A recent report published by Infinium Global Research on lignin market provides in depth analysis of segments and sub-segments in global as well as regional lignin market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional lignin market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global lignin market. According to report the global lignin market is projected to grow at a CAGR of 2.4% over the forecast period of 2017-2023.
Lignin is a constituent of cell walls of almost all dry plant cell walls. It is one of the most abundant natural polymers available in the world. Lignin lends rigidity and do not rot easily hence they have high importance in the formation of bark. Lignin forms an excellent source of fuel as lignin’s yield more energy than cellulose.
The global lignin market is expected to be primarily driven by factors such as multiple industry applications, growing demand for bio-based fuels and growing government support. However, the growth in global lignin market is likely to be hampered by factors such as high production costs lack of technological advancements and environmental issues. The commercial usage of lignin presents significant market potential of lignin in the world market. Kraft lignin is largely used for fuel purpose in the commercial applications. Lignin holds a capacity to become a source of renewable energy.
Figure 1: Global Lignin Market by Value 2015-2023
The report on global lignin market covers segments such as, product and application. On the basis of product the global lignin market is categorized into lignosulphonate, kraft lignin, organosolv and others. On the basis of application the global lignin market is categorized into concrete additives, dye stuff, animal feed and others.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2015-2023.
Figure 2: Global Lignin Market by Region, CAGR % 2017-2023
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2017-2023.
The report provides profiles of the companies in the global lignin market such as, Borregaard Lignotech, ALM, Changzhou Shanfeng Chemical Industry Co. Ltd., Domsjo Fabriker AB, CIMV, Domtar Corporation, Lignol Energy Corporation, Hubei Zhengdong Chemical Co. Ltd, Meadwestvaco Corporation and Tembec Incorporation.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global lignin market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of lignin market.
Moreover, the study highlights current market trends and provides forecast from 2017-2023. We also have highlighted future trends in the lignin market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the lignin market to understand the present and future trends in this market and formulate their strategies accordingly.
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