Report Scope & Overview:
Lignin Market is evaluated at USD 1.01 billion in 2022 and expected to reach USD 1.21 billion by 2030, and grow at a CAGR of 2.3% over the forecast period 2023-2030. Lignin is an organic compound produced naturally by woody plants like shrubs and trees, as well as algal species like seaweed and red algae. It strengthens and stiffens cell walls by acting as a natural binder in plant cellulose fibers. Lignin has a number of advantages, including illness prevention, antioxidants, sustainability, and widespread availability, all of which will help drive market expansion. Lignin is the world's second most abundant plant-derived polymer, and it's employed as an additive, a dispersion, and a binder, among other things. Due to an increase in robust growth in the animal feed additives market, the worldwide lignin market is likely to see again in sales over the next five years. Additionally, expanded commercial applications in animal feed additives, agriculture, industrial cleaners and water treatment, oil field chemicals, industrial binders, battery additives, and a variety of other industries are expected to boost sales in the future years.
Increasing demand in animal feed industry as a natural additive
Increasing demand for carbon fibers
High demand in polyurethane foams
Lack of awareness.
Animals face a barrier to nutrient digestion.
Increasing investment in the aircraft industry.
Increasing use of naturally derived raw materials
Lack of consumer awareness
Impact of Covid-19:
The global lignin market is negatively affected by the rapid spread of coronavirus. Manufacturers from lignin market are taking efforts to recover from the losses from COVID-19 by adopting a strategic approach. The strong presence of manufacturers operating in the lignin market is driving the demand amid the coronavirus pandemic. Top market players in the global lignin market are focusing on generating profitable avenues during the pandemic through product innovation activities. The increase in production and demand for concrete additive is expected to be a key driver of the global lignin market. Growing applications of lignin as dye stuff, animal feed, and concrete additive are projected to drive the global market in the upcoming years. The rising demand for lignin as an organic additive is expected to drive the global lignin market during the forecast period. During the projected period, the global lignin market is expected to be driven by increased demand for lignin as an organic additive.
Domsjö Fabriker AB, Nippon Paper Industries Co., Ltd., MeadWestvaco Corporation, Borregaard LignoTech, Domtar Corporation., Nippon Paper Industries Co., Ltd., Changzhou Shanfeng Chemical Industry Co Ltd., UPM-Kymmene Corporation, Tembec, Inc.
Low purity lignin
Europe is seeing a large rise in lignin biorefinery production capacity, which will boost product availability. Growing demand for biochemical feedstocks is being seen in mature economies in the region, such as the United Kingdom, Germany, and France, as well as technological breakthroughs in biotechnological extraction techniques. Furthermore, the use of lignin in specialised applications such as animal feed, vanillin, phenol, cleaning chemicals, and micronutrients is increasing in the region, which would boost market growth.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 1.01 Billion|
|Market Size by 2030||US$ 1.21 Billion|
|CAGR||CAGR of 2.3% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Product (Low purity lignin, Lignosulphonates, Kraft lignin, Others)
• By Application (Macromolecules, Aromatics)
• By Downstream Potential (Vanillin, Carbon fiber, Phenol, BTX) Application (Concrete Additive, Animal Feed, Dye Stuff, Cosmetics, Absorbents)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Domsjö Fabriker AB, Nippon Paper Industries Co., Ltd., MeadWestvaco Corporation, Borregaard LignoTech, Domtar Corporation., Nippon Paper Industries Co., Ltd., Changzhou Shanfeng Chemical Industry Co Ltd., UPM-Kymmene Corporation, Tembec, Inc.|
|DRIVERS||• Increasing demand in animal feed industry as a natural additive
• Increasing demand for carbon fibers
• High demand in polyurethane foams
|RESTRAINTS||• Lack of awareness.
• Animals face a barrier to nutrient digestion.
Frequently Asked Questions (FAQ) :
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: The fast spread of coronavirus has a negative impact on the global lignin market. Manufacturers in the lignin sector are using a strategic approach to recoup from the losses caused by COVID-19. The substantial presence of lignin manufacturers is fueling demand in the face of the coronavirus pandemic. During the pandemic, top industry participants in the global lignin market are focused on product innovation to create profitable avenues. A growth in production and demand for concrete additives is expected to drive the worldwide lignin market. The usage of lignin as a dye, animal feed, and concrete additive is likely to drive the global market for lignin in the coming years.
Ans: Domsjö Fabriker AB, Nippon Paper Industries Co., Ltd., MeadWestvaco Corporation, Borregaard LignoTech, Domtar Corporation., Nippon Paper Industries Co., Ltd., Changzhou Shanfeng Chemical Industry Co., Ltd. And UPM-Kymmene Corporation, Tembec, Inc. are the major key players of Lignin Market.
Ans: Increasing investment in the aircraft industry and Increase use of naturally derived raw materials are the opportunity for Lignin Market.
Ans: Global Lignin Market Size was valued at USD 0.99 billion in 2021, and expected to reach USD 1.16 billion by 2028, and grow at a CAGR of 2.3 % over the forecast period 2022-2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
220.127.116.11 United Kingdom
18.104.22.168 South Korea
22.214.171.124 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Lignin Market Segment, By Product
8.1 Low purity lignin
8.3 Kraft lignin
9. Global Lignin Market Segment, By Application
10. Regional Analysis
10.2 North America
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4.2 South Korea
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.3 South Africa
10.6 Latin America
10.6.3 Rest of Latin America
11. Company Profile
11.1 Domsjö Fabriker AB
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
11.2 Nippon Paper Industries Co., Ltd.
11.3 Changzhou Shanfeng Chemical Industry Co., Ltd.
11.4 MeadWestvaco Corporation
11.5 UPM-Kymmene Corporation
11.6 Borregaard LignoTech
11.7 Tembec, Inc.
11.8 Domtar Corporation
13. Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
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