Global Lignin Market research report published by Stratview Research studies the latest Lignin industry aspects like market size, trends, opportunities, and strategies to boost growth, revenue, marketplace expansion, technological innovations, and more. The report covers the data from 2021-2026 for the sector. The report also provides a comprehensive overview of demand supply and key participants can consider the statistics, tables, and figures mentioned in this report for strategic planning which will lead to the success of the organization.
The recent report on the Lignin Market published by Stratview Research 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). This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Lignin Market. The historic years considered for the study are 2015-2018, the base year is 2019, the estimated year is 2020, and the forecast period is 2021-2026.
Impact of COVID-19 on Lignin Market
With COVID-19, the world is battling a health pandemic as well as an economic pandemic, virtually affecting trillions of dollars of income. Stratview Research brings to you high-level insights and in-depth details related to rapid modifications in top companies in each sector, growth and decline due to COVID-19, etc. The analysts at Stratview Research are constantly engaging with their clients and other key players of almost all industries, regarding the impact of COVID-19 on their businesses.
Market Insights
Lignin market is likely to rebound at a promising CAGR of 3.1% during 2021-2026 to reach US$ 810 Million in 2026.
Lignin is one of the most abundantly available biopolymers on earth and has been attributed as the most sustainable bio-resource. Lignin was traditionally used as a fuel for burning. However, over the past few years, manufacturers are exploring new revenue streams for lignin across different industrial applications like construction, agriculture, and animal feeds. Lignin producers have realized a significant number of commercialized as well as potential applications for different lignin-based materials including vanillin, carbon fiber, phenols, and bio-materials which can be further processed to be used as binders adhesives, dispersants, aromatics, etc.
Key players
Some of the major players operating in the global Lignin Market are-
- The Borregaard Group
- Sappi Limited
- Domtar Corporation
- Domsjo Fabriker (Part of Aditya Birla Group)
- Stora Enso
- Ingevity
Regional Trends
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 shortly.
Critical Questions Answered in the Report
- What are the key trends in the global Lignin Market?
- How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
- What is the impact of COVID-19 on the global Lignin Market?
- What are the key strategies adopted by the major vendors to lead in the global Lignin Market?
- What is the market share of the top vendors?
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