High Purity Lignin Market Segmentation By Product Type: Kraft Lignin | Organosolv
Report ID: PMRREP33222
Number of Pages: 306
Format: PPT*, PDF, EXCEL
Industry: Chemicals and Materials
Published Date: November-2022
In accordance with the recent study by PMR, the global high purity lignin market is estimated to be worth around US$ 26.5 Mn in the present year 2022. As per this market report, the overall demand for high purity lignin is poised to witness a CAGR of 5.8% for the next ten years finally taking the overall valuation up to US$ 46.5 Mn by the end of the year 2032.
The growing sales of high purity lignin in the global market may be attributed to a number of key factors, including the booming automotive sector and the ensuing rise in carbon fiber usage in industries. This product is also commonly used to produce the macromolecules needed to manufacture biofuels, bitumen, and catalysts for bio-refineries that would likely promote high purity lignin market opportunities during the projected timeline. The consumption of high purity lignin is expected to rise as natural and organic products for animal feed become more popular in agriculture and animal husbandry.
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Attributes |
Details |
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High Purity Lignin Market CAGR (2022 to 2032) |
5.8% |
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High Purity Lignin Market Size (2022) |
US$ 26.5 Mn |
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High Purity Lignin Market (2032) |
US$ 46.5 Mn |
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Traditionally lignin is used as a basic resource in the making of paper in addition to being an important raw ingredient in chemical industries. With the evolution of manufacturing processes and emphasis on the use of eco-friendly ingredients in the production of goods, the global high purity lignin business is getting highly profitable these days.
In the upcoming years, it is projected that the growing trend of burning lignin for usage in dispersants, binders, and adhesives would accelerate its sale. The demand for lignin is anticipated to be supported on a macro level by elements including increased infrastructure spending and rapid growth in the manufacture and sales of automotive, electronic gadgets, and appliances.
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Moreover, this natural chemical is developing as a sustainable alternative to petrochemicals since it is made from green waste materials. Several international and national initiatives to cut short the consumption of fossil fuels are also projected to increase the demand for high purity lignin in the international market.
Carbonfibers which are frequently used in automotive components, can be strengthened by the combination of chemically modified lignin and polyacrylonitrile. Unfortunately, a lack of knowledge of high purity lignin and its uses by many end-user verticals may have a negative effect on the future of this business. Nevertheless, the high purity lignin industry is projected to have a steady rebound over the following years due to the easing of limitations and resumed commercial operations in the automobile and other industries.
Which is the Highest Selling Product Type in the Global High Purity Lignin Market?
As per the analysis, by product type, the organosolv category is one of those that is predicted to surpass the net valuation of US$ 21 Mn by the year 2032. This possibility can be attributed to the growing popularity of a vast range of formulas for inks, pigments, and varnishes when this kind of filler is used.
In contrast to Kraft lignin, it is also employed with a wide range of PU materials. This wider application range in comparison to rival goods is expected to boost product demand and support the segment's further expansion.
What are the Major Sources for the Industries to Obtain High Purity Lignin?
Based on the source, given its high reactivity and other distinguishing qualities, softwood lignin is predicted to have a dominant market share of more than US$ 22 Mn by the end of the year 2032. Softwood source is also very useful in creating stabilized lignin fibers that are in higher demand among all the end-user verticals.
Furthermore, temperate softwoods are known to have a higher lignin content than any other source type making it very profitable for the high purity lignin manufacturers, consequently contributing to the incredible growth of the segment.
What are the Prominent Applications of High Purity Lignin that are driving the Market Revenue?
The global high purity lignin industry is segmented according to the range of applications of which, the phenol category is anticipated to have a CAGR of more than 6% through the projected years.
The pharmaceutical and medicine sector is the major driver for this segment and has wide application possibilities for the substance. In addition, the phenolic structure of high purity lignin has made it a viable substitute for several other safe chemicals, boosting its use in the manufacturing of many healthcare and cosmetic products.
