Global Lignin Market - Market Size, Share & Industry Trends, Growth Analysis Report by Product Type, By Consumption and Forecast 2022 – 2032
Global Lignin Market by Product (Kraft, Ligno-Sulphonates, Organosolv), Application (Aromatic and Macromolecule), and Regions (APAC, Europe, North America, and LAMEA) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2022 – 2032
The Lignin market size was valued at USD 1.1 billion in 2022 and is expected to surpass USD XX billion by 2032, expanding at a CAGR of 2.4 % during the forecast period, 2022–2032. The market's growth is attributed to the demand for biofuels and other bioproducts increases, and research and development in the field of lignin utilization continue to advance.
INTRODUCTION
Lignin is a complex organic polymer found in the cell walls of many plants, including trees and other woody plants. It is one of the main components of wood and serves as a structural support material, helping to provide strength and rigidity to the plant. Lignin also plays a role in protecting the plant from disease and pests, as well as helping to reduce water loss. It is a complex, amorphous material that is difficult to break down and is one of the main components that makes recycling paper difficult.
The global lignin market is a growing market, driven by increasing demand for biofuels and other bioproducts. Lignin is a byproduct of the pulp and paper industry and can be used as a feedstock for the production of biofuels, such as ethanol and biodiesel, as well as other bioproducts like animal feed, chemicals, and even carbon fibers.
The market is segmented based on application, source, and geography. Based on application, the market is segmented into chemicals, biofuels, animal feed, and others. Based on the source, the market is segmented into softwood, hardwood, and others.
Market Trends, Drivers, Restraints, and Opportunities
Scope of the Report
Attributes |
Details |
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Report Title | Lignin Market - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast |
Base Year | 2022 |
Historic Data | 2021–2022 |
Forecast Period | 2022–2032 |
Segmentation | Product (Kraft, Ligno-Sulphonates, Organosolv), Application (Aromatic and Macromolecule) |
Regional Scope | APAC, Europe, North America, and LAMEA |
Key Players Covered in the Report | Aditya Birla Group (India); Borregaard Ligno Tech (Norway); Liquid Lignin Company LLC (U.S.); Domtar Corporation (U.S.) |
Market Segment Insights
The lignosulfonates segment is projected to register a considerable CAGR
Based on product, the lignin market is divided into kraft, lignosulfonates, and organosol. The lignosulfonates segment is expected to expand at a rapid pace during the forecast period owing to the increased application of concrete mixtures on account of improvement in the construction sector.
The macromolecule segment is expected to expand at a rapid pace
Based on application, the lignin market is divided into aromatic and macromolecule. The macromolecule segment is expected to expand at a rapid pace during the forecast period owing to growth in the application of carbon fibers as lightweight materials in the automotive and construction industries.
Europe constitutes a key market share of 40.1%
In terms of regions, the lignin market is classified as APAC, Europe, North America, and LAMEA. Europe has a 40% share of the global market and is expected to continue to lead the market throughout the forecast period due to regulation norms for greenhouse gas emissions restriction coupled with a prominent biopolymer production base. However, the market of the Asia-Pacific region is expected to be the largest market for lignin, driven by the increasing demand for biofuels and other bioproducts in countries like China and India. The North American region is also expected to have significant growth in the lignin market, driven by increasing environmental regulations and the need for sustainable solutions.
Competitive Landscape
Key players competing in the Lignin market are Aditya Birla Group (India); Borregaard Ligno Tech (Norway); Liquid Lignin Company LLC (U.S.); Domtar Corporation (U.S.).
FAQs
Mention the market size of Lignin in 2022.
The market size of Lignin in 2022 was USD 1.1 billion.
During the forecast period, what is the CAGR of the market?
During the forecast period, the CAGR of the market is expected to be 2.4%.
What are the key drivers of the market?
The market's growth is attributed to the demand for biofuels and other bioproducts increases, and research and development in the field of lignin utilization continue to advance.
What segments are covered in the Lignin report?
The segments covered in the report are product (kraft, lignosulfonates, organosol), and application (aromatic and macromolecule).
Mention which region is expected to hold the highest share of the Lignin market.
The Europe region is expected to hold the highest share of the Lignin market.
Mention the key players in the market.
Key players competing in the Lignin market are Aditya Birla Group (India); Borregaard Ligno Tech (Norway); Liquid Lignin Company LLC (U.S.); Domtar Corporation (U.S.).
1 INTRODUCTION TO GLOBAL LIGNIN MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF WISH TREE INSIGHTS
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL LIGNIN MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Value Chain Analysis
5 GLOBAL LIGNIN MARKET, BY PRODUCT
5.1 Overview
5.2 Kraft
5.3 Ligno-Sulphonates
5.4 Organosolv
6 GLOBAL LIGNIN MARKET, APPLICATION
6.1 Overview
6.2 Aromatic
6.3 Macromolecule
7 GLOBAL LIGNIN MARKET, BY GEOGRAPHY
7.1 Overview
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 U.K.
7.3.3 France
7.3.4 Rest of Europe
7.4 The Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Rest of the World
7.5.1 Latin America
7.5.2 The Middle East & Africa
8 GLOBAL LIGNIN MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies
9 COMPANY PROFILES
9.1 Aditya Birla Group (India)
9.1.1 Overview
9.1.2 Financial Performance
9.1.3 Product Outlook
9.1.4 Key Developments
9.2 Borregaard Ligno Tech (Norway)
9.2.1 Overview
9.2.2 Financial Performance
9.2.3 Product Outlook
9.2.4 Key Developments
9.3 Liquid Lignin Company LLC (U.S.)
9.3.1 Overview
9.3.2 Financial Performance
9.3.3 Product Outlook
9.3.4 Key Developments
9.4 Domtar Corporation (U.S.)
9.4.1 Overview
9.4.2 Financial Performance
9.4.3 Product Outlook
9.4.4 Key Developments
10 Appendix
10.1 Related Research
Segments Covered in the Report
Product
Application
Regions
Key Players
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