Global linseed oil market is expected to reach $961.4 million by 2026, according to the latest research available at Market Study Report LLC, report provides extensively data on market share, growth, trends and forecasts for the period 2018-2026.
As per the report, the global linseed oil market has been observing expanding at an average rate as opposed to other edibles oils market. The material is also witnessing slow but increasing demand from an extensive range of end-use products like paints & coatings, organic packaged food, varnishes, flooring, pharmaceuticals, etc. Unrefined and cold-pressed organic linseed oil are widely made available in the current linseed market scenario due to increasing demand for organic food products.
For the uninitiated, food-grade linseed oils are extremely rich in fatty acids. The seeds are also packed with alpha-linolenic acid, which is a type of omega-3 fatty acid that is advantageous for a healthy heart. The product also consists of antioxidant properties due to the presence of lignans that are beneficial to avoid deadly chronic ailments like cancer.
Linseed oil is also used as a natural laxative due to its ability to alleviate inflammation and body pain in sever situations. Other fatty acids possessed by the products include oleic acid that aid in reducing cholesterol levels, linoleic acid that is anti-inflammatory, and palmitic acid which acts as a mild antioxidant and stearic acid that helps in lowering cholesterol. These nutritional and health benefits have significantly propelled product use throughout numerous pharmaceutical and food product application thus accelerating its demand.
According to the report, linseed oil is typically used for manufacturing paints, but with the burgeoning application of solvent and petrochemical-based paints, the use of linseed oil has plummeted over the last decade. However, on account of rising concerns regarding VOC content and sustainable paint solutions, the use of linseed oil in the paint industry has surged again.
Comparted to synthetic substances that usually form a surface film, raw linseed oil penetrates the plain surface more efficiently. Such functional advantages of the product often extend the product’s life span. Paint produced from linseed oil also preserves the wood and it does not flake or peel in the long run.
The product also contains naturally occurring inorganic pigments that result in colors. These pigments comprise all of the earth pigments, iron oxide, zinc oxide, titanium oxide, and cobalt, which are usually stable against air and light and function best with the linseed oil. Owing to these properties, linseed would observe considerable demand from the paint industry.
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In terms of geographical growth, Asia Pacific emerged as the largest contender in global linseed oil market. The major factors driving product demand in this region include the growing packaged food processing industry, pharmaceutical industries, paints & coatings, etc. The region is driven by India, China, Japan, Malaysia, Indonesia, etc. which are major consumers and leading producers of the material worldwide.
Moreover, the substantially increased rate of industrialization in the Asia Pacific has attracted several manufacturers who have turned the region into a major exporter of the product, cites the report.
The competitive landscape of the global linseed oil market includes well-known players such as Barlean’s, Natural Factors Inc., Bioriginal Food & Science Corp, Natrol LLC, Cargill, Archer Daniels Midland (ADM) Company, Incorporated, Henry Lamotte Oils GmbH, Krishi Oils Limited (KOL), granoVita, and Gustav Heess GmbH.
The report also delivers a comprehensive analysis of linseed oil market drivers, restraints, and opportunities over the estimated timeline. An in-depth analysis of the market in terms of the application spectrum and regional landscape is also included in the report. In addition to this, the company profiles of market majors have been documented in the report under business overview, product benchmarking, financials, and recent developments.