DUBLIN, March 15, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/7zkdf3/global_lignin) has announced the addition of the "Global Lignin Market Report" report to their offering.
This comprehensive report predicts that the global lignin market will grow with a CAGR 2.7% during the forecast period of 2014-2021.
North America is the leading geography followed by Europe. Asia Pacific is the fastest growing region and it is expected to emerge as biggest market over the forecast period. Countries like USA, Germany, India, China, and Brazil are the drivers for regional growth. The market is estimated to reach USD 1,323.1 million by 2021. The global lignin market will increase by 19.27% by 2021 over 2014.
Lack of awareness among manufacturers, low coordination of industry and research institutes, Inefficient Bio-refinery Processes, and Primary Extraction Technology are some of the major hurdles in the growth of the global lignin market. Despite of such restraint, lignin manages potential opportunities like emerging bio-refinery lignin; substitution for petrochemicals, resins, additives, and plastics; and to be bulk renewable resource.
Research and developments are carried to convert lignin into carbon nanofibre. Carbon nanofibre derived from carbon nanotubes, graphene and polyacrylonitrile are expensive compared to lignin-based carbon polymer. Major companies have ventured to research lignin based marine biofuels, bioplastics, carbon black and active carbon. Converting lignin into smaller chemical elements is the principal purpose for renewable fuels and oligomers. Lignin is expected to be next generation precursor for biofuels and other applications. Owing to these developments, industries such as aerospace, petrochemicals, construction, and automobiles will witness dynamic growth. Development of biobased derivatives of lignin will change the future circumstances.
Companies Mentioned:
Report Structure:
1. Introduction
2. Executive Summary
3. Market Analysis
4. Global Lignin Market Analysis by Product Types
5. Global Lignin Market by Applications
6. Global Lignin Market by Region
7. Competitive Landscape
8. Company Profiles
For more information visit http://www.researchandmarkets.com/research/7zkdf3/global_lignin
Media Contact:
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article