Product Code: BMIRE00028769
The Europe lignin market was valued at US$ 1,76,255.83 thousand in 2022 and is expected to reach US$ 2,36,625.58 thousand by 2028; it is estimated to grow at a CAGR of 5.0% from 2022 to 2028.
Strategic Development Initiatives by Key Market Players
Lignin manufacturers are investing significantly in strategic development initiatives such as product innovation, mergers & acquisitions, and expansion of their businesses to attract a wide customer base and enhance their market position. Moreover, the demand for lignin is increasing among end-use industries due to rising environmental concerns and sustainability issues. For instance, in December 2021, Nippon Paper (Japan) and Stora Enso Oyj (Finland) signed a partnership agreement to use trees to revolutionize the battery industry. Their research focused on the replacement of lithium-ion and rare-metal batteries with lignin. Similarly, in January 2023, Lignovations, an Austria-based company that develops natural functional ingredients from lignin, developed LignoGuard, a multifunctional ingredient produced from woodchips, sawdust, and low-quality hardwood. The product aids in reducing synthetic UV filters and minerals required for photoprotection. It can be used as a natural antioxidant and emulsion stabilizer and applied to sensitive skin. Such product innovations help companies to gain a competitive advantage in international markets.
Major manufacturers are adopting creative strategies such as acquisition, expansion, and production capacity scaleup to serve their customers better and satisfy their growing demands. Therefore, strategic initiatives by manufacturers are expected to fuel the growth of the lignin market during the forecast period.
Europe Lignin Market Overview
The Europe lignin market growth is attributed to the growing implementation of climate plans by the European Union. In manufacturing batteries, graphitic carbon - is a strictly layered material that can have slow charging times. Replacing this fossil-based graphite with hard carbon from trees, such as lignin, brings both technical and environmental benefits. Hence, in batteries manufacturing, the use of wood lignin, is expected to create growth opportunities for the lignin market in the coming years. Moreover, European Union is implementing a memorandum to regulate new batteries, in order to adopt cost-effective and non-polluting biodegradable polymers. Also, due to the growing adoption of electric vehicles in the region, the demand for batteries across the region is increasing tremendously. The demand for batteries is projected to grow during the forecast period as battery manufacturers are procuring sustainable materials for the electrification of mobility. Sustainability has become a major goal of the automotive industry; as a result, car and battery manufacturers are focused on reducing carbon emissions in electric cars. Hence, bio-based carbon materials manufacturers are investing in the development of new products. For instance, on July 21, 2021, Stora Enso Oyj's pilot facility started operations for producing bio-based carbon materials from lignin. In 2019, the company announced an investment of US$ 11.32 million in this facility.
Europe Lignin Market Revenue and Forecast to 2028 (US$ Thousand)
Europe Lignin Market Segmentation
The Europe lignin market is segmented based on type, form, application, and country. Based on type, the Europe lignin market is segmented into lignosulfonates, kraft lignin, high purity lignin, and others. The lignosulfonates segment held the largest market share in 2022.
Based on form, the Europe lignin market is bifurcated into solid and liquid. The solid segment held a larger market share in 2022.
Based on application, the Europe lignin market is segmented into concrete additives, plastics and polymers, bitumen, water treatment, dyes and pigments, activated carbon, carbon fiber, and others. The concrete additives segment held the largest market share in 2022.
Based on country, the Europe lignin market is segmented into Germany, the UK, France, Italy, Russia, and the Rest of Europe. The Rest of Europe dominated the Europe lignin market share in 2022.
Nippon Paper Industries Co Ltd; Borregaard ASA; Burgo Group SpA; Domsjo Fabriker AB; Sappi Ltd; Stora Enso Oyj; Suzano SA; The Dallas Group of America Inc; Tokyo Chemical Industry Co Ltd; and West Fraser Timber Co Ltd are the leading companies operating in the Europe lignin market.
