Lignin Market Insights, Business Growth Opportunities and Forecast to 2027

Posted on 2022-06-15 by researchinsights in Industrial // 0 Comments

San Francisco, California , USA, June 15, 2022 — /EPR Network/ —

Lignin Industry Overview

The global lignin market size is expected to reach USD 1.12 billion by 2027, according to a new report by Grand View Research Inc. It is anticipated to expand at a revenue-based CAGR of 2.0% over the forecast period. Wide acceptance of lignin as a natural feed additive is anticipated to drive the demand. Increasing application in construction and industrial sectors is also likely to support the growth.

Refined lignin is obtained from pulping process, thus, major pulp and paper manufacturers engage in lignin production, which is projected to support the market growth. Commercial availability of the products coupled with increasing demand from application, such as macromolecules and aromatics is anticipated to positively influence the market in the forthcoming years.

Technological advancements in lignin products have promoted manufacturing of advanced materials including carbon fiber, vanillin, phenols, and BTX that can be further processed for dispersants and binders and adhesives. Moreover, lignosulfonates and kraft lignin are widely being accepted in industrial applications.

Lignin Market Segmentation

Grand View Research has segmented the global lignin market on the basis of product, application, and region:

Based on the Product Insights, the market is segmented into Ligno-sulphonates, Kraft, Organosolv and Others.

Ligno-sulphonates emerged as the largest product segment in the lignin market in 2019 and is estimated to maintain its dominance throughout the forecast period.
The increasing importance of biofuels in Europe and North America on account of regulatory support to reduce air pollution and decreasing levels of Greenhouse Gas (GHG) emissions is expected to fuel the demand for kraft lignin over the forecast period.
Sulfur-free lignin products are anticipated to witness an increased demand in the automotive and construction industries in North America, owing to increasing demand for dispersant.

Based on the Application Insights, the market is segmented into Macromolecules and Aromatics.

Macromolecules application accounted for 57.7% market share in terms of revenue in 2019 and is expected to ascend at a CAGR of 1.9% from 2020 to 2027.
Rising awareness regarding GHG emissions has surged the demand for bio-based polymer products. Lignin is likely to witness augmented demand for the production of aromatics during the forecast period.

Lignin Regional Outlook

North America
Europe
Asia Pacific
Central & South America (CSA)
Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

The market players focus on the production, precise extraction, and cultivation of lignin. The leading players are focusing on the development of products that can be used in multiple applications.

Some prominent players in the global Lignin market include

Borregaard LignoTech
Domtar Corporation
Aditya Birla Group
Liquid Lignin Company LLC
Nippon Paper Industries Co., Ltd
Metsa Group

Order a free sample PDF of the Lignin Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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