HTF recognizes the following companies as the key players in the global lignin products market: Borregaard LignoTech, Changzhou Shanfeng Chemical Industry, Domtar, GreenValue, and Rayonier Advanced Materials
Other Prominent Vendors in the market are: Aditya Birla Management Corporation, Asian Lignin Manufacturing, Dallas Group of America, Fibria, Jiangmen Sugarcane Chemical Factory, Liquid Lignin, and NIPPON PAPER INDUSTRIES.
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The analysts forecast the global lignin products market to grow at a CAGR of 4.43% during the period 2017-2021.
Commenting on the report, an analyst from HTF team said: “The latest trend gaining momentum in the market is increasing application of lignin in newer applications. Application of lignins began in the 1880s, and lignin sulfonates were used in dye baths and leather tanning. Thereafter, lignins have found various applications, such as in emulsifiers, animal feed, food products, and as raw material in the manufacture of vanillin, which is used as an ingredient in food flavors, pharmaceuticals, and as a fragrance in odor-masking and perfume products.”
According to the report, one of the major drivers for this market is Rising demand for lignin in dust control. Lignin is a naturally occurring polymer that is found in wood. Lignins are increasingly used on roads for surface stabilization and as a method for dust control. The lignin road products are extracted from lignin, which binds cellulose fibers together to provide structure to the trees and plants. Lignosulfonates are used as a dust suppressant, for which the roads are re-crowned with a grader. These are used on unpaved roads to lessen environmental concerns from airborne dust particles and to stabilize the road surface.
Further, the report states that one of the major factors hindering the growth of this market is Increase in manufacturing costs. The increase in the cost of raw materials, particularly Kraft lignin and lignosulfonates, which are increasingly used in the production of corrugated boxes, is one of the major challenges for the global lignin products market. Kraft paper accounts for approximately 75% of the total input cost for the manufacture of corrugated boxes.
Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be
• What are the key market trends
• What is driving this market
• What are the challenges to market growth
• Who are the key vendors in this market space
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit: https://www.htfmarketreport.com/reports/731771-global-lignin-products-market-5
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