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