Global Lignin Market Is Expected to Hit US$ 985.5 Mn in 2023: Transparency Market Research
Lignin is known to be the second most abundant biological material present on Earth after cellulose. The term 'lignin' is derived from the Latin term 'lignum,' which means wood. Wood primarily comprises various chemical components such as carbohydrates and extractives. Thus, lignin is a plant-derived polymer. Lignin is used as a binder, dispersant, and additive. These functional properties make it useful in a wide range of niche applications. This is the major factor driving the global lignin market. Furthermore, increasing...
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