Middle East & Africa Lignin Market Size & Outlook
Middle East & Africa lignin market, 2018-2030 (US$M)
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MEA lignin market highlights
- The MEA lignin market generated a revenue of USD 27.9 million in 2022.
- The market is expected to grow at a CAGR of 2.8% 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.
- Country-wise, Kuwait is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 27.9 million |
| Market revenue in 2030 | USD 34.7 million |
| Growth rate | 2.8% (CAGR from 2022 to 2030) |
| Largest segment | Ligno-sulphonates |
| Fastest growing segment | Organosolv lignin |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, MEA region accounted for 2.8% of the global lignin market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 257.0 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , Saudi Arabia
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Lignin Market Scope
Lignin Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 86.02% in 2022. Horizon Databook has segmented the Middle East & Africa lignin market based on ligno-sulphonates, kraft lignin, organosolv lignin covering the revenue growth of each sub-segment from 2018 to 2030.
Governments in the Middle East are focusing on reducing their reliance on the domestic upstream energy sector. They have laid down various policies to support the development of the chemical, automotive, and construction industries. Cement industry in the Middle East is expected to increase cement production within the region and thus is likely to fuel lignin demand as an additive over the forecast period.
However, expansion of refining capacity in the Middle East, particularly in Saudi Arabia and Oman, is expected to increase the inventories of petrochemical feedstock for aromatics production. As a result, the refining expansion is expected to have a negative impact on the lignin market in the near future. MEA lignin market is dominated by lignosulfonates both in terms of volume and revenue and is expected to grow at a steady pace.
However, high-grade lignin is expected to witness growth owing to its demand for manufacturing improved concrete admixtures, binders & adhesives, carbon fibers, activated carbon, and other products. Growing focus on the expansion of refining capacity in MEA is expected to fuel the demand for petrochemicals, which might hamper the lignin market on account of a lack of promotion for biorefineries and the bio-polymer industry.
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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 continent-level data and insights on the Middle East & Africa lignin market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa lignin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA lignin market size, by country, 2018-2030 (US$M)
Middle East & Africa Lignin Market Outlook Share, 2022 & 2030 (US$M)
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