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Lignin Market Size and Forecast 2021 - 2031, Global and Regional Share, Trend and Growth Opportunity Analysis Report Coverage: By Type, Form, Application and Geography

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    Report

  • 322 Pages
  • August 2024
  • Region: Global
  • The Insight Partners
  • ID: 5834485
UP TO OFF until Dec 31st 2024
The lignin market size was valued at US$ 358.66 million in 2023 and is projected to reach US$ 552.40 million by 2031; it is estimated to register a CAGR of 5.5% from 2023 to 2031

Lignin is widely available as a by-product of the paper and pulp industry. It is getting immense traction for a variety of applications such as concrete additives, plastics and polymers, dyes and pigments, water treatment chemicals, and fertilizers, owing to its superior binding and dispersing properties. In the plastic and polymers industry, it is significantly substituting petroleum-based products such as phenolic resins. Further, lignin is also becoming popular as a low-cost and sustainable alternative to various fossil fuel-based resins. The rising demand for environmentally friendly alternatives to fossil-fuel-based products and the wide application scope of lignin drive the global market growth.

Lignin manufacturers are investing significantly in strategic development initiatives such as product innovations, mergers and acquisitions, and expansion of their businesses to attract a broad customer base and enhance their market position. Moreover, the demand for lignin is increasing among end-use industries due to rising environmental concerns and sustainability issues. For instance, in December 2021, Nippon Paper (Japan) and Stora Enso Oyj (Finland) signed a partnership agreement to use trees to revolutionize the battery industry. Their research focused on the replacement of lithium-ion and rare-metal batteries with lignin. Similarly, in January 2023, Lignovations, an Austria-based company that develops natural functional ingredients from lignin, developed LignoGuard, a multifunctional ingredient produced from woodchips, sawdust, and low-quality hardwood.

The product aids in reducing synthetic UV filters and minerals required for photoprotection. It can be used as a natural antioxidant and emulsion stabilizer and applied to sensitive skin. Such product innovations help companies to gain a competitive advantage in international markets.

Based on form, lignin market is categorized into solid and liquid. In 2022, the solid segment dominated the global lignin market. Manufacturers in the lignin market provide lignin in the form of powder and granules for various end-use applications. Powdered and granular lignin is manufactured by drying lignin using a pre-drying method, followed by an additional drying process in a drying apparatus. These forms of lignin are largely preferred owing to various benefits such as ease of transportation, reduced water content, and good binder capability. A few of the key players, including Borregaard AS, DOMSJö FABRIKER AB, Nippon Paper Industries Co Ltd, and Stora Enso Oyj, offer powder and granular lignin. The powdered and granular form of lignin can be used in various applications such as concrete admixtures, activated carbon, and plastics and polymers, as they can be easily mixed while manufacturing different products.

A few players operating in the lignin market include Nippon Paper Industries Co Ltd, Borregaard ASA, Burgo Group SpA, Domsjo Fabriker AB, Sappi Ltd, Stora Enso Oyj, Suzano SA, The Dallas Group of America Inc, Tokyo Chemical Industry Co Ltd, West Fraser Timber Co Ltd, among others. Players operating in the lignin market focus on product innovation and research & development to offer innovative products to cater to the emerging consumer demand.

The overall lignin market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers - along with external consultants such as valuation experts, research analysts, and key opinion leaders - specializing in the lignin market.

Reasons to Buy:

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global lignin market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global lignin market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the lignin market as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

