Lignin Market Insights Foreseen to Grow Exponentially by 2023
The global lignin market insight is highly consolidated in nature, finds Transparency Market Research. New players may find lignin market quite difficult to crack owing to the intense entry barriers. This is because a few large players dominate the global lignin market. Top players enjoy a stronghold over the market and together they account for a substantial share in the global lignin market. Owing to their high market hold, even mid-sized players find it difficult to cope up with constantly reshaping of the market dynamics. Some of the prominent players operating in the global lignin market are Domtar Corporation, Borregaard LignoTech. Tembec, Inc., MeadWestcavo Corporation, and Domsjö Fabriker AB. According to a business intelligence report by TMR, the global lignin market insigt is expected to rise at a lackluster 2.75% CAGR from 2015 to 2023. The market is expected to attain a valuation of US$985.5 mn by 2023-end. Analysts evaluated the global lignin market at...