KEY FINDINGS Lignin has been gaining popularity over the past few years owing to the potential applications including dispersants, carbon fibers, and bio-refineries. Also, owing to its biological origin, lignin has been approved for use in the production of insecticides, pesticides, emulsifier and heavy metal sequestrate. The North America lignin market is estimated to grow from $XX million in 2018 to $XX million by 2027 at a CAGR of 1.38% by revenue between 2019 and 2027. Also, the lignin market in North America is estimated to grow from XX kilotons in 2018 to XX kilotons by 2027, at a CAGR of 2.65% by volume between 2019 and 2027. The base year considered for the study is 2018 and the estimated period is between 2019 and 2027. The major drivers that are influential for the market advancement are the usage of lignin as a dust collector & its additional usage as an additive in concrete.
MARKET INSIGHTS The countries of the United States and Canada are considered for the market study. Construction industry growth in the U.S. & Canada is expected to fuel demand for concrete and cement which is expected to force manufacturers to increase their production capacities, subsequently driving lignin market growth. Lignin is being increasingly utilized as an additive in concrete as it functions as an effective water reducer and controls the rheological properties of the base material. The shifting trend among chemical manufacturers in the U.S. to deploy bio-based raw material for manufacturing their product offerings is expected to promote the application of bio-refinery and fuel lignin demand as a catalyst soon.
COMPETITIVE INSIGHTS The eminent market players in the region that have been profiled extensively in the report are Nippon Paper Industries Co. Ltd., Aditya Birla Group (Domsjö Fabriker AB), Lenzing A.G., Domtar Corporation, Ingevity Corporation, Stora Enso OYJ, Sweetwater Energy Inc., The Dallas Group of America, Inc., Suzano Papel E Celulose S.A., and Borregaard Lignotech.
Companies mentioned 1. INGEVITY CORPORATION 2. DOMTAR CORPORATION 3. SWEETWATER ENERGY INC. 4. BORREGAARD LIGNOTECH 5. ADITYA BIRLA GROUP (DOMSJÖ FABRIKER AB) 6. THE DALLAS GROUP OF AMERICA, INC. 7. STORA ENSO OYJ 8. NIPPON PAPER INDUSTRIES CO. LTD. 9. SUZANO PAPEL E CELULOSE S.A. 10. LENZING A.G.
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