Lignin Market

Lignin Market, By Product (Lignosulfonates, Kraft Lignin, Others), By Application (Concrete Additives, Animal Feed, Dye Stuff, Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Global lignin market was accounted for US$ 941.1 Million in terms of value by the end of 2022. Lignin is also known as monolignols. Lignin products are widely used in vanillin, phenol, carbon fibers, biofuels, bitumen, and bio-refinery catalysts.

Market Dynamics

Rising demand for the production of polyurethane foams from various end-user industries such as electronic, furniture, automotive, and the packaging is expected to drive the market growth. Rising investment in the development and infrastructural activities by the government globally is expected to drive the market growth.

Strong demand for the product from the animal feed industry as a natural additive is expected to foster the market growth of lignin. Lignin plays an important role in the overall development of animal diet and provides high fiber content to the animal which helps in the fight against infections. Increasing use of the product in insecticides and pesticides since it helps to prevent microbial attacks and also control the growing weeds is further fostering the market growth.

Increasing use of naturally derived raw materials for the production of polymers is expected to bring new market opportunities. Lignin is used in the manufacturing of phenolic resins, BTX, vanillin, and phenol. Moreover, the expansion of the chemical industry coupled with the rising awareness regarding greenhouse gas emissions is further propelling the market growth of the lignin.

Growing use of lignin in the production of insecticides and pesticides is further driving the market growth. Moreover, rising demand for lightweight products from the aerospace industry is driving the overall growth of the market.

Key features of the study:

• This report provides in-depth analysis of global lignin market size (US$ Million), and compound annual growth Rate (CAGR %) for the forecast period (2023 – 2030), considering 2022 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
• It profiles leading players in the global lignin market based on the following parameters–company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study includes Borregaard LignoTech, Changzhou Shanfeng, Chemical Industry Co., Ltd., Domsjo Fabriker AB, Domtar Corporation, MeadWestvaco Corporation, Nippon Paper Industries Co., Ltd., Tembec, Inc., and UPM Kymmene Corporation
• Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future product launches, product up-gradation, market expansion, and marketing tactics
• Global lignin market report caters to various stakeholders in this industry including investors, suppliers, global fatty acid ester manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global lignin market

Detailed Segmentation:

• Global Lignin Market, By Product:
• Lignosulfonates
• Kraft Lignin
• Others
• Global Lignin Market, By Application:
• Concrete Additives
• Animal Feed
• Dye Stuff
• Others
• Global Lignin Market, By Region:
• North America
• Europe
• Latin America
• Asia-Pacific
• Middle East & Africa
• Company Profiles
• Borregaard LignoTech
• Changzhou Shanfeng Chemical Industry Co., Ltd.
• Domsjö Fabriker AB
• Domtar Corporation
• MeadWestvaco Corporation
• Nippon Paper Industries Co., Ltd.
• Tembec, Inc.
• UPM-Kymmene Corporation