The “Global Lignocellulose Derived Chemicals Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026” research study on Decisiondatabases.com provides a detailed outlook of the growth trends, market drivers, opportunities and restraints of the global lignocellulose derived chemicals market. The report expects that the global lignocellulose derived chemical market would have a CAGR of 5% within the forecasted period from 2020-2026.
Lignocellulose refers to dry matter from plants also referred to as biomass. It is called lignocellulosic biomass and it is the most abundant raw material on the Earth which helps in the production of biofuels such as bio-ethanol. Lignocellulose is a complex matrix comprising of many different polysaccharides, phenolic polymers and proteins and it is the non-starch based fibrous part of plant material. The lignocellulose derived chemicals include lignin, hemicellulose and cellulose. Hemicellulose and cellulose are polymers of carbohydrate whereas lignin is an aromatic polymer. Cellulose which is the major component of cell walls of plants is a glucan polysaccharide that contains large reservoirs of energy that provides the potential for conversion into biofuels. Lignocellulosic biomass consists of a variety of materials with unique physical and chemical characteristics. These biopolymers are used actively for the production of biogas, bio-hydrogen, bio-power, diesel, ethanol and gasoline.
The rise in the awareness of bio-based products and the growth in demand from end-use industries are the factors driving the growth of the lignocellulose derived chemicals market. Fossil fuels are limited sources of energy and energy production is mainly based on fossil fuels. However, bioenergy has become the fastest-growing alternative to conventional energy sources thus also increasing demand for the lignocellulosic derived chemicals market.
By applications, the global lignocellulose derived chemicals market is segmented into pulp & paper, food, fisheries, agriculture & forestry, biomass and chemical & energy. Biomass & pulp & paper have emerged as the leading segments owing to a major market share held by them in the market.
By geography, Asia Pacific, North America, Europe, Latin America and Middle East & Africa are the segments of the global lignocellulose derived chemicals market. Asia Pacific has been identified to be the leading segment in this segmentation as per the segment.
The report also covers the competitive landscape of the overall market with company profiles of key players such as BASF SE, Bluefire Renewables, Harris Group Inc., Huber Research Group and The Dow Chemical Company among others. It also comprises of information on each company profile in terms of headquarters, inception, stock listing, upcoming capacities, key mergers & acquisitions, financial overview and recent developments thus providing a comprehensive idea about the competitive positioning of market players.
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