Augmenting demand from the paint industry, increasing use of linseed oil to treat obesity and improving heart health, and mounting evidence of linseed oil’s efficacy in shrinking tumors are the major factors stimulating the market growth.
Market Size – 821.43 million in 2020, Market Growth – CAGR of 3.35%, Market Trends – Escalating evidence and consciousness about the anti-carcinogenic properties of linseed oil
The global Linseed Oil Market is expected to reach USD 1,036.56 Million by 2028 at a CAGR of 3.35%, according to a new report by Reports and Data. The exponential growth of the industry can be accredited to the augmenting requirement for linseed oil from the paints & varnishes, leather, and lubricants industry. The low toxicity and eco-friendly attribute of linseed oil and the enhancement durability of oil paints by the addition of linseed oil has augmented its adoption in the paint and varnishing sector. Moreover, the augmenting publicity about the health benefits of linseed oil and the robust effect of linseed oil on obesity and heart conditions is foreseen to boost its demand in the estimated timeframe.
Linseed oil is an extremely potent source of lignans, a polyphenol compound primarily found in plants. Lignan acts as phytoestrogens, a plant-derivative nutrient that has anti-cancer properties and has been proven to reduce the risk of breast and prostate cancer. The alpha-linolenic acid found in linseed, which is the precursor of essential omega-3 fatty acids, also has the potential to halt the progression of cancer cells, which is boosting its adoption in the pharmaceutical industry. Additionally, other health advantages such as improvement in cardiac health, treating constipation and diarrhea, and enhancement of skin health are also adding traction to the demand for linseed oil, thereby adding to the expansion of the industry.
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However, the possible side effects of consumption or exposure to linseed oil such as eye and skin irritation can restrain the market growth. The topical side effects of linseed oil can potentially limit its usage in child care products, thereby limiting the market growth to a certain extent. Moreover, linseed oil has a longer drying time which can be unfeasible in certain situations such as varnishing of handles or wood floors. This has led to the development of synthetic paints and alkyd resins leading to a decreased demand for linseed oil, thereby restricting the market growth.
Prominent companies in the market include Krishi Oils Limited, Bioriginal Food and Science Corp., Henry Lamotte Oils GmbH, Archer Daniels Midland (ADM) Company, Welch, Natrol LLC, Cargill, Inc., AOS Product Private Limited, and Gustav Heess Gmbh, among others.
Key Highlights from the Report:
For the purpose of this report, Reports and Data has segmented the global Linseed Oil Market based on Nature, Product Type, Application, and Region:
Nature Outlook (Revenue, USD Million; Volume, Thousand Tons; 2018-2028)
Product Type Outlook (Revenue, USD Million; Volume, Thousand Tons; 2018-2028)
Application Outlook (Revenue, USD Million; Volume, Thousand Tons; 2018-2028)
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Regional Outlook (Revenue, USD Million; Volume, Thousand Tons; 2018-2028)
Table of content:
Chapter 1 Methodology and Scope
1.1 Research methodology
1.2 Research scope and assumptions
1.3 List of data sources
Chapter 2 Executive Summary
2.1 Linseed oil – Industry snapshot, 2021
Chapter 3 Linseed Oil Market Variables, Trends and Scope
3.1 Market segmentation and scope
3.2 Market size and growth prospects, 2018 – 2028 (Thousand tons) (USD million)
3.3 Linseed oil market value chain analysis
3.4 Market dynamics
3.4.1 Market driver analysis
3.4.1.1 Increasing awareness regarding health benefits of linseed oil
3.4.1.2 Aging population
Chapter 4 Linseed Oil Market: Application Estimates and Trend Analysis 4.1 Linseed oil market: Application movement analysis, 2021 & 2028 4.2 Paints & varnish 4.2.1 Market estimates and forecasts, in paints & varnish, 2018 – 2028 (Thousand tons) (USD million) 4.3 Flooring
Continued….
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