Linseed Oil Market, Products, Applications & Regional Outlook, 2016 – 2024

Linseed oil market might may face substitute threats from increasing usage of synthetic alkyd resin. It causes eye and skin irritation when comes in contact and may hamper its adoption in childcare products, thereby hindering industry growth.

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Linseed Oil Market size may witness strong gains over the projected timeframe owing to increasing application scope in food, pharmaceutical, and cosmetic industry. It is widely used in manufacturing of various products including paints, gliding, putty, floorings, wood finish, linoleum, nutritional supplement and processed food.

Linseed oil is a colorless to yellow product obtained from ripened, dried seeds of flax plant and known as flaxseed oil. It can be produced by pressing or through solvent extraction process. Additionally, it polymerizes into solid form and used by blending with various resins, or solvents as impregnator.

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Global paint and coatings market generated over USD 135 billion in 2015 and may witness gains at over 5% during forecasted timeframe. Increasing application scope as additive used in oil paints for imparting properties such as finishing, making it fluid, transparent and glossy should drive linseed oil market size. Growing automobile and consumer goods industry may stimulate product demand. They are usually applied on vehicles body, interior and exterior house walls and corporate buildings owing to its bonding, fast drying capability and film forming.

Global dietary supplements market was valued at over USD 130 billion in 2015 and should grow at over 9%. Increasing awareness towards nutritional food intake along with favorable government regulations should drive industry growth. Linseed oil reduces risk of heart diseases and cancer, acts as a natural laxative, relieves inflammation and pain, protects from osteoporosis and stabilizes hormonal imbalance.

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North America, driven by Canada, and the U.S. linseed oil market size may show significant demand owing to increasing application scope in wooden product, dietary supplement and cosmetic industries. Canada is the one of the biggest flaxseed oil supplier and the export was over 730 kilo tons in 2015.

Europe, led by UK, Russia, France and Germany linseed oil market size may show steady gains owing to growing cosmetics and medicinal sectors. Improved standard of living along with increasing health concerns should drives regional growth.

Asia Pacific, led by Japan, Taiwan, India and China linseed oil market, should witness highest gains. Strong application outlook in paints and food processing industries should drive regional growth. China imports flaxseed and the production was around 350 kilo tons in 2015.

Global linseed oil market share is competitive. Some key players operating in the industry include ADM, Cargill, Bioriginal Food & Science Corp, and Natural Brand. Other industry participants include Barlean’s, GranoVita, OmegaFactors, Linolie Danmark Aps, and Gustav Heess.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services