The Global Linseed Oil Market accounted for US$ 2,865 Mn in 2021 and is expected to reach US$ 4,579 Mn by 2030 with a considerable CAGR of 5.4% during the forecast timeframe of 2022 to 2030.
Linseed oil, obtained from flaxseed, is one of the most precious oils found in nature. It is used as a wood and concrete preservative, as well as a component of varnishes, paints, and dyes. Linseed oil is natural oil that has anti-inflammatory properties that aid the stomach and intestines. It has a significant immune-boosting effect. It is ideal for people suffering from oral symptoms such as gingival recession as well as stress issues due to its soothing effect. Linseed oil has skin-regenerating capabilities as well as the ability to heal body wounds quickly. Aside from these benefits, it also has considerable benefits for humans in terms of blood sugar regulation and blood pressure control. Linseed oil is also used in the paint and wood industries, aside from human health and cosmetics. Linseed oil is fantastic for use on woodwork. Wood linseed oil brightens the color of the wood while emphasizing the texture. Linseed oil is used as an initial primer before coating wood with paint.
· Rising demand from the food industry
· Growing consumer awareness and acceptability of linseed oil in cosmetics
· Increasing use in the paint and coating industry
· Escalating nutrition consciousness in consumers
· Existence of substitute products
· Limits its use in childcare products
· Increasing investments in crop yield and harvesting operations for flaxseed production
· Raising awareness of the medical benefits of this oil as cancer and cellulite fighter, as well as a heart health booster
|Linseed Oil Market
|Market Size 2021
|US$ 2,865 Mn
|Market Forecast 2030
|US$ 4,579 Mn
|5.4% During 2022 - 2030
|2018 - 2030
|2022 - 2030
|By Product Type, By Application, And By Geography
|North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
|Key Companies Profiled
|Cargill, Inc., Archer Daniels Midland (ADM) Company, Gustav Heess Oleochemische Erzeugnisse GmbH, Falcon, KH Chemicals, Henry Lamotte Oils GmbH, Krishi Oils, American Linseed Oil Co., Vandeputte Oleochemicals, Jamieson Natural Sources, Shape Foods, Inc., and ConnOils, LLC.
|Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
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Linseed Oil Market Dynamics
The increased usage of linseed oils in a variety of applications such as the painting and coating industries, as well as varnish application, is the key driver contributing to the market's growth. With the established strong link between diet and disease, many nutritionally balanced people are keen to consume nutritious options and keep track of the food they consume. Linseed oil demand is expected to raise as a result of increased awareness of its health advantages. Furthermore, because it is organic and vegetarian, linseed oil is being used as a nutritional supplement in place of other oils such as fish oil. Furthermore, the polymerization characteristic of linseed oil, which enables it to change form and combine with different solvents and resin as impregnators and linoleum in the paints and coatings industries, is likely to drive growth. On the other hand, a variety of issues, such as eyesight and skin hazards, may stymie market growth.
Market by Product Type
· Raw Linseed Oil
· Stand Oil
· Boiled Linseed Oil
In terms of product type, the raw linseed oil category held the largest market share in 2021. The raw linseed oil is the purest form of the oil, extracted from flaxseed and delivered without any additions, preservatives, or solutions. It is perfect for oil-based paints since it aids in the leveling and setting process, resulting in a smoother surface.
Furthermore, in the global linseed oil market, the boiling linseed oil sector is likely to rise noticeably throughout the forecast period. Boiled linseed oil is a blend of stand oil, raw linseed oil, and drying agents derived from metallic oil. It is also being used to give fresh or stripped naked interior wood a smooth, syntenic finish. Its high-quality oil that's identical to raw linseed and has had some hot air pushed through it to speed up drying periods. It is suitable for all types of wood, except exposed oak, which can also be used as a conventional sealer for stone floors, terracotta tiles, and other porous surfaces prior to waxing.
Market by Application
· Paints & Varnishes
o Wood Protection
· Food Processing
· Animal Nutrition & Care
In terms of application, the paint and vanishes segments will account for the majority of the market share in 2021. Linseed oil is commonly used in paint, wood finish, putty, food processing, nutritional supplements, and a variety of other uses. However, due to their qualities, paints and varnishes are frequently utilized as coats in wood finishing. Linseed oil is predicted to grow in demand due to its widening application scope as an additive used in oil paints to impart features such as finishing, making it liquid, clear, and glossy. The increasing automotive and consumer goods industries may drive product demand. They are often employed on the interior and outside of house walls, the body of a vehicle, and corporate buildings due to their fast-drying, bonding, and film-forming capabilities.
Furthermore, the pharmaceutical segment is expected to grow dramatically in the coming years. Linseed oil is best recognized for its omega-3 concentration, which is why it is considered heart-healthy. Linseed oil, on the other hand, has been related to reduced inflammation, improved digestion, slower cancer cell growth, and improved skin health. Recently, several researchers have discovered that it can aid in the reduction of cholesterol, high blood pressure, and blood sugar levels. As a result of these factors, market segment growth is expanding during the projection periods.
Linseed Oil Market Regional Overview
· Rest of Europe
· Rest of Latin America
· South Korea
· Rest of Asia-Pacific
Middle East & Africa
· South Africa
· Rest of Middle East & Africa
In 2021, Asia-Pacific held the highest share of the Linseed Oil Market and will continue to do so throughout the forecast period. Growing local output and processors importing natural seeds from China and India are two factors that could be attributed to the growth. Growth of the market from China, owing to the country's large number of manufacturers, is expected to drive the regional sector forward throughout the projection period. The greatest increase in consumer spending is expected to occur in Asia Pacific's emerging economies. An expanding number of manufacturers and suppliers, as well as a better understanding of the nutritional benefits offered by pharmaceutical products, are expected to have a beneficial impact on the linseed oil market. Regional growth should be driven by a good application outlook in the coatings and food processing industries.
Some of the prominent players in global linseed oil market are Cargill, Inc., Archer Daniels Midland (ADM) Company, Gustav Heess Oleochemische Erzeugnisse GmbH, Falcon, KH Chemicals, Henry Lamotte Oils GmbH, Krishi Oils, American Linseed Oil Co., Vandeputte Oleochemicals, Jamieson Natural Sources, Shape Foods, Inc., and ConnOils, LLC.
The estimated value of global linseed oil market in 2021 was accounted to be US$ 2,865 Mn.
The projected CAGR of linseed oil during the analysis period of 2022 to 2030 is 5.4%.
The prominent players of the global linseed oil market involve Cargill, Inc., Archer Daniels Midland (ADM) Company, Gustav HeessOleochemischeErzeugnisse GmbH, Falcon, KH Chemicals, Henry Lamotte Oils GmbH, Krishi Oils, American Linseed Oil Co., Vandeputte Oleochemicals, Jamieson Natural Sources, Shape Foods, Inc., and ConnOils, LLC.
Asia-Pacific held the dominating share for linseed oil during the analysis period of 2022 to 2030.
North America region exhibited fastest growing CAGR for linseed oil during the analysis period of 2022 to 2030.
Rising demand from the food, paint, and coating industry, and growing consumer awareness and acceptability of linseed oil in cosmetics are the prominent factors that fuel the growth of global linseed oil market.
Based on product type, raw linseed oil segment held the maximum share for linseed oil market in 2021.