Lignin Market Growth Analysis | 2021-2026

Market Insights

The lignin market was estimated at USD 676 million in 2020 and is likely to grow at a CAGR of 3.1% during 2021-2026 to reach USD 810 million in 2026.

Want to know more about the market scope? Register Here

Market Dynamics

Introduction

Lignin is one of the most abundantly available biopolymers on earth and has been attributed as the most sustainable bio-resource. Lignin was traditionally used as a fuel for burning. However, over the past few years, manufacturers have been exploring new revenue streams for lignin across different industrial applications like construction, agriculture, and animal feed.

Lignin producers have realized a significant number of commercialized as well as potential applications for different lignin-based materials including vanillin, carbon fiber, phenols, and bio-materials which can be further processed to be used as binders & adhesives, dispersants, aromatics, etc.

Covid-19 Impact 

In the wake of the pandemic, the market witnessed a decline of -1.3% in the year 2020. Different end-use industries have experienced different degrees of impact of the pandemic. For instance, the COVID-19 pandemic hit the construction industry hard, causing unimaginable disruption and losses for the stakeholders.

Market Drivers

• Increased use of oil-based alternatives driven by low oil prices and reduced construction activities further resulted in the decline of lignin demand in the construction industry.
• Global market growth is expected to grow owing to the rapidly increasing investments in the upgradation of low-cost coal-based carbon fibers.
• Rising demand for lignin in animal feed and natural products is expected to drive growth.
• Increasing investments in infrastructure development are expected to fuel the market growth, thanks to the rising demand for concrete admixtures adhesives, and binders.

Want to know more about the market scope? Register Here

Key Players

The following are the key players in the Lignin Market (arranged alphabetically)

• Domtar Corporation
• Domsjo Fabriker (Part of Aditya Birla Group)
• Ingevity
• Sappi Limited
• Stora Enso
• The Borregaard Group

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

Segment Analysis

By Product Type

"Lignosulfonate is expected to remain the dominant product type in the market during the forecast period"

Lignosulfonate is expected to remain the dominant product type in the market during the forecast period. This is primarily due to a wide range of industrial applications for lignosulfonates, such as concrete admixture, dust suppressant and control, animal feed binders, crop protection, and fertilizer production.

To get the full scope of the report, Register Here

By End-Use Industry Type

"Construction is expected to remain the largest segment of the market revenue share of more than 35% during the forecast period"

Construction is expected to remain the largest segment of the market revenue share during the forecast period, owing to continuous growth in construction activities across the globe. In addition to that, the increasing demand for lignin in concrete additives is further expected to boost the market growth during the study period. 

Regional Analysis

"Europe was the largest market for consumption with a revenue share of more than 35% over the estimated period"

Europe was the largest market for the consumption of lignin with a revenue share over the estimated period. The presence of a large number of lignin producers, such as Domsjo Fabriker, Stora Enso, and Borregaard, in Europe, is one of the major factors behind the dominance of the region. Asia-Pacific and North America are also likely to create sizeable opportunities in the coming five years, driven by an expected rebound in the construction industry and a strong expected economic rebound shortly.

Know the high-growth countries in this report. Register Here

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The lignin market is segmented into the following categories:

By End-Use Industry Type

• Construction
• Agriculture
• Animal Feed
• Others

By Product Type 

• Lignosulfonate
• Kraft Lignin
• Others

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, India, Australia, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)

 Click here, to learn the market segmentation details.

Research Methodology

• This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s lignin market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@Stratviewresearch.com