Albany - NY, Oct. 19, 2015 (GLOBE NEWSWIRE) -- Increase in niche application of lignin in various fields such as building and construction, agrochemicals, and paints and coatings is contributing to the growth of the global lignin market. Functional properties offered by lignin is the major factor leading to high demand for lignin in the market. Usage of lignin as a dispersant, binder, and emulsifying agent has attracted the attention of major manufacturers in various end-user industries. Additionally, industrial expansion in developing economies such as Asia Pacific is propelling demand for lignin across the globe. These factors are likely to drive demand for lignin for applications such as concrete additive, animal feed, and dye stuff.
Browse the full report at http://www.transparencymarketresearch.com/lignin-market.html
Lignosulfonates account for major share of the global lignin market. Demand for these sulfur-free lignins is high in the construction industry due to its high absorbency rate and zeta potential to cement particles. Lignosulfonates are used on a large scale in the production of cement, as these reduce the viscosity of slurry by decreasing the amount of water used in the production of cement. Lignin provides high-performance concrete strength; thus, it reduces the damage caused by moisture and acid rain. Hence, high demand for lignin in the building & construction industry is estimated to boost demand for lignosulfonates globally. Lignin produced though the kraft pulping process is known as kraft lignin. This lignin dominates the sulfite pulping process. Kraft lignin possesses different chemical properties than lignosulfonates. Therefore, it is used in the manufacture of dyes and insecticides. Kraft lignin accounted for more than 5% share of the global lignin market in 2014. The segment is projected to gain market share during the forecast period. The others segment (including organosolv) is also likely to drive demand for lignin at a steady rate in the near future.
Based on functional properties, the application of lignin is segmented into concrete additive, animal feed, dye stuff, and others (including cosmetics and absorbents). Concrete additive held more than 45% share of the global lignin market in 2014. Animal feed was the second fastest growing market in 2014, led by increase in livestock farming activities in developing as well as developed economies. It is expected to gain market share in the near future. Rising demand for lignin in the paints & coatings industry for dye stuff is another factor contributing to high demand for lignin globally. This segment is anticipated to record significant demand for lignin in the near future. Others (comprising cosmetics and absorbents) was the fastest growing segment in 2014. The segment is also anticipated to contribute to the growth of the global lignin market during the forecast period.
Get Sample Research Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1460
The report segments the global lignin market into:
Lignin Market - Product Segment Analysis
- Kraft lignin
- Others (Including organosolv)
Lignin Market - Application Analysis
- Concrete additive
- Animal feed
- Dye stuff
- Others (Including cosmetics and absorbents)
Lignin Market - Regional Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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.
CONTACT: Mr. Nachiket Ghumare State Tower, 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email: firstname.lastname@example.org Website: http://www.transparencymarketresearch.com Blog: http://www.tmrblog.com/
Source:Transparency Market Research