Linseed Oil Market is anticipated to reach USD 939 million by 2025. Linseed is also known as “Flaxseed”. These are small, tanned, brown or golden colored seeds that are the richest sources of a plant-based omega-3 fatty acids, known as alpha-linolenic acid. Linseeds are an excellent source of fiber and a good source of minerals and vitamins. They are very low in Sodium and Cholesterol. This flaxseed is helpful to improve digestive system, reduce sugar cravings, promote weight loss, and balance hormones.
Linseed
oils are widely used in the production of several products comprising paints,
putty, gliding, floorings, wood finish, linoleum, food processing, and
nutritional supplement. The high demand for these oils across several end-user
businesses could be ascribed to their high polymerizing, layer formation, and
bonding abilities. To render tempering, litho oil, catalyzed curing, grinding,
and bonding, Linseed oil is mainly used. In addition, Linseed oil is
extensively used in paints owing to its uniform drying, film forming
capabilities, and bonding.
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The factors that propel the growth of the market include increasing demand from the paint and coating industry, raising awareness about the medical benefits among the people. Several studies suggest that these oils are beneficial in reducing the risk of cardiovascular and cancer. These factors will boost the market in the forecast period. On the other hand, there are factors that may hamper the development of the market such as the hazards pertaining to the eye and skin. Linseed Oil Market is anticipated to grow at a significant CAGR of 3.0% in the upcoming period as the scope, product types, and its applications are increasing across the globe.
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Linseed
Oil Market may be explored by application, and geography. Market may be
explored by application as Flooring, Processed food, Paints & varnishes,
Cosmetics, Pharmaceuticals, and Others. The “Paints and varnishes” section
dominated the Linseed Oil Market in 2016 and is anticipated to maintain its
dominance by 2025 due to growing applications of linseed oil in paint, food
processing, gilding, linoleum, putty, nutritional supplement, and wood finish.
Asia-Pacific
accounted for the major share of the Linseed Oil Market in 2016 and will
continue to lead in the forecast period. The factors that could be attributed
to the growth include growing local production, and processors are importing
organic seeds from India, China, European Union, and Argentina. On the other
hand, China is the largest importer of Linseed, followed by the U.S., India,
and France.
Some
of the key players that fuel the growth of the Linseed Oil Market comprise
Cargill U.S., Gustav Heess GmbH, American Linseed Oil Co., Lamotte-oil, WS
Lloyd Limited. Krishi Oils, Natrol, and Linolie Danmark Aps. The leading
companies are taking up partnerships, mergers and acquisitions, and joint
ventures in order to boost the inorganic growth of the industry.
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