Industry Overview
Global lignin market size is expected to reach 17,293.4 kilo tons by
2022, growing at a CAGR of 5.2% from 2015 to 2022. End use industries
include binders, animal feed, adhesives, concrete admixtures, bitumen,
phenols and vanillin. Growing demand for animal feed is anticipated to
drive the lignin market over the forecast period.
Increasing need for dust control is another key factor for lignin
market growth. Over the past few years it has been increasingly used as a
substitute to calcium carbonate as a dust collector. It is also mixed
with construction materials or solvents to form dust collector systems.
It is absorbed by the dust particle and bonds with the particulate
matter on a molecular level. In addition, research studies have shown
that these dust collectors in pavements have proved to be more effective
than its calcium carbonate counterparts.
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Lignin is being increasingly utilized as an additive in concrete as
it functions as an effective water reducer and controls the rheological
properties of the base material; this also increases the durability of
concrete resulting in lower maintenance cost.
Commercial extraction procedure is a traditional process which
results in low yield. There is a significant difference between yield
obtained commercially and conducted by research institutes. This large
gap between R&D and industries is expected to hamper market growth.
In addition, low consumer awareness regarding usage and benefits, on
account of minimal regulatory initiative may also challenge industry
participants.
Product Overview
Ligno-sulphonates accounted for over 10% of global lignin market
share in 2014; concrete industry growth in the U.S., China and India
owing to improvement of construction sector at domestic sector is
expected to drive demand.
Low purity lignin is majorly deployed as a bio-refinery catalyst
owing to low price compared to other products. Rising awareness towards
utilization of biomass for manufacturing fuels, chemicals and polymers
have increased the importance of bio-refineries. High manufacturing cost
along with lack of regulations pertaining to promote bio-refinery
developments in China, India and Middle East is expected to be a concern
and may negatively impact demand over the next seven years.
Kraft lignin market demand is expected to reach 128.8 kilo tons by 2022.
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Application Overview
Key applications include the manufacturing macromolecules which
accounted for 69.5% of global market volume in 2014. Application growth
of carbon fibers in construction and automotive industries as
lightweight materials is expected to increase the importance of
macromolecules. As a result, it is expected to find applications as an
intermediate. Other notable applications include catalysis, cosmetics,
photometry, glass manufacturing etc.
Regional Overview
Europe lignin market dominated global demand, accounting for over
38% of total volume in 2014. Regulatory push to restrict green house gas
emissions along with focus on bio-polymers in Germany, Netherlands,
France and Belgium is likely to drive demand.
North America followed Europe in 2014, accounting for over 34% of
global consumption. The U.S. EPA announced financial assistance to
promote industry growth of biopolymers as well as bio-refinery which is
expected to growth in the near future.
Asia Pacific lignin market demand was 2,252.3 kilo tons in 2014 and
is expected to reach 3,718.1 kilo tons by 2022, which China accounting
for over 50% of regional consumption.
Competitive Market Share
Key players occupying global lignin market share include Borregaard,
Tembec, Mead-Westvaco (MWV), Domtar Corporation, Asian and Aditya Birla
Group. Borregaard Lignotech was the leading manufacturer accounting for
over 40% of the global demand. The company offers products for
applications such as concrete admixtures, battery additives, carbon
black, dispersions, fertilizers, emulsions, gypsum boards, industrial
binders and so on.
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