The global Lignin market is forecast to reach USD 1.10 Billion by 2027, according to a new report by Reports and Data. Increasing demand for natural feed additives in animal nutrition along with expanded usage in various end-use industries such as paints & adhesives, construction, refining, and pulp & packaging would promote growth in the industry.
Limited awareness among people and manufacturers of the characteristics and use of lignin products and a weak link between R&D facilities and manufacturers are also important factors of restraint for the global lignin market. In fact, on the world level, lignin goods are priced very low, and free trading is discouraged because shipping costs are higher than commodity prices.
The Lignin market report offers latest updates on the COVID-19 situation of the market, as well as the profound changes that followed the outbreak. In the COVID-19 Impact Analysis section of the report, major focus has been laid on the severe effects of the pandemic on the industry’s functioning. Moreover, market experts at Reports and Data offer research-backed insights into the Lignin industry and identify the key barriers to industry growth. The aim of this report is to enable businesses to optimize their growth strategies and capitalize on the emerging opportunities.
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Further key findings from the report suggest
- The growth in the use of carbon fibers as lighter materials in the automotive and construction industries is expected to raise the significance of macromolecules. The macromolecules segment represented a market share of 19.6% in terms of revenues in 2019 and is expected to grow at a CAGR of 1.7%.
- Because of its highly developed distribution channel industries, advanced processing capabilities, combined with a highly skilled workforce and growing R&D initiatives, the U.S. is among the leading countries in the market. Developing applications and strong demand encourage producers to concentrate on new technologies to expand the market.
- The Asia Pacific driven by China, India, and Japan’s production may record improvements in revenue with a CAGR of 2.1% by 2027 related to the growing infrastructure and increasing demands for high-quality concrete mix in the region. Rapid urbanization along with raw material availability and cheap labor has led to considerable expansion in the construction of buildings, which is the main driving factor
- Manufacturers make the distinction of their products based on quality and price, taking into account characteristics such as quality and level of purity. The players are focusing on developing multifunctional applications.
- Key participants include Borregaard LignoTech, Rayonier Advanced Materials, Domtar Corporation, Asia Lignin Manufacturing Pvt. Ltd., Northway Lignin Chemical, Green Value, Aditya Birla Group, Liquid Lignin Company LLC, Nippon Paper Industries Co., Ltd., and The Dallas Group of America, Inc. among others.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/lignin-market
For the purpose of this report, Reports and Data have segmented into the global Lignin market on the basis of product, source, application, and region:
Product Outlook (Revenue, USD Million; 2017-2027)
- Kraft Lignin
- Organosolv Lignin
Source Outlook (Revenue, USD Million; 2017-2027)
- Kraft Pulping
- Cellulosic Ethanol
- Sulfite Pulping
Application Outlook (Revenue, USD Million; 2017-2027)
- Dye Stuff
- Concrete Additives
- Animal Feed
Regional Outlook (Revenue, USD Million; 2017-2027)
- North America
- Asia Pacific
- Latin America
Reasons to purchase this report:
- The industry analysis report offers actionable insights into the global Lignin industry and discusses the major growth propellers, limitations, opportunities, and challenges existing in the market.
- The report closely investigates the present and historical market scenarios to help readers predict the market situation over the next seven years.
- The report systematically profiles the leading companies operating in the Lignin market, and, at the same time, highlights their long-term business expansion strategies.
- In-depth scrutiny of the Lignin business landscape with accurate market projections for the forecast period.
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