Lignin And Lignin Based Products Market Report
Global Lignin and Lignin-based products market is segmented By Type (Kraft Lignin, Lignosulphonates, Other), By Application (Construction, Agriculture, Animal Feed, Other), and Region. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global lignin and lignin-based products market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
Global Lignin and Lignin-based products market is segmented By Type (Kraft Lignin, Lignosulphonates, Other), By Application (Construction, Agriculture, Animal Feed, Other), and Region. This market research report provid...
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
The Global Lignin and Lignin-Based Products Market is estimated to grow from USD 880.1 million in 2020 to USD 1,410.3 million by 2026 at a healthy CAGR of 8.3% during the forecast period.
Figure: Global Lignin and Lignin-Based Products Market Size, 2020-2026 (USD Million)
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Lignin is the most commonly available and abundant natural raw material available across the globe in terms of solar energy storage. It accounts for 30% of all the non-fossil organic carbon on the planet.
Lignin and lignin-based products are mainly used as a green alternative to many petroleum-based substances, such as resin, fuel, thermoplastic blends, and rubber among others. It is referred to be the only renewable source for industrial aromatics production. Lignin can easily be present in other plants, which includes bamboo, cereal straws, and bagasse, but it is in wood that the lignin content is highest, around 20-35% in terms of weight in the wood when compared to 3-25% in other lignin sources.
Key players operating in the Global Lignin and Lignin-bases products market are –
These products are likely to act as an eco-friendly substitute to petroleum-based products in agricultural & construction sectors, further offering immense opportunities to the industry players.
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The kraft lignin held a substantial market share in 2020 & is likely to grow at a significant CAGR during the assessment period.
Germany, the UK, France are the key contributors.
The spread of coronavirus around the world has led to a complete or partial shutdown of many industries. The major end-use of lignin and lignin-based products is the cement & construction sector. As the construction activities declined to a limited workforce and stringent lockdown norms, the demand for the product reduces, thus affecting the industry growth.
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The following is a list of the customers that the Lignin and Lignin-Based Products market aims to convert the most:
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The lignin and lignin based products market size is expected to reach an estimated value of USD 1,410.3 million in the foreseeable future.
Borregaard LignoTech (Germany), KMT Polymers (The UAE), Tembec (Rayonier Advanced Materials) (Canada), Domtar (The U.S.), Nippon Paper (Japan), Domsjo Fabriker (Sweden), MWV (WestRock) (The U.S.), Weili Group (China), Wuhan East China Chemical (China), Shenyang Xingzhenghe Chemical (China), and Xinyi Feihuang Chemical (China) are among the key players in the lignin and lignin based products market.
The lignin and lignin based products market is expected to witness an impressive growth of 8.3% CAGR in the coming years.
Europe accounted for the largest share of the lignin and lignin based products market in 2020 and is estimated to grow at a moderate CAGR in the following years.
Kraft lignin is expected to grow at a significant CAGR in the lignin and lignin based products market in the coming five years.
Lignin and Lignin-Based Products vendors, Lignin companies, Bio-based lignin, Concrete admixtures, Lignin-based animal feed, Government organizations are the target audience in the lignin and lignin based products market.
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