Lignin Market: Europe Is Projected To Continue Leading Over The Forecast Period

 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. Increased application of concrete mixtures in China, India, and the U.S. on account of improvement in the construction sector are anticipated to fuel demand for lignosulfonates, thereby supporting the growth of the product segment.
  • 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. Ascending the application of lignin as a dust suppressor is likely to open new avenues for market players in the forthcoming years.
  • 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.
  • Reducing use of crude oil containing phenolic resinsand carbon fibers has increased the penetration of bio-based raw materials, which is likely to drive the demand for lignin. Moreover, the market players are focusing on investments in R&D to manufacture the product for construction applications.

 

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. Growth in application of carbon fibers as lightweight materials in automotive and construction industries is anticipated to increase the importance of macromolecules.
  • Rising demand for lightweight materials in aerospace and automotive manufacturing industries has increased the popularity of carbon fibers. Moreover, increasing demand for lightweight vehicles in light of better performance and durability are expected to generate the product demand.
  • Stringent regulations in order to raise awareness to earn carbon benefits and reducing greenhouse emissions have compelled polymer manufacturing companies to increase investments in the development of naturally derived raw materials.

 

Lignin Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

 

Key Companies Profile & Market Share Insights

The key market players include Borregaard LignoTech, Domtar Corporation, Aditya Birla Group, Liquid Lignin Company LLC, Nippon Paper Industries Co., Ltd., and Metsa Group. 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. For instance, Borregaard LignoTech AB, a producer of lignin, offers specialty products that find application in the manufacturing of gypsum boards, fertilizers, industrial binders, emulsions, carbon black, battery additives, and others.

 

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.

 

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

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