Reasons to Buy:
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Table Of Contents
1. Introduction
- 1.1 Study Scope
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 1.3.1 Europe Lignin Market, by Type
- 1.3.2 Europe Lignin Market, by Form
- 1.3.3 Europe Lignin Market, by Application
- 1.3.4 Europe Lignin Market, by Country
2. Key Takeaways
3. Research Methodology
- 3.1 Scope of the Study
- 3.2 Research Methodology
- 3.2.1 Data Collection:
- 3.2.2 Primary Interviews:
- 3.2.3 Hypothesis formulation:
- 3.2.4 Macro-economic factor analysis:
- 3.2.5 Developing base number:
- 3.2.6 Data Triangulation:
- 3.2.7 Country level data:
4. Europe Lignin Market Landscape
- 4.1 Market Overview
- 4.2 Porter's Five Forces Analysis
- 4.2.1 Threat of New Entrants:
- 4.2.2 Bargaining Power of Suppliers:
- 4.2.3 Bargaining Power of Buyers:
- 4.2.4 Intensity of Competitive Rivalry:
- 4.2.5 Threat of Substitutes:
- 4.3 Ecosystem Analysis
- 4.3.1 Raw Materials
- 4.3.2 Production Process
- 4.3.3 End-Use Industries
- 4.4 Expert Opinion
5. Europe Lignin Market - Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Growing Demand of Lignin from Several End-Use Industries
- 5.1.2 Government Regulations and Initiatives to Promote Sustainable and Bio-Products
- 5.2 Market Restraints
- 5.2.1 Availability of Substitutes for Lignin
- 5.3 Market Opportunities
- 5.3.1 Adoption of Lignin for Carbon Fiber Production
- 5.4 Future Trends
- 5.4.1 Strategic Development Initiatives by Key Market Players
- 5.5 Impact Analysis of Drivers and Restraints
6. Lignin - Europe Market Analysis
- 6.1 Europe Lignin Market -Volume and Forecast to 2028 (Tons)
- 6.2 Europe Lignin Market -Revenue and Forecast to 2028 (US$ Thousand)
7. Europe Lignin Market Analysis - By Type
- 7.1 Overview
- 7.2 Europe Lignin Market, By Type (2021 and 2028)
- 7.3 Lignosulfonates
- 7.3.1 Overview
- 7.3.2 Lignosulfonates: Lignin Market - Volume and Forecast to 2028 (Tons)
- 7.3.3 Lignosulfonates: Lignin Market - Revenue and Forecast to 2028 (US$ Thousand)
- 7.4 Kraft Lignin
- 7.4.1 Overview
- 7.4.2 Kraft Lignin: Lignin Market - Volume and Forecast to 2028 (Tons)
- 7.4.3 Kraft Lignin: Lignin Market - Revenue and Forecast to 2028 (US$ Thousand)
- 7.5 High Purity Lignin
- 7.5.1 Overview
- 7.5.2 High Purity Lignin: Lignin Market - Volume and Forecast to 2028 (Tons)
- 7.5.3 High Purity Lignin: Lignin Market - Revenue and Forecast to 2028 (US$ Thousand)
- 7.6 Others
- 7.6.1 Overview
- 7.6.2 Others: Lignin Market - Volume and Forecast to 2028 (Tons)
- 7.6.3 Others: Lignin Market - Revenue and Forecast to 2028 (US$ Thousand)
8. Europe Lignin Market Analysis -By Form
- 8.1 Overview
- 8.2 Lignin Market, By Form (2021 and 2028)
- 8.3 Solid
- 8.3.1 Overview
- 8.3.2 Solid: Lignin Market - Revenue and Forecast to 2028 (US$ Thousand)
- 8.4 Liquid
- 8.4.1 Overview
- 8.4.2 Liquid: Lignin Market - Revenue and Forecast to 2028 (US$ Thousand)
9. Europe Lignin Market Analysis - By Application
- 9.1 Overview
- 9.2 Lignin Market, By Application (2021 and 2028)
- 9.3 Concrete Additives
- 9.3.1 Overview
- 9.3.2 Concrete Additives: Lignin Market - Revenue and Forecast to 2028 (US$ Thousand)
- 9.4 Plastics and Polymers
- 9.4.1 Overview
- 9.4.2 Plastics and Polymers: Lignin Market - Revenue and Forecast to 2028 (US$ Thousand)
- 9.5 Bitumen
- 9.5.1 Overview
- 9.5.2 Bitumen: Lignin Market - Revenue and Forecast to 2028 (US$ Thousand)
- 9.6 Water Treatment
- 9.6.1 Overview
- 9.6.2 Water Treatment: Lignin Market - Revenue and Forecast to 2028 (US$ Thousand)
- 9.7 Dyes and Pigments
- 9.7.1 Overview
