Lignin is a complex polymer which has low volume consumption in the market. It is abundantly found in plant tissues as binding the cells, fibres and vessels. It is the most copious natural raw material obtainable on earth stored as solar energy. It is a fibrous component that stores solar energy and circulate water molecules within the plant. It can be used as a green alternative for petroleum derived substances like resins, fuels, thermoplastics blends, rubber additives, nutraceuticals and pharmaceuticals. Therefore it is also utilized as low value fuel. This market faces barriers like matured technology, interest from potential game changing investors, lack of funding options from bio-refiners, competitions from alternative routes and feedstock, etc.

Lignin is applicable to areas like multi-polarity related products, materials, agricultural activities, high purity / value applications, manufacture of vanillin, animal feed, dye dispersants, micronutrients, resins, and cleaning chemicals. This complex material has restraint in the market like low exposure of manufacturers and usage of basic technology. But due to pollution, there is enormous opportunity for this market as a substitute for fossil-based raw materials. Economically, it is an extensively use as niche application which has low volume. Low purity lignin, lingo-sulphonates, kraft lignin, organosolv lignin, and high-grade lignin are the different types of lignin depending upon their purity.

Approximately, this material is $300 million worth in the global market and also about 300 billion tonnes of this polymer is available around the globe. This volume increases every year by over 20 billion tonnes. In the coming future, the complex polymer can become the core renewable aromatic resource in the chemical industry. Perhaps, it is considered as the future of industrial bio-refineries.

Decision Databases research reports provide analysis of the global lignin market in terms of revenue and output/volume. Market drivers and restraints are thoroughly studied which impact the market. The market is segmented on the basis of the global applications, geographic presence, by products and ingredients. We offer an inclusive category-specific market outlook. We provide access to a comprehensive collection of companies in the industry. The companies can strategize and execute business operations through our competitor analysis.