The Lignin Market was valued at $988.23 Million in 2018 and is forecast to grow at a modest 3.6 % CAGR between 2018 and 2025, culminating in 2026 global sales of $xx.2 Billion.
Industry at a Glance.
The Lignin is a class of composite organic polymers that form key structural materials in the support tissues of vascular plants and some algae. Lignin is particularly important in the formation of cell walls, especially in wood and bark.
Rising demand for natural feed additives in animal nutrition along with increasing usage in various end-use industries such as paints & adhesives, construction, petroleum, and pulp & manufacturing shall foster market growth.
Lignin is also playing a major role in the construction sector due to its antioxidant nature, durability, chemical & corrosion resistance and ability to enhance the quality of concrete. Growing technological advancements and rapid urbanization are producing high-quality concrete mixtures to reduce damages of the concrete and increase the life span of buildings which is expected to fuel the market demand.
Furthermore, The product is extensively employed in the production of macromolecules for the further processing of bio-refinery, biofuels, and bitumen catalysts. Lignin also acts as a fuel-burning agent in several applications such as adhesives, dispersants, and binders are projected to boost the market in the coming future.
“Optimal Price Point (OPP) for Global Lignin”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On average, in Global Lignin are available at USD xxx- USD xxxx. However, high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of the latest products.
Global Lignin Market by “Key Product Categories”
We have segmented the Global Lignin-based on Product categories as Lignosulphonates, Kraft, and Organosolv.
We have observed the rapid growth of Lignin followed by Lignosulphonates segment with a CAGR of x.8% and is expected to propel the market growth over the forecast period. This segment demanded in the Construction Sector. Lignosulphonate has been historically used on roads, as a method for surface stabilization and dust control. Lignin-based products are safer and more economical than the petroleum and salt-based products that are typically applied to road surfaces.
We also noticed the Kraft segment anticipated to drive the market with a CAGR of 3.8% from 2018 to 2026.
Global Lignin Market by “Application Categories”
We have segmented the Global Lignin-based on Application Categories as Macromolecule, and Aromatic.
We have observed the rapid growth of Lignin followed by the Macromolecule segment has the largest market share of 60.1% in 2018 and is estimated to grow during the prediction period. A macromolecule is used in the automotive and aerospace manufacturing sector as a lightweight component with durability and better performance.
A macromolecule is also used to make carbon fibers, carbon, bitumen, bio-refinery catalysts, biofuels, and activated carbon.
Europe and Asia Pacific accounted for the maximum revenue share of over xx% in 2018 due to increased demand for Global Lignin followed by EU- Top 5 countries contribute $X.9 Billion in 2018 and expected to reach $x.5 Billion by 2026.
Europe is having the largest market share of 42.3% in the global market in 2018. The emerging countries like France, Belgium, Germany, and the Netherlands are fueling the biopolymers demand, because of the restriction of greenhouse gas emission. Also, expanding a lightweight motor vehicle coupled with numerous manufacturing sector is projected to create a positive influence in the coming future.
The Asia Pacific is anticipated to create a CAGR of 3.6% from 2018 to 2026. This region playing a crucial role in making the bio-based product as well as vast production pulp and paper products, which is expected to augment the market over the forecast period.
“Competitive Landscape” and “Merger & Acquisition Insights”
The key market participants are Borregaard LignoTech, Domtar Corporation, Aditya Birla Group, Liquid Lignin Company LLC, Nippon Paper Industries Co., Ltd., and Metsa Group. are few major players in Global Lignin markets. The Global Lignin market is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation & new product development are major focus areas for dominant companies.
Global Lignin Market by Key Product categories (Revenue, Million, 2018 – 2026)
Global Lignin Market by Application Categories (Revenue, Million, 2018 – 2026)
Global Lignin Market Regional Outlook (Revenue, USD Million, 2018-2026)
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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