Europe and Americas Lignin Market Growth and Forecast by 2028

The Europe and Americas lignin market size was valued at US$ 325,222.05 thousand in 2022 and is expected to reach US$ 439,701.82 thousand by 2028; it is expected to record a CAGR of 5.2% from 2022 to 2028.

Lignin is one of the most significant by-products of the paper & pulp industry. Wood contains ~25-30% of lignin. It is processed and further used as a binder, dispersant, filler, modifier, adsorbent, and stabilizer for a variety of applications such as cement admixtures, pigments and dyes, water treatment chemicals, bitumen, and soil enhancers. In plastics and polymers, lignin can substitute various fossil fuel-based resins, including phenols. In animal feed and fertilizers, lignin serves as a pelletizing agent. The rising demand for lignin for a wide range of applications, coupled with increasing demand for sustainable ingredients across the industrial sector, is driving the Europe and Americas lignin market.

The Europe and Americas lignin market is segmented into Europe, North America, and South & Central America. Europe held the largest market share in 2022; however, North America is expected to register the highest CAGR over the forecast period. The presence of a robust paper & pulp industry and a rise in demand for lignin as a sustainable alternative to petroleum-based phenolic resins in the plastic and polymers industry are a few factors significantly driving the market growth. Moreover, the presence of well-established manufacturers of lignin such as Borregaard ASA, Domsjo Fabriker AB, Sappi Ltd, and Stora Enso Oyj operating actively across Europe as well as focusing on expanding their production capabilities is also driving the growth of the lignin market in Europe.

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Europe and Americas Lignin Market: Strategic Insights

Europe and Americas Lignin Market

• Market Size 2022
  US$ 325,222.05 thousand
• Market Size 2028
  US$ 439,701.82 thousand

Market Dynamics

GROWTH DRIVERS

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FUTURE TRENDS

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OPPORTUNITIES

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Regional Overview

• Europe
• Americas

Market Segmentation

Type

• Lignosulfonates
• Kraft Lignin
• High Purity Lignin

Form

• Solid and Liquid

Application

• Concrete Additives
• Plastics and Polymers
• Bitumen
• Water Treatment
• Dyes and Pigments
• Activated Carbon
• Carbon Fiber

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Europe and Americas Lignin MarketReport Scope

Europe and Americas Lignin Market Report Scope