Lignin Bio-oil Market Analysis

End-Use (Chemical, Petrochemical, Automotive, Energy)

The automotive segment in the lignin bio-oil market is anticipated to grow at a share of about 50% during the coming years. This is could be owing to growing pollution caused by automotive. Over 6 billion metric tons of carbon dioxide (GtCO2) were created by the worldwide transport industry in 2021, making it one of the greatest polluters. Passenger cars accounted for about 38 percent of the emissions during that year. Hence, the utilization of lignin bio-oil is growing in automotive.

Process (Pyrolysis, Liquefaction)

The pyrolysis segment is set to rise at a share of approximately 70% over the forecast period. In a lack of oxygen, pyrolysis is a quick and easy thermochemical process for converting solid biomass into bio-oil. In fast pyrolysis, the substances in the reactor are heated to the desired temperature at a rapid pace, and lignin is quickly broken down into volatiles that are rapidly condensed into liquid. Fast pyrolysis's adaptability and simplicity of utilization render lignin conversion more efficient and practical. As a result, biomass pyrolysis is an effective way to surge the market demand.

Our in-depth analysis of the global market includes the following segments: