High Purity Lignin Market by Product Type (Kraft Lignin, Organosolv), Source (Sugarcane Bagasse, Straw), Application (Phenol, Carbon Fibre), and Region (Asia Pacific, Europe, North America, Middle East, and Africa, Latin America), and forecast period-2022 – 2030

Report ID - MRC_895 | Pages - 241 | Category - Healthcare and Pharma

High Purity Lignin Market Insights:

High Purity Lignin Market was valued at USD 25.5 Million in 2021, registering a CAGR of 6.2% during the forecast period (2022-2030), and the market is projected to be worth USD 43.8 Million by 2030. Lignin is the by-product sourced from lignocellulosic bio-refineries which is used as a renewable raw material in multiple industrial applications like filler or the active ingredient of phenolic resins, soil conditioner, and an adhesive for linoleum. The surging demand for lignin for supplementing animal feed is expected to contribute to the growth of the high purity lignin market during the forecast period. The price of on-farm and commercially produced feeds has globally increased by 20 to 40% due to the rising costs of raw materials. The surge in raw material costs has compelled farmers to utilize other methods to source animal feed. Thus, lignin is used as an additive to the production of compound feed products owing to the low costs of purchasing lignin.

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Additionally, lignin is expected to witness substantial growth due to the huge industrial use in the production of dispersants. The dispersants are made from the sulfate pulping liquors combined with other lignin-containing materials which have multiple properties such as fiber resistance, enhanced cost/performance, heat resistance, and stability at high temperatures. Lignin provides certain properties to the dispersant in a few applications which also include soil-related applications. Thus, the chemically altered lignin (lignosulfonate) is used as the dispersion and dispersing agent. In the context of the region, North America is anticipated to contribute to the growth of the high purity lignin market. The factors such as rising inclination towards sustainable buildings which encourages the use of high-purity lignin materials for the production of green carbon fiber and other bio-based materials suitable for the infrastructure applications and large presence of leading market players are projected to accelerate the high purity lignin market in North American region. Thus, the above-mentioned factors are estimated to support the growth of the high purity lignin market during the forecast period.

High Purity Lignin Market Dynamics:

High Purity Lignin is the cellulose-based amorphous polymer that provides rigidity to the structure and forms the woody cell walls of plants and the cementing material between them when combined with cellulose. Lignin is the second most used valuable renewable source of the chemical industry which is a derived polymer from the bulky plant. Lignin is responsible for the protection of plants from collapsing which helps the plants to grow in a straight structure.

Driver:

The increased rate of construction which uses lignin-based concrete, rising demand for lignin pellets as animal feed, and growing application of the lignin-based vanillin as the flavoring agent in the food & beverages sector drive the growth of the high purity lignin market. Furthermore, the surging use of lignin-based carbon fiber and aluminum in the automobile industry and increased consumption of meat due to the improved prebiotic effect of high purity lignin in meat preservation are the major factors that fuel the growth of the high purity lignin market.

Restraint:

The expensive research and development for high purity lignin products and decreased use of such products in lower volume due to high costs obstruct the growth of the high purity lignin market. Additionally, the reduced use of lignin for heat and power generation due to the availability of alternatives such as biomass components and unfermented sugars combined with a lack of awareness among consumers, especially in underdeveloped nations hamper the high purity lignin market growth.

Opportunities:

The need to replace salt-based products used in dust control and surface stabilization of roads with an alternative like lignin-based products as concrete additives and increased demand for renewable carbon sources such as kraft lignin is expected to create lucrative opportunities for the high purity lignin market. Additionally, the growing demand for lignin-based products such as industrial binders, industrial cleaners, water treatment, and the battery is also anticipated to create profitable opportunities for the growth of the high purity lignin market.

COVID-19 Analysis of High Purity Lignin Market:

The high purity lignin market has been significantly impacted due to the COVID-19 pandemic in many different parts of the world. The factors such as transportation restrictions, uncertain consumer demand, limited availability of raw materials, and economic slowdown are the major impacts of COVID-19 which hampered the growth of the high purity lignin market. Shipments were impacted during the initial lockdown due to a labor shortage and the closure of a manufacturing facility. However, the circumstances have stabilized and as a result, it is determined that COVID-19’s overall impact on the high purity lignin market is moderate. Post covid-19, there was a positive impact on the high purity lignin market as businesses became more focused on sustainable alternatives such as lignin-based products for increased rates of construction and industrialization.

