Lignin Market Size, Share & Industry Analysis, By Product (Ligno-sulphonates, Kraft, Organosolv, Others), By Application (Macromolecule, Aromatic, Others) And Regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
Lignin is a class of organic polymers that form the prime structural material in the supporting tissues of vascular plants and algae. They are particularly significant in formation of cell walls in wood and barks. Chemically, lignins are cross-linked phenolic polymers with molecular mass more than 10000 unified amu. It is hydrophobic in nature and rich in aromatic subunits. Manufacturers in the lignin market are actively working to recover from their losses. However, the rise in production and demand for concrete additives, along with the increasing use of lignin as an organic additive, are positive developments. The future of the market appears promising, thanks to the growing reach of the Internet and e-commerce platforms.
Increasing demand for lignin in animal feed due to its nutritional content is expected to drive the market. It is used in production of macromolecules used in the development of bitumen, bio-refinery catalysts, and biofuels and is expected to support the lignin industry growth. Additionally, increasing demand for concrete admixtures, adhesives and binders in infrastructure is expected to boost the market growth.
However, lack of awareness in consumers about lignin and lignin industry products is expected to hinder the market growth.
Key Market Driver -
Increasing demand for animal feed and cosmetics.
Key Market Restraint -
Lack of awareness in consumers.
Market Segmentation:
Based on product, the global lignin market is segmented into ligno-sulphonates, kraft, and organosolv. Based on application, is segmented into macromolecule, aromatic, and other applications.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Players Covered:
The global Lignin market consists of global & regional players operating. Some of the key players in the market include-
- Borregaard LignoTech
- Domtar Corporation
- Aditya Birla Group
- Liquid Lignin Company LLC
- Nippon Paper Industries Co., Ltd
- Metsa Group
- Others
Key Insights
- New Advancements in Production Technologies
- Key Trends in the Lignin Market
- New Product Launches, Expansions, Key Players
- Ranking of Key Players in the Market
Regional Analysis:
The lignin market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe held the largest share in market in 2019. Increasing demand for biopolymers from France, Germany, Belgium and Netherlands, is expected to further raise the demand for lignin. Asia Pacific is the fastest growing market attributed to the increasing demand for products sourced from bio based sources. North America is expected to show considerable growth attributed to the shifting trends of chemical industries towards bio-based raw materials. Latin America and Middle East & Africa shall exhibit sluggish growth by the end of forecast period.
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Lignin Market Segmentation
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Lignin Industry Developments
- In June 2020, Metsa and Fortum joined forces to develop a exceptional R&D program from renewable and sustainable sources. The main objective of the joint venture is to provide high value end-products made from components like straw, lignin and hemicellulose.
- Ongoing
- 2023
- 2019-2022
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