17-May-2022 | Facts and Factors
According to Facts and Factors, the global lignin market was valued at USD 851.68 million in 2021 and is predicted to increase at a CAGR of 1.90% to USD 1,028.70 million by 2028. The study examines the market in terms of revenue in each of the significant regions, which are classified into countries.
Increasing the use of the product in insecticides and pesticides, which helps to prevent microbial attacks and control weed growth, will fuel market growth in the coming years. The pulp and paper industry's growing need for this polymer is anticipated to boost lignin's market growth once again. One of the major trends in the market during the forecast period is the leading manufacturer's constant technological advancement.
Browse the full “Lignin Market By Product (Low Purity Lignin, Lignosulphonates, Kraft Lignin, Others), By Application (Macromolecules, Aromatics), By Downstream Potential ( Vanillin, Carbon Fiber, Phenol, BTX), and By Region - Global Insights, Growth, Size, Share, Comparative Analysis, Trends and Forecast Report 2022 – 2028" report at https://www.fnfresearch.com/lignin-market
Lignin has numerous advantages, including illness prevention, antioxidants, sustainability, and widespread availability, all of which will help the industry grow. Bioplastics will expand and gain market share as environmental rules strengthen and demand packaging rises due to changing consumer lifestyles. Significant population growth has resulted in the development of the construction sector, thereby resulting in an increased demand for paints & coatings. Aromatic compounds are dynamic to produce paints & coatings and lignin is among the primary sources of aromatic bio-based substrate, which will fuel the market forecasts. However, the Lack of awareness regarding the benefits and use of the product coupled with the minimal regulatory initiatives by the government is expected to hamper the market growth of lignin.
Segmental Overview
In terms of Downstream Potential, in 2021, the carbon fibers category accounted for the biggest share of the global lignin market. The market is expected to develop due to the rising demand from the wind energy and aerospace and defense industries. Furthermore, in the coming years, the implementation of severe eco-friendly policies in both developed and emerging countries is expected to fuel the market.
By product, in the oil and gas business, lignosulfonates are employed to reduce mud viscosity during deep oil well drilling. Lignosulfonates are also utilized to make smooth clay slips for use in ceramics. In addition, increased demand for lignosulfonate in concrete admixtures is a key driver of the worldwide lignin market. As a result of these causes, demand for lignosulfonates lignin is expected to rise throughout the forecast period.
Regional Overview
Europe has a major share in the global lignin market and is expected to hold its leading position in upcoming years. Due to an increase in the production capacities of lignin biorefineries, which will improve product availability due to technological advancements in the biotechnological extraction processes. Rising trends in the manufacturing of products from bio-based sources are expected to increase the regional market growth. The manufacture of pulp and paper goods by prominent market players in the region is expected to boost lignin production. In Europe, severe limitations on greenhouse gas emissions have created new market prospects for bio-based polymer manufacture.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 851.68 Million |
Projected Market Size in 2028 |
USD 1,028.70 Million |
CAGR Growth Rate |
1.90% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
Borgward Logotech, Rayonier Advanced Materials, Domtar Corporation, Damson Fabriker AB (Aditya Birla), Stora Enso Oyj, Burgo Group Spa, Changzhou Shanfeng Chemical Industry Company, The Dallas Group of America, Inc., Liquid Lignin Company, Nippon Paper Industries Co., Ltd., Metsa Group, Suzano SA, Ingevity Corporation, Sigma Aldrich, West Fraser, and Others |
Key Segment |
By Product, Application, Downstream Potential, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
Request customized purchase options to meet your research needs. Explore purchase options |
Competitive Landscape
The report contains qualitative and quantitative research on the global lignin market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.
List of Key Players in the Global Lignin Market:
- Borregaard LignoTech
- Rayonier Advanced Materials
- Domtar Corporation
- Domsjo Fabriker AB (Aditya Birla)
- Stora Enso Oyj
- Burgo Group Spa
- Changzhou Shanfeng Chemical Industry Company
- The Dallas Group of America, Inc.
- Liquid Lignin Company
- Nippon Paper Industries Co., Ltd.
- Metsa Group
- Suzano SA
- Ingevity Corporation
- Sigma Aldrich
- West Fraser
The global Lignin market is segmented as follows;
By Product
- Low Purity Lignin
- Lignosulphonates
- Kraft Lignin
- Others
By Application
By Downstream Potential
- Vanillin
- Carbon Fiber
- Phenol
- BTX
By Region
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
About Us:
Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.
Contact Us:
Facts & Factors
A 2108, Sargam,
Nanded City,
Sinhagad Road,
Pune 411041, India
USA: +1-347-989-3985
Email: [email protected]
Web: https://www.fnfresearch.com
