Lignin
micro- and nanoparticles (LMNPs) synthesized from side-streams
of pulp and paper and biorefinery operations have been proposed for
the generation of new, high-value materials. As sustainable alternatives
to particles of synthetic or mineral origins, LMNPs viability depends
on scale-up, manufacturing cost, and applications. By using experimental
data as primary source of information, along with industrial know-how,
we analyze dry and spherical LMNPs obtained by our recently reported
aerosol/atomization method. First, a preliminary evaluation toward
the commercial production of LMNPs from industrial lignin precursors
is presented. Following, we introduce potential LMNPs applications
from a financial perspective. Mass and energy balances, operating
costs, and capital investment are estimated and discussed in view
of LMNPs scalability prospects. The main potential market segments
identified (from a financial perspective) include composite nanofillers,
solid foams, emulsion stabilizers, chelating agents, and UV protection.
Our technical, financial, and market assessment represent the basis
for R&D planning and efforts to lower the risk related to expected
industrialization efforts. Manufacturing costs were estimated between
870 and 1170 USD/t; also, minimum selling prices varied from 1240
and 1560 USD/t, depending on raw materials used. Sensitivity analysis
indicated that manufacturing cost can be as low as 600 USD/t, depending
on the process conditions considered. Finally, based on the financial
assessment, potential applications were identified.