The global lignin market value is expected to reach around US$ 907.1 million by 2026 and forecasted to grow at a CAGR of 2% over the time frame 2019 to 2026.
The report provides analysis of global lignin market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.
The worldwide lignin industry is evolving at a good pace, with a favorable development rate anticipated in the near future. The implementation industry growth and the elevated pace of industrialization and urbanization are projected to promote lignin industry growth in the coming years. Market main players are probable to target emerging countries worldwide as they give prospective development possibilities. Furthermore, the growing amount of partnerships and strategic collaborations is anticipated to boost market growth in the coming years. Furthermore, due to increased air pollution, demand for dust control devices is anticipated to drive sector development over the forecast period. Rising automotive manufacturing in the U.S. and fresh item releases are anticipated to increase demand for lightweight products such as carbon fibers, increasing lignin consumption in the coming years. Because of the increasing amount of plantations, timber manufacturing from forest and agricultural plantations is anticipated to boost, offering pulp wood and prevalent saw timber. This is anticipated to result in abundance of raw material, which is supposed to further boost sector development over the forecast period.
Additionally, steady production-related technological advances are anticipated to push sector further. Sulfur-free lignin gains popularity due to its greater versatility. Factors like annual renewability, price benefits and appropriate accessibility are anticipated to encourage the use of non-sulfated lignin for thermosetting and thermoplastic processes. Growing demand for natural feed additives in livestock nutrition along with increased use in multiple end-use sectors such as paints & adhesives, building, oil and pulp & production will promote development in the industry. Global construction industry expenditure amounted to over USD 10 trillion, showing enormous consumer demand possibilities. These products gain popularity due to their antioxidant nature, durability, chemical & corrosion strength and capacity to improve concrete performance. Increasing technological advances and fast urbanization have encouraged producers to create high-quality concrete mixtures to decrease rain & humidity damage and improve building sustainability, which is probable to increase business size.
Increasing livestock production and increasing demand for high-quality animal protein increased demand for natural and safe feed additives. From an early phase, the item performs a important part in enhancing animal diet and offers high fiber content to provide energy to battle diseases. Also insecticides & pesticides decreases microbial attacks and regulates plant development. High-quality animal protein developments have allowed producers to provide superior animal feed additives that are probable to drive business size.
Naturally, it is discovered in multiple crops, but the compound is considered a barrier to nutrient digestibility that is probable to restrict market growth. It disturbs digestive function and functions as enzyme restriction. This affects the animals ' digestion cycle crucially. Plants with elevated levels of these compounds like roots give less digestibility than plants with reduced quantities. However, appropriate material accessibility, financial feasibility and organic characteristics will promote consumer supply. Growing demand for natural feed additives in pet health along with increased use in multiple end-use sectors such as paints & adhesives, building, oil and pulp & production will promote business development. Global construction industry expenditure amounted to over USD 10 trillion, showing enormous consumer demand possibilities. These products gain popularity due to their antioxidant nature, durability, chemical & corrosion strength and capacity to improve concrete performance. Increasing technological advances and fast urbanization have encouraged producers to create high-quality concrete mixtures to decrease rain & humidity damage and improve building sustainability, which is probable to increase business size.
Ligno-sulphonates was the biggest segment in 2018 and is expected to remain dominant over the following years. Increased concrete output in the U.S., China, and India is anticipated to boost demand for ligno-sulphonates due to improved building industry, thus promoting segment development. Increasing consciousness of crude oil dependency has compelled producers of BTX, phenolic resins, and carbon fibers to use bio-based raw material. This is anticipated to boost lignin supply in the coming years.
Increasing demand for dispersant due to many automotive and concrete sectors in North America is anticipated to increase demand for sulfur-free lignin. Growing building and oil & gas industries in this area are also anticipated to boost demand. Increasing item implementation as a dust suppressor is anticipated to open fresh market growth possibilities. Extensive R&D to substitute non-renewable power sources in emerging nations, including China and India, is anticipated to give new business possibilities over the prediction era.
