Lignin Market Top Manufacturers, Size, Business Scenario, Growth, Industry Analysis,

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The global lignin market is broadly affected by several factors, including increase in usage of lignin in various applications such as dyestuff, animal feed, and concrete additive.

Lignin Market: Introduction

Transparency Market Research delivers key insights on the global lignin market. In terms of revenue, the global lignin market is estimated to expand at a CAGR of 5.4% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecast in its report on the global lignin market.

The global lignin market is broadly affected by several factors, including increase in usage of lignin in various applications such as dyestuff, animal feed, and concrete additive. Rise in global demand for concrete additives has led to significant growth in usage of lignin. Moreover, increase in production and demand for concrete additive is expected to be the primary driver of the global lignin market. Thus, expansion of the concrete additive application segment is propelling the lignin market.

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Incremental Opportunities for Manufacturers in Global Market

Lignin is the main by-product from lignocellosic bio-refineries and a valuable renewable resource for the chemical industry. Lignin, a component of plants, has great potential in terms of conversion into value-added products that can significantly improve the economics of a bio-refinery. Key players operating in the global lignin market are focusing on developing innovating products to mark their presence in the global market and leverage lucrative revenue opportunities.

Increasing investments in research development activities in order to attract consumers through innovative products is driving the lignin market. Market players are expanding their product lines to meet the increasing demand from various end-use industries. The global lignin market is also expected to rise in the upcoming years due to the presence of several market contributors. Competition among the players is increasing due to the emergence of several local players in the market.

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Lignin Market: Major Players

The global lignin market is consolidated with the presence of key players. Prominent players operating in the global lignin market include Domsjö Fabriker AB, Nippon Paper Industries Co., Ltd., Changzhou Shanfeng Chemical Industry Co., Ltd., MeadWestvaco Corporation, UPM-Kymmene Corporation, Borregaard LignoTech, Tembec, Inc., and Domtar Corporation.

Potential Opportunities for Asia Pacific Market Players

Asia Pacific is expected to account for the largest share of the global lignin market during the forecast period. Increase in demand for lignin in various applications such as dye stuff, animal feed, and concrete additives is driving the lignin market in the region.

The surge in demand for lignin in building construction and steel industries is driving the market in the region. China is expected to dominate the Asia Pacific lignin market. The lucrative presence of manufacturer operating in the Asia pacific is creating value-grab opportunities. In addition, Europe is also a prominent contributor in the global lignin market.

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Increase in Usage of Lignin in Concrete Additive: Key Driver of Lignin Market

  • Use of lignin is dominant in concrete additive application segment. Lignin is widely used as a concrete additive in building and construction industry. This is because it offers high performance, enhanced strength and minimizes damage for external wall due to bad climatic conditions. A spur in construction activities across the globe is a strong factor likely to boost the global lignin market during the forecast period.
  • Apart from this rising development, activity in public infrastructure such as roads, railways and transportation modes is another factor projected to drive the global lignin market. In addition, the increasing use of lignin in dye stuff, animal feed, and concrete additive, and others is considered as the key factor that is expected to encourage the growth of the global lignin market during the forecast period. Moreover, rising application of lignin, owing to its dust control properties is another key aspect bolstering the global lignin market during the forecast period.
  • Rise in demand for lignin in concrete additive application is propelling the lignin market

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