Lignin-Based Resins Market Lignin-Based Resins Market Size Worth USD 924.78 Million by 2034 | CAGR: 5.3% “Lignin-Based Resins Market Size, Share, & Trends Analysis Report: By Raw Material, By Product Type, By Application (Adhesives & Binders, Coatings, Composites, and Other Applications), and By Region – Market Forecast, 2025–2034”
Lignin-Based Resins Market The lignin-based resins market size is expected to reach USD 924.78 million by 2034. The volatility of crude oil prices significantly impacts the cost and availability of petroleum-based resins, prompting manufacturers to explore more stable and cost-effective alternatives. Lignin, as an abundant byproduct from the paper & pulp industry, provides a more predictable and potentially cheaper feedstock. When oil prices increase, the economic feasibility of bio-based resins improves, driving market interest. Press Release: https://www.polarismarketresearch.com/pressreleases/lignin-based-resins-market
Lignin-Based Resins Market Key Market Players : • • • • • • • • •
Borregaard Domtar Corporation Ingevity Lignin Industries AB Lignolix MetGen Stora Enso UPM Biochemicals West Fraser
Lignin-Based Resins Market Report Attributes
Details
Market Size Value in 2024
USD 550.18 Million
Market Size Value in 2025
USD 587.87 Million
Revenue Forecast by 2034
USD 924.78 Million
CAGR
5.3% from 2025 to 2034
Base Year
2024
Historical Data
2020–2023
Forecast Period
2025–2034
Quantitative Units
Revenue in USD Million and CAGR from 2025 to 2034
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Industry Trends
Lignin-Based Resins Market Lignin-based Resins Market Report Highlights: • In 2024, the lignosulfonates segment, by raw material, dominated with the largest share as they are the most widely used raw material due to their water solubility, easy availability, and cost-effectiveness. • By product type, the epoxy resin segment is expected to record the fastest growth during the forecast period due to its strength, thermal stability, and excellent adhesive properties. • In 2024, the Asia Pacific lignin-based resins market dominated with the largest share due to its fast-growing industrial base, especially in countries such as China, Japan, and South Korea.
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