High Purity Lignin Market Analysis Explosive Factors of Revenue by Key Vendors Demand, Future Trends, Forecast – 2030

High Purity Lignin Market Insights:

In a recent research report by Market Research Community, the high purity lignin market is expected to surpass USD 43.8 Million by the year 2030, from USD 25.5 Million in 2021.

Lignin is a complex oxygen-containing organic polymer that is the chief constituent of wood when combined with cellulose. The high purity lignin is sourced by lignin purification which is the procedure of separating lignin from other organic biomass components such as glucose, ethanol, and hemicellulose. The high purity lignin is separated for the production of ferulic acid, optically active lignans, vanillin, and other industrial goods.

The sugarcane bagasse segment is anticipated to contribute a revenue share of over USD 3 million in 2021. The factors such as the modified ability of the feedstock made of lignin cellulose biomass and wide applicability to multiple industrial purposes due to the abundance of sugarcane bagasse are expected to further support the growth of the sugarcane bagasse segment during the forecast period.

North America is expected to witness significant growth during the forecast period. The factors such as the rising awareness in terms of using sustainable alternatives for construction, the large presence of major market players, and increased emphasis on water treatment facilities owing to the growing use of lignin formulation are the major contributors to the growth of the high purity lignin market in the North American region.

The market is projected to grow at a significant pace reaching a CAGR of approximately 6.2%, over the forecast period of 2022–2030, despite a considerable fall in product sales during the initial phase of the pandemic spread and lockdown restrictions imposed globally.

The study is consolidated into major segments and further into sub-segments, such as by product type (kraft lignin, organosolv, and others), by source (hardwood, softwood, sugarcane bagasse, straw), by application (binders & adhesives, phenol, vanillin, carbon fiber, activated carbon), to forecast the high purity lignin market size  by value; also includes the analysis of past market dynamics from 2016 – 2021, considering 2021 as the base year.         


Lastly, the report includes a regional analysis and country analysis with the latest trends, along with the major key players including Borregaard LignoTech, Rayonier Advanced Materials, NIPPON PAPER INDUSTRIES CO LTD., Domtar Corporation, Domsjo Fabriker, Stora Enoo Oyj, Burgo Group Spa, The Dallas Group of America, Changzhou Shanfeng Chemical Industry Corporation, Metsa Group.

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