Lignin Market Size, Share | Industry Analysis Report, 2022

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Lignin Market 2015 – 2022


Lignin Market Size is likely to exceed 17.4 million tons by 2022, with gains of over 5% from 2015 to 2022.

In terms of revenue, the industry is likely to be valued at more than USD 6.2 billion by 2022.

Lignin market size is anticipated to grow on account of its increasing demand in manufacturing a host of applications including animal feed, dust control and concrete admixtures. In addition, it is also used in manufacturing dispersants and binders & adhesives.

Lignin market price trend will be critical in commercial viability in its use in applications such as BTX (benzene, toluene & xylene) and carbon fiber production.

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Global Market Scenario of Lignin Properties




They are used in application such as plasticizers, resins, nylon fibres, rubber chemicals, dyes, pesticides and urethane foams & elastomers.

Lignin based BTX application would be similar to that of petrochemical derived as it is to be used as drop-in chemical.

it is still in the R&D process and progress is still to be made on de-polymerization technique to improve yield and specificity. This development in technology may take years to develop and commercialize.


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Germany lignin market size, by product, 2012-2022 (Kilo Tons)





Application Analysis

Significant extraction volume is used for burning as a low cost fuel. The remaining quantity finds use across the chemical industry to manufacture a number of products such as aromatics and macromolecules.

Regional Analysis

Europe lignin market size was the largest industry in 2014, valued at over USD 1.6 billion, this trend is anticipated to continue over the forecast period on account of presence of favorable regulatory framework for its use in a wide array of commercial applications.

Competitive Market Share

Critical to gaining global lignin market share, companies are investing in research to develop low cost and efficient technologies to offset the difficulties and production expense. One such company is ORNL which is setting up target to develop carbon fiber with a production cost at USD 8 per kg and commercialize in the market at USD 12 per kilo.

360° Analysis


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Lignin Market Size, Share | Industry Analysis Report, 2022