Growing market for aromatic derivatives, such as nylon and styrene rubber, is anticipated to spur demand for BTX and phenol resins in the automotive and building sectors. As a consequence, lignin is anticipated to be widely used as a raw material for the manufacturing of aromatics over the forecast period. Strict laws on the manufacturing of polymers to reduce greenhouse gas (GHG) pollution, combined with changes in crude oil prices, concern variables for chemical producers. As a consequence, chemical companies focus on decreasing dependence on crude oil or petrochemical as a raw material for polymers. Regulatory inclination to reduce GHG emissions has forced polymer producers to boost spending on natural-derived raw materials. Lignin is anticipated to be used as an intermediate to produce vanillin, phenol, BTX and phenolic resins.
The shifting tendency among U.S. chemical companies to use bio-based raw material for item manufacturing is anticipated to encourage bio-refinery implementation, thereby increasing consumer requirement as a catalyst. Moreover, building refurbishment sector development is anticipated to push the market further. Europe was 2018's biggest national economy. The region is expected to keep its major role over the prediction years due to rigid GHG emission regulations combined with solid bio-polymer production base in Germany, France, the Netherlands and Belgium.
Growing demand for lightweight automotive products and bio-based materials in Europe is also anticipated to have beneficial market impact. In addition, increased use in aromatic apps and comprehensive R&D are anticipated to help regional growth. The presence of a large-scale chemical manufacturing sector in Asia Pacific is anticipated to play a major part in promoting development over the forecast period. Macromolecules were the biggest consumer implementation category due to elevated item consumption in activated carbon, binders, composites, preservatives and polyols.
Global Lignin Market, by Product
Global Lignin Market, by Application
Global Lignin Market, by Geography
The market research study on “Lignin Market Size, Share & Trends Analysis Report by Product, Application, By Region - Global Industry Size, Share, Trends and Forecast 2019 - 2026” offers detailed insights on global lignin market segments with market dynamics and their impact. The report also covers basic technology development policies.
The study provides a extensive industry assessment. This is done through in-depth qualitative observations, historical information and verifiable business size estimates. The predictions in the study were obtained from well-established study methodologies and expectations. This study document acts as an assessment and data resource for every aspect of the industry including, but not restricted to, regional economies, technology, kinds and apps.
Key Players & Strategies
Some vital players in the lignin market include Borregaard LignoTech, Domtar Corporation, Domsjö Tembec, Inc., Fabriker AB, and MeadWestvaco Corporation.
The global chemical tanker shipping market is expected to grow at a CAGR of around 5.7% from 2019 to 2026 and expected to reach the market value of around US$ 250,562.6 Mn by 2026. Chemical tanker shipping refers to the constructed ships for carrying liquid chemicals in bulk. These chemical tankers are required to fulfill safety aspects because many chemicals are flammable and toxic. Additionally, these tankers are required mandatory comp
The global specialty chemicals market is expected to reach value of around US$ 301 Bn by 2026 and is anticipated to grow at a CAGR of around 4.8% in terms of revenue during the forecast period 2019 to 2026. Specialty chemicals are special type of chemicals which are produce as per the requirement of diverse industry sectors such as cosmetic, food, textile, construction chemical etc. A complex, interlinked indu
The global nitrile butadiene rubber (NBR) latex market value is expected to reach around US$ 2860.1 Mn by 2026, growing at a CAGR of 15.4% over the forecast period 2019 to 2026. Nitrile butadiene rubber (NBR) latex is a type of synthetic latex in liquid form with milky color. It’s a part of unsaturated acrylonitrile and butadiene copolymers family. NBR latex properties include excellent tensile strength
The global peptide synthesis market is expected to grow at significant CAGR of 6.6% over the forecast period 2019 to 2026 and reach around more than USD 400 million by 2026. Peptides are organic molecules of a peptide (amide) bound amino acids. Peptide synthesis is the mechanism by which a carboxylic acid from one amino acid is compressed into the amino group of another, forming sh
The global recycled glass market value is expected to reach around 5,723.6 million by 2026 and will grow at a CAGR of 6.0% over forecast period 2019 to 2026. Recycled glass refers to the reusing glass objects, which are preferably used for making virgin glass. The recycling of glass is a cost-effective process of virgin glass production, because it conserves natural resources, saves energy and simple to recycl
The global electric vehicle polymers market size is expected to reach around 159 billion by 2026 growing at a CAGR of around 64.9% over forecast period 2019 to 2026. Electric Vehicle Polymers refers to the polymers used in electric cars for the increasing the efficiency of the vehicle by reducing the weight of the vehicle. Polymers resemble the characteristics of metals such as better flame retardancy, toughne