Lignin Products Market Report

Growing demand for lignin products as dispersants, adhesives, surfactants, and stabilizers is foretold to provide promising market opportunities during the forecast period. High use of lignosulfonate in surface stabilization and dust control applications could support the growth of the global lignin products market. Lignin products are not only used in construction applications but also perfume and odor-masking products, pharmaceuticals, food flavors, and emulsifiers. Growing use of lignin products to produce macromolecules is prophesied to significantly benefit the global market. Macromolecules find application in the production of bio-refinery catalysts, bitumen, and biofuels. The global market could witness the introduction of a variety of lignin products suitable for a number of standard and specialized applications. Manufacturers are predicted to focus on quality and innovation to gain a competitive edge over other market participants.

QYR Consulting forecasts the global lignin products market to rise at a healthy CAGR of 8.8% between 2019 and 2025. By the end of 2025, the size of the global market is foreseen to reach an estimated US$1.4 Bn, increasing from around US$0.8 Bn achieved in 2018.

Market Dynamics

High growth of the construction industry and resulting increase in the requirement of concrete admixtures could be principal factors augmenting the demand for lignin products. Lignosulfonate is one of the important chemicals used in concrete admixtures. Lignin-based concrete admixtures are commonly used in construction work because of their several benefits such as improved final strength, low concrete shrinkage, decreased moisture or acid rain-related damage, and enhanced concrete and performance strength. Ability to replace fossil-based raw materials and application in animal feed to increase animal nutrition are anticipated to create strong demand for lignin products in the coming years.

Market Segments

By type of product, the global lignin products market is segmented into lignosulfonates, kraft lignin, and others. On the basis of application, the global market is segmented into animal feed, agriculture, construction, and others.

By Region

Key Players

Some of the important players of the global lignin products market are Tembec (Rayonier Advanced Materials), Borregaard LignoTech, Xinyi Feihuang Chemical, KMT Polymers, Shenyang Xingzhenghe Chemical, Wuhan East China Chemical, Domtar, Weili Group, Nippon Paper, MWV (WestRock), and Domsjö Fabriker.

The chemicals and materials sector has been witnessing an exponential rise in the past few years. The industrial boom and infrastructural growth across the globe has had a positive impact on the chemical and materials industry. Chemicals are an integral part of many industries, which, over the years, have created lucrative opportunities for players. Similarly, materials are an indispensable part of myriad industries. The rise of the chemicals and materials sector has been mapped by QYR Consulting through exhaustive research reports.

Analysts have used investigative approach to deduce important elements pertinent to the industry. The reports are aimed towards giving the reader a holistic approach about the industry’s development and future scenario. Competitive landscapes have been written with in-depth analysis of the historical data and careful understanding of the management styles. QYR Consulting aims to provide the readers a guided approach towards making well-informed business decisions through its research reports.