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High Purity Lignin Market Size By Product Type (Kraft Lignin, Organosolv), By Source (Hardwood, Softwood, Sugarcane Bagasse, Straw) By Application (Binders & Adhesives, Phenol, Vanillin, Carbon Fibre, Activated Carbon), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2030

  • Report ID: GMI5360
  • Published Date: Sep 2022
  • Report Format: PDF

Industry Overview

High Purity Lignin Market size was at over USD 25 million in 2021 and is poised to depict a CAGR of more than 6% from 2022 to 2030. The growth is a result of the surge in construction activities in developed economies.
 

High Purity Lignin Market

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High purity lignin is gaining popularity as a crucial chemical in the concrete admixture industry. Water reduction, enhanced strength, high durability, and decreased permeability are among its key attributes. Due to the rising disposable income and the thriving construction sector, the demand for high-purity lignin materials will increase substantially, especially in North America.
 

Apart from being utilized as a valuable raw material in the chemical applications, lignin is adopted as an energy source in paper production. Unlike fossil petroleum, the chemical is emerging as a sustainable option since it is derived from shrubs and trees. The focus on incorporating natural products in manufacturing will provide lucrative opportunities for the growth of the high-purity lignin industry. However, there is a lack of awareness regarding lignin and its applications among many end users, which may adversely impact the industry outlook to some extent.
 

High demand for paints and inks to augment the consumption of organosolv lignin type

Global Organosolv Lignin Market

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In terms of product type, the high purity lignin market is segregated into organosolv, kraft lignin, and others. Among these, the organosolv segment is anticipated to cross USD 18 million by 2030. This can be credited to the widespread application landscape of this type of filler in the formulations of inks, paints, and varnishes. Unlike Kraft lignin, which is utilized only for a few types of polyurethane materials, organosolv can be adopted across a wide range of PU materials. A wider application scope may further augment product demand as compared to its alternatives.
 

Softwood to play key role in production of stabilized lignin fibers due to high reactivity

Global High Purity Lignin Market From Softwood

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Based on the source, the high purity lignin market is divided into straw, sugarcane bagasse, softwood, hardwood, and others. Among these, the softwood sourced high purity lignin segment is expected to reach USD 19 million by 2030, given the high reactivity of softwood lignin, among other notable features. Softwood is also highly applicable in the development of stabilized lignin fibers. Additionally, lignin fraction is considered greater in temperate softwoods as compared to hardwoods, contributing to the segment expansion.
 

Robust application scope of phenols in the pharma sector to boost industry trends

Global High Purity Lignin Market from Phenol Application

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With respect to the application spectrum, the high purity lignin market is categorized into activated carbon, carbon fiber, vanillin, phenol, binders and adhesives, and others. Of these, phenol segment is poised to depict a CAGR of over 6% through 2022-2030. The compound has key application potential in the pharmaceutical sector. Moreover, the phenolic structure has made high purity lignin a suitable alternative to some other materials, bolstering its consumption across the production of certain pharmaceuticals.
 

Europe to emerge as a promising market for high-purity lignin manufacturers

Global High Purity Lignin Market By Region

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Europe high purity lignin market size was over USD 19 million in 2021 and is set to exhibit a growth rate of over 6.5% through 2030. There is increased demand from chemicals, phenols, vanillin, animal feed, and dispersants based on high-purity lignin. The increasing use of materials such as carbon fiber in construction and sports equipment will influence the regional market statistics. The surge in demand for electronics and electricals will drive the consumption of compounds such as epoxy resins and adhesives, further boosting the use of high purity lignin, which is a key element used for producing them.
 

Business expansion strategies by competitors to define the industry landscape

Suzano SA, Domtar Corporation, West Fraser, Stora Enso Oyj, Liquid Lignin Company, Metsa Group, Sigma Aldrich, Alberta Pacific, Green Value S.A., and Ingevity Corporation are some of the key high purity lignin industry players. These companies are focusing on factory development and business extension to reinforce their presence in the market. For instance, in December 2022, Stora Enso Oyj invested in the establishment of a factory for lignin granulation and packaging. This initiative was aimed at the replacement of raw materials derived from fossil fuels with bio-based raw materials.
 

Impact of COVID-19 pandemic on high purity lignin market dynamics

The COVID-19 pandemic has disrupted almost every industry, mainly during the initial months of the outbreak. In particular, the automotive industry was impacted in the U.S., due to the factory shutdowns and a decline in production, trade, and sales. This factor may also have obstructed high-purity lignin production. The combination of chemically altered lignin and polyacrylonitrile can strengthen carbon fibers, which are widely adopted in auto component. However, with the gradual ease of restrictions and resumption of business activities in the automotive and other sectors, the industry is likely to witness a steady recovery over the forthcoming years.
 

The high purity lignin market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in tons and revenue in USD Million from 2017 to 2030 for the following segments:

By Product Type

  • Kraft Lignin
  • Organosolv
  • Others

By Source

  • Hardwood
  • Softwood
  • Sugarcane Bagasse
  • Straw
  • Others

By Application

  • Binders & Adhesives
  • Phenol
  • Vanillin
  • Carbon Fibre
  • Activated Carbon
  • Others

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Russia
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN Countries
  • Latin America
    • Brazil
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • UAE

 

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The global market for high purity lignin attained a valuation of over USD 25 million in 2021 and is poised to depict a CAGR of more than 6% through 2022-2030, driven by increased construction activities in North America.

Organosolv product segment is set to be valued at over USD 18 million by 2030, driven by its increasing usage in the formulations of inks, paints, and varnishes.

Europe high purity lignin market is set to exhibit a growth rate of over 6.5% through 2022-2030, with the rising inclination toward high-purity lignin chemicals, phenols, vanillin, animal feed, and dispersants.

Suzano SA, Domtar Corporation, West Fraser, Stora Enso Oyj, Liquid Lignin Company, Sigma Aldrich, Alberta Pacific, Green Value S.A., and Ingevity Corporation are some of the key companies holding a major share in the market.

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 11
  • Tables & Figures: 220
  • Countries covered: 17
  • Pages: 177

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