Lignin Market to cross 1.5 million tons in volume by 2024
Lignin Market to cross 1.5 million tons in volume by 2024
Kraft lignin market is projected to reach at over USD 15 million by 2024 as it is widely used in manufacturing insecticides and dyes. Low purity lignin market size will surpass USD 800 million during the projected timespan.
SELBYVILLE, Del., April 26, 2018 /PRNewswire-iReach/ -- North America, with steady growth in the U.S. lignin market should surpass 560 kilo tons during the forecast period. Shifting inclination towards energy efficient building projects along with rising construction spending has resulted into increased product demand in the region. The product is widely used as bio-fuel and supporting guidelines related to the product will further surge industry growth.
Lignin Market size is set to surpass USD 960 million by 2024. Growing environmental concerns owing to air pollution along with technological advancement in bioenergy or biofuel will drive lignin market size. Increased usage of concrete admixtures in concrete owing to properties such as water reduction has promoted product demand in construction sector. Widespread application outlook in binders and adhesives have further catalyzed product demand.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/181
Favorable regulations by FDA and European Commission pertaining to the usage of lignosulfonates in animal feed will also promulgate lignin market growth. Shift in feed manufacturers concern towards the health of livestock has paved the way for animal industry where meat quality is of utmost significance, thereby enhancing product demand.
Aromatic lignin market size will register gains at over 4.5% by 2024. These products are used in the production of phenol derivatives, which finds application in cosmetic and skin care industries. Increased product usage in surfactant, phenolic & epoxy resins and adhesive industries have further enhanced market growth.
Wood is the prominent raw material used in the lignin production process. Processing cost along with technological advancement in production processes will hinder lignin market price trend. Complex 3-D heterogeneous chain structure of the product has resulted in low yield of end-use products, which has led to the usage of costly technologies, impacting the overall industry profitability.
Low purity lignin market size will surpass USD 800 million during the projected timespan. The product is used as a catalyst in bio-refinery. Superior characteristics including low molecular weight, sulfur free and has a narrow molecular weight distribution along with high availability in economical rates and numerous applications in bio-refinery as feedstock, should catalyze industry growth.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/181
France lignin market size will witness steady growth close to 4% during the foreseeable timeframe. Favorable norms by EU Commission pertaining to product usage in animal feed along with improving biotechnological extraction method, and growing demand for biochemical feedstocks may enhance production capabilities in the region.
Lignosulfonates market size will exceed USD 95 million by 2024 as it finds application in carbon black, dyes and pesticides. These products can decrease the viscosity of slurry by minimizing the amount of water used in the production of cement, thus driving lignin market demand in construction industries.
China lignin market size is likely to register growth close to 6% during the projected timespan. Growing trends towards the development of bio-based materials along with increasing pulp & paper manufacturing industry in China will accelerate product demand in the region.
Carbon fiber is used in various applications such as aircraft, pressure vessels, satellites, sports equipment and wind turbine components. High cost of carbon fiber due to expensive polyacrylonitrile (PAN) polymer precursor, has led to an urgency to replace it with lignin, thus enhancing product demand.
Key manufacturers in this industry space include Rayonier Advanced Materials, Domtar Corporation, Borregaard LignoTech, Nippon Paper Industries, Ingevity Corporation, Metsa Group, and Burgo Group. Industry players are focusing on R&D to develop and expand product range to cut down the product cost and making strategies such as mergers and acquisitions to strengthen regional presence and size up production capacities.
Browse key industry insights spread across 180 pages with 163 market data tables & 39 figures & charts from the report, "Lignin Market Size By Product (Lignosulphonates, Kraft Lignin, Low Purity Lignin), By Application (Macromolecules, Aromatics), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, France, Italy, UK, Poland, Russia, China, India, Japan, South Korea, Thailand, Australia, Malaysia, Brazil, Argentina, South Africa, UAE, Saudi Arabia), Lignin Downstream Potential (Carbon Fiber, Vanillin, Phenol, BTX), Price Trend, Competitive Market Share & Forecast, 2017 - 2024" in detail along with the table of contents:
https://www.gminsights.com/toc/detail/lignin-market
Browse Related Reports:
Acetic Acid Market Forecast, 2017 - 2024
Acetic Acid Market size was over USD 8.6 billion in 2016 and is estimated to witness a growth of 8.7% over the projected time span. Acetic acid acts as an intermediary for formulating coatings, greases, polyester, and sealants that have applications in diversified industries such as electronics, automotive, textiles, and packaging.
https://www.gminsights.com/industry-analysis/acetic-acid-market
Lactic & Polylactic Acid Market Forecast, 2017 - 2024
Lactic Acid Market size was above USD 1.65 billion in 2015 with gains expected at above 12.5%. Polylactic Acid (PLA) Market size was above 500 kilo tons in 2015 and is poised to grow at significant growth rate. Strong inclination towards recyclability, green packaging and should boost PLA market size growth. Growing application from industrial and personal care may promote lactic acid market size.
https://www.gminsights.com/industry-analysis/lactic-acid-and-polylactic-acid-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Media Contact: Arun Hegde, Global Market Insights, Inc., +13028467766, sales@gminsights.com
News distributed by PR Newswire iReach: https://ireach.prnewswire.com
SOURCE Global Market Insights, Inc.
