The "Lignin - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The global market for Ligninis projected to reach US$ 993 million by 2025, driven by the growing focus among countries worldwide to migrate to a circular economy that will help achieve a more sustainable and resource efficient future for coming generations.
The scenario is throwing open the opportunity to identify, quantify, and prioritize strategic circular-economy opportunities. This gives lignin the opportunity to compete with petrochemical feedstocks. Lignin refers to a group of complex polymers of aromatic alcohols known as monolignols. Most commonly derived from wood, Lignin forms the integral part of secondary cell walls of vascular plants and some types of algae such as red alga.
Globally, about 1.2 million metric tons of lignin is produced every year and the compound is used in a plethora of niche, low volume applications, where importance is given to the form but not the quality. While lignin is produced from fresh wood and plant sources, the same can be sourced from paper manufacturing plants, where lignin is produced as a by-product and is usually discarded as industrial waste.
Lignin has wider relevance in manufacture of macromolecules, which are used in bio-refineries and biofuel production processes and bitumen/asphalt modification applications. Similarly lignin also has considerable relevance in aromatics such as vanillin, phenols, and BTX, among others.
The emerging bio-economy is pushing up the commercial value of lignin based products. Organosolv Lignin, especially, is gaining new significance as biofuel production grows supported by favorable policies. Demand for Lignin expected is witness robust growth in bioplastics, biomedical and adhesives applications.
Also, innovations in valorization processes will catapult lignin as a major feedstock for myriad high-value chemicals. Lignin-derived advanced carbon materials are expected to find breakthrough uses in lithium-ion batteries, supercapacitors and fuel cells in the coming years. Increasing demand for superior animal protein, as well increase in production of livestock is increasing the demand for healthy and natural feed additives for animal nutrition.
This provides an opportunity for lignin given its ability to improve animal diet from early stages by providing high-fiber content for providing energy so as to fight infections. Massive size of the animal feed market globally offers huge potential for growth. Additionally, lignin is utilized in pesticides and insecticides for controlling production of weed and reducing microbial attack. Organic attributes of lignin, along with its ample availability and economic feasibility are also expected to increase the demand for the product.
Programs such as VTT`s LigniOx project that aims to bring forward a simple and cost-efficient method to make lignin-based concrete plasticizers; and LIBRE project, which seeks to propagate lignin as a highly viable raw material in carbon fiber manufacturing, will play a pivotal role in future growth of the market. Lignosulfonates, a type of soluble lignin polymers that are extremely versatile and find use in an array of industrial applications, constitute the major product segment in the lignin market.
While these polymers are generally associated with surface stabilization and dust control of roads, they are used as emulsifiers, binders, sequestrants and dispersants in a range of products such as animal feed pellets, gypsum board, and micronutrient systems.
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
An Introduction to Lignin
Lignin: Current Market Scenario and Outlook
Lignosulfonates: Largest Product Segment
Stable Demand for Kraft Lignin
While Developed Regions Dominate the Lignin Market, Developing Regions Exhibit Fast Paced Growth
Economic Scenario and Its Impact on Lignin Market
Competitive Scenario: A Brief Note on Leading Players
Recent Market Activity
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
Borregaard LignoTech (Norway)
The Dallas Group of America, Inc. (USA)
Domsjo Fabriker (Sweden)
Domtar Corporation (USA)
GreenValue SA (Switzerland)
Ingevity Corporation (USA)
Lenzing AG (Austria)
Lignin Enterprises, LLC (USA)
Lignostar Group B.V. (The Netherlands)
Metsa Group (Finland)
Nippon Paper Industries Co. Ltd (Japan)
Rayonier Advanced Materials (USA)
Suzano Papel e Celulose S.A. (Brazil)
3. MARKET TRENDS & DRIVERS
Bright Prospects Ahead for Lignin Amid Rising Demand for Bio-Based Raw Materials in the Chemicals Sector
Conventional Polymers Vs. Biodegradable Polymers: A Comparison
Key Biodegradable Polymers at a Glance
Biodegradable Polymer Applications at a Glance
Abundant Availability of Raw Material Sustains Growth Momentum in Lignin Market
Expanding Use Case Across Diverse Domains Augments Market Prospects
Established Image as Reliable Concrete Admixture Accelerates Market Expansion
Rising Demand for Concrete & Cement Amid Healthy Trajectory in World Construction Industry Favors Market Growth
Lignin Continues to Gain Traction in Animal Feed Applications
Uptrend in Feed Additives Industry Augurs Well
Lignin Uptake Remains Robust in Dyestuff Vertical
Carbon Fiber: The New Growth Avenue for Lignin
LIBRE Project Seeks to Lay Strong Foundation for Lignin in Carbon Fiber Industry
Rising Consumption of Carbon Fiber Materials to Broaden Market Opportunities
Dust Suppression: A Traditional Application
Lignin-Derived Compounds Make their way into Agricultural Sector
Growing Need for High-Quality Drilling Fluids in Oilfield Applications: Prominent Market Driver
4. GLOBAL MARKET PERSPECTIVE
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