The global lignin market is projected to reach $1,216.5 million by 2028, at a CAGR of 4.5% during 2023-2028. The growth of lignin market is driven by increasing demand for concrete admixtures, growing preference for this product as an organic additive, and expanding demand for lignin as a renewable material used in many different industries.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the lignin market by source
(kraft lignin, organosolv lignin, ligno-sulphonates, and others), application
(concrete additive, aromatics, dye stuff, macromolecules, animal feed,
absorbents, and others), and region (North America, Europe, Asia Pacific, and
the Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the lignin market?
Q.4 What are some
changing demands of customers in the lignin market?
Q.5 What are the new
developments in the lignin market? Which companies are leading these
developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this lignin area and how big of a threat
do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this lignin market?
Market Segmentation:
Based on source, the
lignin market is segmented into ft lignin, organosolv lignin,
ligno-sulphonates, and others. The kraft lignin segment accounted for the
largest share of the market in 2023 and is expected to register the highest
CAGR during the forecast period, due to the growing use of eco-friendly
building materials in the construction industry and increasing demand for kraft
lignin in the paper industry owing to its thermal stability, water resistance,
and UV resistance.
Europe will remain the
largest region due to the huge demand for bio-based products and the presence
of key marketplace for the aerospace and automotive industries in the region.
Key Players in the
lignin market are Stora Enso, West Fraser, UPM Biochemicals, Sweetwater Energy,
BorregaardLignoTech, Rayonier Advanced Material, and DomsjoFabriker.
The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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