Global Lignin Market Analysis, Share, Size, Value, Growth, Trends and Forecasts to 2020: Hexa Research

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....