Asia Pacific Lignin Market Size & Outlook, 2024-2030
Asia Pacific lignin market, 2018-2030 (US$M)
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Asia Pacific lignin market highlights
- The Asia Pacific lignin market generated a revenue of USD 275.5 million in 2024.
- The market is expected to grow at a CAGR of 5% from 2025 to 2030.
- In terms of segment, ligno-sulphonates was the largest revenue generating product in 2024.
- Kraft is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Indonesia is expected to register the highest CAGR from 2025 to 2030.
Asia Pacific data book summary
| Market revenue in 2024 | USD 275.5 million |
| Market revenue in 2030 | USD 369.6 million |
| Growth rate | 5% (CAGR from 2025 to 2030) |
| Largest segment | Ligno-sulphonates |
| Fastest growing segment | Kraft |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ligno-sulphonates, Kraft, Organosolv, Hydrolyzed, Soda |
| Key market players worldwide | Stora Enso Oyj ADR, West Fraser Timber Co.Ltd, UPM-Kymmene Oyj, Borregaard ASA, Rayonier Advanced Materials Inc, Aditya Birla Group, Nippon Paper Industries Co Ltd, Valmet Corp, Metsä Group, Sweetwater Energy, Domtar, The Dallas Group of America, Burgo Group |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 20.9% of the global lignin market in 2024.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 78.8 million by 2030.
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Lignin Market Scope
Lignin Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific lignin market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to lignin market will help companies and investors design strategic landscapes.
Ligno-sulphonates was the largest segment with a revenue share of 81.34% in 2024. Horizon Databook has segmented the Asia Pacific lignin market based on ligno-sulphonates, kraft, organosolv, hydrolyzed, soda covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is anticipated to be the fastest-growing market for lignin over the forecast period. An increasing trend of development of products from bio-based sources is expected to drive lignin demand over the forecast period. In addition, the presence of a robust pulp and paper industry in the region is anticipated to augment lignin production. The rising adoption of state-of-the-art equipment by manufacturers to enhance lignin yield is expected to propel lignin production over the next seven years.
In addition, utilization of the latest technologies is expected to increase lignin yield which, in turn, is likely to reduce prices in the near future. Moreover, the presence of a large forest cover is expected to ensure raw material supply for lignin production. Organosolv lignin is a high-grade lignin that is expected to experience the fastest growth over the forecast period, owing to its increasing use in activated carbon, carbon fibers, phenolic resins, phenol derivatives, and vanillin manufacturing.
In addition, activated carbon and carbon fibers have huge potential for growth owing to their increasing applications in the automotive industry. Asia Pacific has one of the fastest growing manufacturing bases on account of the presence of developing countries such as India and China with rapid industrialization and rising incomes. The construction and automotive industries is expected to witness high growth which, in turn, is expected to positively impact the lignin demand over the forecast period.
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Target buyers of Asia Pacific lignin market databook
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Our clientele includes a mix of lignin market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific lignin market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific lignin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific lignin market size, by country, 2018-2030 (US$M)
Asia Pacific Lignin Market Outlook Share, 2024 & 2030 (US$M)
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