DecisionDatabases.com adds a new research study on “Global Lignin Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2021”. The global lignin market is foreseen to grow at a CAGR of 2.5% with Asia Pacific to show the highest growth of 3.4% from 2015-2021.
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The global lignin market report is segmented on the basis of its products and application. The report segments lignin products in lignosulphonate (lignosulfonate), kraft lignin and others (including organosolv lignin, etc.). By applications the lignin market is segmented as concrete additives, animal feed, dyestuff and others (including cosmetics, absorbents, etc.). The largest share of lignin is consumed in concrete additives. The geographic segmentation of lignin market covers North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America and Europe together consume more than 65% of the lignin market.
Distinguished on the bases of purity, the major types of lignin are lignosulphonate (lignosulfonate), kraft lignin and organosolv lignin. Except organosolv lignin, all the other types are being extensively researched and commercially used across various industries. Research is being carried to commercialize lignin as a renewable substitute to conventional energy sources. Organosolv lignin is on the verge of getting commercialized for applications in paints, inks and varnishes. Global lignin market was close to USD 775.5 million in the year 2014 and is forecasted to cross USD 915.5 million by end of 2021.
Emergence of variant lignin applications in fertilizers and pesticides, thermoplastic polymers, binders and resins, carbon fiber, etc. is anticipated to expand the global lignin market. High value added applications of lignin are grouped in as energy, macromolecules and aromatics. Macromolecules account the major application share among others. Potential applications of lignin that are strongly being researched are vanillin, cement additives, activated carbon, phenol derivatives, carbon fibers and bio-fuel, etc.
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LignoBoost™ developed by Innventia to extract high quality lignin from kraft pulp has been proving a market changer in this field. It is a cost effective process and enhances the scope for further utilization of lignin which was earlier a bio refinery waste. Today this technology is being commercially used by Domtar, USA and Stora Enso, Finland. In addition, research team from Purdue University’s Center for Direct Catalytic Conversion of Biomass to Biofuels, or C3Bio has developed a process to turn lignin (biomass waste) into fuel. This process utilizes chemical catalyst and heat to convert lignin into chemical commodities such as fragrance, flavoring and high-octane jet fuels. MeadWestvaco has merged with a packaging giant and formed WestRock Company. This gives WestRock a different platform to utilize its lignin products in packaging segment.
Market players are involved in business strategies such as mergers and acquisitions, joint ventures, etc. to expand their market approach and business in upstream and downstream. Rayonier and Borregaard ASA have ventured, intended to develop a production line for lignin based concrete admixtures. This production line is deliberated to have capacity of 150,000 metric ton for lignin.
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OTHER RELATED REPORTS:
Global Kraft Lignin Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2021:
http://www.decisiondatabases.com/ip/99-kraft-lignin-market-report
SEGMENTATIONS IN REPORT:
Lignin By Products:
- Lignosulphonate (Lignosulfonate)
- Kraft Lignin
- Other Lignins (Including Organosolv Lignin, etc.)
Lignin By Applications:
- Concrete Additives
- Animal Feed
- Dyestuff
- Others (Including Cosmetics, Absorbents, etc.)
Kraft Lignin By Geography:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East And Africa
Company Profiles In The Report:
- ALM India
- Borregaard LignoTech
- Changzhou Shanfeng Chemical Industry Co Ltd.
- CIMV (Compagnie Industrielle De La Matiere Vegetale)
- Domsjo Fabriker AB
- Domtar Corporation
- Hubei Zhengdong Chemical Co., Ltd.
- Lignol Energy Corporation (Acquired by Fibria Celulose S.A.)
- MeadWestvaco Corporation (Now WestRock Company)
- Tembec Incorporation
CUSTOMIZATION OF REPORT:
- Lignin By Products:
- Others Lignins (Including Organosolv, etc.)
- Organosolv Lignin
- Lignin By Applications:
- Others (Including Cosmetics, Absorbents, etc.)
- Fertilizers and pesticides
- Thermoplastic polymers
- Binders and resins
- Inks, varnishes and paints
- Others
- Others (Including Cosmetics, Absorbents, etc.)
- Organosolv Lignin
- Lignin By Geography:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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