SAN FRANCISCO, June 22, 2015 /PRNewswire/ --
Global lignin market is expected to reach USD 6.19 billion by 2022, according to a new study by Grand View Research, Inc. Growing awareness regarding harmful effect of pollution on human health is expected drive lignin market growth in dust control applications over the next few years. High market potential for lignin as a key intermediate to manufacturing carbon fibers, phenol, BTX and vanillin is anticipated to provide tremendous growth opportunities over the forecast period.
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For more information, tables and figures, visit - http://www.grandviewresearch.com/industry-analysis/lignin-market
Low-purity grade lignin dominated the global market in 2014 accounting for over 85% of global demand volume and the trend is anticipated to continue over the forecast period owing to its extensive use as a bio-refinery catalyst. In addition, low product cost is likely to play an important role in market growth. Kraft lignin is expected to be the fastest growing segment of the market owing to its extensive application scope in manufacturing aromatic and macromolecules.
Further key findings from the study suggest:
Browse All Reports of This Category by Grand View Research @ http://www.grandviewresearch.com/industry/organic-chemicals-and-compounds
For the purpose of this study, Grand View Research has segmented the global lignin market on the basis of product and region:
Global Lignin Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
Global Lignin Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
Global Lignin Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
About Grand View Research
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies, ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights.
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Web: Grand View Research
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