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Lignin is the second most abundant biobased material found on earth. It is produced mainly as a byproduct of pulp and paper industry and biorefineries. Despite its abundance, lignin valorization is not achieved on a large scale. Recently, there has been a growing demand for using the renewable and biodegradable raw materials in the commodity polymers. Potential use of lignin as a component in thermoplastic polymers is a promising approach for its value-added utilization. Given the vast applications of thermoplastic materials, there is lack of comprehensive