Kraft Lignin Products Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.00 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Kraft Lignin Products Market Analysis
The market for kraft lignin products is expected to registera CAGR of over 7% during the forecast period. Major factordriving the market studied isthe 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.
Kraft Lignin Products Market Trends
This section covers the major market trends shaping the Kraft Lignin Products Market according to our research experts:
Increasing demand for Fertilizers and Pesticides
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Kraft lignin is used in the manufacturing process of fertilizers and pesticides. For instance, Urea is made up of 9099% urea 110 lignin bywt%.
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Lignin is consumed either directly or chemically modified, as a binder, dispersant agent for pesticides or herbicides, emulsifier, and as a heavy metal sequestrate. Black liquors from Kraft pulping and Sulfite process have been used as a source of sulfate and sulfite lignin, respectively.
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Kraft lignin products has been applied as an additive for restoring vegetation on road slope and mountain ranges. Pulverized and oxidized lignin, when mixed with other chemicals, is also utilized as a soil water retention agent in acidic dry land or desert soil conditions, or as a binder for fertilizer.
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Kraft lignin is abundantly used as a controlled-release fertilizer coating, since this by-product exhibits properties that make it an ideal substance for application in soil together with conventional mineral fertilizers.
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Geographically, North America leads the way in the consumption ofkraftlignin as urea additive. The significant agricultural boom that is underway in the region, are expected to boost the regional market.
North America Region to Dominate the Market
- North American region dominated the market share. 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 product consumption in the region during the forecast period.
Kraft Lignin Products Industry Overview
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, WestRock Company, LTD., Domtar Corporation, West Fraser, and RISE.
Kraft Lignin Products Market Leaders
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Stora Enso
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WestRock Company
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Domtar Corporation
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West Fraser
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RISE
*Disclaimer: Major Players sorted in no particular order
Kraft Lignin Products Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Rising Demand for Carbon Fibers
- 4.2 Restraints
- 4.3 Industry Value-Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
- 4.5 Raw Material Analysis
5. MARKET SEGMENTATION
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5.1 By Application
- 5.1.1 Fertilizers & Pesticides
- 5.1.2 Polymers/Plastics
- 5.1.3 Binders & Resins
- 5.1.4 Phenol & Derivatives
- 5.1.5 Activated carbon
- 5.1.6 Carbon fibers
- 5.1.7 Other Applications (Blends, Sorbents, etc.)
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5.2 Geography
- 5.2.1 Asia-Pacific
- 5.2.1.1 China
- 5.2.1.2 India
- 5.2.1.3 Japan
- 5.2.1.4 South Korea
- 5.2.1.5 Rest of Asia-Pacific
- 5.2.2 North America
- 5.2.2.1 United States
- 5.2.2.2 Canada
- 5.2.2.3 Rest of North America
- 5.2.3 Europe
- 5.2.3.1 Germany
- 5.2.3.2 United Kingdom
- 5.2.3.3 France
- 5.2.3.4 Nordic Countries
- 5.2.3.5 Rest of Europe
- 5.2.4 Rest of the World
- 5.2.4.1 Brazil
- 5.2.4.2 Saudi Arabia
- 5.2.4.3 Rest of World
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share Analysis**
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 Borregaard Lignotech
- 6.4.2 Domtar Corporation
- 6.4.3 Innventia Group
- 6.4.4 NIPPON PAPER INDUSTRIES CO. LTD
- 6.4.5 Rayonier Advanced Materials
- 6.4.6 Resolute forest products
- 6.4.7 Stora Enso
- 6.4.8 Suzano
- 6.4.9 UPM Biochemicals
- 6.4.10 West Fraser
- 6.4.11 WestRock Company
- 6.4.12 Weyerhaeuser Company
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Increasing Consumption of Activated Carbon
- 7.2 Other Opportunities
Kraft Lignin Products Industry Segmentation
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 | ||
| Geography | North America | United States |
| Canada | ||
| Rest of North America | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Nordic Countries | ||
| Rest of Europe | ||
| Geography | Rest of the World | Brazil |
| Saudi Arabia | ||
| Rest of World |
Kraft Lignin Products Market Research FAQs
What is the current Kraft Lignin Products Market size?
The Kraft Lignin Products Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)
Who are the key players in Kraft Lignin Products Market?
Stora Enso, WestRock Company, Domtar Corporation, West Fraser and RISE are the major companies operating in the Kraft Lignin Products Market.
Which is the fastest growing region in Kraft Lignin Products Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Kraft Lignin Products Market?
In 2024, the North America accounts for the largest market share in Kraft Lignin Products Market.
What years does this Kraft Lignin Products Market cover?
The report covers the Kraft Lignin Products Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Kraft Lignin Products Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Kraft Lignin Products Industry Report
Statistics for the 2024 Kraft Lignin Products market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Kraft Lignin Products analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
