Linseed
oil is natural oil derived from dry and ripe seeds of flax plant.
Linseed oil is also commonly known as flaxseed oil. Linseed oil is
obtained from the seeds by pressing as well as by solvent extraction
process. Linseed oil has an unique polymerizing property by virtue of
which it can polymerize into a solid form. This property of linseed
oil is responsible for most of the applications it enjoys. Linseed
oil is blended or mixed with other resins, solvents and oils in order
to be used as pigment binder in paints and coatings, as varnish and
impregnator in wood finishing, and as an ingredient in the
manufacturing process of linoleum. Apart from these main applications
linseed oil is also used in the production of certain soaps and inks.
The
linseed oil market is primarily driven by its application as a
varnish for wooden products treatment. Linseed oil does not form a
solid film coating on the wooden surface and are absorbed by the
surface. It provides a shining appearance to the wooden product
without appearing glossy. It is the most common oil used in wood
treatment process owing to the low cost of the product and easy
availability compared to other products. Linseed market is also
propelled by its application in the paints and coatings market.
Linseed oil is used as a drying oil in paints and coatings owing to
its film forming and fast drying capabilities. It is also used
extensively as a binding agent for surface coatings in the
manufacturing process of hard boards. Driers and a few other
compounds are added in linseed oil to impart special functionality to
the product. Some of the most common products manufactured with
linseed oil as the main ingredient are grinding oil, bonding oil,
tempering oil, integral oil, catalized curing oil, litho oil (pale
and regular), special conjugated oil and special varnishes amongst
some others.
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Application
of linseed oil in traditional putty is another major market for the
product. Linseed oil is added to a paste of chalk powder which is
applied to install glass panes in windows. The putty dries in a few
weeks time and it can then be painted or coated. Linoleum which is
used as a floor covering is manufactured using linseed oil as an
important ingredient. Linseed oil helps to bind wood dust and cork
particles which comprise linoleum. Linseed oil is used in the
pharmaceutical industry in order to manufacture certain varieties of
ointments and medicines. Lastly linseed oil also finds application as
food supplement. Lignan is an antioxidant that constiturte flax
seeds, and is believed to have anti cancer properties. However the
edible linseed oils are processed separately without solvent
extraction process. Linseed oil has the highest amount of omega 3
fatty acid among all varieties of vegetable oil.
Linseed
oil exhibits low irritability when inhaled or in contact with eyes.
Use of linseed oil in the processing of children’s product is
advised against. Opportunity for linseed oil exists in the
application of linoleum. Although linoleum is used since long, it was
replaced by PVC. However the market for linseed oil is on the rise
owing to the environmental concerns of PVC materials. North America
accounts for the largest market share of linseed oil owing to the
prevalence of wooden products. Europe market also accounts for a
considerable share of the market. The market is Asia Pacific has
exhibited the fastest growth rate in the recent years.
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Some
of the companies operating in this market are Cargill, American
Linseed Oil Co., and Krishi Oils Ltd. among others.
This
research report analyzes this market depending on its market
segments, major geographies, and current market trends. Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This
report is a complete study of current trends in the market, industry
growth drivers, and restraints. It provides market projections for
the coming years. It includes analysis of recent developments in
technology, Porter’s five force model analysis and detailed
profiles of top industry players. The report also includes a review
of micro and macro factors essential for the existing market players
and new entrants along with detailed value chain analysis.
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