Lignin chemicals to hit the market by 2021, Lux Research reports

July 14, 2014 |

In Massachusetts, the first higher-value chemical derived from lignin will hit the market in 2021, according to a new Lux Research report. Additionally, thermal routes for converting lignin into smaller chemical constituents appear the best for near-term development; chemical, metallic catalytic, and biological may take longer to come downy the pipeline. Finally, the report also claims that commercialization opportunities will increase from 2018-2019, when a patent inflection will allow companies and research institutions to develop processes for lignin conversion.

Lignin has a potential market worth of $242 billion across 13 select products alone, but commercialization of these lignin derived chemicals such as BTX (a mixture of benzene, toluene, and xylene) and cyclohexanol lags growing feedstock supplies.

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Category: Research

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