Lignin Market Share

APAC Market Statistics

The market in the Asia Pacific region is expected to record the highest CAGR in the lignin market during the forecast period owing to the rise in construction activity in nations, including China, India, Japan, and South Korea backed by an increasing population. Additionally, increasing usage of lignin in the paper and pulp industry is estimated to propel the market in the region. Growing knowledge of the advantageous effects of lignin in livestock feed among breeders and keepers is predicted to boost market demand. China, India, Japan, South Korea, Australia, and the remaining nations in the Rest of the Asia Pacific regional category are the primary contributors to APAC market expansion. Furthermore, the presence of a thriving pulp and paper-producing sector in the region is expected to boost the market.

Europe Market Forecast

The Europe lignin market is estimated to be the second largest, registering a share of about 25% by the end of 2037. Regulations limiting the release of greenhouse gases, together with a strong biopolymer industrial base in France, Belgium, Germany, and the Netherlands, are expected to drive demand. The existence of large vehicle production facilities, together with the rising demand for compact motor vehicles, is likely to boost the regional market. Furthermore, ascending aromatic application of lignin in aromatic alcohol, along with extensive research and development by various prominent players are expected to add to the market growth in the Europe region. Germany, being a significant hub for the aviation and automobile sectors, saw a growth in demand for carbon fibers from these sectors. For instance, in Italy, car output in 2021 is expected to reach 795,856 units, up 2% from 2020. This is projected to raise lignin demand in this region. Lignin is utilized to make low-cost carbon fibers without sacrificing efficiency.

North American Market Forecast

Further, the market in North America, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2037. The escalating aromatic uses and substantial R&D by significant firms are projected to assist North American market growth. The United States Environmental Protection Agency (EPA) has offered monetary support to promote the development of biopolymers and bio-refinery, which is projected to drive lignin consumption. Furthermore, evolving movements within the chemical production sector for the use of bio-based raw materials in manufacturing methods are expected to encourage the usage of bio-refinery, fueling the popularity of lignin as a catalyst in this region.