Italy Lignin Market Size & Outlook, 2022-2030
Italy lignin market, 2018-2030 (US$M)
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In recent years, there has been a growing interest in utilizing lignin as a sustainable and renewable alternative to fossil-fuel-based materials, particularly in manufacturing chemicals, materials, and fuels. Italy, as a country that values sustainability and eco-friendly practices, has seen a growing market for lignin due to several reasons. The government has been supporting the development of a bio economy, which includes the use of renewable resources, such as lignin, in the production of chemicals, materials, and fuels. The government has been providing funding to companies that are working to develop new lignin-based products and technologies. A chemicals company named Versalis is taking advantage of the growing market for lignin in Italy. Versalis has developed a lignin-based adhesive that can be used in the production of wood-based panels, such as particleboard and plywood. This adhesive is extracted from the wood chips produced by the pulp and paper industry. By using lignin as a substitute for fossil-fuel-based adhesives, Versalis is able to reduce the environmental ecological impact of wood-based panels.lignin market highlights
- The Italy lignin market generated a revenue of USD 33.6 million in 2022 and is expected to reach USD 39.1 million by 2030.
- The Italy market is expected to grow at a CAGR of 1.9% 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 33.6 million |
| Market revenue in 2030 | USD 39.1 million |
| Growth rate | 1.9% (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, Italy accounted for 3.4% 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 Europe, Germany lignin market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 53.1 million by 2030.
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Lignin Market Scope
Lignin Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Italy 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 80.65% in 2022. Horizon Databook has segmented the Italy lignin market based on ligno-sulphonates, kraft lignin, organosolv lignin covering the revenue growth of each sub-segment from 2018 to 2030.
In recent years, there has been a growing interest in utilizing lignin as a sustainable and renewable alternative to fossil-fuel-based materials, particularly in manufacturing chemicals, materials, and fuels. Italy, as a country that values sustainability and eco-friendly practices, has seen a growing market for lignin due to several reasons.
The government has been supporting the development of a bio economy, which includes the use of renewable resources, such as lignin, in the production of chemicals, materials, and fuels. The government has been providing funding to companies that are working to develop new lignin-based products and technologies.
A chemicals company named Versalis is taking advantage of the growing market for lignin in Italy. Versalis has developed a lignin-based adhesive that can be used in the production of wood-based panels, such as particleboard and plywood. This adhesive is extracted from the wood chips produced by the pulp and paper industry. By using lignin as a substitute for fossil-fuel-based adhesives, Versalis is able to reduce the environmental ecological impact of wood-based panels.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy lignin market , including forecasts for subscribers. This country databook contains high-level insights into Italy lignin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy lignin market size, by product, 2018-2030 (US$M)
Italy Lignin Market Outlook Share, 2022 & 2030 (US$M)
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