Lignin is the most abundant natural raw material available on Earth in terms of solar energy storage. It represents 30 per cent of all the non-fossil organic carbon on Earth. Lignin can be used as a green alternative to many petroleum-derived substances, such as fuels, resins, rubber additives, thermoplastic blends, nutra and pharmaceuticals. It is also known to be the only renewable source for industrial aromatics production. Lignin can be found in other plants, such as cereal straws, bamboo and bagasse, but it is in wood that lignin content is the highest in terms of weight: 20–35 percent in wood compared to 3–25 per cent in other lignin sources. Typically, kraft and organosolv lignins are two suitable candidates, whereas lignosulfonates will most likely lead to lower-value chemicals, which require more complicated processing. In this report, we mainly analyze the lignosulphonates and Kraft lignin, including sodium lignosulfonate products, calcium lignosulfonate products, magnesium lignosulfonate products and Kraft lignin etc.
According to the new market research report “Lignin – Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Lignin market size is projected to reach USD 0.82 billion by 2029, at a CAGR of 3.5% during the forecast period.
- Global Lignin MarketSize(US$ Million), 2018-2029
Source: QYResearch, “Lignin – Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Lignin Top11Players Ranking and Market Share（Based on data of 2021, Continually updated）
Source: QYResearch, “Lignin – Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
The global key manufacturers of Lignin include Borregaard LignoTech, KMT Polymers, Domsjo Fabriker, Weili Group, Nippon Paper, Tembec(Rayonier Advanced Materials), Wuhan East China Chemical, Shenyang Xingzhenghe Chemical, Xinyi Feihuang Chemical, MWV (WestRock), etc. In 2021, the global top five players had a share approximately 72.0% in terms of revenue.
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