Lignin Market Size, Share & Trends Report

Lignin Market Size, Share & Trends Analysis Report By Product (Ligno-Sulphonates, Kraft, Organosolv), By Application (Macromolecule, Aromatic), By Region (APAC, MEA, North America, Europe), And Segment Forecasts, 2019 - 2025

  • Published Date: Mar, 2019
  • Base Year for Estimate: 2018
  • Report ID: 978-1-68038-422-2
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2017
  • Number of Pages: 120

Industry Insights

The global lignin market size was valued at USD 793.7 million in 2018 and is projected to expand at a CAGR of 1.9% from 2019 to 2025. Increasing demand for lignin for the production of macromolecules, which are used in the manufacture of biofuels, bitumen, and bio-refinery catalysts, is expected to drive the market growth over the forecast period. Growing demand for binders & adhesives and concrete admixtures coupled with increasing expenditure on infrastructure development is also expected to drive market over the forecast period.

In addition, demand for dust control systems on account of increasing air pollution is expected to propel the industry growth over the forecast period. Rising automobile production in U.S. and new product launches is expected to boost the demand for lightweight materials, such as carbon fibers, thereby augmenting the consumption of lignin over the next few years.

U.S. lignin market

Timber production from both forest and agricultural plantations is expected to increase on account of rising number of plantations, providing wood for pulp and common saw timber. This is expected to result in abundance of raw material, which is further expected to propel the industry growth over the forecast period.

In addition, constant technological developments pertaining to the production are expected to drive the industry further. Sulphur-free lignin is gaining popularity owing to its higher versatility. Factors, such as annual renewability, cost advantages, and adequate availability, are expected to promote the use of non-sulphated lignin for thermosetting and thermoplastic applications.

Product Insights

Ligno-sulphonates was the largest product segment in 2018 and is estimated to maintain its dominance throughout the forecast years. Increased production of concrete in U.S., China, and India owing to improving construction sector is expected to fuel demand for ligno-sulphonates, thereby supporting segment growth. Rising awareness about reducing the dependency on crude oil has forced BTX, phenolic resins, and carbon fibers manufacturers to use bio-based raw material. This is expected to fuel the demand for lignin over the next few years.

Increasing demand for dispersant owing to a large number of automotive and concrete industries in North America is expected to boost demand for sulfur-free lignin. Growing construction and oil & gas industry in this region is also expected to fuel the demand further. Increasing application of the product as dust suppressor is expected open new growth avenues for the market. Extensive R&D to replace non-renewable energy sources in developing countries including China and India is also expected to offer novel growth opportunities avenues for market over the forecast period.

Application Insights

Growing market for aromatic derivatives, such as nylon and styrene rubber, in automotive and construction industries is expected to spur the demand for BTX and phenol resins. As a result, lignin is expected to be extensively utilized as a raw material for the production of aromatics over the forecast period.Stringent regulations regarding the production of polymers for reducing Greenhouse Gas (GHG) emissions coupled with fluctuations in crude oil prices are concerning factors for chemical manufacturers. As a result, chemical manufacturers are focusing on reducing reliance on crude oil or petrochemical as a raw material for manufacturing polymers.

Global lignin market

Regulatory inclination toward reducing GHG emissions has compelled polymer manufacturers to increase expenditure on the development of naturally-derived raw materials. As a result, lignin is expected to be utilized as an intermediate for the production of vanillin, phenol, BTX and phenolic resins. The aromatics segment is expected to register the highest CAGR of 2.1% from 2019 to 2025 on account of rising product use in the manufacturing of phenols, BTX, and vanillin.

Regional Insights

Shifting trend among chemical manufacturers in U.S. to use bio-based raw material for product manufacturing is expected to promote the application of bio-refinery, thereby augmenting product demand as a catalyst. In addition, growth of the construction renovation industry is expected to drive the market further. Europe was the largest regional market in 2018. The region is projected to maintain its leading position over the forecast years on account of strict regulations regarding GHG emissions coupled with robust manufacturing base of bio-polymers in Germany, France, Netherlands and Belgium.

Growing demand for light-weight automotive materials and bio-based materials in Europe is also expected to have a positive impact on the market. In addition, rising usage in aromatic applications and extensive R&D are expected to benefit the region’s development. Presence of a large-scale chemical manufacturing industry in Asia Pacific is expected to play an important role in driving the region’s growth over the forecast period. Macromolecules were the largest application segment of the market on account of high consumption of the product in production of activated carbon, binders, composites, preservatives and polyols.

Company Market Share Insights

Borregaard LignoTech AB was the leading manufacturer accounting for over 40% of the global market. The company provides products for a variety of applications including battery additives, concrete admixtures, carbon black, dispersions, emulsions, fertilizers, gypsum boards, industrial binders, industrial cleaners & water treatment, ceramics and agricultural chemicals. Tembec holds a significant market share. The company primarily manufactures lingo-sulphonates and markets the product under the brand name “ABRO Lignosulphonates”. In addition, the company is integrated across two levels of the value chain, where it is engaged in production and raw material supply.

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2014 - 2017

Forecast period

2019 - 2025

Market representation

Volume in Kilotons, Revenue in USD Million, and CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa

Country scope

U.S., Canada, Mexico, Germany, U.K., France, Italy, Netherlands, Spain, China, India, Japan, Indonesia, Malaysia, Singapore, Brazil, Argentina, Saudi Arabia, Egypt, and Kuwait

Report coverage

Volume forecast, Revenue forecast, competitive landscape, growth factors and trends

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Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global lignin market report on the basis of product, application, and region:

  • Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • Ligno-sulphonates

    • Kraft Lignin

    • Organosolv Lignin

    • Others

  • Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • Macromolecules

    • Aromatics

  • Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • U.K.

      • France

      • Italy

      • Netherlands

      • Spain

    • Asia Pacific

      • China

      • Japan

      • India

      • Indonesia

      • Malaysia

      • Singapore

    • Central & South America

      • Brazil

      • Argentina

    • Middle East & Africa

      • Saudi Arabia

      • Egypt

      • Kuwait

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