Chemical

According to a market report by Lucintel, the future of the lignin market looks promising with opportunities in the concrete additive, aromatic, dye stuff, macromolecule, animal feed, and absorbent applications. The global lignin market is expected to reach an estimated $1,216.5 million by 2028 with a CAGR of 4.5% from 2023 to 2028. The major drivers for this market are increasing demand for concrete admixtures, growing preference for this product as an organic additive, and expanding demand for lignin as a renewable material used in many different industries.



In this market, kraft lignin, organosolv lignin, and ligno-sulphonate are the major source segments. Lucintel forecasts that kraft lignin will remain the largest segment over the forecast period due to the growing use of eco-friendly building materials in the construction industry and increasing demand for kraft lignin in the paper industry owing to its thermal stability, water resistance, and UV resistance.



Within this market, concrete additive is expected to remain the largest segment due to the favorable government support for the construction of infrastructure, rising number of manufacturing units, and expanding application of these compounds as binders for glass wool building insulation.



Europe will remain the largest region due to the huge demand for bio-based products and presence of key marketplace for the aerospace and automotive industries in the region.

Stora Enso, West Fraser, UPM Biochemicals, Sweetwater Energy, Borregaard LignoTech, Rayonier Advanced Material, and DomsjoFabriker are the major suppliers in the global lignin market.



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global lignin market by source, application, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Lignin Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global lignin market by source, application, and region, as follows:

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the global lignin market by source (kraft lignin, organosolv lignin, ligno-sulphonates, and others), application (concrete additive, aromatics, dye stuff, macromolecules, animal feed, absorbents, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?