Abstract
The world is facing difficulties to make a bridge between energy production and demand due to the diminishing of fossil fuel reserves. Energy resources are limited and unevenly distributed across the globe. Because of waste to wealth, the lignin from industries may play as a metamorphic gamester in biorefineries to enhance the life cycle assessment as well as to meet the ever-increasing global demand for myriad products. From the perspective of lignin valorization, the production of valuable chemicals, different extraction techniques, structures, global market potential, and SWOT analysis will be spotted and reviewed. Markets that are growing lignin-specified biorefinery are expected from 874.3 USD in 2020 to 1537.1 million USD by the end of 2026. Despite the availability of bountiful lignin as an aromatic substrate, its recalcitrant nature restricts the easy and economical production of valuable products. This review study also aims to understand the latest market trends, strategies, and challenges of lignin and its products globally.
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Ahmad, K., Ghatak, H.R., Ahuja, S.M. (2022). A Review on the Valorization of Biorefinery Based Waste Lignin: Exploratory Potential Market Approach. In: Ratan, J.K., Sahu, D., Pandhare, N.N., Bhavanam, A. (eds) Advances in Chemical, Bio and Environmental Engineering. CHEMBIOEN 2021. Environmental Science and Engineering. Springer, Cham. https://doi.org/10.1007/978-3-030-96554-9_19
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