MarketResearchEngine.com adds a new research study on “Global Kraft Lignin Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2021”. The global Kraft lignin market is envisioned to grow at a CAGR of 3% with Asia – Pacific to show a highest growth rate of 3.5% from 2015-2021.
View the detailed report on “Global Kraft Lignin Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2021” at:
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Lignin residing in the cell wall of plants is the only aromatic functionality biomass available in abundance. Lignin is largely a by-product in the paper and pulp industries. The three types of lignin – Lignosulphonate, Kraft Lignin and Organosolv- lignin are being researched and used across many industries. Global kraft lignin market was close to USD 66.4 million in the year 2014 and is forecasted to cross USD 81.4 million by end of 2021.
Lignin and its derivatives are gaining popularity due its sustainable origin. Commercialization of Lignoboost system by Valmet, its first successful commercial installation by Domtar has resulted in the launch of BioChoice™ which finds it use as precursor of many specialty chemicals. Recently the second plant has also been installed at Stora Enso”sSunila mill which will reduce the company’s carbon footprint along with other benefits. Lignoboost when installed with Kraft – based pulp extraction mill increases its production, reduces costs and gives extra revenue. Increased application of kraft lignin in dyes, pesticides, thermoplastic polymers, binders, resins and carbon fiber is driving this market.
The report on kraft lignin segments the market on the basis of its application in fertilizers and pesticides, thermoplastic polymers, binders and resins, and others (carbon fiber, etc.). The largest share of kraft lignin is consumed in fertilizers and pesticides. The...