Global Lignin Market is expected to grow between 2.3% and 2.5% over the forecast period from 2016 to 2021. Lignin is a constituent of cell walls of almost all dry plant cell walls. It is one of the most abundant natural polymers available in the world. Lignin lends rigidity and do not rot easily hence they have high importance in the formation of bark. Lignin forms an excellent source of fuel as lignin’s yield more energy than cellulose.
The Global Lignin Market is expected to be primarily driven by Factors such as multiple industry applications, growing demand for bio-based fuels and growing government support. However, the growth in Global Lignin Market is likely to be hampered by factors such as High production costs lack of technological advancements and Environmental issues .The commercial usage of lignin presents significant market potential of lignin in the world market.
Kraft lignin is largely used for fuel purpose in the commercial applications. Lignin holds a capacity to become a source of renewable energy.
Geographic Coverage and Analysis:
Among the geographies North America is expected to be the largest market for Lignin Market over the Forecast period from 2016 to 2021 .
The Global Lignin Market is segmented on the basis of product types and applications. The product types covered include Lignosulphonate, Kraft Lignin, Organosolv, and Others. On the other hand the lignin market by applications covers Concrete Additives, Dye Stuff, Animal Feed and Others. Furthermore, among the Application, Concrete Additives segment is expected to grow at a substantial CAGR over the Forecast period from 2016 to 2021 .The report covers the analysis of global as well as regional markets of Lignin Market
The key players profiled in the report include
- BORREGAARD LIGNOTECH
- CHANGZHOU SHANFENG CHEMICAL INDUSTRY CO LTD
- DOMSJÖ FABRIKER AB
- DOMTAR CORPORATION
- LIGNOL ENERGY CORPORATION
- HUBEI ZHENGDONG CHEMICAL CO LTD
- MEADWESTVACO CORPORATION
- TEMBEC INCORPORATION
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