- 9.7.2 Dyes and Pigments: Lignin Market - Revenue and Forecast to 2028 (US$ Thousand)
- 9.8 Activated Carbon
- 9.8.1 Overview
- 9.8.2 Activated Carbon: Lignin Market - Revenue and Forecast to 2028 (US$ Thousand)
- 9.9 Carbon Fiber
- 9.9.1 Overview
- 9.9.2 Carbon Fiber: Lignin Market - Revenue and Forecast to 2028 (US$ Thousand)
- 9.10 Others
- 9.10.1 Overview
- 9.10.2 Others: Lignin Market - Revenue and Forecast to 2028 (US$ Thousand)
10. Europe Lignin Market - by Country Analysis
- 10.1 Europe: Lignin Market
- 10.1.1 Europe: Lignin Market, by Key Country
- 10.1.1.1 Germany: Lignin Market-Revenue and Forecast to 2028 (US$ Thousand)
- 10.1.1.2 Germany: Lignin Market-Volume and Forecast to 2028 (Tons)
- 10.1.1.2.1 Germany: Lignin Market, by Type
- 10.1.1.2.2 Germany: Lignin Market, by Type
- 10.1.1.2.3 Germany: Lignin Market, by Form
- 10.1.1.2.4 Germany: Lignin Market, by Application
- 10.1.1.3 France: Lignin Market-Revenue and Forecast to 2028 (US$ Thousand)
- 10.1.1.4 France: Lignin Market-Volume and Forecast to 2028 (Tons)
- 10.1.1.4.1 France: Lignin Market, by Type
- 10.1.1.4.2 France: Lignin Market, by Type
- 10.1.1.4.3 France: Lignin Market, by Form
- 10.1.1.4.4 France: Lignin Market, by Application
- 10.1.1.5 Italy: Lignin Market-Revenue and Forecast to 2028 (US$ Thousand)
- 10.1.1.6 Italy: Lignin Market-Volume and Forecast to 2028 (Tons)
- 10.1.1.6.1 Italy: Lignin Market, by Type
- 10.1.1.6.2 Italy: Lignin Market, by Type
- 10.1.1.6.3 Italy: Lignin Market, by Form
- 10.1.1.6.4 Italy: Lignin Market, by Application
- 10.1.1.7 UK: Lignin Market-Revenue and Forecast to 2028 (US$ Thousand)
- 10.1.1.8 UK: Lignin Market-Volume and Forecast to 2028 (Tons)
- 10.1.1.8.1 UK: Lignin Market, by Type
- 10.1.1.8.2 UK: Lignin Market, by Type
- 10.1.1.8.3 UK: Lignin Market, by Form
- 10.1.1.8.4 UK: Lignin Market, by Application
- 10.1.1.9 Russia: Lignin Market-Revenue and Forecast to 2028 (US$ Thousand)
- 10.1.1.10 Russia: Lignin Market-Volume and Forecast to 2028 (Tons)
- 10.1.1.10.1 Russia: Lignin Market, by Type
- 10.1.1.10.2 Russia: Lignin Market, by Type
- 10.1.1.10.3 Russia: Lignin Market, by Form
- 10.1.1.10.4 Russia: Lignin Market, by Application
- 10.1.1.11 Rest of Europe: Lignin Market -Revenue and Forecast to 2028 (US$ Thousand)
- 10.1.1.12 Rest of Europe: Lignin Market - Volume and Forecast to 2028 (Tons)
- 10.1.1.12.1 Rest of Europe: Lignin Market, by Type
- 10.1.1.12.2 Rest of Europe: Lignin Market, by Type
- 10.1.1.12.3 Rest of Europe: Lignin Market, by Form
- 10.1.1.12.4 Rest of Europe: Lignin Market, by Application
11. Industry Landscape
- 11.1 Overview
- 11.2 Market Initiative
- 11.3 Partnerships & Collaborations
12. Company Profiles
- 12.1 Nippon Paper Industries Co Ltd
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
- 12.2 Borregaard ASA
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
- 12.3 Burgo Group SpA
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
- 12.4 Domsjo Fabriker AB
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
- 12.5 Sappi Ltd
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
- 12.6 Stora Enso Oyj
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
- 12.7 Suzano SA
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
- 12.8 The Dallas Group of America Inc
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
- 12.9 Tokyo Chemical Industry Co Ltd
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
- 12.10 West Fraser Timber Co Ltd
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments
13. Appendix
- 13.1 About The Insight Partners
- 13.2 Glossary of Terms