Albany, NY -- (SBWIRE) -- 04/08/2015 -- Forthcoming years will be very crucial for the global lignin market, as observed by industry experts. Rapid commercialization of cellulose-based products together with growing scope of application in biochemical industry and other niche segments is expected to drive the global market for lignin over the next couple of years. Until a few years ago, lignin was derived primarily as a by-product of the paper and pulp industry. Improvement in the technology of biotechnological extractions and growing demand for biochemical feedstock will create significant opportunities in the lignin market to enhance its production capacity in forthcoming years. Furthermore, the expansion of bio-refineries will also boost demand for lignin in the global market, creating major growth opportunities for the leading players in the market to capitalize on.

Depending on their level of purity, lignin is available in different types such as lingo-sulphonates, high-grade lignin, organosolv lignin, kraft lignin, and low purity lignin. It is mainly used as a raw material in construction, mining, animal feed, and agricultural sectors.

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Wide Range of Applications across Niche Segments to Drive Global Lignin Market

Lignin has a multitude of applications across several niche sectors. The increasing demand for lignin as raw material across these applications is facilitated by its attribute of water solubility. It has utilities across different applications which include manufacture of dye dispersants, vanillin, animal feed, resins, cleaning chemicals, and micronutrients. Moreover, continuing surge in demand for lignin registered by the developing economies such as China owing to the country's growing industrial landscape will significantly boost its demand in the global market. This factors have come together to bolster the overall growth of the global lignin market.

Low Awareness among Manufacturers to Emerge as the Key Restraint

Despite showcasing a steady rise in demand across different sectors, a majority of the manufacturers are yet to get educated about the utility of lignin as a potential raw material. Moreover, the weak communication link between research facilities and manufacturing units contributes very little to help inform manufacturers about the development of a multitude of applications of lignin. Besides, the indigenous technology used for the application and extraction of lignin also inhibits growth in the lignin market.

Increasing Awareness about Limited Resources to Bolster Growth in Global Lignin Market

Rising levels of environmental pollution have emerged as a major concern worldwide. Policymakers of both developed and emerging economies are keen to adopt every possible strategy to curb the effect of environmental pollution. The growing popularity of lignin as an alternative for fossil-based raw materials is expected to create significant opportunities for the lignin market in forthcoming years. Lignin can be used as raw materials for manufacturing a range of different products such as carbon fibers, plastics and chemical products. Additionally, increasing awareness about limited resources and growing scope of application across different segments will create significant scope for the expansion of global lignin market.

Segmentation on the Basis of Product Types and Geography

The global market for lignin can be segmented into high-grade lignin, lingo-sulphonates, low purity lignin, organosolv lignin, and kraft lignin, and others on the basis of product types. Geographically, the global market for lignin can be segmented into North America, Asia Pacific, Europe and Rest of the World. China, in Asia Pacific region, has recorded an increasing demand for lignin in recent years.

Leading Players Dominating the Global Lignin Market

The global lignin market has a fragmented structure, with several companies registering their presence. Some of the leading players who have registered significant growth prospects in the market includes Guangdong Jiangmen Ganhua Co. Ltd., Westvaco, Asian Lignin Manufacturing Pvt. Ltd., Borregaard Lignotech, Lignol Energy Corporation, Changzhou Shanfeng Chemical Industry Co. Ltd., and Tembec, among others.

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