USD 854.72 million
Global Lignin Market Size, Share, Growth Analysis, By Application(Macromolecule, Aromatic), By Product(Ligno-Sulphonates, Kraft) - Industry Forecast 2024-2031
Report ID:
SQMIG15C2039 |
Region:
Global |
Published Date: February, 2024
Pages:
234
|
Tables:
62 |
Figures:
75
Global Lignin Market Insights
Global Lignin Market size was valued at USD 854.72 million in 2019 and is poised to grow from USD 904.86 million in 2023 to USD 1389.09 million by 2031, growing at a CAGR of 5.8% in the forecast period (2024-2031).
Lignin’s are becoming popular since they Exhibit various advantages such as plentiful functional group, good biocompatibility, low toxicity, high carbon content that can be transformed into composites and carbon materials.
Lignin based materials are usually environmentally friendly and low cost, and they are widely used in energy storage environments, electronic devices, and other fields. Moreover, it has a number of industrial uses as a binder for particle board and similar laminated or composite wood products, as a soil conditioner, as a filler or active ingredient in phenolic resins, and as an adhesive for linoleum. It's second only to cellulose as the most abundant organic material on Earth, though relatively few industrial uses other than as a fuel have been found. It primarily forms a major constituent of wood, along with cellulose. Various major components of leggings are used in different processes for human uses, such as oil additives, agricultural chemicals, cement additives, water treatment, and dyes used in textiles.
US Lignin Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Macromolecule
Fastest Growth
Macromolecule
Growth Rate
5.8% CAGR
Global Lignin Market By Application ($ Bn)
Country Share for North America Region (%)
Global Lignin Market By Application ($ Bn)
Global Lignin Market By Application(%)
To get more reports on the above market click here to Buy The Report
Global Lignin Market Segmental Analysis
Global Lignin market is segmented on the basis of application, vertical, solution, and region. By application, the Lignin Market is segmented into Macromolecule, Aromatic and others. By product, the Lignin Market is segmented into Ligno-Sulphonates, Kraft, Organosolv and others. By solution, the Lignin Market is segmented into Hardware and Software. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Lignin Market Analysis by Application
By application, the global market is divided into many segments such as Macromolecule, Aromatic and others. The Macromolecule segment held largest global Lignin market share due to the wide range of benefits provided by Lignin in it. The vitality of macromolecules has increased due to the growth in application of carbon fibers as lightweight materials in automotive and construction industries.Moreover, rising demand for lightweight material in aerospace and automotive manufacturing industries has increased the popularity of carbon fibers.
Global Lignin Market By Application, 2023 (%)
To get detailed analysis on other segments, Request For Free Sample Report
Global Lignin Market Regional Insights
Globally, Europe is estimated to hold the highest global Lignin market share in 2021, followed by North America and Asia Pacific. In Europe, the U.K., Germany, and France are the leading revenue generator countries to the Europe market. Main factors during this growth period is the presence of top market players, increasing demand and others.
Above all, Asia Pacific is expected to grow fastest during the forecast period. The reason for the same is increasing acquisition of Lignin technology in the region of Asia Pacific and mainly in China and Japan. In addition, various manufacturers are investing heavily in order to provide lignin at an affordable price to the consumers, which is likely to boost the demand for Lignin in the region.
Global Lignin Market By Region, 2024-2031
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Global Lignin Market Dynamics
Lignin Market Drivers
Raw Material Availability to Bolster Market Growth
- The demand and supply of lignin on global scale is increasing due to the increased awareness about the various range of application it can provide.Not only from extremely pure sources, lignin can be extracted through low purity from waste produced in various sectors such as pulp and paper and biorefineries, which is inducing growth of market.Moreover, rising availability of raw material and easy production is widening the scope of growth for the market.In other words, lightning can be extracted using arenas of various methods such as sulphite pulping, kraft pulping, organosolv pulping, soda pulping and hydrolysis techniques that directly influence the market growth.
Lignin Market Restraints
High Cost to Hinder Market Growth
- The various major restrain for the lightning market includes high cost associated with research and development proficiency, construction of green buildings instead of using lightning as an additive, and dearth of awareness in the backward economies.Moreover, other restraint includes fluctuation in the prices of lignin, high cost associated with products and lack of suitable infrastructure in low and middle income countries.
Request Free Customization of this report to help us to meet your business objectives.
Global Lignin Market Competitive Landscape
Competition in the global Lignin market is expected to increase during the forecast period because new players are expected to enter in the global market and the number of products compatible with Lignin will also increase. Currently, only a few key players are providing their services in the global market but these numbers will increase in the upcoming years.
Lignin Market Top Player’s Company Profiles
- Borregaard ASA
- Domsjö Fabriker AB
- Nippon Paper Industries Co., Ltd.
- Rayonier Advanced Materials Inc.
- Stora Enso Oyj
- UPM-Kymmene Corporation
- MeadWestvaco Corporation
- Changzhou Shanfeng Chemical Industry Co., Ltd.
- Tembec Inc.
- Aditya Birla Chemicals
- Domtar Corporation
- WestRock Company
- GreenValue Enterprises LLC
- Asian Lignin Manufacturing Pvt. Ltd.
- Dallas Group of America, Inc.
- Lignin Products Pty Ltd
- Lignol Energy Corporation
- Novozymes A/S
- RenCom AB
- Sappi Limited
Lignin Market Recent Developments
- In August 2022, Sustainability-focused Lignopure developed a particle technology to fully utilize lignin from industrial side streams. The technology will be featured in the company's LignoBase line (INCI: Not Provided), set to launch in 2023.
Global Lignin Key Market Trends
- The various countries across the globe see a bright future in the development of lignin. Therefore, there has been an increase in funding from the federal government pertaining to the research and development profession that is bolstering the growth of the lignin market.Along with research and development, there has been a rise in technological advancement pertaining to the manufacturing technology that is helping in the growth of market.
Global Lignin Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global Lignin market analysis, the global market is estimated to have significant growth during the forecast period because of the benefits it consists such as they Exhibit various advantages such as plentiful functional group, good biocompatibility, low toxicity, high carbon content that can be transformed into composites and carbon materials.. Lignins will enable products to be more convenient for their users. The market has so much potential for new players also because of the high expected rate of growth and demand.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 854.72 million |
| Market size value in 2031 | USD 1389.09 million |
| Growth Rate | 5.8% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Lignin Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Lignin Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Lignin Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Lignin Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Lignin Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Lignin Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Lignin Market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
