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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

Publisher Polaris Market Research & Consulting LLP
Published May 01, 2025
Length 129 Pages
SKU # PLRS20199085

Description

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

US

Canada

Mexico

Europe

Germany

France

UK

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

Table of Contents

129 Pages
Chapter 1. Introduction
1.1 Report Description
1.1.1 Objective of the Study
1.1.2 Market Scope
1.1.3 Assumptions
1.2 Stakeholders
Chapter 2. Research Methodology
2.1 Research Methodology
2.2 Research Scope and Assumptions
2.3 Information Procurement
2.3.1 Purchased Database
2.3.2 Internal Database
2.3.3 Secondary Sources
2.3.4 Third Party Perspective
2.3.5 Primary Research
2.4 Information Analysis
2.4.1 Data Analysis Models
2.5 Market Formulation and Data Visualization
2.6 Data Validation and Publishing (Secondary Sources)
Chapter 3. Executive Summary
Chapter 4. Market Insights
4.1 LBS and Air Load Break Switch – Industry snapshot
4.2 LBS and Air Load Break Switch Market - Value Chain Analysis
4.3 LBS and Air Load Break Switch Market Dynamics
4.3.1 Drivers and Opportunities
4.3.1.1 Expansion and Modernization of Power Grid
4.3.1.2 Growing Integration of Renewable Energy Sources into Power Grids
4.3.2 Restraints and Challenges
4.3.2.1 Stringent Regulatory Standards and Performance Issues in Harsh Environments
4.4 LBS and Air Load Break Switch Market – Porter’s Five Forces
4.4.1 Threat of Substitutes: (Moderate)
4.4.2 Threat of New Entrants: (Moderate to High)
4.4.3 Bargaining Power of Buyers: (High)
4.4.4 Bargaining Power of Suppliers: (Moderate)
4.4.5 Competitive Rivalry: (High)
4.5 LBS and Air Load Break Switch Market – PESTLE Analysis
Chapter 5. LBS and Air Load Break Switch Market Assessment, By Voltage
5.1 Introduction
5.2 Low Voltage
5.3 High Voltage
Chapter 6. LBS and Air Load Break Switch Market Assessment, By Installation
6.1 Introduction
6.2 Outdoor
6.3 Indoor
Chapter 7. LBS and Air Load Break Switch Market Assessment, By Mechanism
7.1 Introduction
7.2 Manual Load Break Switches
7.3 Motorized/Automatic Load Break Switches
Chapter 8. LBS and Air Load Break Switch Market Assessment, By Mounting Type
8.1 Introduction
8.2 Pad-mounted
8.3 Pole-mounted
8.4 Panel-mounted
Chapter 9. LBS and Air Load Break Switch Market Assessment, By End Use
9.1 Introduction
9.2 Utilities
9.3 Industrial
9.4 Commercial
Chapter 10. LBS and Air Load Break Switch Market Assessment, By Region
10.1 Introduction
10.2 North America LBS and Air Load Break Switch Market
10.2.1 North America LBS and Air Load Break Switch Market, By Voltage
10.2.2 North America LBS and Air Load Break Switch Market, By Installation
10.2.3 North America LBS and Air Load Break Switch Market, By Mechanism
10.2.4 North America LBS and Air Load Break Switch Market, By Mounting Type
10.2.5 North America LBS and Air Load Break Switch Market, By End Use
10.2.6 US LBS and Air Load Break Switch Market
10.2.6.1 US LBS and Air Load Break Switch Market, By Voltage
10.2.6.2 US LBS and Air Load Break Switch Market, By Installation
10.2.6.3 US LBS and Air Load Break Switch Market, By Mechanism
10.2.6.4 US LBS and Air Load Break Switch Market, By Mounting Type
10.2.6.5 US LBS and Air Load Break Switch Market, By End Use
10.2.7 Canada LBS and Air Load Break Switch Market
10.2.7.1 Canada LBS and Air Load Break Switch Market, By Voltage
10.2.7.2 Canada LBS and Air Load Break Switch Market, By Installation
10.2.7.3 Canada LBS and Air Load Break Switch Market, By Mechanism
10.2.7.4 Canada LBS and Air Load Break Switch Market, By Mounting Type
10.2.7.5 Canada LBS and Air Load Break Switch Market, By End Use
10.2.8 Mexico LBS and Air Load Break Switch Market
10.2.8.1 Mexico LBS and Air Load Break Switch Market, By Voltage
10.2.8.2 Mexico LBS and Air Load Break Switch Market, By Installation
10.2.8.3 Mexico LBS and Air Load Break Switch Market, By Mechanism
