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

Description

List of Tables

The lignin-based resins market size is expected to reach USD 924.78 million by 2034, according to a new study by Polaris Market Research. The report "Lignin-Based Resins Market Size, Share, & Industry Analysis Report: By Raw Material, By Product Type, By Application (Adhesives & Binders, Coatings, Composites, and Other Applications), and By Region - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.

Lignin-based resins are sustainable polymers derived from lignin, a natural byproduct of plant biomass, used as eco-friendly alternatives to petroleum-based resins in adhesives, coatings, and composites.

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. Moreover, lignin-based resins help companies reduce exposure to fossil fuel price swings, enhancing long-term cost stability in production processes. This economic benefit, coupled with environmental advantages, supports the growing shift toward lignin-derived resin technologies.

Recent innovations in biorefinery processes have significantly improved the efficiency and scalability of extracting and modifying lignin for industrial use. Technologies such as enzymatic hydrolysis, solvent extraction, and catalytic depolymerization have made it feasible to convert lignin into high-performance resins with desirable mechanical and thermal properties. These advancements enhance lignin's compatibility with existing resin systems and expand its application potential. The commercial viability of lignin-based resins strengthens, attracting investment and encouraging adoption across multiple industries, from automotive to adhesives and coatings, as production processes become more refined and cost-effective.

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.

The North America lignin-based resins market is experiencing significant growth as the region has a well-established paper & pulp industry, which ensures a stable lignin supply.

A few global key market players are Borregaard, Domtar Corporation, Ingevity, Lignin Industries AB, Lignolix, MetGen, Stora Enso, UPM Biochemicals, and West Fraser.

Polaris Market Research has segmented the lignin-based resins market report on the basis of raw material, product type, application, and region:

By Raw Material (Revenue - USD Million, 2020-2034)

Kraft Lignin

Lignosulfonates

Organosolv Lignin

Other Materials

By Product Type (Revenue - USD Million, 2020-2034)

Phenolic Resins

Epoxy Resins

Polyurethane Resins

Other Products

By Application (Revenue - USD Million, 2020-2034)

Adhesives & Binders

Coatings

Composites

Other Applications

By Regional Outlook (Revenue - USD Million, 2020-2034)

North America

Canada

Mexico

Europe

Germany

France

Italy

Spain

Netherlands

Russia

Rest of Europe

Asia Pacific

China

Japan

India

Malaysia

South Korea

Indonesia

Australia

Vietnam

Rest of Asia Pacific

Middle East & Africa

Saudi Arabia

UAE

Israel

South Africa

Rest of Middle East & Africa

Latin America

Brazil

Argentina

Rest of Latin America

Product Code: PM5713

1. Introduction

1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary

2.1. Market Highlights

3. Research Methodology

3.1. Overview
- 3.1.1. Data Mining
3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources

4. Global Lignin-based Resins Market Insights

4.1. Lignin-based Resins Market - Market Snapshot
4.2. Lignin-based Resins Market Dynamics
- 4.2.1. Drivers and Opportunities
  - 4.2.1.1. Growing Demand from End Use Industries
  - 4.2.1.2. Corporate Sustainability Goals
- 4.2.2. Restraints and Challenges
  - 4.2.2.1. High Initial Investment
4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Lignin-based Resins Market Trends
4.6. Value Chain Analysis

5. Global Lignin-based Resins Market, by Raw Material

5.1. Key Findings
5.2. Introduction
- 5.2.1. Global Lignin-based Resins Market, by Raw Material, 2020-2034 (USD million)
5.3. Kraft Lignin
- 5.3.1. Global Lignin-based Resins Market, by Kraft Lignin, by Region, 2020-2034 (USD million)
5.4. Lignosulfonates
- 5.4.1. Global Lignin-based Resins Market, by Lignosulfonates, by Region, 2020-2034 (USD million)
5.5. Organosolv Lignin
- 5.5.1. Global Lignin-based Resins Market, by Organosolv Lignin, by Region, 2020-2034 (USD million)
5.6. Other Materials
- 5.6.1. Global Lignin-based Resins Market, by Other Materials, by Region, 2020-2034 (USD million)

