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    Lignin And Lignin Based Products Market Report

    Lignin And Lignin Based Products Market Report
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    Global Lignin and Lignin-Based Products Market, Trends and Market Analysis
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    Impact of COVID-19 on Lignin And Lignin Based Products Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Lignin And Lignin Based Products Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy 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.

    Market Insights

    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)

    Lignin-and-Lignin-Based-Products-Market-Forecast

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    What is Lignin?

    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

    Key players operating in the Global Lignin and Lignin-bases products market are –

    • 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). 

    Market Dynamics

    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.

    • Key factors driving the rising demand for lignin and lignin-based products in concrete admixtures coupled with the growing need for lignosulfonates in the animal feed sector, positively influence the product demand.
    • The ability to be used as a replacement for fossil-based further proliferates product consumption in the construction industry.
    • However, the existing gap between R&D for product innovation and consumer products is expected to hamper market growth.

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    Segmentation

    Type Trends

    The kraft lignin held a substantial market share in 2020 & is likely to grow at a significant CAGR during the assessment period.

    • It is a low-cost and highly abundant by-product of pulp mills which can be used in the production of lignin products and adhesives as well as used to produce energy.
    • Kraft lignin possess different chemical properties when compared to lignosulfonates.
    • There are no sulfonate groups present in it, so kraft lignin is soluble only in alkaline solution.
    • Kraft lignin can be precipitated from black liquor by reducing the pH to with a suitable acid.

    Regional Trends

    Germany, the UK, France are the key contributors.

    • By region, the Europe accounted for the largest market share in 2020 and is estimated to grow at a moderate CAGR in the following years.
    • It is the largest supplier of lignin and lignin-based products, with an approximate production share of 40% in 2020.
    • The Asia Pacific is likely to hold the second-largest position after Asia Pacific, owing to strong end-use applications in agriculture and construction industries.

    COVID-19 Impact on Global Lignin and Lignin-Based Products Market

    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.

    Critical Questions Answered in the Report

    • What are the key trends in the global lignin and lignin-based products market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
    • What is the impact of COVID-19 on global lignin and lignin-based products market?
    • What are the key strategies adopted by the major vendors to lead in the global lignin and lignin-based products market?
    • What is the market share of the top vendors?

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    Target Audience

    The following is a list of the customers that the Lignin and Lignin-Based Products market aims to convert the most:

    • Lignin and Lignin-Based Products vendors
    • Lignin companies
    • Bio-based lignin
    • Concrete admixtures
    • Lignin-based animal feed
    • Government organizations

    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 at [email protected].

    Frequently Asked Questions (FAQs)

    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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