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 Rest of the World).
As per the study, the market is likely to rebound at a promising CAGR of 3.1% during 2021-2026 to reach US$ 810 Million in 2026.
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 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 end-use industry, the lignin market is segmented as construction, agriculture, animal feed, and others. Construction is expected to remain the largest segment of the market during the forecast period, owing to continuous growth in construction activities across the globe. In addition to that, the increasing demand for lignin in concrete additives is further expected to boost the market growth during the study period.
Based on the product type, the market is segmented as lignosulfonate, kraft lignin, and others. Lignosulfonate is expected to remain the dominant product type in the market during the forecast period. 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.
Which Region is expected to remain the largest market?
In terms of region, Europe is expected to remain the largest market for lignin during the forecast 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 in the near future.
Who are the Key Players in the Market?
This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that 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 activen in the Lignin Market:
The Borregaard Group
Domsjo Fabriker (Part of Aditya Birla Group)
Key questions answered by the report
What is the projected CAGR for revenue from the Lignin Market during the forecast period?
What would be the market be valued at by 2026?
What is a major driving factor for growth of the market?
Which region accounted for largest revenue share in the Lignin Market?
Which are the major market players?
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