High Purity Lignin Report Coverage:

Report AttributesReport Details
Study Timeline2016-2030
Market Size in 2030 (USD Million)43.8 Million
CAGR (2022-2030)6.2%
By Product TypeKraft Lignin, Organosolv, and Others
By SourceHardwood, Softwood, Sugarcane Bagasse, Straw
By ApplicationBinders & Adhesives, Phenol, Vanillin, Carbon Fibre, Activated Carbon
By GeographyNorth America– (U.S., Canada, Mexico)

Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe)

Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific)

Latin America- (Brazil, Argentina, Chile, Rest of Latin America)

Middle East and Africa- (GCC, Turkey, Israel, and the Rest of MEA)

Key PlayersBorregaard LignoTech, Rayonier Advanced Materials, NIPPON PAPER INDUSTRIES CO LTD., Domtar Corporation, Domsjo Fabriker, Stora Enoo Oyj, Burgo Group Spa, The Dallas Group of America, Changzhou Shanfeng Chemical Industry Corporation, Metsa Group

High Purity Lignin Market Segment Analysis:

By Product Type

The product type segment is separated into kraft lignin, organosolv, and others. The kraft lignin segment is anticipated to contribute the largest revenue share of over USD 22 million due to the growing usage in the production of cement additives, biofuels, carbon fibers, BTX, phenolic resins, and other products, improving the toughness of adhesives and binders, and increased usage in manufacturing of particleboard panels and plywood. Furthermore, the organosolv segment is also expected to contribute a revenue share of over USD 18.1 Million during the forecast period. The features such as the wide application of organosolv fillers in the formulations of paints, inks, and varnishes, easy recovering process through distillation, and less water wastage in treatment procedures are projected to support the growth of the organosolv segment during the projected period.

High Purity Lignin Market Size

By Source

The source segment is categorized into hardwood, softwood, sugarcane bagasse, and straw. The softwood segment is projected to contribute the largest revenue share of over USD 19 million to the growth of the high purity lignin market in 2021. The factors such as the high reactivity of softwood lignin and wide applicability in the development of stabilized lignin fibers are expected to support the growth of the knee osteoarthritis segment during the projected period. Additionally, the hardwood segment is also expected to register a revenue share of over USD 7 million in 2021 due to the growing use of lignin extracted from hardwoods for the manufacturing of products such as carbon fibers, phenolic resin, adhesives, and other applications combined with growing demand in the pulp and paper industries.

By Application

The application segment is separated into binders & adhesives, phenol, vanillin, carbon fiber, and activated carbon. The binders and adhesives segment is expected to contribute the largest revenue share of over USD 8 million during the forecast period. The factors such as high strength, bio-compatibility, and resistance to elements like heat, water, chemical, and others, improved cohesive and structural ability in terms of structure, and increased use in the production of dyes are expected to support the growth of binders and adhesives segment. Furthermore, the vanillin segment is also projected to account for an increased CAGR growth contribution of over 7.2% during the projected period. The factors such as the growing application of lignin-based vanillin as the flavoring agent in the food & beverages sector combined with the robust demand for vanillin-flavored bread, cookies, cakes, and other baked products are anticipated to support the growth of the vanillin segment to the increased growth of high purity lignin market.

High Purity Lignin Market By Applicaion

By Region

The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, Europe is expected to contribute the largest revenue share of over USD 19 million. The factors such as increased demand for lignin-based products such as phenols, chemicals, animal feed, vanillin, and dispersants, increased use of green carbon fiber and other bio-based infrastructure materials in construction combined with rising consumption of compounds such as adhesives and epoxy resins is anticipated to boost the growth of the high purity lignin market in the European region.

The Asia Pacific is also expected to register the fastest CAGR growth of over 4.14% during the forecast period. The factors such as the rising favorable government initiatives for boosting sustainable alternatives and increased consumption of lignin probiotic effect meat fuel the market growth in the Asia Pacific region.

High Purity Lignin Market Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, the surge in Research and Development (R&D), product innovation, various business strategies, and Application launches have accelerated the growth of the Sample Preparation market. Key players in the market include-

  • Borregaard LignoTech
  • Rayonier Advanced Materials
  • NIPPON PAPER INDUSTRIES CO LTD.
  • Domtar Corporation
  • Domsjo Fabriker
  • Stora Enoo Oyj
  • Burgo Group Spa
  • The Dallas Group of America
  • Changzhou Shanfeng Chemical Industry Corporation
  • Metsa Group

FAQ

How much is the High Purity Lignin Market worth?

The High Purity Lignin Market is worth USD 43.8 Million by 2030.

Who are the main players Operation in this industry?

