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High Purity Lignin Market Share

Report ID: GMI5360
Published Date: Sep 2022
Report Format: PDF

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High Purity Lignin Market Share

Suzano SA
Domtar Corporation
West Fraser
Stora Enso Oyj
Liquid Lignin Company
Metsa Group
Sigma Aldrich
Alberta Pacific
Green Value S.A.
Ingevity Corporation

are some of the key high purity lignin industry players. These companies are focusing on factory development and business extension to reinforce their presence in the market. For instance, in December 2022, Stora Enso Oyj invested in the establishment of a factory for lignin granulation and packaging. This initiative was aimed at the replacement of raw materials derived from fossil fuels with bio-based raw materials.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The global market for high purity lignin attained a valuation of over USD 25 million in 2021 and is poised to depict a CAGR of more than 6% through 2022-2030, driven by increased construction activities in North America.

Organosolv product segment is set to be valued at over USD 18 million by 2030, driven by its increasing usage in the formulations of inks, paints, and varnishes.

Europe high purity lignin market is set to exhibit a growth rate of over 6.5% through 2022-2030, with the rising inclination toward high-purity lignin chemicals, phenols, vanillin, animal feed, and dispersants.

Suzano SA, Domtar Corporation, West Fraser, Stora Enso Oyj, Liquid Lignin Company, Sigma Aldrich, Alberta Pacific, Green Value S.A., and Ingevity Corporation are some of the key companies holding a major share in the market.