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    Lignin Market Analysis & Forecast | 2021-2026

    Lignin Market Analysis & Forecast | 2021-2026
    Report code - SRAM669 Published On : Sep,2021 No. of Pages: 175
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    Lignin Market Size, Share, Trend, Industry, Growth & Forecast (2021-2026)
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    Market Insights

    The Lignin Market is expected to grow from US$ 676 million in 2020 to US$ 810 million by 2026 at a CAGR of 3.1% during the forecast period of 2021-2026.

    Based on primary interview results coupled with the study of recovery trajectories of previous downturns, it is anticipated that the market will cross its 2019 sales figure in 2021 only, marking consistent growth during the forecast period.

    Lignin-Market-Size

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    What is lignin?

    Lignin is one of the most abundantly available biopolymers on earth and has been attributed as the most sustainable bio-resource. Lignin was traditionally used as a fuel for burning. However, over the past few years, manufacturers are exploring new revenue streams for lignin across different industrial applications like construction, agriculture, and animal feeds.

    Lignin producers have realized a significant number of commercialized as well as potential applications for different lignin-based materials including vanillin, carbon fiber, phenols, and bio-materials which can be further processed to be used as binders & adhesives, dispersants, aromatics, etc.

    Lignin Market Highlights

    Market Size in 2020

    US$ 676 million

    Market Size in 2026

    US$ 810 million

    Market Growth (2021-2026)

    3.1% CAGR

    Base Year of Study

    2020

    Trend Period

    2016-2019

    Forecast Period

    2021-2026

    Dominant Region

    Europe accounted for nearly 35% of the market share.

    Key Players

    The following are the key players in the market.

    Market Drivers

    Lignin-Market-Snapshot

    In the wake of the pandemic, the market witnessed a decline of -1.3% in the year 2020. Different end-use industries have experienced different degrees of impact of the pandemic. For instance, the COVID-19 pandemic hit the construction industry hard, causing unimaginable disruption and losses for the stakeholders.

    • Increased use of oil-based alternatives driven by low oil prices and reduced construction activities further resulted in the decline of lignin demand in the construction industry.
    • Global market growth is expected to grow owing to the rapidly increasing investments in the upgradation of low-cost coal-based carbon fibers.
    • Rising demand for lignin in animal feed and natural products is expected to drive growth.
    • Increasing investments in infrastructure development is expected to fuel the market growth, thanks to the rising demand for concrete admixtures and adhesives, and binders.

    Segments Analysis

    Based on the product type

    The market is segmented as lignosulfonate, kraft lignin, and others. 

    Lignosulfonate is expected to remain the dominant product type in the market during the forecast period. This is primarily due to a wide range of industrial applications for lignosulfonates, such as concrete admixture, dust suppressant and control, animal feed binders, crop protection, and fertilizer production.

    Based on the end-use industry

    The market is segmented into construction, agriculture, animal feed, and others.

    Construction is expected to remain the largest segment of the market revenue share of more than 35% during the forecast period, owing to continuous growth in construction activities across the globe.

    In addition to that, the increasing demand for lignin in concrete additives is further expected to boost the market growth during the study period. 

    Lignin-Market-Share-Analysis

    To know about the assumptions considered for the study, download the pdf brochure.

    In terms of region 

    Europe was the largest market for the consumption of lignin with a revenue share of more than 35% over the estimated period.

    The presence of a large number of lignin producers, such as Domsjo Fabriker, Stora Enso, and Borregaard, in Europe, is one of the major factors behind the dominance of the region. 

    Asia-Pacific and North America are also likely to create sizeable opportunities in the coming five years, driven by an expected rebound in the construction industry and a strong expected economic rebound shortly.

     

    The market is segmented into the following categories. 

    By End-Use Industry

    • Construction
    • Agriculture
    • Animal Feed
    • Others

    By Product Type

    • Lignosulfonate
    • Kraft Lignin
    • Others

    By Region

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    Report Features

    This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    Report Features

    Market Segmentation

    03

    Regions Covered

    04

    Countries/Sub-Regions Covered

    10

    No. of Figures & Tables

    >120

    Company Profiles

    06

     

    The following are the key features of the report:

    • Overview, industry life cycle analysis, supply chain analysis
    • Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Trend and forecast analysis
    • Segment trends and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, Technology launches, etc.
    • Attractive segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Target Audience

    Here is the list of the group of customers that the market hopes to have the greatest opportunity to convert-

    • Manufacturers
    • Suppliers
    • Distributors
    • Organizations
    • Government bodies

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s lignin market realities and future market possibilities for the forecast period of 2021 to 2026. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.

    The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Customization

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The lignin market size is US$ 810 million by 2026.

    Lignin is one of the most abundantly available biopolymers on earth and has been attributed as the most sustainable bio-resource. Lignin was traditionally used as a fuel for burning. However, over the past few years, manufacturers are exploring new revenue streams for lignin across different industrial applications like construction, agriculture, and animal feeds.

    The lignin market is expected to grow at a CAGR of 3.1% during the forecast period.

    Some players operating in the market are- The Borregaard Group, Sappi Limited, Domtar Corporation, Domsjo Fabriker (Part of Aditya Birla Group), Stora Enso, and Ingevity.

    Europe accounted for nearly 35% of the market share and is projected to grow at a significant CAGR during the assessment period.

    Increased use of oil-based alternatives driven by low oil prices and reduced construction activities further resulted in the decline of lignin demand in the construction industry. Global market growth is expected to grow owing to the rapidly increasing investments in the upgradation of low-cost coal-based carbon fibers. Rising demand for lignin in animal feed and natural products is expected to drive growth. Increasing investments in infrastructure development are expected to fuel the market growth, thanks to the rising demand for concrete admixtures and adhesives, and binders.

    Here is the list of the group of customers that the lignin market hopes to have the greatest opportunity to convert- Manufacturers, Suppliers, Distributors, Organizations, and Government bodies.

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