Lignin Market share research by applications and regions for 2015-2022

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Lignin Market Analysis and Industry Forecast,
2015 2022 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Lignin Market

• India lignin market size is forecast to grow by
  6 owing to rise in demand of automobile and
  electronics goods. Availability of cheap labor
  coupled with favorable foreign investment
  policies in manufacturing sector will fuel the
  market growth.
• Phenol derivatives produced from lignin, find
  applications in skin care and cosmetic industry
  for manufacturing sun screen, hair colors, skin
  lightening and other cosmetic products. Increase
  in demand for skin care products will fuel
  demand.
• Macromolecules lignin derivatives are used to
  manufacture carbon fiber which is widely utilized
  in automobile, sports products and aerospace
  industry as an alternative to metals. Widening
  applications of carbon fiber is set to drive
  lignin market owing to rise in consumption in
  above mentioned industries.

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Continued...

• Lignin is utilized in manufacturing of a bio
  compound vanillin, which acts as flavoring agent
  across pharmaceutical, cosmetic and food
  manufacturing industry. Food and beverage
  application segment accounted for 72 of the
  global lignin market in 2014.
• Borregaard Lignotech is one of the key market
  players and contributed around 40 to the overall
  consumption in 2014. Some of the other prominent
  players include Mead-Westvaco (MWV), Green Value,
  Asian Lignin Manufacturing Pvt. Ltd., and Domtar.

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U.S Lignin Market size, by applications, (KT),
2012-2022

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360 Analysis

• Product Analysis
• Kraft Lignin market consumption is expected to
  surpass 130 kilo tons by 2022, with the highest
  gains over 7.7 against its counterparts. It is
  used in foam fire extinguisher to steady the
  foam.
• Regional Analysis
• In U.S., low purity lignin market size is
  expected to grow over 4 by 2022. This growth is
  attributed to vast range of commercial
  applications and promising regulatory framework.
  Low purity lignin is commercially used as a
  catalyst in bio refinery.
• Competitive Market Share
• Some of the prominent players manufacturing
  carbon fiber are Zoltek, Cytec Engineered
  Materials, Hexcel, SGL Group, Toho Tenax, Toray
  Carbon fiber and Mitsubishi Rayon Co. Ltd.

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