Table of Contents

1. Introduction
1.1 Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Market Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. Lignin Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Threat of New Entrants:
4.2.2 Bargaining Power of Suppliers:
4.2.3 Bargaining Power of Buyers:
4.2.4 Intensity of Competitive Rivalry:
4.2.5 Threat of Substitutes:
4.3 Ecosystem Analysis
4.3.1 Raw Materials
4.3.2 Production Process
4.3.3 End-Use Industries
5. Lignin Market - Key Market Dynamics
5.1 Lignin Market - Key Market Dynamics
5.2 Market Drivers
5.2.1 Growing Demand for Lignin from Several End-Use Industries
5.2.2 Increasing Government Regulations and Initiatives to Promote Sustainable and Bio-Products
5.3 Market Restraints
5.3.1 Availability of Substitutes for Lignin
5.4 Market Opportunities
5.4.1 Strategic Development Initiatives by Key Market Players
5.5 Future Trends
5.5.1 Adoption of Lignin for Carbon Fiber Production
5.6 Impact of Drivers and Restraints:
6. Lignin Market - Global Market Analysis
6.1 Lignin Market Volume (Tons), 2021-2031
6.2 Lignin Market Volume Forecast and Analysis (Tons)
6.3 Lignin Market Revenue (US$ Thousand), 2023-2031
6.4 Lignin Market Forecast and Analysis
7. Lignin Market Volume and Revenue Analysis - by Type
7.1 Lignosulfonates
7.1.1 Overview
7.1.2 Lignosulfonates: Lignin Market - Volume and Forecast to 2031 (Tons)
7.1.3 Lignosulfonates: Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
7.2 Kraft Lignin
7.2.1 Overview
7.2.2 Kraft Lignin: Lignin Market - Volume and Forecast to 2031 (Tons)
7.2.3 Kraft Lignin: Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
7.3 High Purity Lignin
7.3.1 Overview
7.3.2 High Purity Lignin: Lignin Market - Volume and Forecast to 2031 (Tons)
7.3.3 High Purity Lignin: Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
7.4 Hydrolysis Lignin
7.4.1 Overview
7.4.2 Hydrolysis Lignin: Lignin Market - Volume and Forecast to 2031 (Tons)
7.4.3 Hydrolysis Lignin: Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
7.5 Others
7.5.1 Overview
7.5.2 Others: Lignin Market - Volume and Forecast to 2031 (Tons)
7.5.3 Others: Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
8. Lignin Market Revenue Analysis - by Form
8.1 Solid
8.1.1 Overview
8.1.2 Solid: Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
8.2 Liquid
8.2.1 Overview
8.2.2 Liquid: Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
9. Lignin Market Revenue Analysis - by Application
9.1 Concrete Additives
9.1.1 Overview
9.1.2 Concrete Additives: Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
9.2 Plastics and Polymers
9.2.1 Overview
9.2.2 Plastics and Polymers: Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
9.3 Animal Feed
9.3.1 Overview
9.3.2 Animal Feed: Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
9.4 Water Treatment
9.4.1 Overview
9.4.2 Water Treatment: Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
9.5 Dyes and Pigments
9.5.1 Overview
9.5.2 Dyes and Pigments: Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
9.6 Activated Carbon
9.6.1 Overview
9.6.2 Activated Carbon: Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
9.7 Agriculture
9.7.1 Overview
9.7.2 Agriculture: Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
9.8 Biofuels
9.8.1 Overview
9.8.2 Biofuels: Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
9.9 Others
9.9.1 Overview
9.9.2 Others: Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
10. Lignin Market - Geographical Analysis
10.1 Overview
10.2 North America
10.2.1 North America Lignin Market Overview
10.2.2 North America Lignin Market - Volume and Forecast to 2031 (Tons)
10.2.3 North America Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
10.2.4 North America Lignin Market Breakdown by Type
10.2.4.1 North America Lignin Market Volume and Forecast and Analysis - by Type
10.2.4.2 North America Lignin Market Revenue and Forecast and Analysis - by Type
10.2.5 North America Lignin Market Breakdown by Form
10.2.5.1 North America Lignin Market Revenue and Forecast and Analysis - by Form
10.2.6 North America Lignin Market Breakdown by Application
10.2.6.1 North America Lignin Market Revenue and Forecast and Analysis - by Application
10.2.7 North America Lignin Market Revenue and Forecast and Analysis - by Country
10.2.7.1 North America Lignin Market Volume and Forecast and Analysis - by Country
10.2.7.2 North America Lignin Market Revenue and Forecast and Analysis - by Country
10.2.7.3 United States Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
10.2.7.3.1 United States Lignin Market Breakdown by Type
10.2.7.4 Canada Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
