Demand for Kraft Lignin as a Foam in Fire Extinguishers for Making Activated Charcoal Expands with 1.5X Times : Fact.MR
Demand for Kraft Lignin as a Foam in Fire Extinguishers for Making Activated Charcoal Expands with 1.5X Times : Fact.MR
Published by top news
Posted on August 2, 2021
Lignin, which is the second most abundant renewable biopolymer found in nature has gained traction over the years as a bio-based alternative for petroleum-based raw materials. It is primarily used in the synthesis of Vanillin, Carbon Fiber, Phenol, and BTX. Besides, elevating consumption of lignin in oil well drilling fluids, concrete, and agriculture chemicals is set to drive the global lignin market over the forecast period.
Global lignin market is forecast to reflect sluggish growth under 3% during the forecast period. Lignosulphonates among all products of lignin are well-positioned to continue their reign throughout the forecasted timeframe, with close to three fourth of the overall lignin consumption by 2029, reveals Fact.MR in a recently published report on global lignin market. As per the report, global lignin market is forecast to surpass US$ 900 Mn by 2029.
“Global trend of replacing non-renewable petroleum products with bio-based polymers has shifted consumers’ priority towards consumption of lignin. This has created immense opportunity for consumption of bio-based lignin in numerous untapped applications.” -says a Fact.MR analyst.
Key Takeaways of Global Lignin Market
Macromolecules segment among all applications of lignin is well positioned to continue dominating the demand pie with close to two third of the overall lignin consumption by 2029
Amongst lignin products, Lignosulphonates accounted for the largest market share in 2019, owing to numerous applications of Lignosulphonates in synthesis of Vanillin, and other petroleum aromatics
Demand for Kraft lignin as a foam in fire extinguishers for making activated charcoal and other niche applications, is anticipated to increase by 1.5X times from 2019 to 2029
Europe is expected to maintain its reign in terms of demand, accounting for around one third of global lignin demand
North America is a matured market for lignin, and is anticipated to have moderate growth over the forecast period. Increased R&D for use of lignin in untapped applications is forecast to drive the lignin market in North America
East Asia is forecast to be the fastest growing region, growing at a CAGR of just over 4% in the long term forecast
Global lignin market is consolidated in nature, dominated mainly by Borregaard LignoTech, which nearly accounts for half of the overall market share
For clearer understanding of the Lignin Market, analysts have segmented the market. The segmentation has been done on the basis of application, technology, and users. Each segment has been further explained with the help of graphs figures. This breakdown of the market gives the readers an objective view of the global Lignin Market, which is essential to make sound investments.
Product Type
Lignosulfonate
Kraft Lignin
Others
Application
Concrete Admixture
Animal Feed Binders
Dye Stuff
Others
Region
North America
Latin America
Europe
East Asia
South Asia & ASEAN
Oceania
Middle East & Africa (MEA)
Following Questions Answers Covered in the Report are:
How will the global Lignin Market perform during the forecast period? What will be the market size in terms of value and volume?
Which segment will drive the global Lignin Market? Which regional market will show extensive growth in the future? What are the reasons?
How will the market dynamics change because of the impact of future market opportunities, restraints, and drivers?
What are the key strategies adopted by players to sustain themselves in the global Lignin Market?
How will these strategies influence the market growth and competition?
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Lignin, which is the second most abundant renewable biopolymer found in nature has gained traction over the years as a bio-based alternative for petroleum-based raw materials. It is primarily used in the synthesis of Vanillin, Carbon Fiber, Phenol, and BTX. Besides, elevating consumption of lignin in oil well drilling fluids, concrete, and agriculture chemicals is set to drive the global lignin market over the forecast period.
Global lignin market is forecast to reflect sluggish growth under 3% during the forecast period. Lignosulphonates among all products of lignin are well-positioned to continue their reign throughout the forecasted timeframe, with close to three fourth of the overall lignin consumption by 2029, reveals Fact.MR in a recently published report on global lignin market. As per the report, global lignin market is forecast to surpass US$ 900 Mn by 2029.
“Global trend of replacing non-renewable petroleum products with bio-based polymers has shifted consumers’ priority towards consumption of lignin. This has created immense opportunity for consumption of bio-based lignin in numerous untapped applications.” -says a Fact.MR analyst.
Key Takeaways of Global Lignin Market
Macromolecules segment among all applications of lignin is well positioned to continue dominating the demand pie with close to two third of the overall lignin consumption by 2029
Amongst lignin products, Lignosulphonates accounted for the largest market share in 2019, owing to numerous applications of Lignosulphonates in synthesis of Vanillin, and other petroleum aromatics
Demand for Kraft lignin as a foam in fire extinguishers for making activated charcoal and other niche applications, is anticipated to increase by 1.5X times from 2019 to 2029
Europe is expected to maintain its reign in terms of demand, accounting for around one third of global lignin demand
North America is a matured market for lignin, and is anticipated to have moderate growth over the forecast period. Increased R&D for use of lignin in untapped applications is forecast to drive the lignin market in North America
East Asia is forecast to be the fastest growing region, growing at a CAGR of just over 4% in the long term forecast
Global lignin market is consolidated in nature, dominated mainly by Borregaard LignoTech, which nearly accounts for half of the overall market share
For clearer understanding of the Lignin Market, analysts have segmented the market. The segmentation has been done on the basis of application, technology, and users. Each segment has been further explained with the help of graphs figures. This breakdown of the market gives the readers an objective view of the global Lignin Market, which is essential to make sound investments.
Product Type
Lignosulfonate
Kraft Lignin
Others
Application
Concrete Admixture
Animal Feed Binders
Dye Stuff
Others
Region
North America
Latin America
Europe
East Asia
South Asia & ASEAN
Oceania
Middle East & Africa (MEA)
Following Questions Answers Covered in the Report are:
How will the global Lignin Market perform during the forecast period? What will be the market size in terms of value and volume?
Which segment will drive the global Lignin Market? Which regional market will show extensive growth in the future? What are the reasons?
How will the market dynamics change because of the impact of future market opportunities, restraints, and drivers?
What are the key strategies adopted by players to sustain themselves in the global Lignin Market?
How will these strategies influence the market growth and competition?
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office: 11140 Rockville Pike Suite 400 Rockville, MD 20852 United States Tel: +1 (628) 251-1583
