Lignin Market Size, Share, Trend, Forecast, Competitive Analysis
The Lignin Market is expected to grow from US$ 676 million in 2020 to US$ 810 million by 2026 at a CAGR of 3.1% during the forecast period of 2021-2026. Lignin is one of the most abundantly available biopolymers on earth and has been attributed as the most sustainable bio-resource. Lignin was traditionally used as a fuel for burning. However, over the past few years, manufacturers have been exploring new revenue streams for lignin across different industrial applications like construction, agriculture, and animal feed.