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

Published:  Jun 2021 Report Code: KSI061610959 Pages: 126

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 be 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 regards 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 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 downpour 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 push the demand for the product

Lignin is viewed as quite possibly the most bountiful biopolymers on earth and it assumes a significant part in the progress of energy. In 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 the 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 of 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 the 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 the European countries, which are seeing remarkable development owing to the expanding investment by market players.

Lignin Market Scope:

Report Metric Details
 Market size value in 2019  US$943.217 million
 Market size value in 2026  US$1,118.129 million
 Growth Rate  CAGR of 2.46% from 2019 to 2026
 Base year  2019
 Forecast period  2021–2026
 Forecast Unit (Value)  USD Million
 Segments covered  Type, Application, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  Borregaard LignoTech, Stora Enso, West Fraser, Weyerhaeuser Company, Domsjö   Fabriker., NIPPON PAPER INDUSTRIES CO., LTD., Lignin Enterprises LLC, METSÄ   GROUP
 Customization scope  Free report customization with purchase

 

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

Frequently Asked Questions (FAQs)

Q1. What will be the lignin market size by 2026?
A1. The global lignin market is projected to reach a market size of US$1,118.129 million by the year 2026.


Q2. What is the size of global lignin market?
A2. Lignin market was valued at US$943.217 million in 2019. 


Q3. What are the growth prospects for lignin market?
A3. The lignin market is projected to grow at a CAGR of 2.46% during the forecast period.


Q4. Which region holds the largest market share in the global lignin market?
A4. The Asia Pacific accounts for a significant share of the global lignin market and is projected to grow and maintain its position throughout the forecast period.


Q5. What factors are anticipated to drive the lignin market growth?
A5. The lignin market growth is mainly attributed to the utilization of lignin in various applications such as dispersants, binders, and adhesives due to its favorability to be used as a fuel for burning.

1. Introduction
1.1. Market Definition
1.2. Market Segmentation
 
2. Research Methodology
2.1. Research Data
2.2. Assumptions
 
3. Executive Summary
3.1. Research Highlights
 
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
 
5. Lignin Market Analysis, by Type
5.1. Introduction
5.2. Lignosulphonates
5.3. Kraft lignin
5.4. Organosolv lignin
5.5. Others
 
6. Lignin Market Analysis, by Application
6.1. Introduction
6.2. Concrete Additives
6.3. Animal Feeds
6.4. Resins and dispersants
6.5. Others
 
7. Lignin Market Analysis, by Geography
7.1. Introduction
7.2. North America (US$ Million) 
7.2.1. North America Lignin Market, By Type, 2019 to 2025
7.2.2. North America Lignin Market, By Application, 2019 to 2025
7.2.3. By Country
7.2.3.1. United States
7.2.3.2. Canada
7.2.3.3. Mexico
7.3. South America (US$ Million) 
7.3.1. South America Lignin Market, By Type, 2019 to 2025
7.3.2. South America Lignin Market, By Application, 2019 to 2025
7.3.3. By Country
7.3.3.1. Brazil
7.3.3.2. Argentina
7.3.3.3. Others
7.4. Europe (US$ Million) 
7.4.1. Europe Lignin Market, By Type, 2019 to 2025
7.4.2. Europe Lignin Market, By Application, 2019 to 2025
7.4.3. By Country
7.4.3.1. UK
7.4.3.2. Germany
7.4.3.3. France
7.4.3.4. Spain
7.4.3.5. Others
7.5. Middle East and Africa (US$ Million) 
7.5.1. Middle East and Africa Lignin Market, By Type, 2019 to 2025
7.5.2. Middle East and Africa Lignin Market, By Application, 2019 to 2025
7.5.3. By Country
7.5.3.1. Saudi Arabia
7.5.3.2. Egypt
7.5.3.3. Others
7.6. Asia Pacific (US$ Million) 
7.6.1. Asia Pacific Lignin Market, By Type, 2019 to 2025
7.6.2. Asia Pacific Lignin Market, By Application, 2019 to 2025
7.6.3. By Country
7.6.3.1. Japan
7.6.3.2. China
7.6.3.3. India
7.6.3.4. Indonesia
7.6.3.5. Taiwan
7.6.3.6. Thailand
7.6.3.7. South Korea
7.6.3.8. Others
 
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
 
9. Company Profiles
9.1. Borregaard LignoTech
9.2. Stora Enso
9.3. Weyerhaeuser Company
9.4. Domsjö Fabriker.
9.5. NIPPON PAPER INDUSTRIES CO., LTD.
9.6. Lignin Enterprises LLC.
9.7. METSÄ GROUP

Borregaard LignoTech

Stora Enso

West Fraser

Weyerhaeuser Company

Domsjö Fabriker.

NIPPON PAPER INDUSTRIES CO., LTD. -

Lignin Enterprises LLC

METSÄ GROUP

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