Kraft Lignin Market By Type (Softwood Kraft Lignin and Hardwood Kraft Lignin), By Application (Fertilizers & Pesticides, Polymers/Plastics, Binders & Resins, Phenol & Derivatives, Activated Carbon, Carbon Fibers, and Others), Industry Trends, Estimation & Forecast, 2020-2026

Global Kraft Lignin market is estimated to reach $98.7 million by 2026 with a CAGR of 6.4% from 2020 to 2026.
  • Market Overview

    Kraft lignin is a derivative of industrial lignin extracted from the Kraft pulp, which accounts for the majority of the lignin production worldwide. The kraft lignin is removed in kraft mills via partial precipitation from the black liquor by addition of carbon dioxide or mineral acid.

    Market Dynamics

    The rising product demand for fertilizers and pesticides applications and rapid shift in preference towards bio-based products are the primary factors driving the market growth. The use of kraft lignin as a naturally-sourced binding agent or dispersant in the manufacturing of fertilizers and pesticides would increase its demand, thereby improving the prospects of market growth. The incorporation of kraft lignin with other minerals in soil eliminates the risks of degradation, as industrial kraft lignin after processing carefully mimics the chemical properties of humic substances. The use of kraft lignin as additives in the generation of clean energy reduces the amount of raw material required, primarily driving higher rate of energy conversion, which would increase the possibilities of product application. The continued shift in industrial preference towards bio-based products that reduce harmful emissions would also influence the high adoption of kraft lignin over the forecast period. However, high product processing costs and lack of product awareness might hamper market growth. The shortage of research & development efforts to realize the full potential of kraft lignin products might also act as barriers to market growth. The increasing product adoption for use as carbon fiber and activated carbon would provide lucrative opportunities for the market in the coming years. The rising industrial demand for activated carbon and carbon fiber material would offer key manufacturers with new possibilities of product application and business expansion over the forecast period.

    Market Segmentation

    The global Kraft Lignin market is mainly classified based on Type and Application. Type is further segmented into Softwood Kraft Lignin and Hardwood Kraft Lignin. By Application, the market is divided into Fertilizers & Pesticides, Polymers/Plastics, Binders & Resins,
    Phenol & Derivatives, Activated Carbon, Carbon Fibers, and Others.
    The Softwood Kraft Lignin segment by Type holds a significant share in terms of overall value and volume owing to its consistent availability as a commercial renewable resource for varied processes of energy generation. The focus on the development of materials that promote the sustainability of resources would also propel the growth of the segment during the forecast period.

    In terms of volume, the Fertilizers & Pesticides consumption by Application is poised to garner 78.3 K MT by 2026; growing at a CAGR of 7.1% during 2020-2026. The growth in demand for the use of naturally-sourced raw materials in the manufacturing of fertilizers and pesticides would bolster demand for kraft lignin. The technological innovation in the use of kraft lignin as emulsifiers and other chemically modified substances would further improve segment growth.

    Regional Analysis

    Based on geography, the global Kraft Lignin market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, Russia, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America. At the same time, the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.
    North America is a leading region in terms of overall production volume owing to the easy accessibility to raw materials and the presence of expansive manufacturing facilities. The increasing investments aimed at the extension of production plants for consistent growth in manufacturing volume would influence the growth of the regional market during the forecast period.

    Competitive landscape

    The Kraft Lignin market is highly consolidated, with globally expansive companies operating with massive manufacturing capabilities and distribution networks. The ability of critical companies to cater to the needs of customers even located in remote areas further solidifies their market positioning.

    Key players operating in the Kraft Lignin industry include Stora Enso Oyj, Domtar Corporation, West Fraser Timber Co. Ltd., RISE INNVENTIA AB, Resolute Forest Products Inc., Nippon Paper Industries Co., Ltd., Suzano SA, UPM-Kymmene Oyj, Rayonier Advanced Materials Inc., Borregaard ASA, and Weyerhaeuser Company.

    The extension in business opportunities through strategic partnerships and collaborations and increase in manufacturing capabilities through facility expansions are the primarily followed business strategies of top players looking to capture substantial market share during the forecast period.

    Kraft Lignin Market Key Segments:

    By Type
    • Softwood Kraft Lignin
    • Hardwood Kraft Lignin

    By Application
    • Fertilizers & Pesticides
    • Polymers/Plastics
    • Binders & Resins
    • Phenol & Derivatives
    • Activated Carbon
    • Carbon Fibers
    • Others

    Key Global Kraft Lignin Industry Players
    • Stora Enso Oyj
    • Domtar Corporation
    • West Fraser Timber Co. Ltd.
    • RISE INNVENTIA AB
    • Resolute Forest Products Inc.
    • Nippon Paper Industries Co., Ltd.
    • Suzano SA
    • UPM-Kymmene Oyj
    • Rayonier Advanced Materials Inc.
    • Borregaard ASA
    • Weyerhaeuser Company

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  • Table of Content

    1. Market Introduction

    1.1. Executive Summary
    1.2. Market Definition
    1.3. Market Scope

    2. Research Methodology
    2.1. Primary Research
    2.2. Research Methodology
    2.3. Assumptions & Exclusions
    2.4. Secondary data sources