6. Global Lignin-based Resins Market, by Product Type

6.1. Key Findings
6.2. Introduction
- 6.2.1. Global Lignin-based Resins Market, by Product Type, 2020-2034 (USD million)
6.3. Phenolic Resins
- 6.3.1. Global Lignin-based Resins Market, by Phenolic Resins, by Region, 2020-2034 (USD million)
6.4. Epoxy Resins
- 6.4.1. Global Lignin-based Resins Market, by Epoxy Resins, by Region, 2020-2034 (USD million)
6.5. Polyurethane Resins
- 6.5.1. Global Lignin-based Resins Market, by Polyurethane Resins, by Region, 2020-2034 (USD million)
6.6. Other Products
- 6.6.1. Global Lignin-based Resins Market, by Other Products, by Region, 2020-2034 (USD million)

7. Global Lignin-based Resins Market, by Application

7.1. Key Findings
7.2. Introduction
- 7.2.1. Global Lignin-based Resins Market, by Application, 2020-2034 (USD million)
7.3. Adhesives & Binders
- 7.3.1. Global Lignin-based Resins Market, by Adhesives & Binders, by Region, 2020-2034 (USD million)
7.4. Coatings
- 7.4.1. Global Lignin-based Resins Market, by Coatings, by Region, 2020-2034 (USD million)
7.5. Composites
- 7.5.1. Global Lignin-based Resins Market, by Composites, by Region, 2020-2034 (USD million)
7.6. Other Applications
- 7.6.1. Global Lignin-based Resins Market, by Other Applications, by Region, 2020-2034 (USD million)

