Linseed Oil Market Size, Share, Analysis Report By Product Type (Raw Linseed Oil, Stand Oil, Boiled Linseed Oil), By Application (Paints & Varnishes, Food, Animal Nutrition & Care, Cosmetics, Pharmaceuticals, Others), And Region Forecast, 2022 - 2030

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.

Drivers

·         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

Restraints

·         Existence of substitute products

·         Limits its use in childcare products

Opportunity

·         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

Report Coverage

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 Segmentation

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   Paint

o   Lacquers

o   Wood Protection

·         Food Processing

·         Animal Nutrition & Care

·         Cosmetics

·         Pharmaceuticals

·         Others

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

North America

·         U.S.

·         Canada

Europe

·         U.K.

·         France

·         Germany

·         Spain

·         Rest of Europe

Latin America

·         Mexico

·         Brazil

·         Rest of Latin America

Asia-Pacific

·         India

·         China

·         Japan

·         Australia

·         South Korea

·         Rest of Asia-Pacific

Middle East & Africa

·         South Africa

·         GCC

·         Rest of Middle East & Africa