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Attributes |
High Purity Lignin Market |
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CAGR (2022 to 2032) |
5.8% |
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Market Value (2022) |
US$ 26.5 Mn |
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Growth Factor |
Increasing manufacture of pulp and paper goods as well as industrial materials by key market participants. |
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Future Opportunities |
Regulations for limiting fossil fuel emissions combined with many economies’ significant emphasis on biopolymer’s industrial base. |
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Market Trends |
Companies have been forced to boost R&D for organically derived raw materials due to strict laws designed for earning carbon credits. |
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Attributes |
Fiber Cement Market |
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CAGR (2022 to 2032) |
4.5% |
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Market Value (2022) |
US$ 10.5 Bn |
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Growth Factor |
The rising need to reduce total carbon emissions from the building and construction sector and promotion of green infrastructure. |
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Future Opportunities |
Rapid economic improvement in emerging countries with a focus on spending more on infrastructure development and environment. |
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Market Trends |
The providers of raw materials are extremely important to the fiber cement producers having a stronghold over the market. |
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Attributes |
Advanced Carbon Material Market |
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CAGR (2022 to 2032) |
8.5% |
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Market Value (2022) |
US$ 22.3 Bn |
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Growth Factor |
Outstanding stiffness, high tensile strength, minimal thermal expansion, and good temperature tolerance have raised its demand. |
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Future Opportunities |
High-end car manufacturers invest more money in the development of ultra-light composites to provide qualities that improve fuel efficiency. |
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Market Trends |
Driving up prices for reinforced polymers in emerging nations' automotive and construction sectors to favor the market players. |
How will the United States Revive its High Purity Lignin Market Growth?
As per the analysis, by catering to more than 80% of the market demand for high purity lignin in the United States in the preceding years, the segment for sulphonated lignin was figured out to hold the largest market share. The industry is also anticipated to be supported by the developed Canadian market for the manufacture of pulp and paper.
Given the market restrictions and closures and a drop in output, trade, and consumption during the pandemic years, the automobile sector in particular suffered in the US indirectly dropping down the prevailing growth rate in the sales of commercial lignin. The sales of high purity lignin products are predicted to rise significantly, particularly in the United States, as a result of increased industrial activities and a booming construction sector.
What are the Opening Opportunities for the High Purity Lignin Market in Europe?
The overall value of the regional high purity lignin market in European nations together had a value of approximately US$ 20 Mn in the previous year and is anticipated to increase at a pace of more than 6.5% during the forecast period until 2032.
The supportive regulatory environment in the European Union for the commercial use of lignin in a wide variety of industrial applications is anticipated to play a significant role in the market's expansion in Germany, France including the UK. The regional market statistics in Germany are anticipated to be impacted by the growing usage of materials like carbon fiber in building and sporting goods.
How Japan will benefit from the Growing Demand for High Purity Lignin in the Asia Pacific Countries?
Asia Pacific is projected to be a lucrative market during the forecast period. In the region, Japan is anticipated to benefit from the growing tendencies toward the production of goods using bio-based materials.
The strongest trend for high purity lignin is projected in the Asia Pacific due to the region's rapid industrialization and growing demand for electronics and cars. Laboratory chemicals, vanillin, phenols, dispersants, and animal feed made of high-purity lignin are all in higher demand in many countries of Asia Pacific which would be supportive of the growth of the regional market in Japan.
Why does South Korea Seem to be a Lucrative Market for High Purity Lignin?
With promising economic growth coupled with a strong manufacturing and export market for automobiles and electronics devices South Korea holds a huge demand for high purity lignin. Thefavorable environment for support and growth of all types of industries in the country has encouraged many high purity lignin manufacturers to compete in the global market in recent years.
The rising sales of electronics and electrical are also expected to increase the need for materials like epoxy resins and adhesives, which may increase the sales of high purity lignin in South Korea, as a crucial component in their production.
Though there are several market participants who offer comprehensive services for commercial lignin and its uses some prominent players control a significant amount of the market size. For example, Nippon Paper manufactures paper and pulp and obtains lignin from the pulping procedure and also runs industrial estates and cultivates forests.
The importance of lignin is probably going to grow as a result of the decreased usage of crude oil that contains phenolic resins and carbonfibers. Additionally, the market participants are concentrating on R&D initiatives to make their products stand out and more acceptable in the present market. The expansion is also anticipated to be aided by expanding aromatic uses and considerable R&D by major high purity lignin businesses.
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Attributes |
Details |
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Forecast Period |
2022 to 2032 |
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Historical Data Available For |
2015 to 2021 |
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Market Analysis |
US$ Mn for Value |
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Key Countries Covered |
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By Market Segments |
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Key Companies Profiled |
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Pricing |
Available Upon Request |
High Purity Lignin Industry by Product Type
High Purity Lignin Industry by Source
High Purity Lignin Industry by Application
High Purity Lignin Industry by Region
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The global high purity lignin market was estimated at US$ 26.5 Mn in 2022.
The global high purity lignin market likely grow at a rate of 5.8% through 2032.
The global high purity lignin market is expected to garner US$ 46.5 Mn by 2032.
Asia Pacific is projected to be the best-performing regional high purity lignin market.
The organosolv category is expected to take a lead the high purity lignin market.
