At 4.1% CAGR, the Middle East & Africa Lignin Market is projected to be worth US$ 30,194.41 thousand by 2028, says Business Market Insights

According to Business Market Insights’ research, the Middle East & Africa lignin market was valued at US$ 23,684.38 thousand in 2022 and is expected to reach US$ 30,194.41 thousand by 2028, registering a CAGR of 4.1% from 2022 to 2028. Growing demand of lignin from several end-use industries and government regulations and initiatives to promote sustainable and bio-products are the critical factors attributed to the Middle East & Africa lignin market expansion.             

Lignin manufacturers are investing significantly in strategic development initiatives such as product innovation, mergers & acquisitions, and expansion of their businesses to attract a wide customer base and enhance their market position. Moreover, the demand for lignin is increasing among end-use industries due to rising environmental concerns and sustainability issues. For instance, in December 2021, Nippon Paper (Japan) and Stora Enso Oyj (Finland) signed a partnership agreement to use trees to revolutionize the battery industry. Their research focused on the replacement of lithium-ion and rare-metal batteries with lignin. Such product innovations help companies to gain a competitive advantage in international markets. Major manufacturers are adopting creative strategies such as acquisition, expansion, and production capacity scaleup to serve their customers better and satisfy their growing demands. Therefore, strategic initiatives by manufacturers are expected to fuel the growth of the lignin market during the forecast period.

On the contrary, availability of substitutes for lignin hurdles the growth of Middle East & Africa lignin market. 

Based on type, the Middle East & Africa lignin market is categorized into lignosulfonates, kraft lignin, high purity lignin, and others. The lignosulfonates segment held 85.8% market share in 2022, amassing US$ 20,320.94 thousand. It is projected to garner US$ 25,861.21 thousand by 2028 to expand at 4.1% CAGR during 2022–2028.

Based on form, the Middle East & Africa lignin market is bifurcated into solid and liquid. The solid segment held 94.5% market share in 2022, amassing US$ 22,373.50 thousand. It is projected to garner US$ 28,577.80 thousand by 2028 to expand at 4.2% CAGR during 2022–2028.

Based on application, the Middle East & Africa lignin market is categorized into concrete additives, plastics and polymers, bitumen, water treatment, dyes and pigments, activated carbon, carbon fiber, and others. The dyes and pigments segment held 21.0% share of Middle East & Africa lignin market in 2022, amassing US$ 4,964.40 thousand. It is projected to garner US$ 6,719.51 thousand by 2028 to expand at 5.2% CAGR during 2022–2028.

Based on country, the Middle East & Africa lignin market has been categorized into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa.  Our regional analysis states that Saudi Arabia captured 39.6% share of Middle East & Africa lignin market in 2022. It was assessed at US$ 9,388.80 thousand in 2022 and is likely to hit US$ 12,228.74 thousand by 2028, exhibiting a CAGR of 4.5% during the forecast period.            

Key players dominating the Middle East & Africa lignin market are Nippon Paper Industries Co Ltd; Borregaard ASA; Burgo Group SpA; Domsjo Fabriker AB; Sappi Ltd; Stora Enso Oyj; Suzano SA; and The Dallas Group of America Inc among others.

• In Feb 2023, Stora Enso Oyj and Valmet collaborated to develop next-generation lignin.
• In May 2021, Suzano SA invested US$ 2.8 billion in the first fossil-free pulp plant in Brazil.

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