Forecast Report - Global Lignin Market Size, Share, Growth, Trends and Analysis to 2022: Acute Market Reports

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...