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Lignin Waste-73e46ef9

Global Lignin Waste Market Size, Industry Trends, Historical Data, Growth Analysis Forecast to 2030

iSteve 12 months ago 0 1

The global lignin waste market size was worth around USD 808.82 Billion in 2022 and is predicted to grow to around USD 1474 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 5.9% between 2023 and 2030.

The study examines the market drivers, challenges, and restraints for lignin waste globally as well as how these factors will affect demand over the forecast period. The paper also looks at new potential in the lignin waste sector.

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Overview of the Lignin Waste Market

Waste lignin is a byproduct that is frequently seen in the pulp and paper industry. It is created when paper or other goods made of wood are produced. Lignin, an incredibly intricate organic polymer, is utilised to bind cellulose fibres together in plants and trees. Wood is treated to create pulp, which is then used to make paper. The important stage in this technique is stripping the lining from the cellulose fibres, after which the substance is either thrown away as garbage or burned to produce energy. The interest in using lignin waste for further purposes has grown significantly over the past few years, particularly as sustainable and renewable raw materials for other applications, such as chemicals and biofuels.

Through various procedures including hydrolysis, pyrolysis, and other sorts of enzyme-based treatments, the waste can be effectively transformed into high-quality goods. Due to increasing investments in better research & development of the byproduct, the fraternity is anticipated to rise significantly during the forecast period.

Key Insights:

• Our research analyst’s analysis indicates that over the projected period (2023-2030), the global market for lignin waste is expected to develop annually at a CAGR of about 5.9%.

• The market for lignin waste was estimated to be worth around USD 808.82 billion in 2022, and it is anticipated to grow to USD 1474 billion by 2030.

• The market for lignin waste is expected to expand significantly over the next years as a result of the rising demand for renewable raw materials.

Demand for sustainable raw materials is rising, which will help the market expand.

End-users are increasingly being encouraged to use renewable sources of energy in order to meet their needs and demands as a result of increased consumer awareness of the damaging environmental effects of urbanisation, commercialization, and industrialization. The global lignin waste market can anticipate greater expansion as people’s awareness of the negative effects of using non-renewable resources grows. This is because there is a rising need for sustainable raw materials. A potential substitute for non-renewable raw materials in the chemicals and materials business is lignin waste, a byproduct of the expanding pulp and paper industry.

Extraction costs are very high, limiting market growth

Lignin extraction from wood pulp is a difficult process that requires significant capital expenditure and labor-intensive resources. This can be a major impediment to growth, especially for small or new firms that may have tight funds or may not be able to see the lignin waste industry’s economic feasibility. Additionally, the absence of standardisation norms may lead to variations in the waste’s quality. This is because it is challenging to standardise the extraction procedure due to the compound’s heterogeneous nature.

increasing spending on the creation of new applications to encourage expansion

Waste lignin may be effectively transformed into a variety of goods, such as biofuels, chemicals, and materials. Lignin utilisation may see an increase as a result of increased investments in the creation of new uses for the substance, such as in the construction industry, one of the fastest-growing industries. Furthermore, it is anticipated that the companies in the lignin waste business will benefit from technological improvements. This covered procedures for extracting value from lignin waste and selling it. The market that uses trash to enhance carbon fibre performance may be the most lucrative.

High competition from substitutes will impede market expansion

The market for lignin waste is highly competitive due to other alternatives that use sustainable and renewable raw materials. Hemiecellulose and cellulose are a couple of examples of substitutes. Additionally, non-renewable resources like petrochemicals, which serve as a significant energy resource, are presently used extensively around the world. Because of the intense competition, the market for lignin-based products may become less attractive and the need for lignin waste may decline.

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The Global Lignin Waste Market is segmented based on product, application and region.

Global Lignin Waste Market: Product Segment Analysis

● Lignosulphonate
● Kraft Lignin
● Others

Global Lignin Waste Market: Application Segment Analysis

● Dyestuff
● Concrete Additives
● Animal Feed
● Others

Recently Occurring Events :

• The scientific community at Oak Ridge National Laboratory reported the discovery of a new microbial enzyme in July 2021. This enzyme is capable of degrading the lignin’s otherwise difficult-to-break linkages. This finding may help produce bioproducts and biofuels at a lower cost.

• MetGen Oy and Technip Energies launched a joint venture in September 2022 that will aim to commercialise the METNIN technology, which is used to value lignin. An enzyme-based product called METNIN caused the lignin in lignocellulosic feedstocks to fragment.

The global lignin waste market is led by players like:

● ArborGen LLC
● Borregaard
● MeadWestvaco Corporation
● Domtar Corporation
● Nippon Paper Industries Co Ltd
● Rayonier Advanced Materials
● WestRock Company
● Stora Enso
● Asian Agro
● UPM-Kymmene Corporation
● Flambeau River Papers
● Georgia-Pacific Chemicals LLC
● GreenValue Enterprises LLC
● Dallas Group of America Inc
● Domsjö Fabriker AB
● Changzhou Shanfeng Chemical Industry Co Ltd
● Lignin Institute LLC
● The Dallas Group of America Inc
● Northway Mushrooms
● Tembec Inc
● Renewable Energy Group Inc
● Southland Organics
● Suzano S.A.

North America will experience the biggest CAGR growth.

The North American region is predicted to experience the highest growth in the world market for lignin waste, with Canada and the US serving as major revenue producers. For a higher rate of lignin waste production in these areas, a sizable pulp and paper sector is essential.

Additionally, the growing emphasis on switching to renewable energy sources, which is supported by several government efforts, and the proactive attitude of end users are significant for regional CAGR. Due to the rising demand for lignin waste in the construction industry and its usage as animal feed, the Nordic countries, France, and Germany are likely to lead the regional revenue in Europe. The creation of effective methods for valorizing lignin waste is receiving a lot of interest in the Asia-Pacific region. This is especially obvious in China and India, where there will likely be substantial energy consumption in the years to come.

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