The
lignin obtained from kraft pulping or sulfate process is called kraft lignin.
Kraft lignin possesses distinguishing characteristics from native lignin and
other technical lignins. Axiom MRC estimated and projected the volume of
consumption of kraft lignin in terms of Kilo tones (KT) and revenue in terms of
USD million by various applications.
Kraft
lignin market is anticipated to grow at a compound
annual growth rate between 2.5% to 3.5% from 2018 to 2022. The global market is
driven by factors such as, abundantly available raw material, kraft pulping
process is widely accepted process in the paper production, large number of
applications etc. The global kraft lignin market is hindered by factors such
as, complex structure of lignin creates difficulty in the extraction of kraft
lignin, lack of awareness of extraction of kraft lignin from the black liquor
etc.
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Kraft
lignin market can be segmented such as, applications and geographies. The major
application of kraft lignin are, agrochemicals i.e. pesticides and fertilizers,
thermoplastic polymers, binders and resins and others include Carbon Fiber,
etc. Lastly the market is segmented by geography such as, North America,
Europe, Asia Pacific, Latin America and Middle East & Africa.
The application agrochemicals and thermoplastic polymers
are accounted more than 50% of market share in 2016. The other applications
such as carbon fibers anticipated to be grow at highest growth rate from 2018
to 2022. North America and Europe are together the largest market of kraft
lignin globally.
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Industrially
opted processes of isolating large quantities of kraft lignin from black liquor
are known as LignoBoost invented by Innventia and Chalmers University of
Technology. Further the technology was acquired by to Metso which later
developed for industrial scale production in alliance with Innventia.
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