10.2.8.4 Mexico LBS and Air Load Break Switch Market, By Mounting Type
10.2.8.5 Mexico LBS and Air Load Break Switch Market, By End Use
10.3 Europe LBS and Air Load Break Switch Market
10.3.1 Europe LBS and Air Load Break Switch Market, By Voltage
10.3.2 Europe LBS and Air Load Break Switch Market, By Installation
10.3.3 Europe LBS and Air Load Break Switch Market, By Mechanism
10.3.4 Europe LBS and Air Load Break Switch Market, By Mounting Type
10.3.5 Europe LBS and Air Load Break Switch Market, By End Use
10.3.6 UK LBS and Air Load Break Switch Market
10.3.6.1 UK LBS and Air Load Break Switch Market, By Voltage
10.3.6.2 UK LBS and Air Load Break Switch Market, By Installation
10.3.6.3 UK LBS and Air Load Break Switch Market, By Mechanism
10.3.6.4 UK LBS and Air Load Break Switch Market, By Mounting Type
10.3.6.5 UK LBS and Air Load Break Switch Market, By End Use
10.3.7 France LBS and Air Load Break Switch Market
10.3.7.1 France LBS and Air Load Break Switch Market, By Voltage
10.3.7.2 France LBS and Air Load Break Switch Market, By Installation
10.3.7.3 France LBS and Air Load Break Switch Market, By Mechanism
10.3.7.4 France LBS and Air Load Break Switch Market, By Mounting Type
10.3.7.5 France LBS and Air Load Break Switch Market, By End Use
10.3.8 Germany LBS and Air Load Break Switch Market
10.3.8.1 Germany LBS and Air Load Break Switch Market, By Voltage
10.3.8.2 Germany LBS and Air Load Break Switch Market, By Installation
10.3.8.3 Germany LBS and Air Load Break Switch Market, By Mechanism
10.3.8.4 Germany LBS and Air Load Break Switch Market, By Mounting Type
10.3.8.5 Germany LBS and Air Load Break Switch Market, By End Use
10.3.9 Italy LBS and Air Load Break Switch Market
10.3.9.1 Italy LBS and Air Load Break Switch Market, By Voltage
10.3.9.2 Italy LBS and Air Load Break Switch Market, By Installation
10.3.9.3 Italy LBS and Air Load Break Switch Market, By Mechanism
10.3.9.4 Italy LBS and Air Load Break Switch Market, By Mounting Type
10.3.9.5 Italy LBS and Air Load Break Switch Market, By End Use
10.3.10 Spain LBS and Air Load Break Switch Market
10.3.10.1 Spain LBS and Air Load Break Switch Market, By Voltage
10.3.10.2 Spain LBS and Air Load Break Switch Market, By Installation
10.3.10.3 Spain LBS and Air Load Break Switch Market, By Mechanism
10.3.10.4 Spain LBS and Air Load Break Switch Market, By Mounting Type
10.3.10.5 Spain LBS and Air Load Break Switch Market, By End Use
10.3.11 Netherlands LBS and Air Load Break Switch Market
10.3.11.1 Netherlands LBS and Air Load Break Switch Market, By Voltage
10.3.11.2 Netherlands LBS and Air Load Break Switch Market, By Installation
10.3.11.3 Netherlands LBS and Air Load Break Switch Market, By Mechanism
10.3.11.4 Netherlands LBS and Air Load Break Switch Market, By Mounting Type
10.3.11.5 Netherlands LBS and Air Load Break Switch Market, By End Use
10.3.12 Rest of Europe LBS and Air Load Break Switch Market
10.3.12.1 Rest of Europe LBS and Air Load Break Switch Market, By Voltage
10.3.12.2 Rest of Europe LBS and Air Load Break Switch Market, By Installation
10.3.12.3 Rest of Europe LBS and Air Load Break Switch Market, By Mechanism
10.3.12.4 Rest of Europe LBS and Air Load Break Switch Market, By Mounting Type
10.3.12.5 Rest of Europe LBS and Air Load Break Switch Market, By End Use
10.4 Asia Pacific LBS and Air Load Break Switch Market
10.4.1 Asia Pacific LBS and Air Load Break Switch Market, By Voltage
10.4.2 Asia Pacific LBS and Air Load Break Switch Market, By Installation
10.4.3 Asia Pacific LBS and Air Load Break Switch Market, By Mechanism
10.4.4 Asia Pacific LBS and Air Load Break Switch Market, By Mounting Type
10.4.5 Asia Pacific LBS and Air Load Break Switch Market, By End Use
10.4.6 China LBS and Air Load Break Switch Market
10.4.6.1 China LBS and Air Load Break Switch Market, By Voltage
10.4.6.2 China LBS and Air Load Break Switch Market, By Installation
