Lignin is the substance that grants plants their typical “woody” structure. Most plants, if not all, contain lignin in varying proportions. The distribution and type of lignin may also vary among parts of the same plant, including leaves, branches, shoots, roots, and trunk, as well as among plants of different species.
Lignin finds numerous applications in a number of different fields. While the list of new applications of lignin is growing every day, the following are some of the most common and important applications of lignin today:
A recent Transparency Market Research report covering the global lignin market states that the market had a net valuation of US$782.3 million in 2014. The market is expected to observe positive, albeit modest, growth at a CAGR of 2.7% between 2015 and 2023. Volume-wise, the demand for lignin stood at 1,115.4 kilo tons in 2014. Demand is expected to rise chiefly owing to the rising set of niche applications of lignin and development of the industrial sector in Asia Pacific. Of the key applications of lignin studied in the report, the segment of concrete additives dominated demand and held nearly 45% of the global lignin market in 2014. The report states that the numerous uses of lignin as dispersant, emulsifying agent, and binder continue to attract the attention of product manufacturers in a number of end-use industries. As such, Asia Pacific, the region observing a huge surge in the industrial field, is becoming an increasingly lucrative market for the global lignin industry. Of the key types of modified lignin products studied in the report, the demand for lignosulfonates is the highest in numerous end-use industries, especially in the construction industry. About Us Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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December 2016
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