Indonesia Lignin Market Size & Outlook, 2022-2030
Indonesia lignin market, 2018-2030 (US$M)
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Indonesia lignin market highlights
- The Indonesia lignin market generated a revenue of USD 1.0 million in 2022 and is expected to reach USD 1.3 million by 2030.
- The Indonesia market is expected to grow at a CAGR of 3.4% from 2023 to 2030.
- In terms of segment, ligno-sulphonates was the largest revenue generating product in 2022.
- Organosolv lignin is the most lucrative product segment registering the fastest growth during the forecast period.
Lignin market data book summary
| Market revenue in 2022 | USD 1.0 million |
| Market revenue in 2030 | USD 1.3 million |
| Growth rate | 3.4% (CAGR from 2022 to 2030) |
| Largest segment | Ligno-sulphonates |
| Fastest growing segment | Organosolv lignin |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ligno-sulphonates, Kraft lignin, Organosolv lignin |
| 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, Indonesia accounted for 0.1% of the global lignin market in 2022.
- 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.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 32.5 million by 2030.
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Lignin Market Scope
Lignin Market Companies
| Name | Profile | # Employees | HQ | Website |
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Indonesia 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 90% in 2022. Horizon Databook has segmented the Indonesia lignin market based on ligno-sulphonates, kraft lignin, organosolv lignin 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.
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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 Indonesia lignin market , including forecasts for subscribers. This country databook contains high-level insights into Indonesia lignin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Indonesia lignin market size, by product, 2018-2030 (US$M)
Indonesia Lignin Market Outlook Share, 2022 & 2030 (US$M)
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