New York, Feb. 23, 2023 (GLOBE NEWSWIRE) -- The market for high-purity lignin was valued at over US$ 26.5 Million in the current year 2022 and is anticipated to grow at a rate of nearly 5.8% between 2023 and 2032.
The sharp rise in building activity in industrialised countries, according to the High Purity Lignin Market study report published by PMR, has led to this expansion, and the market's net value is expected to reach US$ 46.5 Million by the end of 2032. The global high purity market is anticipated to rise as a result of rising investments in real estate business and public infrastructure works and their rising requirement for concrete and lignin admixtures, adhesives, and binders. In addition, the global demand for high purity lignin is anticipated to experience a significant increase because of its extensive industrial application in the creation of dispersants and other applicable chemicals.
Additionally, due to shifting trends in the chemical processing industry that currently favor the use of eco-friendly raw materials in manufacturing processes, the need for high purity lignin as an industrial accelerator is anticipated to rise. The expansion of biopolymers and bio-refineries is likely to increase sales of high purity lignin, as the US Environmental Protection Agency or USEPA has pledged financial support for its development.
Click Here to Get Free Sample Copy of this Report@ https://www.persistencemarketresearch.com/samples/33222
Key Takeaways from the High Purity Lignin Market Study
- Based on product type, the organosolv category renders the highest demand for high purity lignin in the global market and this segment's net worth is estimated to reach around US$ 21 Million by 2032.
- Softwood lignin is the most favored source of high purity lignin making it the largest segment for the industries that would be contributing up to 50% of the market volume.
- Among the several ranges of applications, the phenol segment is predicted to witness the highest growth rate of more than 6% through the forecast years until 2032.
- Up to 2032, Asia Pacific high purity lignin market is anticipated to see the fastest growth rate of 6.4%.
Get Full Access of this Report@ https://www.persistencemarketresearch.com/checkout/33222
Competitive Landscape for the High Purity Lignin Market
Among the major companies operating in the global high purity lignin market are
- Suzano SA
- Domtar Corporation
- West Fraser
- Stora Enso Oyj
- Liquid Lignin Company
- Metsa Group
- Sigma Aldrich
- Alberta Pacific
- Green Value S.A.
- Ingevity Corporation
The higher cost of high purity lignin products and the expensive research and development for such goods prevent the market participants from expanding and reaching their full potential. Also as a result of the recent availability of substitutes such as biomass constituents and unfermented polysaccharides, as well as a lack of consumer knowledge, particularly in developing countries, the usage of the product has decreased considerably.
Recent developments in the High Purity Lignin Industry
To increase their market presence, these businesses are concentrating on expanding their businesses and developing their factories.
For instance, Stora Enso Oyj has announced to invest in the construction of a new plant for the granulation and packaging of commercial lignin in December 2022. This effort is an attempt to replace raw materials made from fossil fuels with natural resources made from biofuels.
You Can Customize this Report As per Your Requirement Click Here@ https://www.persistencemarketresearch.com/request-customization/33222
The top competitors are concentrating on creating goods with a variety of uses.
For instance, the famous lignin manufacturer Borregaard LignoTech AB provides specialized goods that are used in the production of gypsum boards, agricultural inputs, commercial adhesives, dispersions, carbon black, battery components, and other items.
Other Trending Reports:
- Graphene Market
- Agrochemicals Market
- Protective Coatings Market
- Bauxite Mining Market
- Household Insecticides Market
- Cold Insulation Materials Market
- Ferric Hydroxide Market
- Bromine Market
About Persistence Market Research:
Business intelligence is the foundation of every business model employed by Persistence Market Research. Multi-dimensional sources are being put to work, which include big data, customer experience analytics, and real-time data collection. Thus, working on “micros” by Persistence Market Research helps companies overcome their “macro” business challenges.
Persistence Market Research is always way ahead of its time. In other words, it tables market solutions by stepping into the companies’/clients’ shoes much before they themselves have a sneak pick into the market. The pro-active approach followed by experts at Persistence Market Research helps companies/clients lay their hands on techno-commercial insights beforehand, so that the subsequent course of action could be simplified on their part.
Contact
Rajendra Singh
Persistence Market Research
U.S. Sales Office:
305 Broadway, 7th Floor
New York City, NY 10007
+1-646-568-7751
United States
USA - Canada Toll-Free: 800-961-0353
Email: sales@persistencemarketresearch.com
