Lignin is a complex polymer enormously found in tissues of plants. One can say that lignin is the fibrous plant component. It accumulates large amount of solar energy and is responsible for transporting within the plant. Today, lignin is used in variety of low volume and niche applications. Different forms of lignin include lingo-sulphonates, low purity lignin, organosolv lignin, kraft lignin and high grade lignin based on its purity. Lignin is used in animal feed, agriculture, mining and construction.
One of the main drivers for the lignin market is its applications and solubility property of lignin is the main requirement of lignin in such applications. In addition to the uses and applications above, lignin is used in cleaning chemicals, vanillin production, dye dispersants and resins. There is a rising demand for lignin in countries of Asia Pacific region such as China as its industrial base has undergone a great expansion and growth. Less consciousness of the uses and applications of lignin among the entrepreneurs/business persons restrict the lignin market growth. Also, the industry and research institute collaboration/interaction is also very weak leading to less exposure of producers to the gains of lignin various applications. Also the techniques used for extracting and applying lignin are still at a very primitive phase. These are all the factors affecting the lignin market growth.
With recent cases of environmental pollution and rising awareness of scarce /unique natural resources, there is growing opportunity in the use of lignin as a perfect replacement for fossil based raw materials that are used to produce a wide range of items like carbon fibers, plastics and chemical products. Recent research on the lignin revealing /unraveling /demonstrating variety of features based upon its extraction process is raising the scope of the application of lignin in the market.
The market research study examines the market on the basis of market sections, key geographical locations and recent market trends. Geographical locations examined under the market research study include Zone of Asia Pacific, region of Europe, North American Sub Continent and Rest of the World. The market research study includes factors inhibiting market growth, trends of market, information about market structure, market size, industry growth drivers and present as well as future market projections.
The market research report also includes analysis of current technological developments, porter’s five forces model, value chain analysis, portfolio analysis, business strategies, competitor analysis and profiles of the key industry players along with distinct graphical data representation. It also includes a review of macro and micro aspects required for the current industry participants and new entrants for business growth. IT also provides detailed SWOT analysis of the market sections based on the geographical locations, use and applications of the lignin.
Few of the main industry players in this global lignin market include Westvaco, Lignol Energy Corporation, Tembec, Asian Lignin Manufacturing Private Limited and Changzhou Shanfeng Chemical Industry Company Limited.
