Lignin Market Overview:
The worldwide lignin market is predicted to cross 1.84 million tons by the end of year 2022. Lignin bonds at an atomic level with any solvent or constituent and is easily absorbed by the product. Thus, it is utilized in broad range of end applications that includes adhesives, bitumen, animal feed, admixtures, phenols, binders and vanillas. Rising demand for animal supply is predicted to increase the demand for lignin during the forecasted period.
The product use is the main ingredient in concrete admixtures and cement is predicted to enhance its quality and functions. It has been achieving reputation due to its potential uses in carbon fibers, BTX, vanillin and BTX. Further, due to its biological origin, lignin has been accepted for use in the manufacture of emulsifier, insecticides, heavy metal sequestrate and pesticides.
Lignin has been gaining popularity in last some years due to its high market potential prospects in applications like bio-refineries, dispersants and carbon fibers. Property of natural oxidant of the item permits it to be used in topical as well as in cosmetic formulations. Ligno-sulphonate which contains cosmetics is being created for its decorative uses on skin as well as in different personal care applications.
Lignin Market By Product:
Ligno-sulphonate was the biggest product section contributing about more than eighty five percent of the worldwide market share in year 2014. The reason being its large scale use in various applications used for producing aromatics and macromolecules. During last few years, the ligno- sulphonate market has developed at a fast pace due to its large scale use in manufacture of livestock, concrete admixture and dust controller.
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A higher grade that includes high purity, Kraft and organosolv are expected to observe largest market growth. Lesser penetration of these grades due to its limited output and utility owing to the high costs led to slow growth of the global lignin market during the last few years. However, introduction of various kinds of varieties within the items is predicted to offer great opportunities for the growth of the industry. Requirement and demand for Kraft lignin is predicted to be more than 188 kilo tons by the end of year 2022.
Sulfur free lignin is utilized as additive in bio fuel. Growing customer consciousness has led to an ever growing demand for bio dependent items in Europe that is predicted to boost the growth of the lignin market during the estimated period. Further, well build automobile manufacturing sector as well as chemical section in this region is predicted to fuel the industry growth in this region.
Lignin Market By Application:
Lignin was mainly used for producing macromolecules which exceeded 67% of the worldwide market size in year 2014. Growing utilization of the carbon fibers in automobile sector as well as construction sector as a lightweight material is predicted to enhance the significance of macromolecules. Due to this, it is predicted to find its use as an intermediate for manufacture of carbon fibers.
Lignin Market in aromatics was 225 million US dollars in year 2014. It is expected to observe significant growth during the estimated period. Regulatory preference towards reduction of carbon emissions plus growing consciousness to achieve advantages of carbon has forced polymer producers to enhance the expenses on the growth of naturally derived raw substances. Due to this, the item is expected to be used as an intermediate for manufacture of vanillin ,BTX, phenol resins and phenol. Growing bio- dependent polymers sector in light of increasing consciousness towards emissions of GHG is predicted to propel the demand for aromatics production globally during the estimated time span.
Lignin Market By Market Potential :
Today, commercial business utilization of lignin is limited only to production of macromolecules while its true key market potential lies in producing aromatics still in its growth phase. Intensive research & development is carried on supercritical de polymerization method used in production of monomer phenol composites. This method is already in use for deriving fatty acids, bioactive compounds, lipids and necessary oils from biological sources. The industry potential for phenol applications is predicted to grow at CAGR growth rate of 4% during the estimated period.
Activated carbon can be produced from lignin possessing different applications comprising cleansing of harmful air and water emissions. Activated carbon is eco friendly and has tremendous future significance and value.
Lignin Market By Region:
The sub continent of North America and continent of Europe led the worldwide Lignin Market . Both these regions together contributed for more than seventy percent of the market share in year 2014 in terms of market size. Regulatory inclination towards limiting of carbon emissions combined with robust production base of bio polymers in countries like Holland, Germany, Belgium and France is predicted to propel the demand for lignin in this region and contribute towards large scale growth of lignin market in these regions.
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Changing trends and preferences among the chemical producers in USA towards use of bio dependent raw material for producing the items is predicted to promote the use of bio refinery and propel the demand as a catalyst in coming years. The growth of construction sector in countries like Mexico, USA and Canada is predicted to propel the demand for cement and concrete. This in turn is expected to compel the producers to enhance their manufacturing capabilities and thus promote the growth of the lignin market in these regions.
The lignin market of APAC region is predicted to observe significant growth during the estimated period. Demand for lignin in this region had crossed 231 kilo tons in year 2014. Growing trends towards product creation with the help of bio based sources is predicted to stimulate the demand for lignin during the forecasted period. Further, presence of robust paper & pulp manufacturing sector in this region is predicted to increase the production of lignin in this region.
Competitive Landscape:
Firms like Aditya Birla, Borregaard and Tembec led the worldwide lignin firm market share in year 2014. Borregaard Lignotech was the leading producer of lignin in year 2014. This firm provides items for various uses that includes carbon black, battery additives, emulsions, water treatment, industrial cleaners, concrete admixtures, fertilizers, dispersions, industrial binders, gypsum boards, ceramics and agricultural chemicals.
Key market players profiled in the market report includes Tembec, Borregaard LignoTech, Domtar Corporation, Mead-Westvaco, Asian Lignin Manufacturing Private Limited, Green Value SA, Aditya Birla Group, Changzhou Shanfeng Chemical Industry Company, Northway Lignin Chemical, Lenzing A.G., Metsa Group, Liquid Lignin Company LLC, The Dallas Group of America Incorporation, Nippon Paper Industries Corporation Limited and Fibria.
Key industry participants are carrying out research and development activities to enhance the production of lignin in order to grow its scope of application worldwide. Recent research studies have displayed that the product application in animal feed and nutrient segment is likely to enhance the efficacy of the livestock, thus improving the quality and output of food and grains.
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