Lignin Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Lignosulphonates, Kraft Lignin, Organosolv Lignin, Others), By Application (Concrete Additives, Animal Feeds, Resins And Dispersants, Others), And By Geography - Forecasts From 2021 To 2026

The lignin market is evaluated at US$943.217 million for the year 2019 and is projected to grow at a CAGR of 2.46% to reach the market size of US$1,118.129 million by the year 2026.

Lignin is a class of complex plant-derived polymers present in the cell walls of many plants, making them rigid and woody. The growth of the lignin market is mainly attributed to the utilization of lignin in various applications such as dispersants, binders, and adhesives due to its favorability to used as a fuel for burning. On a macro-level, factors such as increasing construction expenditure due to rapid industrialization and inclining demand for automobiles, electronics, and equipment manufacturing are predicted to further facilitate the demand for lignin.

Property to control dust level acts as a key parameter for market growth

Expanding mindfulness in regard to the unfavorable impacts of dust contamination on human and animal wellbeing has constrained administrations of different nations to force rules and guidelines for stifling dust outflow levels. The great restricting properties of lignin make it an ideal fit for controlling dust levels on streets and in stopping zones, hence inclining the demand for the product. The expanding air quality worries because of wood dust particles, organic materials, rising prevalence of respiratory disorders, and other health hazards, and the rising interest for quality furniture is relied upon to additionally advance the lignin market patterns.

Lignin is also being increasingly utilized as a dispersant in agrochemical production in addition to the inclining practice of modern agricultural techniques including the use of high-quality insecticides and pesticides is expected to propel the growth of the lignin market. The expanding uses of sulfonated lignin in dyeing applications and rising interest in dyed materials are probably going to impel the lignin market development. The capacity of lignin to deliver elite substantial admixtures and diminish the harm done to outside dividers from awful climatic conditions and corrosive downpours may rise the adoption of lignin in the forecast period. Advantages like shrinkage decrease, corrosion restraint, usefulness improvement, sodden sealing, holding, and shading got by utilizing substantial admixtures acquired from lignin are predicted to raise utilization for lignin from the construction industry.

Increasing commercial applications to facilitate lignin demand

Furthermore, the increasing commercial applications of lignin in animal feed additives, agriculture, industrial cleaners, and water treatment, oil field chemicals, industrial binders, battery additives, and various other sectors are expected to provide a further push to the demand for lignin during the coming years. The increasing investment in capacity augmentation is propelling the development opportunities in the market over the forecast period. For instance, in July 2019, in Finland, Stora Enso invested nearly €10 million to build a facility for producing bio-based carbon materials based on lignin.

The ability to generate thermal and electric force pushes the demand for the product

Lignin is viewed as quite possibly the most bountiful biopolymer on earth and it assumes a significant part in the progress of energy. Biomass, it is valued through the generation of thermal and electric force and the creation of materials and synthetic compounds. Conventional yields, for example, wheat and maize are considered as a wellspring of biomass and lignin for compound and energy creation, and their creation is spread everywhere on the globe except in a nation like Mexico where it is prohibited to utilize cereal grains for energy purposes. Expanding center around the mechanical employments of biomass containing lignin is driving the development of the market. Additionally, wood and lignin-based biomass assume a significant part in the generation of feasible force and heat, and with the developing ecological concerns, its market is expected to develop at a critical rate in the coming years.

The lack of awareness among consumers about lignin products and technological limitations in the use of lignin is predicted to be the major challenge for the growth of the lignin market.

Impact of COVID-19

The advent of the COVID-19 pandemic has affected all markets in some way or the other. It has had a positive impact on the lignin market mainly due to the increasing investment expenditure for infrastructural development by the government of various countries. This was done as a measure to curb the recession in the countries due to the lockdowns imposed. This rising demand from the commercial sector will fuel the growth of the lignin market. Hence, despite the economic slowdown in the economies, the lignin market is expected to grow during the forecast period.

Based on type, the lignin market can be segmented into lignosulphonates, kraft lignin, organosolv lignin, and others. Kraft lignin is expected to observe fast development during the forecast period attributing to the developing significance of bio-fills combined with expanding natural concerns. Kraft lignin is generally utilized in petroleum processing plants, like, cement additives and the creation of biofuels among other strength compound items that are utilized in material ventures. Moreover, Lignosulfonate lignin is acquired from the sulfite cycle and is water-dissolvable making it unique concerning different sorts of lignin. They are utilized as stabilizers, surfactants, adhesives, and a dispersing agent in the presence of high thick useful gatherings with one-of-a-kind colloidal properties.

Based on application, the lignin market can be categorized into concrete additives, animal feeds, resins and dispersants, and others.

Geographically, the lignin market can be studied across North America, South America, Europe, the Middle East and Africa, and Asia Pacific (APAC) regions. The Asia Pacific accounts for the largest share of the global lignin market in 2019 and is predicted to grow and maintain a steady growth rate throughout the forecast period. This is mainly attributed to rapid industrialization and increasing urbanization in the developing economies in the region. The construction activities in these countries have been increasing along with the investment expenditure by the governments. These factors are expected to drive the growth of the lignin market in the region. Additionally, In North America, because of the presence of significant market players and inclining infrastructural investment, the market is developing at a considerable rate. Comparative patterns have been seen in European countries, which are seeing remarkable development owing to the expanding investment by market players.

Lignin Market Scope:

Segmentation:

• By Type
  • Lignosulphonates
  • Kraft lignin
  • Organosolv lignin
  • Others
• By Application
  • Concrete Additives
  • Animal Feeds
  • Resins and dispersants
  • Others
•  By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • Egypt
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • Indonesia
    • Taiwan
    • Thailand
    • South Korea
    • Others