Global Linseed Oil Market is expected to be valued at USD 939 million by 2025, according to a new report by Grand View Research, Inc. Linseed oil is naturally derived from dried flax seeds by the process of pressing and solvent extraction. Increasing investments in plant facilities for the production of flaxseeds are projected to propel the market over the foreseeable period.
Linseed oil is largely used for manufacturing products such
as paints, putty, wood finish, nutritional supplement, food processing,
flooring, and linoleum. It is used as a drying oil in wood varnish finishing pigment
binder in oil paints due to its fast drying, bonding, and film forming
properties.
Linseed is rich in nutrition and fiber content along with
vitamins and essential fatty acids, which increase its demand in the market in
nutritional supplements industry. Increasing suppliers of flax are expected to
drive the market over the coming years. Growing awareness regarding the use of
flax oil for weight reduction, healthy hair, and dandruff removal is projected
to propel the market growth.
The rising number of R&D activities and mergers &
acquisitions carried out by companies, such as Archer Daniels Midland (ADM)
Company, Cargill, Incorporated, and Henry Lamotte Oils GmbH, to enhance the
product portfolio is projected to propel the market over the next eight years.
Growing crop harvest, yield, and production of oil from flaxseed crop in the
U.S. are projected to spur the North American regional segment.
Full Research Report On Global Linseed Oil Market
Analysis:
Further key findings from the report suggest:
- The
global demand was valued at USD 720 million in 2016 and the market is
expected to record a CAGR of 3.0% over the forecast period
- Increasing
awareness regarding the medical benefits offered by this oil as cancer
& cellulite fighter and heart health booster is expected to propel the
market growth
- Paints
& varnishes emerged as the largest application segment and generated a
revenue of USD 211.09 million in 2016
- The
growing number of manufacturers and suppliers of flaxseeds for the
production of linseed oil is anticipated to spur market growth over the
forecast period
- Regulation
directives have been provided by Occupational, Safety & Health
Administration (OSHA) in the U.S. for the industrial hygienists on
extracting oil from flaxseeds
- Asia
Pacific was the significant regional segment in 2016 and is anticipated to
hold a considerable share in the market, reporting an estimated CAGR of
around 3.4% in terms of revenue over the forecast period
- Increasing
demand from paints and food processing end-use industries is projected to
drive the Asia Pacific regional market
- Growing
demand from the U.S. and Canada for the product as a varnish for wooden
products is projected to boost the industry
- In
September 2013, Cargill rebuilt and expanded its oilseed processing plant
in West Fargo, which processes sunflower and canola seeds into edible oil
for food processing business, flaxseed for linseed oil for industrial use,
and protein meal for animal feed
- Players
operating in the market include Gustav Heess GmbH; Henry Lamotte Oils
GmbH; Krishi Oils Limited; Cargill, Inc.; Archer Daniels Midland (ADM)
Company; Natrol, LLC.; and Natural Factors, Inc.
View more reports of
this category by Grand View Research at: http://www.grandviewresearch.com/industry/agrochemicals-and-fertilizers
Grand View Research
has segmented the Global Linseed Oil Market on the basis of application and
region.
Application Outlook (Volume, Thousand Tons; Revenue, USD
Million; 2014 - 2025)
- Paints
& varnishes
- Flooring
- Processed
food
- Cosmetics
- Pharmaceuticals
- Others
Regional Outlook (Volume, Thousand Tons; Revenue, USD
Million; 2014 - 2025)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- Belgium
- Italy
- Asia
Pacific
- China
- India
- Central
& South America
- Middle
East & Africa
- Ethiopia
View press release of this research report by Grand View
Research:
About Grand View Research
Grand View Research,
Inc. is a U.S. based market research and consulting company, registered in the
State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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