Linseed Oil Market - Global Industry Analysis, Growth, Trends, Forecast 2016 - 2024

Global Linseed Oil Market: Overview

Linseed oils are extensively used in the manufacturing of various products including putty, paints, gliding, wood finish, floorings, nutritional supplement, linoleum, and food processing. The high demand for these oils across various end-user industries can be attributed to their high bonding, polymerizing, and layer formation capabilities. Linseed oil in combination with different types of resins and solvents is used in creating linoleum, impregnators, and varnish for various industrial applications.

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This research report provides an in-depth analysis of the global linseed oil market and its overlying industries. It offers insights into the historic, latest, and expected data and trends of the market in terms of both volume and revenue. It also covers information about the exports and imports, domestic production, price dynamics and turnover of the linseed oil industry. A strategic analysis of key factors impacting the growth of the market is also included in the report. The report profiles key players in the global linseed oil market along with their business strategies, latest developments, and contact information.

Global Linseed Oil Market: Drivers and Restraints

The increasing application of linseed oils in various applications such as coating industry and paint application is the foremost factor driving the global market. The increasing awareness about the medical benefits of these oils is boosting its adoption in manufacturing nutritional supplements. Various studies suggest that these oils are helpful in reducing the risk of cancer and cardiovascular diseases. The oil produced through cold pressing method is safe for human as well as animal condition.

Despite the various benefits offered by linseed oils, the eye or skin irritation caused due to their contact is estimated to hamper their adoption in childcare products. Furthermore, linoleum is being largely replaced by PVC, which is adversely affecting the growth of the global linseed oils market. Nevertheless, the manufacturers in the market will be able to see light at the end of the tunnel as PVC is being increasingly banned due to its hazardous impacts on the environment.

Global Linseed Oil Market: Regional Segmentation

On the basis of geography, the key segments scrutinized in the report are Asia Pacific, Europe, North America, and Rest of the World. The North America market for linseed oils is expected to experience healthy growth during the forecast period owing to the increasing demand for wooden products in the U.S. and Canada. Europe will also witness significant growth during the same period, with the U.K., Germany, and France being the major revenue contributors.

Asia Pacific is poised to emerge as a lucrative market over the forecast horizon. The growth of the region will be supplemented by the flourishing growth of the various end-user industries including paint and food processing industries. The rapidly growing population in emerging economies such as India and China is also propelling the growth of the region.

Companies Mentioned in the Report:

Mergers and acquisitions are among the commonly adopted strategies by the key players to stay relevant in the global linseed oil market. They are focusing on extensive research and development in order to introduce and expand new application areas of linseed oils. Some of the prominent players operating in the market are Linolie Danmark Aps, Gustav Heess GmbH, Lamotte-oil, Natrol, WS Lloyd Limited. Krishi Oils, American Linseed Oil Co., and Cargill U.S.

Linseed Oil Market will Reflect Significant Growth Prospects during 2014-20

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.

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.

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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.

Some of the companies operating in this market are Cargill, American Linseed Oil Co., and Krishi Oils Ltd. among others.