Industry Insights
[185+ Pages PDF Report] Global Lignin market in 2019 was around USD 950 Million. The market is expected to grow at a CAGR of 2% and is anticipated to reach around USD 1300 Million by 2026.
This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the Lignin industry. The report analyzes and declares the historical and current trends analysis of the Lignin industry and subsequently recommends the projected trends anticipated to be observed in the Lignin market during the upcoming years.
The Lignin market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire Lignin market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Kilo Tons) and value (USD Million) from FY 2016 – 2026.
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Lignin industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Lignin industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Lignin market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Lignin industry. The Lignin market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Lignin sector. Key strategic developments in the Lignin market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Lignin market are appropriately highlighted in the report.
Lignin is an organic element that binds together the cells and fibers found in wood and it is considered the most renewable source of carbon on Earth after cellulose. They are cross-linking phenolic polymers according to the chemical properties it possesses. Lignin does not have a definitive chemical structure, because all lignins exhibit some differences in their chemical composition. Owing to the increasing tendency for the use of lignin as a burning fuel and its use in various applications such as adhesives, dispersants, and binders, the demand for lignin is expected to improve over the forecast period. Rapid industrialization and rising demand for vehicles and electrical goods are seeing a substantial rise in demand for the lignin industry.
The Lignin market research report delivers an acute valuation and taxonomy of the Lignin industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the Lignin industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the Lignin industry is provided for the leading economies of the world.
The Lignin market is segmented based on Type and Application. On the basis of type segmentation, the market is classified into Kraft Lignin, Lignosulphonates, Low Purity Lignin. In terms of Application segmentation, the market is bifurcated into Aromatics and Macromolecules.
Top Market Players
Some of the essential players operating in the Lignin market, but not restricted to include Borregaard LignoTech, Rayonier Advanced Materials, Domtar Corporation, Domsjo Fabriker AB (Aditya Birla), Stora Enso Oyj, Burgo Group Spa, Changzhou Shanfeng Chemical Industry Company, The Dallas Group of America, Inc, Liquid Lignin Company, Nippon Paper Industries Co. Ltd, Metsa Group, Fibria Celulose S.A, Ingevity Corporation, Sigma Aldrich, West Fraser, and Others.
The taxonomy of the Lignin industry by its scope and segmentation is as follows:
Global Lignin Market: By Type Segmentation Analysis (Customizable)
- Kraft Lignin
- Lignosulphonates
- Low Purity Lignin
Global Lignin Market: By Application Segmentation Analysis (Customizable)
- Aromatics
- Macromolecules
Global Lignin Market: Regional Segmentation Analysis (Customizable)
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
KEY REPORT POINTERS & HIGHLIGHTS:
- Statistically Validated Analysis of Historical, Current, and Projected Industry Trends with Authenticated Market Sizes Information and Data in terms of Value and Volume, wherever applicable
- Direct and Indirect Factors that Impacted the Industry as well Projected Rationales expected to affect the industry going forward
- Micro, Meso, Macro, and In-Depth Analysis of Technically relevant and Commercially viable Segments and Sub-segments of the Market
- Historical and Projected Company / Vendor / OEM / Supplier Market Shares, Competitive Landscape, and Player Positioning Data
- Historical and Current Demand (Consumption) and Supply (Production) Scenarios as well as Projected Supply-Demand Scenario Analysis
- Detailed List of Key Buyers and End-Users (Consumers) analyzed as per Regions and Applications
- Value Chain and Supply Chain Analysis along with Horizontal and Vertical Integration Scenarios
- Manufacturing and Production Cost Structure Analysis including Labor Cost, Raw Material Expenses, and Other Manufacturing Expenses, wherever relevant
- Overview of Key Marketing Strategies and Key Sales Channels Adopted in the Market
- Market Attractiveness Analysis and Key Investment Opportunity Analysis in the Market going forward
- Technological Roadmap, Patents Analysis, Potential Substitutes, and Technical Analysis
- The professionally substantiated market research report study is calculated, constructed, and assembled by implementing a Robust Research Methodology. The Triangular Process comprises a buoyant mix of Exhaustive Primary Research (focused interviews, questionnaires, and ad-hoc surveys) and Extended Secondary Research (paid external databases, proprietary in-house database, and publically-available validated sources), where it is finally triangulated and validated through in-house industry experts, industry leaders, and independent consultants through a tri-level quality check practice.
Table of Content
Key Insights from Primary Research
- As per the analysis done by our primary respondents, the Lignin market is set to grow annually at a rate of around 2%.
- Through these primary analyses, it was established that the Lignin market was valued at around USD 950 Million in 2019.
- The “Lignosulphonates” category, based on type segmentation, is expected to dominate the market in the year 2019.
- Based on application segmentation, the “aromatics” category is anticipated to show dominance in the market.
- Based on regional analysis, the region of North America is estimated to show dominance in the market owing to the shifting trend of customers from chemical-based products to bio-based products.
Key Recommendations from Analysts
- As per our analysts, the lignin market is anticipated to propel over the years to come as there is a shift of trend of the consumers for bio-refined products.
- As the market is growing at CAGR of around 2%, there are abundant opportunities for the shareholders in investing the market for profitable gains in the forecasted period.
- Through R&D, prominent players are coming up with new alternatives by giving multiple options for the users, in order to encourage people for using bio-based materials.
- Huge opportunities for investments in the region of Asia Pacific owing to its growing economies and interventions from the governments of these countries in encouraging bio-based industries to reduce the environmental impact by chemical-based products.
- Our analysts have identified “Kraft Lignin” as the leading investment pocket for the Lignin market in terms of type segmentation respectively.
Market Attractiveness – By End-User
Industry Major Market Players
- Borregaard LignoTech
- Rayonier Advanced Materials
- Domtar Corporation
- Domsjo Fabriker AB (Aditya Birla)
- Stora Enso Oyj
- Burgo Group Spa
- Changzhou Shanfeng Chemical Industry Company
- The Dallas Group of America Inc
- Liquid Lignin Company
- Nippon Paper Industries Co. Ltd
- Metsa Group
- Fibria Celulose S.A
- Ingevity Corporation
- Sigma Aldrich
- West Fraser
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