The
global market for linseed oil is the focus of study of a detailed
market research report by Transparency Market Research. The report
presents an expansive overview of the market and presents detailed
data pertaining to crucial market elements and their state in the
past and present times.
The
report is titled “Linseed Oil Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast, 2014 – 2020.”
The
report states that the global
linseed oil market is driven primarily by its large-scale use as
a varnish for the treatment of wooden products. As linseed oil is
absorbed by wooden surfaces, it does not form a solid film coating
and also provides the surface a shining appearance without making it
look glossy. Owing to the low cost and easy availability of linseed
oil, it is the most commonly used oil for wood treatment.
Linseed
oil also finds several applications in the paints and coatings
industry, where it is used as a pigment binder and drying agent, in
the wooden #architecture# industry, where it is used as an
impregnator and varnish, and for the manufacture of linoleum. For
these purposes, linseed oil is mixed or blended with other oils,
resins, and solvents. Linseed oil is also extensively used as a
binding agent for surface coatings in hard boards.
The
use of linseed oil in putty is another major application area of the
global linseed market. Linseed oil is added to chalk powder paste for
use in installing glass panes in windows. The putty, which dries in a
few weeks, can be coated or painted over.
Linseed
oil also finds application in the pharmaceutical industry for
manufacturing certain medicines and ointments. It is also used as a
food supplement and is believed to have anti-cancer qualities.
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Apart
from these primary applications, linseed oil is also used in the
production of inks and certain soaps. In the next few years, the
global market for linseed oil is expected to be propelled by its
rising demand from the paints and coatings industry.
The
report presents vast data about the regional and global state of
demand and consumption of linseed oil for these and other
applications.
Major
regional markets for linseed oil studied in the report include North
America, Europe, Asia Pacific, and Rest of the World. Of these, North
America currently accounts for the dominant share in the global
market. Europe also accounts for a considerable share in the global
market. However, in the past few years, the market for linseed oil
has witnessed the fastest growth in Asia Pacific.
Some
of the major companies operating in the global linseed oil market are
American Linseed Oil Co., Cargill, and Krishi Oils Ltd.
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