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Lignin Market - By Raw Material (Hardwood, Softwood, Straw, Sugarcane Bagasse, Corn Stover), By Product (Kraft Lignin, Lignosulphonates, Organosolv Lignin), By Application (Aromatics, Macromolecules), By Downstream Potential & Forecast, 2023-2032
- Report ID: GMI181
- Published Date: Jan 2023
- Report Format: PDF
Industry Statistics
Lignin Market size was valued at USD 790 million in 2022 and is projected to record a 6% CAGR from 2023 to 2032. Increasing investments in the development of lignin-based carbon fibers (LCFs) to drive market growth.
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Increasing investments in the development of lignin-based carbon fibers (LCFs) would incite market progress. The use of lignin has intensified in the development of 3D printing material. It is added to carbon fiber (CF) to improve the mechanical properties and thermal stability of the printing material. Researchers in North America are harnessing carbon present in coal to develop products like carbon fiber, graphene, and more that are used in additive manufacturing.
High strength and rigidity of continuous carbon fibers compared to other metallic materials would augment its use in 3D printing. The use of carbon fibers in 3D printing also allows for high accuracy in the manufacturing of parts for various end-use industries such as automotive, aerospace, and dental. Advancements in 3D printing technology is expected to elevate the application scope of lignin in carbon fiber manufacturing process over the forecast period.
| Report Coverage | Details |
|---|---|
| Base Year: | 2022 |
| Market Size in 2022: | USD 790 Million |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 6% |
| 2032 Value Projection: | USD 1.4 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 323 |
| Tables, Charts & Figures: | 326 |
| Segments covered: | Application, Region, Raw Material, Product and Downstream Potential |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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A lack of consumer awareness regarding the use and benefits of lignin may restrict lignin market growth to some extent. There is an absence of new initiatives by government regulatory bodies to promote the use of lignin products. Consumers are unaware of the various benefits that lignin holds like its UV resistance properties that enable its use in a wide variety of materials for UV protection applications. Low awareness and weak research into the manufacturing of lignin for different applications could impact industry expansion.
Use of hardwood lignin in the cosmetics sector to favor market development
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Lignin market size from the hardwood raw material segment is estimated to be worth over USD 285 million by 2032. Hardwood lignin contains a high concentration of S-lignin units and is mostly preferred for its low molecular weight and other properties. The growing use of hardwood lignin in cosmetic products and efforts to reduce the environmental impact of the cosmetics sector.
Companies in the cosmetics sector are focusing on improving transparency and sustainability of the full value-chain by shifting away from petrochemicals. For instance, in January 2023, Lignovations, a company that develops natural functional ingredients from lignin, developed LignoGuard, a multifunctional ingredient made from raw material sawdust, woodchips, and low-quality hardwood that helps reduce the amount of mineral and synthetic UV filters required for photoprotection. It can also be used as an emulsion stabilizer and natural antioxidant and is appropriate for sensitive skin.
Application of low-purity lignin in biorefinery to expand industry size
Lignin market share from low-purity lignin segment is estimated to record a 6% CAGR between 2023 to 2032. High preference for biomass consumption and favorable regulations in the U.S. will stimulate the demand for low-purity lignin over the forecast period. Low-purity lignin is commercially used as a catalyst in biorefinery and exhibits superior characteristics such as low molecular weight and narrow molecular weight distribution. Strong availability of this lignin at economical rates and its wide-ranging applications in biorefinery as feedstock would drive the market outlook.
Pressing need for wastewater treatment solutions to influence lignin demand
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Lignin market from the macromolecules application is projected to register 6% CAGR from 2023 to 2032. Macromolecules find major applications in the construction and automotive industries owing to their lightweight properties. Activated carbon is estimated to emerge as a major application for lignin which works as a natural biological macromolecule. The increasing need for wastewater treatment in the manufacturing sector to prevent water pollution would elevate product significance in the years ahead. In addition, stringent government regulations on the use of eco-friendly products in wastewater treatment are expected to fuel the demand for lignin. High Purity Lignin Market revenue is likely to hit USD 40 million by 2030.
Expanding paper & pulp sector of Asia Pacific to augment market statistics
Asia Pacific lignin market is forecast to be valued at over USD 60 million by 2032. Increasing development of bio-based materials utilized in various application industries may grow the regional market growth. Pulp & paper manufacturing and the chemical production sector are witnessing expansive growth across countries like China, India, Japan, Malaysia & Thailand. China is one of the major hubs for chemical production worldwide and the country is expanding its base to influence product demand.
Most of the product suppliers, manufacturers, and distributors in the region are initiating strategies to expand lignin use in the pulp, wood, and paper sectors. The product is mainly used in the paint, coating & textile industries and is also increasingly gaining application in pesticides. However, low awareness of lignin products could hinder product demand across the Asia Pacific.
Business expansion activities to spur market development
The lignin market is inclusive of leading players like Stora Enso Oyj, Sumitomo Bakelite Co., Ltd, Borregaard LignoTech, Toray, Teijin, Rayonier Advanced Materials, Domsjo Fabriker AB (Aditya Birla), and Domtar Corporation. Companies are expanding their manufacturing capacity to meet the demand for sustainable products from various end-users.
Impact of the COVID-19 pandemic on the lignin market trends
Disruptions in global supply chains caused due to the COVID-19 pandemic send ripples across myriad of end-use industries including the lignin industry. The imposition of travel restrictions and lack of manpower hindered operations across the packaging and food and beverage sector, further restricting the usage of lignin. However, the recovery of economies after the lifting of COVID-19 restrictions and steady growth in the manufacturing sector could open new growth avenues for lignin companies over the forecast timeline.
The Lignin market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2018 to 2032 for the following segments:
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By Application
- Macromolecules
- Aromatics
By Raw material
- Hardwood
- Softwood
- Straw
- Sugarcane bagasse
- Corn stover
- Spent liquor
By Product
- Low purity
- Lignosulphonates
- Kraft lignin
- Organosolv lignin
- Other lignin
By Downstream potential
- Vanillin
- Carbon fiber
- Phenol
- BTX
- Phenolic resins
- Adhesives
- Epoxy resins
- Activated carbon
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Poland
- Asia Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Thailand
- Latin America
- Brazil
- Argentina
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Oceania
- Australia
- New Zealand
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