GLOBAL
LIGNIN MARKET
Market Size (2019)
US$ 872.2 MN
CAGR (2020 – 2027)
2.7% © Coherent Market Insights. All Rights Reserved
Segmentation (Scope)
By Application
By Product
Concrete Additive
Lignosulfonates
Animal Feed
Kraft Lignin
Dye Stuff
Others
Others © Coherent Market Insights. AllAll Rights Reserved © Coherent Market Insights. Rights Reserved
Major Drivers
Increasing demand for carbon fibers and polyurethane foams from automotive industry
Strong demand for the product from the animal feed industry.
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NORTH AMERICA
ASIA PACIFIC
Market Size
Market Size
US$ 298.3 MN
US$ 198.2 MN
CAGR
CAGR
2.3%
3.4%
Major Driver
Major Driver
The shifting trends of chemical manufacturing industry in the region towards using bio-based raw material in manufacturing
The rising trends for the manufacturing of products through bio-based sources © Coherent Market Insights. AllAll Rights Reserved © Coherent Market Insights. Rights Reserved
Borregaard LignoTech Changzhou Shanfeng Chemical Industry Co., Ltd.
Major Players
Domsjo Fabriker AB Domtar Corporation MeadWestvaco Corporation Nippon Paper Industries Co., Ltd. Tembec, Inc. UPM-Kymmene Corporation © Coherent Market Insights. AllAll Rights Reserved © Coherent Market Insights. Rights Reserved
Global Lignin Market, Revenue Share (%), By Product, in 2019 91.30%
? ? Lignosulfonates
Kraft Lignin
Others © Coherent Market Insights. AllAll Rights Reserved © Coherent Market Insights. Rights Reserved
Global Lignin Market – Opportunity Analysis
Growing use of lightweight products from aerospace industry
Opportunity Analysis
Increasing use of raw materials for the production of polymers
© Coherent Market Insights. AllAll Rights Reserved © Coherent Market Insights. Rights Reserved
© Coherent Market Insights. All Rights Reserved