Chemicals and Advanced Materials

Lignin Market Segmentation by Product (Cellulose Enzyme, Milled Wood, Chemical Lignin, and Others); by Source (Ligno-Sulphonates, Kraft Pulping, and Other s); and by Application (Macromolecules, Aromatics, and Others) – Global Demand Analysis & Opportunity Outlook 2029

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Report ID: 3038 | Published On: Feb 01, 2022

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Inflation and Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022. Purchasing power in the country is expected to fell nearly by 2.5%.
On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.

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Global Lignin Market Highlights over 2020-2029

The global lignin market is expected to grow at a moderate CAGR over the forecast period, i.e., 2021-2029 owing to the multiple applications of lignin in animal feeds, carbon fibres, concrete mixes, and others. Lignin is highly affordable, renewable, organic in nature, aromatic, and dispersant, which is estimated to boost the market growth. Apart from this, constant R&D activities along with rising demand for lignin especially in emerging countries for their developmental projects are expected to generate significant growth opportunities for market during the forecast period. Lignin is also being developed to be used to curb water pollution. According to a report by the U.S. Environment Protection Agency, lignin can be used as an effective and low-cost absorbent for metallic water pollutants.

Global Lignin Market

The global lignin market is segmented on the basis of application into macromolecules, aromatics, and others, out of which, the macromolecule segment is expected to garner largest market share during the forecast period. Macromolecules can be processed further to generate carbon fibres, bitumen, bio-refinery catalysts, biofuels, and activated carbon, which is projected to drive the segment growth.

Global Lignin Market Regional Analysis

Regionally, the global lignin market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.

The market in Asia Pacific region is expected to record the highest CAGR in the lignin market during the forecast period owing to the rise in construction activity in nations, including China, India, Japan, and South Korea backed by increasing population. Additionally, increasing usage of lignin in paper and pulp industry is estimated to propel the lignin market in the region. The market in Europe is estimated to occupy notable share during the forecast period, owing to the rising production of biopolymers in France, Germany, and Netherlands. Furthermore, ascending aromatic application of lignin in aromatic alcohol, along with extensive research and development by various prominent players are expected to add to the market growth in Europe region. CLICK TO DOWNLOAD SAMPLE REPORT

Lignin Market

The global lignin market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  •  Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the global lignin market includes the following segments:

By Product

  • Cellulose Enzyme Lignin
  • Milled Wood Lignin
  • Chemical Lignin
  • Others

By Source

  • Ligno-Sulphonates
  • Kraft Pulping
  • Others

By Application

  • Macromolecules
  • Aromatics
  • Others

Global Lignin Market
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Growth Drivers

  • Rising Demand for Bio-Based Polymer Products
  • Increasing Need for Increasing Livestock Production
  • Growing Construction Activities Globally

  • The Cost of Transportation of Raw Lignin is a Lot More Than the Cost of The Products

Lignin Market
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Top Featured Companies Dominating the Market

    • Borregaard LignoTech
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Domtar Corporation
    • Aditya Birla Group (Domsjö Fabriker AB)
    • Nippon Paper Industries Co., Ltd.
    • METSA Group
    • Burgo Group S.p.A.
    • The Ingevity Group
    • Rayonier Advanced Materials
    • Stora Enso Oyj

    Merck KGaA (Sigma Aldrich)

Key Questions Answered in the Report

1) What are the major factors driving the growth of the lignin market?

Ans: Rising environment awareness and increasing use of bio-polymers are the major factors driving the market growth.

2) What would be the CAGR of lignin market over the forecast period?

Ans: The market is anticipated to attain a moderate CAGR over the forecast period, i.e., 2021-2029.

3) What are the challenges affecting the lignin market growth?

Ans: Low cost of lignin products, which makes transportation costlier than overall product price is the major factor estimated to hamper the market growth.

4) Which region will provide more business opportunities for growth of lignin market in future?

Ans: The market in Asia Pacific is estimated to garner the largest market share owing to the growing construction industry in the region, which creates further growth opportunities.

5) Who are the major players dominating the lignin market?

Ans: The major players in the market are Aditya Birla Group (Domsjö Fabriker AB), Nippon Paper Industries Co., Ltd., METSA Group, Burgo Group S.p.A., The Ingevity Group, Rayonier Advanced Materials, and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the Lignin market?

Ans: The market is segmented by product, source, application, and by region.

8) Which sub-segment captures the largest market size in the application segment in the market?

Ans: The macromolecules segment is anticipated to hold largest market over the forecast period as they are used to make carbon fibres and other bio-polymers.

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