New York City, 05 February 2019: The global
Linseed Oil Market is anticipated to reach USD 961.4 million by 2026,
according to a new study published by Polaris Market Research. The linseed
market has been growing reasonably at an average rate compared to the other
edibles oils market. Demand from a wide range of end-use products such as
paints & coatings, varnishes, organic packaged food, pharmaceuticals,
flooring etc. has been increasing over the past few years however a bit
sluggish though. Organic linseed oil that are unrefined and cold pressed are
widely made available in the present linseed market scenario owing to its
positive role in human nutrition as demand for organic food products has grown
significantly. Linseed oils of the food grade are significantly rich in fatty
acids. Alpha linolenic acid present in the product is a type of omega-3 fatty
acids that are beneficial for a healthy heart.
The product
also possesses antioxidant properties owing to the presence of lignans are
beneficial to avoid deadly diseases like cancer. The oil also acts as a natural
laxative as it is also capable of alleviating inflammation and pain of body
parts in sever situations. Some of the other categories of fatty acids present
in the products include oleic acid that helps in cutting down cholesterol
levels, linoleic acid that has anti-inflammatory properties, and stearic Acid
that assists in lowering cholesterol and palmitic acid which acts as a mild
antioxidant. Such nutritional and health benefits have propelled product use in
several food and pharmaceutical product application thus driving its demand.
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Linseed oil
use for manufacturing of paints has been a very traditional practice, but with
the growing application of petrochemical or solvent based paint products, the
popularity or use of linseed oil decrease during the last decade. However,
owing to rising concerns over VOC content and sustainable paint solutions use
of these products in the paint industry has increased again. Functional
advantages such as raw linseed oil penetrates the paint surface much better
compared to the synthetic ones that normally forms a surface film. This
characteristic of the product results in much longer life span. Linseed oil
paint preserves the wood and does not flake or peel. The product also contains
naturally occurring ‘inorganic’ pigments that creates color. These pigments
include all of the earth pigments, zinc oxide, iron oxide, cobalt and titanium
oxide and are normally stable to light and air and function best with the
linseed oil. These properties make it one of the suitable raw material
ingredients for the paint industry.
Competitive Landscape and Key Vendors:
The Asia
Pacific region was the largest market in global linseed oil the region’s
growing packaged food processing industry, paints & coatings,
pharmaceutical industries etc. are the major driving sources of demand of these
products. China, India, Malaysia, Japan, Indonesia etc. are not only the major
consumers but also leading producers globally. Europe and the U.S. has also
been the leading market for linseed oil seeds, however the scenario has changed
over the recent past. The significantly increasing rate of industrialization in
Asia Pacific region has attracted numerous manufacturers which have turned it
into a major exporter of the products.
Some of
the leading
industry players in the linseed oil market include Barlean’s,
Bioriginal Food & Science Corp, Natural Factors Inc., Natrol LLC, Archer
Daniels Midland (ADM) Company, Cargill, Incorporated, Krishi Oils Limited
(KOL), Henry Lamotte Oils GmbH, Gustav Heess GmbH and granoVita.
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