The global lignin market is anticipated to grow at a considerable CAGR of 4.9% during the forecast period. Due to the increasing importance of biofuels, to reduce pollution the demand for lignin is growing across the globe. Replacing fossil fuels with biofuels has the potential to generate a number of benefits such as conventional & greenhouse gas (GHG) pollutant emissions, exhaustible resource depletion, and dependence on unstable foreign suppliers. Growing awareness to reduce air pollution and decrease levels of GHG emissions are major factors that are expected to fuel the demand for kraft lignin products. It causes less harmful carbon emissions compared to standard diesel. Using biodiesel as a vehicle fuel provides advantages such as increased energy security, improved air quality, and several other environmental benefits. Such factors and benefits have pushed governments and companies to increase the use of biodiesel as a fuel to reduce carbon footprint across the globe. For instance, in April 2022, the US Environmental Protection Agency (US EPA) published a report stating the economics of biofuels, according to which carbon emission (CO2) accounted for 79% of the overall GHG emissions from human activities.
Browse the full report description of “Lignin Market Size, Share & Trends Analysis Report by Product (Kraft Lignin, Lignosulphonates, Low Purity Lignin, And High Purity Lignin), and by Application (Aromatics, and Macromolecules) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/lignin-market
Furthermore, biodiesel is safe to handle, store, and transport. The burning of fossil fuels is the primary cause of current climate change, altering the Earth’s ecosystems and causing human and environmental health problems. According to Natural Resources Defense Council, fossil fuel air pollution kills one in five people across the globe. The increasing consumption of petroleum is also increasing pollution which leads to various harmful effects on the environment and humans as these fossil fuels emit toxic harmful gases and pollutants. For instance, according to the US Energy Information Administration (EIA), the latest report in 2021, the US consumed an average of about 19.78 million barrels of petroleum per day or a total of about 7.22 billion barrels of petroleum. This was an increase in consumption of about 1.6 million barrels per day over consumption in 2020.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Product
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including Domtar Corp., Domsjö Fabriker AB, Stora Enso Oyj, Burgo Group S.p.A., Nippon Paper Industries Co. Ltd., and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Lignin Market Report Segment
By Product
• Kraft Lignin
• Lignosulphonates
• Low Purity Lignin
• High purity lignin
By Application
• Aromatics
• Macromolecules
Global Lignin Market Report Segment by Region
North America
• US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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