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Global Lignin Market Market is expected to grow at a CAGR of 2.61% over the Forecast Period of 2018 – 2024

Infograph - Global Lignin Market Market

By Infinium Global Research Aug, 2020

The report on Global Lignin Market provides an 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, forecasts, and dollar values of the global lignin market. According to the report the global lignin market is projected to grow at a CAGR of 2.61% over the forecast period of 2018-2024. 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 does 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 the 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 the significant market potential of lignin in the world market. Kraft lignin is largely used for fuel purposes in the commercial applications. Lignin holds capacity to become a source of renewable energy.

The report on the global Lignin Market covers segments such as product and application. The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The report provides profiles of the companies in the global 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.

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