Market Research Report
Kraft Lignin Products Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
|Kraft Lignin Products Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)|
Published: January 17, 2022
Mordor Intelligence Pvt Ltd
Content info: 80 Pages
Delivery time: 2-3 business days
The market for kraft lignin products is expected to register a CAGR of over 7% during the forecast period. 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.
Kraft lignin is used in the manufacturing process of fertilizers and pesticides. For instance, Urea is made up of 90-99% urea 1-10 lignin by wt%.
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.
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.
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.
Geographically, North America leads the way in the consumption of kraft lignin as urea additive. The significant agricultural boom that is underway in the region, are expected to boost the regional market.
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.