Lignin-Based Graphene Market Forecast and CAGR
As per the most recent study by Fact.MR, lignin-based graphene market is set to observe a gigantic upsurge with 11% CAGR over the time frame of 2021-2031. Deals of the businesses acquiring foothold recently will observe consistent push in the present moment and idealistic development viewpoint over the said time frame.
Agriculture wastes are risky all throughout the planet which are undesirable leftovers from horticultural exercises, for example, extracted forms like lignin. Nonetheless, the age of horticultural waste far surpasses the limit with respect to reusing.
The horticulture waste could be used to extract the lignin which could then be converted in bio-char. Pre-treatment and post treatment of biochar is extensively done to reduce the impurities and to enhance the overall purity of the lignin based graphene
Graphene from lignin could be produced utilizing two sequential processes, thermal treatment, and degradation of lignin. In degradation process, carbon growth is done followed by exfoliation. Post degradation, lignin is thermally treated to enhance the carbon content and to tear down the complex structure of the lignin.
Absence of lignin-based product consciousness, low coordination of industry and exploration organizations, inefficient bio-treatment facilities, and primary extraction technology are a portion of the significant obstacles in the development of the lignin-based products business growth. Regardless of such restriction, lignin oversees potential freedoms such as arising bio-processing plants; a replacement for petrochemicals, tars, added substances, and plastics; and to be a mass inexhaustible asset.
Why Price of Conventional Graphene to Pave Way for the Lignin Based Graphene Business Growth?
Decade earlier, conventional graphene prices shot up to nearly US$ 1,000 per gram, pricing is primarily due to the limited availability of the carbon sources which could provide high purity graphene.
Gradual research over the past decade has paved way for thousands of innovations and patents which claim to commercialize graphene production. Commercialization of graphene comes at a stupendous cost and is merely trial and error of leveraging fortune to produce the product.
Hefty price of graphene and huge demand has certainly is constantly placing pressure over the trade cycles of the product Absence of substitutes which could replicate the properties of graphene are not know as of now. Therefore demand for graphene is anticipated to stay strong by the end of medium-run forecast period.
High CAPEX and OPEX of producing conventional graphene through exfoliation and CVD are anticipated to pave way for the demand for lignin. Yet, lignin is not a substitute of graphite (starting material of graphene) but holds potential as lignin-based products have near similar properties as carbon-based products.
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Covid-19 Impact on Global Lignin-Based Graphene Market
COVID-19 has negatively impacted the business of lignin products. Decline is observed primarily on the back of shrink in investments in research and development of lignin based products.
Despite inexpensiveness and high potential of the lignin based products, demand declined due to the reduced investor confidence in Q2 and Q3 of 2020. Delay in pilot production projects and rescheduling of expected launch of product has affected the sales stance over the same period.
Investments are expected to strengthen by 2022 and the business is again anticipated to takeoff at a rapid rate over the medium run to long-run forecast period.
Global Lignin-based Graphene Market Geographical Outlook
Lignin based products research primarily initiated in US and Europe, production units of lignin based graphene are also positioned in these regions. Due to higher investments in R&D and lower volume production of lignin based products including graphene to restrict the production bases to these regions over the medium-run forecast period.
With the extensive adoption of lignin based products, geographical outreach of the production of lignin based products is anticipated to expand at a magnificent rate over the forecast period
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Who are the Key Manufacturers of Lignin-based Graphene?
Being a moderately consolidated market, players have a predominant presence across areas.
- Stora Enso
so forth are among the dominant players in lignin-based graphene business.
Inorganic development methodologies adopted by Domtar incorporates collaboration with research scientists at the United States Department of Agriculture's Forest Products Laboratory in Madison, Wisconsin to produce graphene out of lignin.
Also, acquisitions and building up long haul supply contracts with the ventures is giving an upper hand to the players. Joint development procedures and extensive investment in R&D are the prominent strategies followed by the prominent players such as borregaard and Domtar to stay ahead in the business.
Lignin-Based Graphene Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
An Adaptive Approach to Modern-day Research Needs
- Composites Manufacturing
- Paints Additive
- Energy Storage
- Tire Production
- Aerospace & Defense
- Paints & Coatings
- Building & Construction
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Argentina & Rest of Latin America
- Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
- East Asia
- China, Japan, South Korea
- South Asia
- India, Thailand, Malaysia, Indonesia and Rest of South Asia
- Australia and New Zealand
- Middle East and Africa
- GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa
- North America
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE: All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of FACT.MR.
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