Key Findings
The Europe lignin market is estimated to grow from $XX million in 2018 to $xx million by 2027 at a CAGR of 1.66% with respect to the value between 2019 and 2027. Also, the lignin market in Europe is estimated to grow from XX kilotons in 2018 to XX kilotons by 2027, at a CAGR of 2.82% by volume between 2019 and 2027. The base year considered for the study is 2018 and the estimated period is between 2019 and 2027. The major factors that are responsible for the market advancement in the region are the usage of lignin as dust collector & usage of lignin as an additive in concrete.

Market Insights
The United Kingdom, France, Germany, Italy, Spain, Russia and the remaining countries collectively forming the Rest of Europe regional segment are mainly considered for the market analysis.

Growing demand for light-weight automotive materials and bio-based materials is expected to have a positive impact on the lignin market. Also, aromatic lignin applications are expected to grow at a faster pace, extensive R&D for product innovation and development of new products is expected to benefit the market growth shortly.

For instance, the European Commission in collaboration with academic and industry partners co-founded the bioREFINE2G project, which aims at the development of a bio-refinery concept that produces dicarboxylic acid efficiently using industrial yeast.

Competitive Insights
The major companies are Domtar Corporation, Nippon Paper Industries Co. Ltd., Aditya Birla Group (Domsj? Fabriker AB), Suzano Papel E Celulose S.A., The Dallas Group of America, Inc., Ingevity Corporation, Borregaard Lignotech, Stora Enso OYJ, Lenzing A.G., and Sweetwater Energy Inc.