    3. Kraft Lignin Market Overview
    3.1. Report Segmentation & Scope
    3.2. Key Market Trend
    3.3. Drivers
    3.3.1. Rising product demand for fertilizers and pesticides applications
    3.3.2. Rapid shift in preference towards bio-based products
    3.4. Restraints
    3.4.1. High product processing costs and lack of product awareness
    3.5. Opportunity
    3.5.1. Increasing product adoption for use as carbon fiber and activated carbon
    3.6. Porter’s Five Forces Analysis
    3.6.1. Porter’s Five Forces Analysis
    3.7. Market Share Analysis

    4. Type Overview
    4.1. Introduction
    4.1.1. Market Size & Forecast
    4.2. Softwood Kraft Lignin
    4.2.1. Market Size & Forecast
    4.3. Hardwood Kraft Lignin
    4.3.1. Market Size & Forecast

    5. Application Overview
    5.1. Introduction
    5.1.1. Market Size & Forecast
    5.2. Fertilizers & Pesticides
    5.2.1. Market Size & Forecast
    5.3. Polymers/Plastics
    5.3.1. Market Size & Forecast
    5.4. Binders & Resins
    5.4.1. Market Size & Forecast
    5.5. Phenol & Derivatives
    5.5.1. Market Size & Forecast
    5.6. Activated Carbon
    5.6.1. Market Size & Forecast
    5.7. Carbon Fibers
    5.7.1. Market Size & Forecast
    5.8. Others
    5.8.1. Market Size & Forecast

    6. Kraft Lignin Market Regional Overview
    6.1. Introduction
    6.1.1. Market Size & Forecast
    6.2. North America Kraft Lignin Market
    6.2.1. North America Market Size & Forecast, By Country
    6.2.2. North America Market Size & Forecast, By Type
    6.2.3. North America Market Size & Forecast, By Application
    6.2.4. U.S.
    6.2.4.1. Market Size and Forecast
    6.2.5. Canada
    6.2.5.1. Market Size and Forecast
    6.2.6. Mexico
    6.2.6.1. Market Size and Forecast
    6.3. Europe Kraft Lignin Market
    6.3.1. Europe Market Size & Forecast, By Country
    6.3.2. Europe Market Size & Forecast, By Type
    6.3.3. Europe Market Size & Forecast, By Application
    6.3.4. Germany
    6.3.4.1. Market Size and Forecast
    6.3.5. France
    6.3.5.1. Market Size and Forecast
    6.3.6. UK
    6.3.6.1. Market Size and Forecast
    6.3.7. Italy
    6.3.7.1. Market Size and Forecast
    6.3.8. Russia
    6.3.8.1. Market Size and Forecast
    6.3.9. Rest of Europe
    6.3.9.1. Market Size and Forecast
    6.4. Asia-Pacific Kraft Lignin Market
    6.4.1. Asia-Pacific Market Size & Forecast, By Country
    6.4.2. Asia-Pacific Market Size & Forecast, By Type
    6.4.3. Asia-Pacific Market Size & Forecast, By Application
    6.4.4. Japan
    6.4.4.1. Market Size and Forecast
    6.4.5. China
    6.4.5.1. Market Size and Forecast
    6.4.6. Australia
    6.4.6.1. Market Size and Forecast
    6.4.7. India
    6.4.7.1. Market Size and Forecast
    6.4.8. South Korea
    6.4.8.1. Market Size and Forecast
    6.4.9. Rest of Asia-Pacific
    6.4.9.1. Market Size and Forecast
    6.5. South America Kraft Lignin Market
    6.5.1. South America Market Size & Forecast, By Country
    6.5.2. South America Market Size & Forecast, By Type
    6.5.3. South America Market Size & Forecast, By Application
    6.5.4. Brazil
    6.5.4.1. Market Size and Forecast
    6.5.5. Argentina
    6.5.5.1. Market Size and Forecast
    6.5.6. Rest of South America
    6.5.6.1. Market Size and Forecast
    6.6. Middle East & Africa Kraft Lignin Market
    6.6.1. Middle East & Africa Market Size & Forecast, By Country
    6.6.2. Middle East & Africa Market Size & Forecast, By Type
    6.6.3. Middle East & Africa Market Size & Forecast, By Application
    6.6.4. GCC Countries
    6.6.4.1. Market Size and Forecast
    6.6.5. Egypt
    6.6.5.1. Market Size and Forecast
    6.6.6. South Africa
    6.6.6.1. Market Size and Forecast
    6.6.7. Rest of Middle East & Africa
    6.6.7.1. Market Size and Forecast

    7. Company Profile
    7.1. Stora Enso Oyj
    7.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
    7.1.2. Stora Enso Oyj Product Category, Application, and Specification
    7.1.3. Stora Enso Oyj Financial Performance (2015-2019)
    7.1.4. Main Business/Business Overview
    7.2. Domtar Corporation
    7.3. West Fraser Timber Co. Ltd.
    7.4. RISE INNVENTIA AB
    7.5. Resolute Forest Products Inc.
    7.6. Nippon Paper Industries Co., Ltd.
    7.7. Suzano SA
    7.8. UPM-Kymmene Oyj
    7.9. Rayonier Advanced Materials Inc.
    7.10. Borregaard ASA
    7.11. Weyerhaeuser Company

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What Report Provides?

• Full in-depth analysis of the parent Industry
• Important changes in market and its dynamics
• Segmentation details of the market
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• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional growth potential

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