Lignin Market Size to Exceed $6.0 Billion by 2022: Radiant Insights, Inc.
(firmenpresse) - SAN FRANCISCO, CA -- (Marketwired) -- 10/28/15 -- Global size is expected to exceed USD 6 billion by 2022, growing at 4.9% from 2015 to 2022. Rising demand for animal feed and potential as a feedstock substitute to crude oil are expected to drive lignin market demand over the forecast period.
Lignin has been gaining popularity owing to the potential applications including vanillin, carbon fibers, phenol and BTX. Owing to its biological origin, it has been approved for use in production of insecticides, pesticides, emulsifier and heavy metal sequestrate. Increasing lignin use, as a key constituent in cement and concrete admixtures, to improve their quality and operational life is also expected to play a critical role in demand evolution.
Strong R&D focus by industry participants, to explore and commercialize lignin downstream applications is likely to offer opportunities over the next seven years.
Global lignin market demand was estimated at USD 4,222.1 million in 2014 and is expected to reach USD 6,190.5 million by 2022, growing at 4.9% from 2015 to 2022.
Low-purity grade lignin accounted for over 85% of overall global volume in 2014, and is expected to witness strong demand over the forecast period, due to high usage as a catalyst in biorefineries.
Macromolecules applications dominated the global lignin volumes in 2014, with over 69% of total share; demand for these applications is expected to be drive by the growing market for carbon fibers and polyurethane foams.
While aromatic applications are relatively at a nascent stage, they account for over 52% of global revenues, owing to the use of the more expensive high-purity lignin. Volume demand for these applications is expected to grow at a CAGR of 5.7% over the forecast period.
Europe lignin market dominated the industry in 2014, accounting for over 38% of global volume. Favorable regulatory framework promoting lignin use in commercial applications is expected to drive demand in the region.
Asia Pacific is expected to witness significant gains over the forecast period driven by high infrastructure spending and strong demand for automotive and consumer electronics. Easy raw material supply and low production costs are expected to strengthen lignin manufacturing in the region over the forecast period.
The global lignin market is characterized by integration at various levels of the value chain. Numerous participants such as including Borregaard, MWV, and Green Value are integrated across the value chain. These companies are engaged in lignin production which is used as captive consumption for manufacturing a range of products including aromatics, binders and dispersing agents.
Low-purity lignin
Ligno-sulphonates
Kraft lignin
Others
Macromolecules
Aromatics
North America
U.S.
Europe
Germany
France
Latin America
Brazil
Asia Pacific
China
India
MEA
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
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Datum: 28.10.2015 - 09:00 Uhr
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