10.2.7.4.1 Canada Lignin Market Breakdown by Type
10.2.7.5 Mexico Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
10.2.7.5.1 Mexico Lignin Market Breakdown by Type
10.3 Europe
10.3.1 Europe Lignin Market Overview
10.3.2 Europe Lignin Market - Volume and Forecast to 2031 (Tons)
10.3.3 Europe Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
10.3.4 Europe Lignin Market Breakdown by Type
10.3.4.1 Europe Lignin Market Volume and Forecast and Analysis - by Type
10.3.4.2 Europe Lignin Market Revenue and Forecast and Analysis - by Type
10.3.5 Europe Lignin Market Breakdown by Form
10.3.5.1 Europe Lignin Market Revenue and Forecast and Analysis - by Form
10.3.6 Europe Lignin Market Breakdown by Application
10.3.6.1 Europe Lignin Market Revenue and Forecast and Analysis - by Application
10.3.7 Europe Lignin Market Revenue and Forecast and Analysis - by Country
10.3.7.1 Europe Lignin Market Volume and Forecast and Analysis - by Country
10.3.7.2 Europe Lignin Market Revenue and Forecast and Analysis - by Country
10.3.7.3 Germany Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
10.3.7.3.1 Germany Lignin Market Breakdown by Type
10.3.7.4 France Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
10.3.7.4.1 France Lignin Market Breakdown by Type
10.3.7.5 Italy Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
10.3.7.5.1 Italy Lignin Market Breakdown by Type
10.3.7.6 United Kingdom Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
10.3.7.6.1 United Kingdom Lignin Market Breakdown by Type
10.3.7.7 Russia Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
10.3.7.7.1 Russia Lignin Market Breakdown by Type
10.3.7.8 Norway Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
10.3.7.8.1 Norway Lignin Market Breakdown by Type
10.3.7.9 Sweden Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
10.3.7.9.1 Sweden Lignin Market Breakdown by Type
10.3.7.10 Denmark Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
10.3.7.10.1 Denmark Lignin Market Breakdown by Type
10.3.7.11 Rest of Europe Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
10.3.7.11.1 Rest of Europe Lignin Market Breakdown by Type
10.4 Asia Pacific
10.4.1 Asia Pacific Lignin Market Overview
10.4.2 Asia Pacific Lignin Market - Volume and Forecast to 2031 (Tons)
10.4.3 Asia Pacific Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
10.4.4 Asia Pacific Lignin Market Breakdown by Type
10.4.4.1 Asia Pacific Lignin Market Volume and Forecast and Analysis - by Type
10.4.4.2 Asia Pacific Lignin Market Revenue and Forecast and Analysis - by Type
10.4.5 Asia Pacific Lignin Market Breakdown by Form
10.4.5.1 Asia Pacific Lignin Market Revenue and Forecast and Analysis - by Form
10.4.6 Asia Pacific Lignin Market Breakdown by Application
10.4.6.1 Asia Pacific Lignin Market Revenue and Forecast and Analysis - by Application
10.4.7 Asia Pacific Lignin Market Revenue and Forecast and Analysis - by Country
10.4.7.1 Asia Pacific Lignin Market Volume and Forecast and Analysis - by Country
10.4.7.2 Asia Pacific Lignin Market Revenue and Forecast and Analysis - by Country
10.4.7.3 Australia Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
10.4.7.3.1 Australia Lignin Market Breakdown by Type
10.4.7.4 China Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
10.4.7.4.1 China Lignin Market Breakdown by Type
10.4.7.5 India Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
10.4.7.5.1 India Lignin Market Breakdown by Type
10.4.7.6 Japan Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
10.4.7.6.1 Japan Lignin Market Breakdown by Type
10.4.7.7 South Korea Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
10.4.7.7.1 South Korea Lignin Market Breakdown by Type
10.4.7.8 Rest of Asia Pacific Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
10.4.7.8.1 Rest of Asia Pacific Lignin Market Breakdown by Type
10.5 Middle East and Africa
10.5.1 Middle East and Africa Lignin Market Overview
10.5.2 Middle East and Africa Lignin Market - Volume and Forecast to 2031 (Tons)
10.5.3 Middle East and Africa Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
10.5.4 Middle East and Africa Lignin Market Breakdown by Type
10.5.4.1 Middle East and Africa Lignin Market Volume and Forecast and Analysis - by Type
10.5.4.2 Middle East and Africa Lignin Market Revenue and Forecast and Analysis - by Type
10.5.5 Middle East and Africa Lignin Market Breakdown by Form
10.5.5.1 Middle East and Africa Lignin Market Revenue and Forecast and Analysis - by Form
10.5.6 Middle East and Africa Lignin Market Breakdown by Application
10.5.6.1 Middle East and Africa Lignin Market Revenue and Forecast and Analysis - by Application
