Stratview Research has published a new report titled “Lignin Market” which is segmented by End-Use Industry (Construction, Agriculture, Animal Feed, and Others), by Product Type (Lignosulfonate, Kraft Lignin, and Others), and by Region (North America, Europe, Asia-Pacific, and the Rest of the World).
As per the study, the market is expected to grow from US$ 676 million in 2020 to US$ 810 million by 2026 at a CAGR of 3.1% during the forecast period of 2021-2026.
Based on primary interview results coupled with the study of recovery trajectories of previous downturns, it is anticipated that the market will cross its 2019 sales figure in 2021 only, marking consistent growth during the forecast period.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides a thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis –
Based on the product type
Lignosulfonate is expected to remain the dominant product type in the market during the forecast period.
The market is segmented as lignosulfonate, kraft lignin, and others. This is primarily due to a wide range of industrial applications for lignosulfonates, such as concrete admixture, dust suppressant and control, animal feed binders, crop protection, and fertilizer production.
Based on the end-use industry
Construction is expected to remain the largest segment of the market revenue share of more than 35% during the forecast period, owing to continuous growth in construction activities across the globe.
The lignin market is segmented as construction, agriculture, animal feed, and others. In addition to that, the increasing demand for lignin in concrete additives is further expected to boost the market growth during the study period.
Which Region is expected to remain the largest market?
Europe was the largest market for the consumption of lignin with a revenue share of more than 35% over the estimated period.
The presence of a large number of lignin producers, such as Domsjo Fabriker, Stora Enso, and Borregaard, in Europe, is one of the major factors behind the dominance of the region.
Asia-Pacific and North America are also likely to create sizeable opportunities in the coming five years, driven by an expected rebound in the construction industry and a strong expected economic rebound shortly.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, which will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players acting in the Lignin Market:
- The Borregaard Group
- Sappi Limited
- Domtar Corporation
- Stora Enso
- Domsjo Fabriker (Part of Aditya Birla Group)
- Ingevity
Key questions answered by the report.
- What is the projected CAGR for revenue from the Lignin Market during the forecast period?
- What would the market be valued at by 2026?
- What is a major driving factor for the growth of the market?
- Which region accounted for the largest revenue share in the Lignin Market?
- Which are the major market players?
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Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients insightful market data to aid strategic decision-making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.
