Transparency Market Research has published a new report titled “ Lignin Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2023 .” According to the report, the global lignin market was valued at US$ 782.3 Mn in 2014 and is anticipated to reach US$ 985.5 Mn by 2023, expanding at a CAGR of 2.7% from 2015 to 2023. The global lignin market demand by volume stood at 1115.4 Kilo Tons in 2014. 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 ...
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