Lignin Market
REPORT DESCRIPTION
Lignin (Lignosulfonates, Kraft lignin and Others) Market for
Concrete Additive, Animal Feed, Dye Stuff, and Other Applications Global Industry Analysis, Size, Share, Growth, Trends and Forecast
2015 - 2023
Transparency Market Research has published a new report titled “Lignin Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2023.” According to the report,
the global lignin market was valued at US$ 782.3 Mn in 2014 and is anticipated to reach US$ 985.5
Mn by 2023, expanding at a CAGR of 2.7% from 2015 to 2023. The global lignin market demand by
volume stood at 1115.4 Kilo Tons in 2014.
Increase in niche application of lignin in various fields such as building and construction,
agrochemicals, and paints and coatings is contributing to the growth of the global lignin market.
Functional properties offered by lignin is the major factor leading to high demand for lignin in the
market. Usage of lignin as a dispersant, binder, and emulsifying agent has attracted the attention of
major manufacturers in various end-user industries. Additionally, industrial expansion in developing
economies such as Asia Pacific is propelling demand for lignin across the globe. These factors are
likely to drive demand for lignin for applications such as concrete additive, animal feed, and dye stuff.
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Based on functional properties, the application of lignin is segmented into concrete additive, animal
feed, dye stuff, and others (including cosmetics and absorbents). Concrete additive held more than
45% share of the global lignin market in 2014. Animal feed was the second fastest growing market in
2014, led by increase in livestock farming activities in developing as well as developed economies. It
is expected to gain market share in the near future.
Rising demand for lignin in the paints & coatings industry for dye stuff is another factor contributing to
high demand for lignin globally. This segment is anticipated to record significant demand for lignin in
the near future. Others (comprising cosmetics and absorbents) was the fastest growing segment in
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