Lignin Market to Reflect Impressive Growth of USD 913.1 Million by 2025

The growing environmental concerns regarding air pollution and associated health hazards have been the major factors driving market growth. The growing demand for dust control in residential, commercial, and industrial sectors is expected drive growth further over the forecast period.

The Global Lignin Market is expected to reach USD 913.1 million by 2025, according to a new report by Grand View Research, Inc.

Increasing rate of air pollution has been a growing environmental concern on a global scale over the past few decades, affecting residential, commercial, transport, agricultural, storage and logistic sectors. In addition, air pollution has resulted in rising occurrences of respiratory illnesses as well as increasing number of accidents due to smog.

Traditionally, calcium chloride was used to control dust on roads which proved to be expensive over the duration of time owing to its increasing demand from other end-use applications including paper and construction. Over the past few years’ the product is being increasingly used as a substitute to calcium carbonate as a dust collector.

The organosolv lignin segment is expected to witness the highest growth over the coming years, at an estimated CAGR of over 5% from 2016 to 2025. Increasing demand for manufacturing various potential products including activated carbon, carbon fiber, phenol derivatives, vanillin and phenolic resins is expected to boost organosolv lignin demand over the next nine years.

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In addition, the rising R&D activities and investments related to the product in developing countries, including India and China, is expected to boost organosolv lignin demand over the forecast period. Further growing instances of smog in the country coupled with rising need to curb this environmental hazard is expected to drive demand.

Top Players of Lignin Market:

Key industry players include Borregaard Lignotech, Tembec, Domtar Corporation, and Green Value SA.

Market Segmentation of Lignin Market:

The Global Lignin Market Segmented on the basis of Product and Application.

By Production:

Ligno-sulphonates
Kraft lignin
Organosolv lignin

By Application:

Macromolecules
Aromatics

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