8. Global Lignin-based Resins Market, by Geography

8.1. Key Findings
8.2. Introduction
- 8.2.1. Lignin-based Resins Market Assessment, By Geography, 2020-2034 (USD million)
8.3. Lignin-based Resins Market - North America
- 8.3.1. North America: Lignin-based Resins Market, by Raw Material, 2020-2034 (USD million)
- 8.3.2. North America: Lignin-based Resins Market, by Product Type, 2020-2034 (USD million)
- 8.3.3. North America: Lignin-based Resins Market, by Application, 2020-2034 (USD million)
- 8.3.4. Lignin-based Resins Market - U.S.
  - 8.3.4.1. U.S.: Lignin-based Resins Market, by Raw Material, 2020-2034 (USD million)
  - 8.3.4.2. U.S.: Lignin-based Resins Market, by Product Type, 2020-2034 (USD million)
  - 8.3.4.3. U.S.: Lignin-based Resins Market, by Application, 2020-2034 (USD million)
- 8.3.5. Lignin-based Resins Market - Canada
  - 8.3.5.1. Canada: Lignin-based Resins Market, by Raw Material, 2020-2034 (USD million)
  - 8.3.5.2. Canada: Lignin-based Resins Market, by Product Type, 2020-2034 (USD million)
  - 8.3.5.3. Canada: Lignin-based Resins Market, by Application, 2020-2034 (USD million)
8.4. Lignin-based Resins Market - Europe
- 8.4.1. Europe: Lignin-based Resins Market, by Raw Material, 2020-2034 (USD million)
- 8.4.2. Europe: Lignin-based Resins Market, by Product Type, 2020-2034 (USD million)
- 8.4.3. Europe: Lignin-based Resins Market, by Application, 2020-2034 (USD million)
- 8.4.4. Lignin-based Resins Market - UK
  - 8.4.4.1. UK: Lignin-based Resins Market, by Raw Material, 2020-2034 (USD million)
  - 8.4.4.2. UK: Lignin-based Resins Market, by Product Type, 2020-2034 (USD million)
  - 8.4.4.3. UK: Lignin-based Resins Market, by Application, 2020-2034 (USD million)
- 8.4.5. Lignin-based Resins Market - France
  - 8.4.5.1. France: Lignin-based Resins Market, by Raw Material, 2020-2034 (USD million)
  - 8.4.5.2. France: Lignin-based Resins Market, by Product Type, 2020-2034 (USD million)
  - 8.4.5.3. France: Lignin-based Resins Market, by Application, 2020-2034 (USD million)
- 8.4.6. Lignin-based Resins Market - Germany
  - 8.4.6.1. Germany: Lignin-based Resins Market, by Raw Material, 2020-2034 (USD million)
  - 8.4.6.2. Germany: Lignin-based Resins Market, by Product Type, 2020-2034 (USD million)
  - 8.4.6.3. Germany: Lignin-based Resins Market, by Application, 2020-2034 (USD million)
- 8.4.7. Lignin-based Resins Market - Italy
  - 8.4.7.1. Italy: Lignin-based Resins Market, by Raw Material, 2020-2034 (USD million)
  - 8.4.7.2. Italy: Lignin-based Resins Market, by Product Type, 2020-2034 (USD million)
  - 8.4.7.3. Italy: Lignin-based Resins Market, by Application, 2020-2034 (USD million)
- 8.4.8. Lignin-based Resins Market - Spain
  - 8.4.8.1. Spain: Lignin-based Resins Market, by Raw Material, 2020-2034 (USD million)
  - 8.4.8.2. Spain: Lignin-based Resins Market, by Product Type, 2020-2034 (USD million)
  - 8.4.8.3. Spain: Lignin-based Resins Market, by Application, 2020-2034 (USD million)
- 8.4.9. Lignin-based Resins Market - Netherlands
  - 8.4.9.1. Netherlands: Lignin-based Resins Market, by Raw Material, 2020-2034 (USD million)
  - 8.4.9.2. Netherlands: Lignin-based Resins Market, by Product Type, 2020-2034 (USD million)
  - 8.4.9.3. Netherlands: Lignin-based Resins Market, by Application, 2020-2034 (USD million)
- 8.4.10. Lignin-based Resins Market - Russia
  - 8.4.10.1. Russia: Lignin-based Resins Market, by Raw Material, 2020-2034 (USD million)
  - 8.4.10.2. Russia: Lignin-based Resins Market, by Product Type, 2020-2034 (USD million)
  - 8.4.10.3. Russia: Lignin-based Resins Market, by Application, 2020-2034 (USD million)
- 8.4.11. Lignin-based Resins Market - Rest of Europe
  - 8.4.11.1. Rest of Europe: Lignin-based Resins Market, by Raw Material, 2020-2034 (USD million)