Borregaard LignoTech, Rayonier Advanced Materials, NIPPON PAPER INDUSTRIES CO LTD., Domtar Corporation, Domsjo Fabriker are the major players operating in this industry.

Which region registered the fastest growth during the forecast period?

The Asia Pacific contributed the largest share of the market growth.

What is the main market-driving factor?

The increased rate of construction which uses lignin-based concrete, rising demand for lignin pellets as animal feed.

Which is the leading product segment in this market?

Kraft Lignin are anticipated to contribute the largest share to the product segment.

Table of Content

  1. Introduction
    • Market Introduction
    • Market Research Methodology
      • Research Process
      • Primary Research
      • Secondary Research
      • Data Collection Technique
      • Data Sources
    • Market Estimation Methodology
      • Limitations of the Study
    • Product Picture of High Purity Lignin
    • Global High Purity Lignin Market: Classification
    • Geographic Scope
    • Years Considered for the Study
    • Research Methodology in brief
    • Parent Market Overview
    • Overall High Purity Lignin Market Regional Demand
    • Research Programs/Design
    • Market Breakdown and Data Triangulation Approach
    • Data Source
    • Secondary Sources
    • Primary Sources
    • Primary Interviews
    • Average primary breakdown ratio
  2. Market Dynamics
    • Drivers
      • Drivers
    • Restraints
      • Restraints
    • Opportunity
      • Impact forces on market dynamics
      • Impact forces during the forecast years
    • Industry Value Chain
      • Upstream analysis
      • Downstream analysis
      • Distribution Channel
      • Direct Channel
      • Indirect Channel
    • Potential Customers
    • Manufacturing/Operational Cost Analysis
    • Pricing Analysis by Region
    • Key Technology Landscape
    • Regulatory Analysis
    • Porter’s Analysis
      • Supplier Power
      • Buyer Power
      • Substitution Threat
      • Threat from New Entry
      • Competitive Rivalry
    • PESTEL Analysis
    • Political Factors
    • Economic Factor
    • Social Factors
    • Technological Factor
    • Environmental Factors
    • Legal Factor
    • Covid-19 impact on Global Economy
    • Covid-19 impact on High Purity Lignin demand
    • Post-Covid Impact on High Purity Lignin Market Demand
    • Impact Analysis of the Russia-Ukraine Conflict
  3. Global High Purity Lignin Market Segmentation, by Revenue (USD Million), (2022-2030)
    • By Product Type
      • Kraft Lignin
      • Organosolv
      • Others
    • By Source
      • Hardwood
      • Softwood
      • Sugarcane Bagasse
      • Straw
    • By Application
      • Binders & Adhesives
      • Phenol
      • Vanillin
      • Carbon Fibre
      • Activated Carbon
  1. Global High Purity Lignin Market Overview, By Region
    • North America High Purity Lignin Market Revenue (USD Million), by Countries, (2022-2030)
      • US
        • By Product Type
        • By Source
        • By Application
      • Canada
      • Mexico
    • Europe High Purity Lignin Market Revenue (USD Million), by Countries, (2022-2030)
      • France
      • UK
      • Spain
      • Russia
      • Italy
      • BENELUX
    • Asia Pacific High Purity Lignin Market Revenue (USD Million), by Countries, (2022-2030)
      • China
      • Japan
      • Australia
      • South Korea
      • India
      • ASEAN
  1. Latin America High Purity Lignin Market Revenue (USD Million), by Countries, (2022-2030)
    • Brazil
    • Argentina
    • Chile
  2. Middle East and Africa High Purity Lignin Market Revenue (USD Million), by Countries, (2022-2030)
    • GCC
    • Turkey
    • South Africa
  3. Global High Purity Lignin Market Revenue: Competitive Analysis, 2021
    • Key strategies by players
    • Revenue (USD Million and %), By manufacturers, 2021
    • Player Positioning by Market Players, 2021
  4. Competitive Analysis
    • Borregaard LignoTech
      • Business Overview
      • Business Financials (USD Million)
      • Product Category, Type, and Specification
      • Main Business/Business Overview
      • Geographical Analysis
      • Recent Development
      • Swot Analysis
    • Rayonier Advanced Materials
    • NIPPON PAPER INDUSTRIES CO LTD.
    • Domtar Corporation
    • Domsjo Fabriker
    • Stora Enoo Oyj
    • Burgo Group Spa
    • The Dallas Group of America
    • Changzhou Shanfeng Chemical Industry Corporation
    • Metsa Group
  5. Market Research Findings & Conclusion

Disclaimer

Research Methodology

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