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Lignin Market to accrue considerable returns from to garner massive remuneration by 2024, applications in adhesives, binders and concrete admixtures to drive the industry progression

Author : Rahul Sankrityayan | Published Date : 2019-04-10 

Global Market Insights, Inc. has released a new research report on “Lignin Market” to their offering. The report features in-depth analysis of the market with a focus on growth drivers and inhibitors, key market trends and issues, opportunities and challenges, current industry activities, product innovations, facts & estimates. It also gives the forecast for the predicted time frame, key participants, extensive product and geographic coverage.

Rising air pollution levels in cities and industrial areas along with need for dust control should accelerate industry growth. Increasing usage of lignin in binders, adhesives and concrete admixtures is expected to drive product demand. They are essentially used as an additive, dispersant and binder opening up new avenues in diverse and niche market.

Request for a sample of this research report @ www.gminsights.com/request-sample/detail/181

Growing demand for dispersants due to increasing number of automotive and concrete industries primarily in Europe and North America should boost product demand. Growing investment by government authorities to develop roads, highways and railways due to rise in construction spending should promote product demand.

Stringent regulatory regimes in North America and Europe pertaining to use of bio based and eco-friendly products should promulgate industry growth. Growing environmental concerns regarding use of synthetic products which are non-biodegradable, highly toxic in construction and dust control applications should bolster industry growth.

Raw material to extract lignin are woods, though production of timber has been increasing in the recent years but with growing environmental concern government has curbed use, export, import and sales of timber-based products which may hamper industry growth. Technological advancements with increasing R&D spending by manufacturing companies should drive industry growth.

Make an inquiry for purchasing this report @ www.gminsights.com/inquiry-before-buying/181

Aromatic lignin market size will register gains at over 4.5% by 2024. These products are used in the production of phenol derivatives, which finds application in cosmetic and skin care industries. Increased product usage in surfactant, phenolic & epoxy resins and adhesive industries have further enhanced market growth.

Wood is the prominent raw material used in the lignin production process. Processing cost along with technological advancement in production processes will hinder lignin market price trend. Complex 3-D heterogeneous chain structure of the product has resulted in low yield of end-use products, which has led to the usage of costly technologies, impacting the overall industry profitability. 

Low purity lignin market size will surpass USD 800 million during the projected timespan. The product is used as a catalyst in bio-refinery. Superior characteristics including low molecular weight, sulfur free and has a narrow molecular weight distribution along with high availability in economical rates and numerous applications in bio-refinery as feedstock, should catalyze industry growth.

Lignosulfonates market size will exceed USD 95 million by 2024 as it finds application in carbon black, dyes and pesticides. These products can decrease the viscosity of slurry by minimizing the amount of water used in the production of cement, thus driving lignin market demand in construction industries.

Browse Complete Report Summary @ www.gminsights.com/industry-analysis/lignin-market

China lignin market size is likely to register growth close to 6% during the projected timespan. Growing trends towards the development of bio-based materials along with increasing pulp & paper manufacturing industry in China will accelerate product demand in the region.

Carbon fiber is used in various applications such as aircraft, pressure vessels, satellites, sports equipment and wind turbine components. High cost of carbon fiber due to expensive polyacrylonitrile (PAN) polymer precursor, has led to an urgency to replace it with lignin, thus enhancing product demand.

Key manufacturers in this industry space include Rayonier Advanced Materials, Domtar Corporation, Borregaard LignoTech, Nippon Paper Industries, Ingevity Corporation, Metsa Group, and Burgo Group.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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