  - 8.4.11.2. Rest of Europe: Lignin-based Resins Market, by Product Type, 2020-2034 (USD million)
  - 8.4.11.3. Rest of Europe: Lignin-based Resins Market, by Application, 2020-2034 (USD million)
8.5. Lignin-based Resins Market - Asia Pacific
- 8.5.1. Asia Pacific: Lignin-based Resins Market, by Raw Material, 2020-2034 (USD million)
- 8.5.2. Asia Pacific: Lignin-based Resins Market, by Product Type, 2020-2034 (USD million)
- 8.5.3. Asia Pacific: Lignin-based Resins Market, by Application, 2020-2034 (USD million)
- 8.5.4. Lignin-based Resins Market - China
  - 8.5.4.1. China: Lignin-based Resins Market, by Raw Material, 2020-2034 (USD million)
  - 8.5.4.2. China: Lignin-based Resins Market, by Product Type, 2020-2034 (USD million)
  - 8.5.4.3. China: Lignin-based Resins Market, by Application, 2020-2034 (USD million)
- 8.5.5. Lignin-based Resins Market - India
  - 8.5.5.1. India: Lignin-based Resins Market, by Raw Material, 2020-2034 (USD million)
  - 8.5.5.2. India: Lignin-based Resins Market, by Product Type, 2020-2034 (USD million)
  - 8.5.5.3. India: Lignin-based Resins Market, by Application, 2020-2034 (USD million)
- 8.5.6. Lignin-based Resins Market - Malaysia
  - 8.5.6.1. Malaysia: Lignin-based Resins Market, by Raw Material, 2020-2034 (USD million)
  - 8.5.6.2. Malaysia: Lignin-based Resins Market, by Product Type, 2020-2034 (USD million)
  - 8.5.6.3. Malaysia: Lignin-based Resins Market, by Application, 2020-2034 (USD million)
- 8.5.7. Lignin-based Resins Market - Japan
  - 8.5.7.1. Japan: Lignin-based Resins Market, by Raw Material, 2020-2034 (USD million)
  - 8.5.7.2. Japan: Lignin-based Resins Market, by Product Type, 2020-2034 (USD million)
  - 8.5.7.3. Japan: Lignin-based Resins Market, by Application, 2020-2034 (USD million)
- 8.5.8. Lignin-based Resins Market - Indonesia
  - 8.5.8.1. Indonesia: Lignin-based Resins Market, by Raw Material, 2020-2034 (USD million)
  - 8.5.8.2. Indonesia: Lignin-based Resins Market, by Product Type, 2020-2034 (USD million)
  - 8.5.8.3. Indonesia: Lignin-based Resins Market, by Application, 2020-2034 (USD million)
- 8.5.9. Lignin-based Resins Market - South Korea
  - 8.5.9.1. South Korea: Lignin-based Resins Market, by Raw Material, 2020-2034 (USD million)
  - 8.5.9.2. South Korea: Lignin-based Resins Market, by Product Type, 2020-2034 (USD million)
  - 8.5.9.3. South Korea: Lignin-based Resins Market, by Application, 2020-2034 (USD million)
- 8.5.10. Lignin-based Resins Market - Australia
  - 8.5.10.1. Australia: Lignin-based Resins Market, by Raw Material, 2020-2034 (USD million)
  - 8.5.10.2. Australia: Lignin-based Resins Market, by Product Type, 2020-2034 (USD million)
  - 8.5.10.3. Australia: Lignin-based Resins Market, by Application, 2020-2034 (USD million)
- 8.5.11. Lignin-based Resins Market - Rest of Asia Pacific
  - 8.5.11.1. Rest of Asia Pacific: Lignin-based Resins Market, by Raw Material, 2020-2034 (USD million)
  - 8.5.11.2. Rest of Asia Pacific: Lignin-based Resins Market, by Product Type, 2020-2034 (USD million)
  - 8.5.11.3. Rest of Asia Pacific: Lignin-based Resins Market, by Application, 2020-2034 (USD million)
8.6. Lignin-based Resins Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Lignin-based Resins Market, by Raw Material, 2020-2034 (USD million)
- 8.6.2. Middle East & Africa: Lignin-based Resins Market, by Product Type, 2020-2034 (USD million)
- 8.6.3. Middle East & Africa: Lignin-based Resins Market, by Application, 2020-2034 (USD million)
- 8.6.4. Lignin-based Resins Market - Saudi Arabia
  - 8.6.4.1. Saudi Arabia: Lignin-based Resins Market, by Raw Material, 2020-2034 (USD million)
  - 8.6.4.2. Saudi Arabia: Lignin-based Resins Market, by Product Type, 2020-2034 (USD million)
  - 8.6.4.3. Saudi Arabia: Lignin-based Resins Market, by Application, 2020-2034 (USD million)
