (Vanillin, Carbon Fiber, Phenol, BTX), Price Trends, Competitive Market Share & Forecast, 2019 - 2025
Lignin Market may exceed USD 1 billion by 2025; according to a new research report.
Growing demand for high performance additives for use in adhesives, binders and concrete mixtures is expected to fuel the lignin market growth. Rising trend towards the use of sustainable materials to reduce carbon emissions shows huge opportunities for the product demand. These products are extensively used in the manufacture of aromatic and macromolecules which are served in various end use applications such as dust control and animal nutrition. Stringent regulations towards increasing carbon footprint has urged manufacturers to develop naturally derived raw materials which shall further accelerate the market.
Lignosulphonate market shall record gains over at 5% during the projected time period owing to its increasing applications in pesticides, dyes, dust management and concrete admixture industry. These products offer high economic feasibility, enhance the strength & durability of concrete and reduce overall formulation cost which are the key attributes for product demand. Increasing use of the product in road dust management and crop protection applications pertaining to their superior wetting & binding performance shall escalate the market growth.
North America lignin market is likely to witness gains at over 4% by 2025. Rising inclination towards the development of green building projects should propel industry growth in the region. Robust growth in population has boosted the demand for new infrastructural setups which has increased the demand for concrete admixtures demand in the region. Increasing building renovation and remodeling trends owing to changing living standards may induce the regional growth.
Europe lignin market should surpass USD 360 million during the projected time period on account of growing regulations towards GHG emissions. Increasing concerns towards the use of synthetically derived chemicals in automotive has enabled the development of innovative and environmentally friendly solutions for the industry which shows significant opportunities for product demand. Favorable policies to promote the use of bio-polymers is expected to stimulate the product demand.
Major industry participants for lignin market include Burgo Group Spa, Sigma Aldrich, Ingevity, Domtar Corporation and Borregaard LignoTech. Manufacturers are involved in expanding their production capacity to fulfil increasing consumer demand and research & development activities to offer improved product portfolio which shall drive the market.
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