SAN FRANCISCO, October 18, 2017 /PRNewswire/ --
The global linseed oil market is expected to be
valued at USD 939 million by 2025,
according to a new report by Grand View Research, Inc. Linseed oil
is naturally derived from dried flax seeds by the process of
pressing and solvent extraction. Increasing investments in plant
facilities for the production of flaxseeds are projected to propel
the market over the foreseeable period.
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Linseed oil is largely used for manufacturing products such as
paints, putty, wood finish, nutritional supplement, food
processing, flooring, and linoleum. It is used as a drying oil in
wood varnish finishing pigment binder in oil paints due to its fast
drying, bonding, and film forming properties.
Linseed is rich in nutrition and fiber content along with
vitamins and essential fatty acids, which increase its demand in
the market in nutritional supplements industry. Increasing
suppliers of flax are expected to drive the market over the coming
years. Growing awareness regarding the use of flax oil for weight
reduction, healthy hair, and dandruff removal is projected to
propel the market growth.
The rising number of R&D activities and mergers &
acquisitions carried out by companies, such as Archer Daniels
Midland (ADM) Company, Cargill, Incorporated, and Henry Lamotte
Oils GmbH, to enhance the product portfolio is projected to propel
the market over the next eight years. Growing crop harvest, yield,
and production of oil from flaxseed crop in the U.S. are projected
to spur the North American regional segment.
Browse full research report with TOC on
"Linseed Oil Market Analysis By Application (Paints &
Varnishes, Flooring, Processed Food, Cosmetics, Pharmaceuticals),
By Region (North America,
Europe, Asia Pacific, CSA, MEA), And Segment
Forecasts, 2014 - 2025" at:
http://www.grandviewresearch.com/industry-analysis/linseed-oil-market
Further Key Findings From the Report Suggest:
- The global demand was valued at USD 720
million in 2016 and the market is expected to record a CAGR
of 3.0% over the forecast period
- Increasing awareness regarding the medical benefits offered by
this oil as cancer & cellulite fighter and heart health booster
is expected to propel the market growth
- Paints & varnishes emerged as the largest application
segment and generated a revenue of USD
211.09 million in 2016
- The growing number of manufacturers and suppliers of flaxseeds
for the production of linseed oil is anticipated to spur market
growth over the forecast period
- Regulation directives have been provided by Occupational,
Safety & Health Administration (OSHA) in the U.S. for the
industrial hygienists on extracting oil from flaxseeds
- Asia Pacific was the
significant regional segment in 2016 and is anticipated to hold a
considerable share in the market, reporting an estimated CAGR of
around 3.4% in terms of revenue over the forecast period
- Increasing demand from paints and food processing end-use
industries is projected to drive the Asia
Pacific regional market
- Growing demand from the U.S. and Canada for the product as a varnish for wooden
products is projected to boost the industry
- In September 2013, Cargill
rebuilt and expanded its oilseed processing plant in West Fargo,
which processes sunflower and canola seeds into edible oil for food
processing business, flaxseed for linseed oil for industrial use,
and protein meal for animal feed
- Players operating in the market include Gustav Heess GmbH;
Henry Lamotte Oils GmbH; Krishi Oils Limited; Cargill, Inc.; Archer
Daniels Midland (ADM) Company; Natrol, LLC.; and Natural Factors,
Inc.
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Grand View Research has segmented the global linseed oil
market on the basis of application and region.
- Application Outlook (Volume, Thousand Tons; Revenue, USD
Million; 2014 - 2025)
- Paints & varnishes
- Flooring
- Processed food
- Cosmetics
- Pharmaceuticals
- Others
- Regional Outlook (Volume, Thousand Tons; Revenue, USD
Million; 2014 - 2025)
- North America
- Europe
- Asia Pacific
- Central & South
America
- Middle East & Africa
Read Our Blog By Grand View Research:
http://www.grandviewresearch.com/blogs/bulk-chemicals
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company
provides syndicated research reports, customized research reports,
and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant
and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: http://www.grandviewresearch.com