Lignin Market. Share and Growth Factors Covid-19 Impact Analysis 2021–2027 | Alberta-Pacific (Alpac), Innventia & Domtar Corp

Lignin is a valuable renewable resource for the chemical industry that is produced as a byproduct of lignocellulosic bio-refineries. As a byproduct of the pulping industry, 50–60 million tonnes of lignin are removed from wood each year. Lignin, a plant component, has a lot of potential for being converted into value-added products, which can help a bio-bottom refinery's line. It's a non-toxic, renewable raw material that accounts for roughly 30% of the weight and 40% of the energy content of lignocellulosic biomass. The relatively plentiful biomass product lignin is undervalued because to its complicated character, and it is largely employed as a boiler fuel in the paper and pulp industries.

Natural and industrial sources of lignin-based products are available. Lignin is found in the tissue of vascular plants, where it contributes to the cell wall's mechanical strength and structural integrity. Because of its complicated chemical structure, it can be used in a variety of applications. Cooking liquors produced during the wood pulping process are major sources of lignin. Lignin can be manufactured from industrial sources utilising two technologies: the kraft pulping process and the soda process. The kraft pulping method is the most widely used and is expected to grow significantly over the forecast period.

The good from lignin market can be split into cellulose enzyme lignin, milled wood lignin, chemical lignin, klason lignin, pyrolytic lignin, and others, depending on the kind. Lignin is a low-cost, long-lasting raw ingredient. It's also a great alternative to oil-based products. As a result, these factors are expected to boost the market for lignin-based products over the forecast period.

The lignin market can be divided into activated carbons, binders, carbon fibres, phenolics, guaiacol, and others based on derivative type. Guaiacol is a natural chemical substance that can be made from guaiacum or wood creosote. It's a forerunner of vanillin and roasted coffee, among other tasting compounds. Expectorants, antiseptics, local anaesthetics, and indicators in chemical reactions that create oxygen are all made from its derivatives. Polyacrylonitrile, which is derived from petroleum, accounts for almost 90% of all carbon fibre manufactured worldwide (PAN). In comparison to PAN, lignin has a carbon content of more than 60% and is a renewable substance.

The global lignin market is divided into five regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Due to an increase in demand for these products from the cement sector in the region, Asia Pacific is predicted to be a rapidly increasing market for lignin from 2018 to 2026. Due to increased awareness of lignin products from the pulp and paper sector, lignin-based products account for a considerable market share in North America and are likely to grow significantly in the near future. Due to an increase in the consumption of li, the market in Europe is expected to grow at a high rate from 2018 to 2026.

Alberta-Pacific (Alpac), Innventia, Domtar Corp, and Green Value are all major competitors in the global lignin market.