10.4.6.3 China LBS and Air Load Break Switch Market, By Mechanism
10.4.6.4 China LBS and Air Load Break Switch Market, By Mounting Type
10.4.6.5 China LBS and Air Load Break Switch Market, By End Use
10.4.7 Japan LBS and Air Load Break Switch Market
10.4.7.1 Japan LBS and Air Load Break Switch Market, By Voltage
10.4.7.2 Japan LBS and Air Load Break Switch Market, By Installation
10.4.7.3 Japan LBS and Air Load Break Switch Market, By Mechanism
10.4.7.4 Japan LBS and Air Load Break Switch Market, By Mounting Type
10.4.7.5 Japan LBS and Air Load Break Switch Market, By End Use
10.4.8 South Korea LBS and Air Load Break Switch Market
10.4.8.1 South Korea LBS and Air Load Break Switch Market, By Voltage
10.4.8.2 South Korea LBS and Air Load Break Switch Market, By Installation
10.4.8.3 South Korea LBS and Air Load Break Switch Market, By Mechanism
10.4.8.4 South Korea LBS and Air Load Break Switch Market, By Mounting Type
10.4.8.5 South Korea LBS and Air Load Break Switch Market, By End Use
10.4.9 India LBS and Air Load Break Switch Market
10.4.9.1 India LBS and Air Load Break Switch Market, By Voltage
10.4.9.2 India LBS and Air Load Break Switch Market, By Installation
10.4.9.3 India LBS and Air Load Break Switch Market, By Mechanism
10.4.9.4 India LBS and Air Load Break Switch Market, By Mounting Type
10.4.9.5 India LBS and Air Load Break Switch Market, By End Use
10.4.10 Australia LBS and Air Load Break Switch Market
10.4.10.1 Australia LBS and Air Load Break Switch Market, By Voltage
10.4.10.2 Australia LBS and Air Load Break Switch Market, By Installation
10.4.10.3 Australia LBS and Air Load Break Switch Market, By Mechanism
10.4.10.4 Australia LBS and Air Load Break Switch Market, By Mounting Type
10.4.10.5 Australia LBS and Air Load Break Switch Market, By End Use
10.4.11 Rest of Asia Pacific LBS and Air Load Break Switch Market
10.4.11.1 Rest of Asia Pacific LBS and Air Load Break Switch Market, By Voltage
10.4.11.2 Rest of Asia Pacific LBS and Air Load Break Switch Market, By Installation
10.4.11.3 Rest of Asia Pacific LBS and Air Load Break Switch Market, By Mechanism
10.4.11.4 Rest of Asia Pacific LBS and Air Load Break Switch Market, By Mounting Type
10.4.11.5 Rest of Asia Pacific LBS and Air Load Break Switch Market, By End Use
10.5 Latin America LBS and Air Load Break Switch Market
10.5.1 Latin America LBS and Air Load Break Switch Market, By Voltage
10.5.2 Latin America LBS and Air Load Break Switch Market, By Installation
10.5.3 Latin America LBS and Air Load Break Switch Market, By Mechanism
10.5.4 Latin America LBS and Air Load Break Switch Market, By Mounting Type
10.5.5 Latin America LBS and Air Load Break Switch Market, By End Use
10.5.6 Brazil LBS and Air Load Break Switch Market
10.5.6.1 Brazil LBS and Air Load Break Switch Market, By Voltage
10.5.6.2 Brazil LBS and Air Load Break Switch Market, By Installation
10.5.6.3 Brazil LBS and Air Load Break Switch Market, By Mechanism
10.5.6.4 Brazil LBS and Air Load Break Switch Market, By Mounting Type
10.5.6.5 Brazil LBS and Air Load Break Switch Market, By End Use
10.5.7 Argentina LBS and Air Load Break Switch Market
10.5.7.1 Argentina LBS and Air Load Break Switch Market, By Voltage
10.5.7.2 Argentina LBS and Air Load Break Switch Market, By Installation
10.5.7.3 Argentina LBS and Air Load Break Switch Market, By Mechanism
10.5.7.4 Argentina LBS and Air Load Break Switch Market, By Mounting Type
10.5.7.5 Argentina LBS and Air Load Break Switch Market, By End Use
10.5.8 Rest of Latin America LBS and Air Load Break Switch Market
10.5.8.1 Rest of Latin America LBS and Air Load Break Switch Market, By Voltage
10.5.8.2 Rest of Latin America LBS and Air Load Break Switch Market, By Installation
10.5.8.3 Rest of Latin America LBS and Air Load Break Switch Market, By Mechanism
10.5.8.4 Rest of Latin America LBS and Air Load Break Switch Market, By Mounting Type
10.5.8.5 Rest of Latin America LBS and Air Load Break Switch Market, By End Use
