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Lignin Market Share

Report ID: GMI181
Published Date: Jan 2023
Report Format: PDF

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Lignin Market Share

The lignin market is inclusive of leading players like

Stora Enso Oyj
Sumitomo Bakelite Co., Ltd
Borregaard LignoTech
Toray
Teijin
Rayonier Advanced Materials
Domsjo Fabriker AB (Aditya Birla)
Domtar Corporation

Companies are expanding their manufacturing capacity to meet the demand for sustainable products from various end-users.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of lignin was worth USD 836.8 million in 2023 and is projected to record a 6% CAGR from 2024 to 2032.

Low-purity lignin segment is estimated to record a 6% CAGR between 2023 to 2032 owing to high preference for biomass consumption & favorable regulations in the U.S.

Asia Pacific lignin market is forecasted to be valued at over USD 60 million by 2032 due to increasing requirement for bio-based materials across various end-user industries.

Stora Enso Oyj, Sumitomo Bakelite Co., Ltd, Borregaard LignoTech, Rayonier Advanced Materials, Domsjo Fabriker AB (Aditya Birla), and Domtar Corporation are some of the leading manufactures of lignin.