Lignin Market Estimated At USD 1.47 Billion By 2030
San Francisco, 22 Jan 2024: The Report Lignin Market Size, Share & Trend Analysis Report By Product (Lingosulfonates, Kraft Lignin, Organosolv Lignin, Others), By Application, By Region, And Segment Forecasts, 2024 - 2030 The global lignin market size is expected to reach USD 1.47 billion by 2030, registering a CAGR of 4.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. The product is widely utilized in the production of macromolecules used in the development of bitumen, biofuels, and bio-refinery catalysts. This factor is likely to support market growth. Growing demand for concrete admixtures and adhesives and binders coupled with increasing investments in infrastructure development is expected to fuel market growth. Lignin is a complex polymer of aromatic alcohols which is derived from wood and is an integral part of the secondary cell walls of trees in the form of timber and lumber. Global timber harvest...