Global Lignin Materials Market By Overview
Lignin is an organic renewable substance. It is a complex polymer, which is extracted from plant tissues that binds the cells, fibers and vessels together. Lignin has major applications such as concrete additives, binders, bitumen and adhesives, as it acts as an excellent binding agent. The fiber in food, crunchiness in leafy vegetables and texture of wood comes from lignin. Lignin by-products are widely applicable in personal care products which include skin decorative products. Moreover, it is used in making of aromatic alcohol, dispersant in concrete additive, animal nutritional food, etc.
The increasing use of lignin in concrete additive segment, agricultural sector, and animal feed are driving growth of the lignin materials market. Additionally, increasing research and development activities, coupled with enhancement of the production procedures are further estimated to support the global market growth over the forecast period. Moreover, dust control systems are resulting in a demand for lignin due to rising level of pollution, is another key aspect accelerating growth of the global market over the forecast period. However, inclination towards construction of green buildings instead of using lignin as concrete additive is projected to hamper the global market. Minimal awareness about properties and use of lignin products among consumers and manufacturers and weak link between R&D facilities and manufacturers are also major restraining factors for the lignin materials market. Nevertheless, the improvement of technology and the advent of new systems for manufacturing processes are likely to ensure the global market growth over the forecast period.
Lignin materials market is segmented based on product, source, application, and region.
On the basis of product, the global market is segmented into organosolv lignin, kraft lignin, ligno-sulphonates, and others. Based on source, the target market is bifurcated into kraft pulping, cellulosic ethanol, and sulfite pulping. Based on application, the global market is segmented into aromatics, dye stuff, macromolecules, concrete additive, animal feed, absorbents, and other. Concrete additive application segment is expected to lead the global lignin market over the forecast period.
On the basis of region, the lignin materials market is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America held a major share of the global market and will continue to lead the market over the forecast period, owing to its usage in concrete additives in the construction industry. Europe holds second position and is expected to register a moderate growth over the forecast period. Asia Pacific is predicted to offer lucrative opportunities for the market players, owing to the growing demand for lignin from the developing economies. The high rate of industrialization is projected to ensure the development of the global market over the forecast period. Moreover, the global market for Latin America is expected to witness a positive growth over the forecast period.
Global Lignin Materials Market By Competitive Landscape & Key Players
The key players operating in the lignin materials market includes Nippon Paper Industries Co. Ltd., The Dallas Group of America, Inc., Suzano Papel E Celulose S.A., Stora Enso OYJ, Domtar Corporation, Lenzing A.G., Sweetwater Energy Inc., Aditya Birla Group, Ingevity Corporation, and Borregaard Lignotech AB.
FAQs
Lignin Materials Market accounted for US$ 1.04 billion in 2022 and is estimated to be US$ 1.8 billion by 2032 and is anticipated to register a CAGR of 5.2%.
Lignin Materials Market is segmented based on Product, Source, Application and Region.
The Lignin Materials Market is driven by factors such as the increasing demand for sustainable products, growth in the construction and agriculture industries, and advancements in lignin extraction technologies.
Challenges in lignin purity, competition with other materials, and limited awareness of lignin-based products act as restraints for the Lignin Materials Market globally.
The report considers regions like North America, Europe, Asia-Pacific, and Latin America. Europe is expected to dominate the Lignin Materials Market, driven by the region's focus on sustainability, stringent environmental regulations, and growing applications in various industries.
The prominent players operating in the Lignin Materials Market includes, Nippon Paper Industries Co. Ltd., The Dallas Group of America, Inc., Suzano Papel E Celulose S.A., Stora Enso OYJ, Domtar Corporation, Lenzing A.G., Sweetwater Energy Inc., Aditya Birla Group, Ingevity Corporation, and Borregaard Lignotech AB and others.