According to a report by EON Market Research, Pune, India, global lignin demand was slightly more than 800,000 metric tons in 2016, and is expected to grow at a CAGR of 2.5%-plus between 2017 and 2024. In terms of revenue, the global Lignin market was valued at $1.15 billion in 2016 and is expected to generate revenue more than $1.50 billion by the end of 2024, growing at a CAGR of approximately 2.75% between 2017 and 2024.

 

The global lignin market was dominated by the lignosulfonates product segment ,with the largest share of the total market in 2016. With around one-third of the share, the concrete additives segment accounted for most of the global lignin market in 2016.

 

Animal feed is expected by this industrial analysis to be one of the fastest growing applications for the lignin market. North America was the leading regional segment in 2016, followed by Europe.

 

More information about the global lignin market is available in the full multi-page report available for purchase.