New York, NY, September 10, 2015 --(PR.com
)-- DecisionDatabases.com’s latest report on “Global Lignin Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2021” forecasts the market to grow at the CAGR of 2.5% and cross US$ 915.5 million by 2021. The Global Lignin Market in 2014 was US$ 775.5 million.
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In the era of sustainability and ecological enhancement many materials and technologies are playing a key role. One among these is lignin.Lignin produces useful by-products such as vanillin, resins, phenol, carbon fibres and biofuels after degradation.Of the total global lignin market lignosulphonate holds maximum share in terms of production. Lignin market is relatively niche being at the beginning of the industry curve. The market witnessed technological advancements with increasing investments in R&D and collaborations among various players for sustainable developments.
Geographically, North America and Europe account for the highest production volume. The report analysts sees the recent move of Borregaard and Sappi to enhance its lignin production by 20,000 tonnes, as the company’s strategy to meet the demands from the emerging markets of Asia, the Middle East and Africa.The report provides comprehensive analyses of the DRO’s, value chain analysis and annual estimates for 2015, and forecasts for the period 2016 to 2021.The report mentions the financial and strategic plans along with the complete profiles of the key players in the Lignin industry.
The government’s initiatives and aids will play a major role in the growth of global lignin market. The recent grant of US$ 4 million by US energy department for research projects involving lignin supports the aforesaid fact.
This report on global lignin market segments the market based on the product types as lignosulphonate (lignosulfonate), kraftlignin, and others (includes organosolv) and by application asconcrete additives, animal feed, dyestuff and others (including cosmetics, absorbents, etc.). The lignin consumption as animal feed is expected to show the highest growth rate of 3.1 % from 2014 to 2015.The global lignin market is analysed across major geographies such as North America, Europe, Asia Pacific, Latin America and MEA.
For business specific and region specific research reports on Lignin Market visit us at: http://www.decisiondatabases.com/ip/46-lignin-market-research-report
Segmentations in Report
Lignin By Products:
Others (Including Organosolv, etc.)
Lignin By Applications:
Others (Including Cosmetics, Absorbents, etc.)
Lignin By Geography:
· Alm India
· Changzhou Shanfeng Chemical Industry Co Ltd.
· Cimv (CompagnieIndustrielle de la MatièreVégétale)
· DomsjöFabriker AB
· Domtar Corporation
· Hubei Zhengdong Chemical Co Ltd.
· Lignol Energy Corporation
· Meadwestvaco Corporation
· Tembec Incorporation
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