According to the business intelligence report titled ‘Global Lignin Market 2022-2028’, available with MarketStudyReport, global lignin market is anticipated to record an average yearly growth rate of 3.3% through 2028 and the value is poised to surge by USD 155 million during 2022-2028.

Increasing usage of product in animal feed, manufacturing of bio-refinery catalysts, bio-fuels, and bitumen, in consort with surging demand for natural adhesives, binders, and concrete admixtures with flourishing construction sector are propelling the growth of global lignin market.

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For the unversed, lignin is a naturally occurring by-product from the conversion of wood into paper pulp. Furthermore, technological advancements in the field, and escalating utilization of the product as a primary ingredient in various insecticides and pesticides present new opportunities for market expansion in the coming years.

In addition to the drivers and opportunities, the research literature also contains an in-depth analysis of current and upcoming challenges in the business sphere over the forecast period, while also divulging solutions for the same. It also contains the historical growth data as well as current trends, thereby producing reliable estimates for industry size, expansion rate, distribution channels, and revenue share over the forecast period.

For the sake of comprehension, worldwide lignin market sphere is bifurcated in terms of product (kraft lignin, lignosulfonates, others), process (sulfite pulping, kraft pulping), and application spectrum (oil & mining, agriculture, animal feed, dust control, building & construction, metallurgy, chemical processing, others). All these sub-markets are individually assessed to impart a broader understanding of this domain.

Considering the regional expanse, North America, Europe, and Asia Pacific contribute significantly to overall market remuneration. Each regional market is minutely analyzed in the business intelligence literature to facilitate a clear understanding of current trends, thereby enabling the players to explore newer possibilities.  

Moving on to the competitive landscape, a comprehensive analysis helps to understand prominent as well as emerging players, based on their business operations, strategic undertakings, and technological advancements.

Renowned players in global lignin industry include Yanbian Shixian Bailu Papermaking Co. Ltd., Wuhan East China Chemical Co. Ltd., Burgo Group S.p.A., Aditya Birla Group, Sappi Ltd., Borregaard LignoTech AB, Nippon Paper Industries Co. Ltd., Lenzing AG, Stora Enso Oyj, Shenyang Xingzhenghe Chemical Co. Ltd., Jinzhou Jinri Paper Company Ltd., Dallas Group of America Inc., Hubei Aging Chemical Co. Ltd., and Rayonier Advanced Materials among others.