Latin America Lignin Market Size & Outlook, 2024-2030
Latin America lignin market, 2018-2030 (US$M)
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Latin America lignin market highlights
- The Latin America lignin market generated a revenue of USD 57.7 million in 2024.
- The market is expected to grow at a CAGR of 5.3% 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, Brazil is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 57.7 million |
| Market revenue in 2030 | USD 78.8 million |
| Growth rate | 5.3% (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, Latin America region accounted for 4.4% 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 |
|---|
Latin America 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 81.63% in 2024. Horizon Databook has segmented the Latin America lignin market based on ligno-sulphonates, kraft, organosolv, hydrolyzed, soda covering the revenue growth of each sub-segment from 2018 to 2030.
The construction industry in Latin America, particularly in Brazil and Argentina, is expected to witness growth on account of a positive outlook on the housing sector. In 2020, Yacuses cement plant in Bolivia announced the establishment of a cement manufacturing facility in Latin America. At the Yacuses cement plant, lignin is used as a substitute for coal and other fossil fuels in the cement production process.
It is sourced from local pulp and paper mills, which produce large volumes of lignin as a byproduct. The use of lignin as a fuel source is part of the plant's commitment to sustainable practices and reducing its environmental impact. The establishment of new cement and concrete production plants is expected to drive the lignin market during the forecast period. The government has passed numerous initiatives over the past few years to boost the production of biofuels which is expected to augment lignin market growth over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America lignin market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America lignin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America lignin market size, by country, 2018-2030 (US$M)
Latin America Lignin Market Outlook Share, 2024 & 2030 (US$M)
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