According to the Global Industry Classification Standard (GICS®) developed by Morgan Stanley Capital International and Standard & Poor’s, the global indus­tries can be divided into 10 sectors: energy, materials, in­dustrials, consumer discretionary, consumer staples, health care, financials, information technology, telecom­munication services, and utilities. After a review of each of the 10 GICS® industrial sectors, it should be noted that lignin finds applications in almost every sector of the industry with the exception of financials, telecom­munication services, and information technology. The latter illustrates the versatility of lignin chemistry and its potential. Overall, lignin applications can be divided into traditional and emerging. The traditional applica­tions of lignosulfonates and sulfonated kraft lignins are primarily lower value such as dust control (ca. 11% market), concrete admixtures (ca. 50% market), and oil well drilling muds (ca. 4% market) while most of the emerging applications target higher value applications, in which the chemical versatility of lignin could be fully leveraged, or very large volume applications such as the production of BTX and other petrochemicals.