Lignin Market to Witness Robust Expansion by 2029

The global lignin market is anticipated to grow at a considerable CAGR of 4.9% during the forecast period. Due to the increasing importance of biofuels, to reduce pollution the demand for lignin is growing across the globe. Replacing fossil fuels with biofuels has the potential to generate a number of benefits such as conventional & greenhouse gas (GHG) pollutant emissions, exhaustible resource depletion, and dependence on unstable foreign suppliers. Growing awareness to reduce air pollution and decrease levels of GHG emissions are major factors that are expected to fuel the demand for kraft lignin products. It causes less harmful carbon emissions compared to standard diesel. Using biodiesel as a vehicle fuel provides advantages such as increased energy security, improved air quality, and several other environmental benefits. Such factors and benefits have pushed governments and companies to increase the use of biodiesel as a fuel to reduce carbon footprint across the globe. For instance, in April 2022, the US Environmental Protection Agency (US EPA) published a report stating the economics of biofuels, according to which carbon emission (CO2) accounted for 79% of the overall GHG emissions from human activities.

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Furthermore, biodiesel is safe to handle, store, and transport. The burning of fossil fuels is the primary cause of current climate change, altering the Earth's ecosystems and causing human and environmental health problems. According to Natural Resources Defense Council, fossil fuel air pollution kills one in five people across the globe. The increasing consumption of petroleum is also increasing pollution which leads to various harmful effects on the environment and humans as these fossil fuels emit toxic harmful gases and pollutants. For instance, according to the US Energy Information Administration (EIA), the latest report in 2021, the US consumed an average of about 19.78 million barrels of petroleum per day or a total of about 7.22 billion barrels of petroleum. This was an increase in consumption of about 1.6 million barrels per day over consumption in 2020.

Market Coverage

The market number available for - 2021-2029
Base year- 2022
Forecast period- 2023-2029

Segment Covered- 

By Product
By Application

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- including Domtar Corp., Domsjö Fabriker AB, Stora Enso Oyj, Burgo Group S.p.A., Nippon Paper Industries Co. Ltd., and others.

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Lignin Market Report Segment

By Product

Kraft Lignin
Lignosulphonates
Low Purity Lignin
High purity lignin

By Application

Aromatics

Lignin Market Report Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles 

Borregaard AS
Ingevity Corp
LENZING AG
Lignin Lignin Company LLC 
RYAM (canada)
Sappi North America 
Sigma-Aldrich Co. (Merck KGaA,)
West Fraser Timber Co. Ltd.
WestRock Co.

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