According to IMARC Group’s latest report, titled “Lignin Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.’ the global lignin products market reached a value of US$ 988 Million in 2021. Lignin products refer to the goods manufactured using complex and organic polymers that occur naturally in the cell walls of dried plants. Some of the commonly used lignin products include high-purity and kraft lignin and lignosulphonates. They exhibit binding properties and are widely used for water treatment, oil well drilling and oil recovery. They are also used as a substitute for fossil-based materials in plastic and chemical products. As a result, lignin products find extensive application in the production of animal feed, plastics, polymers, resins, additives and carbon fibers.
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The global lignin products market is primarily being driven by the increasing demand for surface stabilizers to bind dust particles. Lignosulfonates are widely used on paved roads and construction sites to minimize the release of airborne dust particles. Moreover, various product innovations, such as the launch of biodegradable polymers, bio-asphalts and bio-based carbon fibers, are favoring the market growth. These products are extensively used in the production of plywood, oriented strand board (OSB), laminated veneer lumber (LVL), paper lamination and insulation materials. Other factors, including the increasing utilization of lignin products in pharmaceuticals medicines, along with the widespread product adoption in pesticides and animal feed pellets, are creating a positive outlook for the market. Looking forward, IMARC Group expects the market to reach US$ 1,222 Million by 2027, exhibiting at a CAGR of 3.30% during 2022-2027.
- 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.
- Wuhan East China Chemical Co. Ltd.
Key Market Segmentation:
Breakup by Product:
- Organosolv Lignin
- Kraft Lignin
Breakup by Source:
- Cellulosic Ethanol
- Kraft Pulping
- Sulphite Pulping
Breakup by Application:
- Concrete Additive
- Animal Feed
- Activated Carbon
- Carbon Fibers
- Phenol and Derivatives
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
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