India Lignin Market Size & Outlook, 2024-2030
India lignin market, 2018-2030 (US$M)
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India lignin market highlights
- The India lignin market generated a revenue of USD 33.8 million in 2024 and is expected to reach USD 45.2 million by 2030.
- The India market is expected to grow at a CAGR of 4.9% 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.
Lignin market data book summary
| Market revenue in 2024 | USD 33.8 million |
| Market revenue in 2030 | USD 45.2 million |
| Growth rate | 4.9% (CAGR from 2025 to 2030) |
| Largest segment | Ligno-sulphonates |
| Fastest growing segment | Kraft |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 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, India accounted for 2.6% of the global lignin market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China lignin market is projected to lead the regional market in terms of revenue in 2030.
- Indonesia is the fastest growing regional market in Asia Pacific and is projected to reach USD 2.8 million by 2030.
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Lignin Market Scope
Lignin Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 81.36% in 2024. Horizon Databook has segmented the India lignin market based on ligno-sulphonates, kraft, organosolv, hydrolyzed, soda covering the revenue growth of each sub-segment from 2018 to 2030.
India is expected to be the fastest-growing economy in the coming years. Growing demand for electronics and automobiles is expected to augment demand for carbon fibers, BTX, styrene, and adhesives. This, in turn, is expected to have a positive impact on the domestic lignin market. The demand for lignin in India is expected to witness a high growth on account of its increasing end-use applications.
Organosolv lignin is expected to witness the highest growth rate of 8.7% on account of the presence of the pulp & paper industry in India. Growing demand for dust controllers in construction activities and extensive R&D to develop green building materials is also expected to drive the market for lignin in India. In addition, government efforts to promote bio-refineries with the National Policy on BioFuel, 2009, are expected to have a positive impact on lignin demand over the forecast period.
The automobile industry in India is one of the fastest-growing markets and contributes a substantial amount to the GDP on account of the growing middle-income groups and the rapidly growing economy. The growing use of lightweight and strong automotive materials is expected to drive the demand for carbon fibers and activated carbon, which, in turn, is expected to positively impact lignin demand in India. However, the lack of consumer awareness about lignin and its applications along with a lack of technical expertise might restraint the market growth.
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Our clientele includes a mix of lignin market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the India lignin market , including forecasts for subscribers. This country databook contains high-level insights into India lignin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India lignin market size, by product, 2018-2030 (US$M)
India Lignin Market Outlook Share, 2024 & 2030 (US$M)
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