Global Lignin Products Market Growth 2023-2029

Global Lignin Products Market Growth 2023-2029

Lignin is the most abundant natural raw material available on Earth in terms of solar energy storage. It represents 30 per cent of all the non-fossil organic carbon on Earth. Lignin can be used as a green alternative to many petroleum-derived substances, such as fuels, resins, rubber additives, thermoplastic blends, nutra and pharmaceuticals. It is also known to be the only renewable source for industrial aromatics production. Lignin can be found in other plants, such as cereal straws, bamboo and bagasse, but it is in wood that lignin content is the highest in terms of weight: 20–35 percent in wood compared to 3–25 per cent in other lignin sources.

Typically, kraft and organosolv lignins are two suitable candidates, whereas lignosulfonates will most likely lead to lower-value chemicals, which require more complicated processing.

LPI (LP Information)' newest research report, the “Lignin Products Industry Forecast” looks at past sales and reviews total world Lignin Products sales in 2022, providing a comprehensive analysis by region and market sector of projected Lignin Products sales for 2023 through 2029. With Lignin Products sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Lignin Products industry.

This Insight Report provides a comprehensive analysis of the global Lignin Products landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Lignin Products portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Lignin Products market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Lignin Products and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Lignin Products.

The global Lignin Products market size is projected to grow from US$ 1036.9 million in 2022 to US$ 1911.3 million in 2029; it is expected to grow at a CAGR of 1911.3 from 2023 to 2029.

Europe is the largest producer of Lignin Products, with a share about 40%, followed by Middle East, Africa and China, etc. Borregaard LignoTech was the global largest manufacturer in Lignin Products industry, accounted for more than 40% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Lignin Products market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Kraft Lignin

Lignosulphonates

Others

Segmentation by application

Construction

Agricultural Industry

Animal Feed

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Borregaard LignoTech

KMT Polymers

Tembec (Rayonier Advanced Materials)

Domtar

Nippon Paper

Domsjo Fabriker

MWV (WestRock)

Weili Group

Wuhan East China Chemical

Shenyang Xingzhenghe Chemical

Xinyi Feihuang Chemical

Key Questions Addressed in this Report

What is the 10-year outlook for the global Lignin Products market?

What factors are driving Lignin Products market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Lignin Products market opportunities vary by end market size?

How does Lignin Products break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.