10.5.7 Middle East and Africa Lignin Market Revenue and Forecast and Analysis - by Country
10.5.7.1 Middle East and Africa Lignin Market Volume and Forecast and Analysis - by Country
10.5.7.2 Middle East and Africa Lignin Market Revenue and Forecast and Analysis - by Country
10.5.7.3 South Africa Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
10.5.7.3.1 South Africa Lignin Market Breakdown by Type
10.5.7.4 Saudi Arabia Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
10.5.7.4.1 Saudi Arabia Lignin Market Breakdown by Type
10.5.7.5 United Arab Emirates Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
10.5.7.5.1 United Arab Emirates Lignin Market Breakdown by Type
10.5.7.6 Rest of Middle East and Africa Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
10.5.7.6.1 Rest of Middle East and Africa Lignin Market Breakdown by Type
10.6 South and Central America
10.6.1 South and Central America Lignin Market Overview
10.6.2 South and Central America Lignin Market - Volume and Forecast to 2031 (Tons)
10.6.3 South and Central America Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
10.6.4 South and Central America Lignin Market Breakdown by Type
10.6.4.1 South and Central America Lignin Market Volume and Forecast and Analysis - by Type
10.6.4.2 South and Central America Lignin Market Revenue and Forecast and Analysis - by Type
10.6.5 South and Central America Lignin Market Breakdown by Form
10.6.5.1 South and Central America Lignin Market Revenue and Forecast and Analysis - by Form
10.6.6 South and Central America Lignin Market Breakdown by Application
10.6.6.1 South and Central America Lignin Market Revenue and Forecast and Analysis - by Application
10.6.7 South and Central America Lignin Market Revenue and Forecast and Analysis - by Country
10.6.7.1 South and Central America Lignin Market Volume and Forecast and Analysis - by Country
10.6.7.2 South and Central America Lignin Market Revenue and Forecast and Analysis - by Country
10.6.7.3 Brazil Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
10.6.7.3.1 Brazil Lignin Market Breakdown by Type
10.6.7.4 Argentina Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
10.6.7.4.1 Argentina Lignin Market Breakdown by Type
10.6.7.5 Rest of South and Central America Lignin Market - Revenue and Forecast to 2031 (US$ Thousand)
10.6.7.5.1 Rest of South and Central America Lignin Market Breakdown by Type
11. Competitive Landscape
11.1 Heat Map Analysis by Key Market Players
11.2 Company Positioning & Concentration
12. Lignin Industry Landscape
12.1 Overview
12.2 Agreements, Collaborations, And Joint Ventures
12.3 Expansions And Other Strategic Developments
13. Company Profiles
13.1 Rayonier Advanced Materials Inc
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Nippon Paper Industries Co Ltd
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Borregaard ASA
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Burgo Group SpA
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Domsjo Fabriker AB
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Sappi Ltd
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Stora Enso Oyj
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Suzano SA
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 The Dallas Group of America Inc
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Tokyo Chemical Industry Co Ltd
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
13.11 West Fraser Timber Co Ltd
13.11.1 Key Facts
13.11.2 Business Description
13.11.3 Products and Services
13.11.4 Financial Overview
13.11.5 SWOT Analysis
13.11.6 Key Developments
13.12 CIMV
13.12.1 Key Facts
13.12.2 Business Description
13.12.3 Products and Services
13.12.4 Financial Overview
13.12.5 SWOT Analysis
13.12.6 Key Developments
13.13 Ingevity Corp
13.13.1 Key Facts
13.13.2 Business Description
13.13.3 Products and Services
13.13.4 Financial Overview
13.13.5 SWOT Analysis
13.13.6 Key Developments
13.14 RenFuel K2B AB
13.14.1 Key Facts
13.14.2 Business Description
13.14.3 Products and Services
13.14.4 Financial Overview
13.14.5 SWOT Analysis
13.14.6 Key Developments
13.15 UPM-Kymmene Corp
13.15.1 Key Facts
13.15.2 Business Description
13.15.3 Products and Services
13.15.4 Financial Overview
13.15.5 SWOT Analysis
13.15.6 Key Developments
14. Appendix
14.1 About The Publisher

Companies Mentioned

  • Lignin Market
  • Nippon Paper Industries Co Ltd
  • Borregaard ASA
  • Burgo Group SpA
  • Domsjo Fabriker AB
  • Sappi Ltd
  • Stora Enso Oyj
  • Suzano SA
  • The Dallas Group of America Inc
  • Tokyo Chemical Industry Co Ltd
  • West Fraser Timber Co Ltd

Table Information