Lignin Global Market Report 2022-2025: Expanding Use Cases to Diverse Sectors Broadens Market Outlook – ResearchAndMarkets.com – Business Wire | Region & Cash

DUBLIN–(BUSINESS WIRE)–Added the Lignin – Global Market Trajectory & Analytics report ResearchAndMarkets.com Offer.

The global lignin market is projected to reach $993 million by 2025

Amid the COVID-19 crisis, the global lignin market is projected to reach US$993 million by 2025, registering a compound annual growth rate (CAGR) of 3.9% during the analysis period. Europe represents the largest regional market for lignin, accounting for an estimated 36.0% share of the total global market. The market is expected to reach $343.4 million by the end of the analysis period. China is expected to lead the growth, becoming the fastest growing regional market with a CAGR of 6.1% over the analysis period.

Steady momentum in core end-use areas, including concrete admixtures, colorants and animal feed, has resulted in significant growth in the lignin market. Lignin offers a cheaper feedstock and broadened the addressable market as a bio-based renewable alternative to petroleum-derived feedstocks in various applications while benefiting from the increasing shift towards materials and products that are considered environmentally friendly in both industrial and consumer markets.

Rapid urbanization and the increase in technological developments are driving manufacturers to create superior concrete mixes to improve a building’s longevity and reduce moisture and rain damage, fueling the demand for lignin. Increasing demand for high-quality animal protein and increased livestock production drive demand for healthy and natural feed additives for animal nutrition, thereby fueling the growth of the lignin market.

Additionally, lignin is used in pesticides and insecticides to control weed production and reduce microbial attack. Europe represents an important market for lignin, with Germany, the UK and France leading growth in the region. Increasing focus on sustainability and rapid expansion of lignin production facilities should support regional growth.

The lignin market in the US remains robust, supported by steadily increasing consumer awareness of biodegradable products, favorable regulatory environment, expansion of production capacity and development of the necessary infrastructure for lignin production. The lignin market in China and Asia-Pacific is expected to benefit from the growing needs of the population and increasing acceptance of bio-based products.

Lignosulfonates, a type of soluble lignin polymers that are extremely versatile and used in a number of industrial applications, form the main product segment. While these polymers are commonly associated with road surface stabilization and dust control, they are used as emulsifiers, binders, sequestrants and dispersing agents in a number of products such as animal feed pellets, gypsum board and micronutrient systems.

Lignosulfonates are plant biomaterials and when properly manufactured and used are not harmful to the environment, animals, aquatic life and plants. The Kraft Lignin market is expected to grow at the fastest rate during the analysis period. Kraft lignin, which is basically a natural adhesive, has traditionally been used as an additive in concrete and adhesives.

Demand for Kraft lignin remains stable globally due to the compound’s broader use in binders, carbon fiber, pesticides, fertilizers and fire extinguishers. The high-purity Kraft lignin offers an environmentally friendly alternative to the traditionally used petroleum-based products, a key factor driving the growth of the market. Additionally, the market for Kraft lignin is expected to continue growing due to the increase in government initiatives to reduce emissions and rising oil prices that are shifting consumer focus towards bio-based products.

Select competitors

  • Borregaard LignoTech

  • The Dallas Group of America, Inc.

  • DomsjA Fabriker

  • Domtar Corporation

  • Green Value SA

  • Ingevity Corporation

  • Lenz AG

  • Lignin Enterprises, LLC

  • Lignostar Group BV

  • MetsA Group

  • Nippon Paper Industries Co.Ltd

  • Rayonier Advanced Materials

  • Suzano Papel e Celulose SA

Main topics covered:

I. METHODOLOGY

II. SUMMARY

1. MARKET OVERVIEW

2. FOCUS ON SELECTED PLAYERS

3. MARKET TRENDS & DRIVERS

  • Good prospects for lignin with increasing demand for bio-based raw materials in the chemical sector

  • Conventional Polymers vs. Biodegradable Polymers: A Comparison

  • The most important biodegradable polymers at a glance

  • Biodegradable polymer applications at a glance

  • Abundant availability of raw materials keeps growth momentum in the lignin market

  • Extending the use case to different domains broadens the market prospects

  • Established image as a reliable concrete additive accelerates market expansion

  • Increasing demand for concrete and cement amid healthy development in global construction industry favors market growth

  • Lignin continues to gain traction in animal feed applications

  • Upward trend in the feed additives industry bodes well

  • Lignin uptake remains robust in Dyestuff Vertical

  • Carbon fiber: The new growth path for lignin

  • The LIBRE project aims to create a strong foundation for lignin in the carbon fiber industry

  • Increasing consumption of carbon fiber materials to expand market opportunities

  • Dust suppression: A traditional application

  • Lignin-derived compounds are finding their way into the agricultural sector

  • Growing Demand for High Quality Drilling Fluids in Oilfield Applications: Prominent Market Driver

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report, visit https://www.researchandmarkets.com/r/lnv07p

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