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Lignin Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A4865
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Market Overview:
The global lignin products market size reached US$ 1,019.6 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,217.5 Million by 2028, exhibiting a growth rate (CAGR) of 2.8% during 2023-2028.
Lignin products are derived from complex, non-toxic and biodegradable polymers, which are found naturally in the cell walls of dry-land plants. They exhibit excellent binding properties as they contain lignosulfonate that reduces sugar and sugar sulfonate. At present, they are utilized in wallboard, leather and water treatment, lead-acid batteries, oil recovery, industrial cleaners, and oil well drilling muds. They also find usage as adhesives, resins, binders, dispersants, emulsifiers, wetting agents, agglomerates, and chelating agents in various end use industries across the globe.
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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Lignin Products Market Trends:
Lignins can replace fossil-based raw materials in a wide range of products, such as plastics and chemicals. This, in confluence with a shift in consumer preferences towards the alternative sources of energy and chemicals due to the increasing prices and exhaustion of fossil fuel sources, represents one of the key factors bolstering the growth of the market. In addition to this, governing agencies of numerous countries are encouraging the adoption of energy-efficient measures in the pulp and paper industry to reduce carbon dioxide (CO2) emissions. This, in turn, is catalyzing the demand for refined lignin products to replace fossil-based phenols in resins for plywood, oriented strand board (OSB), laminated veneer lumber (LVL), paper lamination, and insulation material. Apart from this, lignin products are employed in the agriculture sector for making pesticides, fertilizer bricks, and animal feed pellets and additives. Furthermore, they find extensive usage in the healthcare industry as pharmaceutical excipients for tablet manufacturing. Besides this, the growing popularity of lignin-based carbon fibers as reinforcement composites in the aerospace industry is anticipated to provide lucrative opportunities to market players operating around the world.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global lignin products market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, source and application.
Breakup by Product:
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- Organosolv Lignin
- Kraft Lignin
- Lignosulphonates
- Others
Breakup by Source:
- Cellulosic Ethanol
- Kraft Pulping
- Sulphite Pulping
Breakup by Application:
- Concrete Additive
- Animal Feed
- Vanillin
- Dispersant
- Resins
- Activated Carbon
- Carbon Fibers
- Plastics/Polymers
- Phenol and Derivatives
- Others
Breakup by Region:
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- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aditya Birla Management Corporation Pvt. Ltd., Borregaard AS, Domtar Corporation, Green Agrochem, Ingevity Corporation, Merck KGaA, Nippon Paper Industries Co. Ltd., Rayonier Advanced Materials, Stora Enso Oyj, The Dallas Group of America Inc., West Fraser Timber Co. Ltd. and Wuhan East China Chemical Co. Ltd.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Million |
| Segment Coverage | Product, Source, Application, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | Aditya Birla Management Corporation Pvt. Ltd., Borregaard AS, Domtar Corporation, Green Agrochem, Ingevity Corporation, Merck KGaA, Nippon Paper Industries Co. Ltd., Rayonier Advanced Materials, Stora Enso Oyj, The Dallas Group of America Inc., West Fraser Timber Co. Ltd. and Wuhan East China Chemical Co. Ltd. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global lignin products market was valued at US$ 1,019.6 Million in 2022.
We expect the global lignin products market to exhibit a CAGR of 2.8% during 2023-2028.
The rising utilization of lignin products in the agriculture sector to produce pesticides, fertilizer bricks, and animal feed pellets, is primarily catalyzing the global lignin products market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in the temporary closure of numerous end-use industries for lignin products.
Based on the product, the global lignin products market can be segmented into organosolv lignin, kraft lignin, lignosulphonates, and others. Among these, lignosulphonates currently hold the majority of the total market share.
Based on the source, the global lignin products market has been divided into cellulosic ethanol, kraft pulping, and sulphite pulping. Currently, sulphite pulping exhibits a clear dominance in the market.
Based on the application, the global lignin products market can be categorized into concrete additive, animal feed, vanillin, dispersant, resins, activated carbon, carbon fibers, plastics/polymers, phenol and derivatives, and other. Among these, concrete additive currently accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Europe currently dominates the global market.
Some of the major players in the global lignin products market include Aditya Birla Management Corporation Pvt. Ltd., Borregaard AS, Domtar Corporation, Green Agrochem, Ingevity Corporation, Merck KGaA, Nippon Paper Industries Co. Ltd., Rayonier Advanced Materials, Stora Enso Oyj, The Dallas Group of America Inc., West Fraser Timber Co. Ltd., and Wuhan East China Chemical Co. Ltd.
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