10.6 Middle East and Africa LBS and Air Load Break Switch Market
10.6.1 Middle East & Africa LBS and Air Load Break Switch Market, By Voltage
10.6.2 Middle East & Africa LBS and Air Load Break Switch Market, By Installation
10.6.3 Middle East & Africa LBS and Air Load Break Switch Market, By Mechanism
10.6.4 Middle East & Africa LBS and Air Load Break Switch Market, By Mounting Type
10.6.5 Middle East & Africa LBS and Air Load Break Switch Market, By End Use
10.6.6 UAE LBS and Air Load Break Switch Market
10.6.6.1 UAE LBS and Air Load Break Switch Market, By Voltage
10.6.6.2 UAE LBS and Air Load Break Switch Market, By Installation
10.6.6.3 UAE LBS and Air Load Break Switch Market, By Mechanism
10.6.6.4 UAE LBS and Air Load Break Switch Market, By Mounting Type
10.6.6.5 UAE LBS and Air Load Break Switch Market, By End Use
10.6.7 Saudi Arabia LBS and Air Load Break Switch Market
10.6.7.1 Saudi Arabia LBS and Air Load Break Switch Market, By Voltage
10.6.7.2 Saudi Arabia LBS and Air Load Break Switch Market, By Installation
10.6.7.3 Saudi Arabia LBS and Air Load Break Switch Market, By Mechanism
10.6.7.4 Saudi Arabia LBS and Air Load Break Switch Market, By Mounting Type
10.6.7.5 Saudi Arabia LBS and Air Load Break Switch Market, By End Use
10.6.8 South Africa LBS and Air Load Break Switch Market
10.6.8.1 South Africa LBS and Air Load Break Switch Market, By Voltage
10.6.8.2 South Africa LBS and Air Load Break Switch Market, By Installation
10.6.8.3 South Africa LBS and Air Load Break Switch Market, By Mechanism
10.6.8.4 South Africa LBS and Air Load Break Switch Market, By Mounting Type
10.6.8.5 South Africa LBS and Air Load Break Switch Market, By End Use
10.6.9 Rest of Middle East & Africa LBS and Air Load Break Switch Market
10.6.9.1 Rest of Middle East & Africa LBS and Air Load Break Switch Market, By Voltage
10.6.9.2 Rest of Middle East & Africa LBS and Air Load Break Switch Market, By Installation
10.6.9.3 Rest of Middle East & Africa LBS and Air Load Break Switch Market, By Mechanism
10.6.9.4 Rest of Middle East & Africa LBS and Air Load Break Switch Market, By Mounting Type
10.6.9.5 Rest of Middle East & Africa LBS and Air Load Break Switch Market, By End Use
Chapter 11. Customization
11.1 LBS and Air Load Break Switch Market - Estimated Product Pricing by Manufacturer
11.2 Global LBS and Air Load Break Switch Market: Key Players' Market Share Analysis, 2024
11.3 LBS and Air Load Break Switch Market – Buyer/Vendor Relationship Analysis
11.4 LBS and Air Load Break Switch Market – Regional Leadership Breakdown (2024)
Chapter 12. Competitive Landscape
12.1 Strategy Framework
12.2 Vendor Landscape
Chapter 13. Company Profiles
13.1 Fuji Electric FA Components & Systems Co., Ltd.
13.1.1 Business Overview
13.1.2 Financial Snapshot
13.1.2.1 Net Sales by Market Segment
13.1.2.2 Net Sales by Region
13.1.3 Products Benchmarking
13.2 ENSTO
13.2.1 Business Overview
13.2.2 Products Benchmarking
13.3 KATKO Oy
13.3.1 Business Overview
13.3.2 Products Benchmarking
13.4 ABB
13.4.1 Business Overview
13.4.2 Financial Snapshot
13.4.2.1 Net Sales by Segment
13.4.2.2 Net Sales by Region
13.4.3 Products Benchmarking
13.5 SOCOMEC
13.5.1 Business Overview
13.5.2 Products Benchmarking
13.6 Lucy Group Ltd.
13.6.1 Business Overview
13.6.2 Financial Snapshot
13.6.3 Products Benchmarking
13.7 Powell Industries
13.7.1 Business Overview
13.7.2 Financial Snapshot
13.7.2.1 Revenue by Market Segment
13.7.2.2 Revenue by Region
13.7.3 Products Benchmarking
13.8 Schneider Electric
13.8.1 Business Overview
13.8.2 Financial Snapshot
13.8.2.1 Net Sales by Segment
13.8.2.2 Net Sales by Region
13.8.3 Products Benchmarking
13.9 Rockwell Automation
13.9.1 Business Overview
13.9.2 Financial Snapshot
13.9.2.1 Sales by Market Segment
13.9.2.2 Sales by Region
13.9.3 Products Benchmarking
13.10 Safvolt
13.10.1 Business Overview
13.10.2 Products Benchmarking

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