- 8.6.5. Lignin-based Resins Market - UAE
  - 8.6.5.1. UAE: Lignin-based Resins Market, by Raw Material, 2020-2034 (USD million)
  - 8.6.5.2. UAE: Lignin-based Resins Market, by Product Type, 2020-2034 (USD million)
  - 8.6.5.3. UAE: Lignin-based Resins Market, by Application, 2020-2034 (USD million)
- 8.6.6. Lignin-based Resins Market - Israel
  - 8.6.6.1. Israel: Lignin-based Resins Market, by Raw Material, 2020-2034 (USD million)
  - 8.6.6.2. Israel: Lignin-based Resins Market, by Product Type, 2020-2034 (USD million)
  - 8.6.6.3. Israel: Lignin-based Resins Market, by Application, 2020-2034 (USD million)
- 8.6.7. Lignin-based Resins Market - South Africa
  - 8.6.7.1. South Africa: Lignin-based Resins Market, by Raw Material, 2020-2034 (USD million)
  - 8.6.7.2. South Africa: Lignin-based Resins Market, by Product Type, 2020-2034 (USD million)
  - 8.6.7.3. South Africa: Lignin-based Resins Market, by Application, 2020-2034 (USD million)
- 8.6.8. Lignin-based Resins Market - Rest of Middle East & Africa
  - 8.6.8.1. Rest of Middle East & Africa: Lignin-based Resins Market, by Raw Material, 2020-2034 (USD million)
  - 8.6.8.2. Rest of Middle East & Africa: Lignin-based Resins Market, by Product Type, 2020-2034 (USD million)
  - 8.6.8.3. Rest of Middle East & Africa: Lignin-based Resins Market, by Application, 2020-2034 (USD million)
8.7. Lignin-based Resins Market - Latin America
- 8.7.1. Latin America: Lignin-based Resins Market, by Raw Material, 2020-2034 (USD million)
- 8.7.2. Latin America: Lignin-based Resins Market, by Product Type, 2020-2034 (USD million)
- 8.7.3. Latin America: Lignin-based Resins Market, by Application, 2020-2034 (USD million)
- 8.7.4. Lignin-based Resins Market - Mexico
  - 8.7.4.1. Mexico: Lignin-based Resins Market, by Raw Material, 2020-2034 (USD million)
  - 8.7.4.2. Mexico: Lignin-based Resins Market, by Product Type, 2020-2034 (USD million)
  - 8.7.4.3. Mexico: Lignin-based Resins Market, by Application, 2020-2034 (USD million)
- 8.7.5. Lignin-based Resins Market - Brazil
  - 8.7.5.1. Brazil: Lignin-based Resins Market, by Raw Material, 2020-2034 (USD million)
  - 8.7.5.2. Brazil: Lignin-based Resins Market, by Product Type, 2020-2034 (USD million)
  - 8.7.5.3. Brazil: Lignin-based Resins Market, by Application, 2020-2034 (USD million)
- 8.7.6. Lignin-based Resins Market - Argentina
  - 8.7.6.1. Argentina: Lignin-based Resins Market, by Raw Material, 2020-2034 (USD million)
  - 8.7.6.2. Argentina: Lignin-based Resins Market, by Product Type, 2020-2034 (USD million)
  - 8.7.6.3. Argentina: Lignin-based Resins Market, by Application, 2020-2034 (USD million)
- 8.7.7. Lignin-based Resins Market - Rest of Latin America
  - 8.7.7.1. Rest of Latin America: Lignin-based Resins Market, by Raw Material, 2020-2034 (USD million)
  - 8.7.7.2. Rest of Latin America: Lignin-based Resins Market, by Product Type, 2020-2034 (USD million)
  - 8.7.7.3. Rest of Latin America: Lignin-based Resins Market, by Application, 2020-2034 (USD million)

9. Competitive Landscape

9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions

10. Company Profiles

10.1. Borregaard
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
10.2. Domtar Corporation
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
10.3. Ingevity
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
10.4. Lignin Industries AB
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
10.5. Lignolix
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
10.6. MetGen
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
10.7. Stora Enso
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
10.8. UPM Biochemicals
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
10.9. West Fraser
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development