However, Asia-Pacific is projected to register the fastest growth with a CAGR of 4. 33% during the forecast period. With the surge in demand for concrete admixtures due to the growing construction activities in major countries, such as China, India, Japan, South Korea, and ASEAN countries, the consumption of lignosulfonates (used in concrete admixtures) is likely to increase during the forecast period.
New York, Jan. 22, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Lignin Products Market - Growth, Trends, and Forecast (2019 - 2024)" - https://www.reportlinker.com/p05778142/?utm_source=GNW
Furthermore, increasing usage of lignin products in various applications is anticipated to propel Asia-Pacific with the highest CAGR during the forecast period.
The global lignin products market is consolidated and is dominated by one player, Borregaard LignoTech, which accounts for 40% of the entire production capacity, with numerous manufacturing plants across the world. The other prominent companies include Domsjö Fabriker (Aditya Birla Group), Nippon Paper Industries Co. Ltd, Ingevity, and Rayonier Advanced Materials, among others.
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Read the full report: https://www.reportlinker.com/p05778142/?utm_source=GNW
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