Kraft Lignin Products Market – Growth, Trends, and Forecast (2019 – 2024)

The market is segmented by Application (Fertilizers & Pesticides, Polymers/Plastics, Binders & Resins, Phenol & Derivatives, Activated Carbon, Carbon Fibers, and Other Applications), and Geography.

Market Snapshot

Picture1
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

North America

Largest Market:

North America

Key Players:

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Market Overview

The market for kraft lignin products is expected to register a CAGR of 7.30% during the forecast period of 2019 – 2024. Major factor driving the market studied is the increasing demand for carbon fibers. The higher processing cost and lack of awareness about the usage of kraft lignin products are expected to hinder the growth of the market studied.

  • Fertilizers & pesticides application segment is expected to dominate the market.
  • The rising demand for activated carbon is in turn estimated to boost the demand for kraft lignin, during the forecast period.
  • North America is expected to dominate the market studied, holding a share of approximately 40% and is also estimated to expand in the forecast period.

Scope of the Report

The kraft lignin products report includes:

By Application
Fertilizers & Pesticides
Polymers/Plastics
Binders & Resins
Phenol & Derivatives
Activated carbon
Carbon fibers
Other Applications (Blends, Sorbents, etc.)
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Nordic Countries
Rest of Europe
Rest of the World
Brazil
Saudi Arabia
Rest of World

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Key Market Trends

Increasing Consumption of Activated Carbon

  • Activated carbons are widely used industrial adsorbents in deodorization and purification for process streams and the treatment of liquid and gaseous effluents. Kraft lignin can be transformed into activated carbon by physical or chemical activation. The chemical activation at high temperatures gives higher product yields.
  • Activated carbon finds excellent in metal finishing for purification of electroplating solutions. The other applications include gas and water purification, decaffeination, gold purification, metal extraction, medicine, sewage treatment, air filters in gas masks and respirators, and filters in compressed air, etc.
  • The pharmaceutical industry would exploit activated carbon fibers, which can adsorb bacteria. In case of waste incineration, volatile heavy metals, and combustion products, such as dioxins and furans present in the post-combustion areas, can also be adsorbed by activated carbon.
  • Water treatment operations continuously contend with new regulations, while current regulations become more stringent. Activated carbon has been an effective treatment option for years in compliance viability of wastewater treatment.
  • As water reuse becomes increasingly important from a sustainability perspective, activated carbon is becoming a vital component of the water treatment process because of its versatility.
  • Increasing emission standards and concerns over air pollution control are anticipated to drive this trend, which, in turn, is expected to be increasingly beneficial to the activated carbon segment in kraft lignin market.
kraft lignin seg

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North America Region to Dominate the Market

North American region dominated the market share in 2018. North America is the largest producer of the kraft lignin products, majorly dominated by Canada and the United States. A shift in industry preference to biobased products, due to the need of reducing dependence on fossil sources, is expected to continue as a key driver for kraft lignin products market growth in the region, during the forecast period. In Canada, there is a kraft lignin surplus of approximately 1.06 million metric ton per year (after ensuring pulp mills’ recovery boiler demand) from the 23 pulp mills, which may be used for the production of value-added biobased products. This kraft lignin supply can create a USD 1.5 billion lignin-based bioproducts industry, which is one of the major opportunities in the future. The growing residential market in the United States is expected to drive the demand for kraft lignin products from the construction sector of the region. Moreover, the steady recovery of oil prices is expected to increase the drilling processes in the region, in turn, increasing the demand for lignosulphonates in the oil and gas industry. The aforementioned factors are contributing to the increasing demand for kraft lignin products consumption in the region during the forecast period.

kraft region

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Competitive Landscape

The kraft lignin products market is consolidated, with the top five players accounting 90% of the market share. Key players in the market include Stora Enso, NIPPON PAPER INDUSTRIES CO., LTD., Domtar Corporation, West Fraser, and Innventia Group.

Major Players

  1. Stora Enso
  2. NIPPON PAPER INDUSTRIES CO., LTD.
  3. Domtar Corporation
  4. West Fraser
  5. Innventia Group

* Complete list of players covered available in the table of contents below

kraft lig

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Rising Demand for Carbon Fibers

    2. 4.2 Restraints

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porters Five Force Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Raw Material Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Application

      1. 5.1.1 Fertilizers & Pesticides

      2. 5.1.2 Polymers/Plastics

      3. 5.1.3 Binders & Resins

      4. 5.1.4 Phenol & Derivatives

      5. 5.1.5 Activated carbon

      6. 5.1.6 Carbon fibers

      7. 5.1.7 Other Applications (Blends, Sorbents, etc.)

    2. 5.2 Geography

      1. 5.2.1 Asia-Pacific

        1. 5.2.1.1 China

        2. 5.2.1.2 India

        3. 5.2.1.3 Japan

        4. 5.2.1.4 South Korea

        5. 5.2.1.5 Rest of Asia-Pacific

      2. 5.2.2 North America

        1. 5.2.2.1 United States

        2. 5.2.2.2 Canada

        3. 5.2.2.3 Rest of North America

      3. 5.2.3 Europe

        1. 5.2.3.1 Germany

        2. 5.2.3.2 United Kingdom

        3. 5.2.3.3 France

        4. 5.2.3.4 Nordic Countries

        5. 5.2.3.5 Rest of Europe

      4. 5.2.4 Rest of the World

        1. 5.2.4.1 Brazil

        2. 5.2.4.2 Saudi Arabia

        3. 5.2.4.3 Rest of World

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Borregaard Lignotech

      2. 6.4.2 Domtar Corporation

      3. 6.4.3 Innventia Group

      4. 6.4.4 NIPPON PAPER INDUSTRIES CO. LTD

      5. 6.4.5 Rayonier Advanced Materials

      6. 6.4.6 Resolute forest products

      7. 6.4.7 Stora Enso

      8. 6.4.8 Suzano

      9. 6.4.9 UPM Biochemicals

      10. 6.4.10 West Fraser

      11. 6.4.11 WestRock

      12. 6.4.12 Weyerhaeuser Company

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Consumption of Activated Carbon

    2. 7.2 Other Opportunities

**Subject to Availability

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