Linseed oil is a crucial oil extracted from the flaxseeds, which undergoes through a solvent extraction process that makes it best-suited for a number of applications in industries such as pharmaceuticals, cosmetic, food and beverage, flooring, paint and varnish, and others. The linseed oil possesses a peculiar property of polymerizing into solid form and acts as an excellent impregnator when blended with solvents or resins.
Sales of linseed oil have been soaring with the broadening scope of nutrition in the food and beverage industry. Rising affinity of consumers towards healthy diet has generated a notable demand for linseed oil, which significantly helps in controlling cancer and heart diseases, owing to its characteristic to act as a natural laxative. Surging adoption of linseed oil as dietary supplements in the nutraceutical and pharmaceutical industry is anticipated to drive promising growth opportunities to the linseed oil market during the projected timeframe.
Fluctuating prices of flaxseed, which is a key raw material used for the production of linseed oil, could impact the price trend of the linseed oil market. However, technological advancements coupled with stringent environmental regulations legislated by the governments of numerous countries against the use of artificial substitutes are expected to iron out the creases that prevent the seamless growth of the linseed oil market.
Cosmetics Industry to Drive Healthy Growth Opportunities for the Linseed Oil Market
Rising drift of consumers towards organic cosmetic products has enabled linseed oil to emerge as a suitable substitute of synthetic cosmetic products with a rich concentration of alpha-linolenic acid (ALA) and vitamin E. Alongside, proliferated rate of adoption of linseed oil in the cosmetic industry can be attributed to its skin softening, moisturizing, and nourishing effects that possess anti-inflammatory, regenerative, and wound healing properties, which in turn boasts its ability to treat flaky, rough, irritated, and dry skin. Consequently, rising demand for products containing linseed oil has encouraged the manufacturers of cosmetic products to utilize the product for the manufacturing of shampoos, masks, and moisturizing creams, which is predicted to supplement promising growth prospects to the linseed oil market.
Advancements in the Automobile Industry to Bode Well for the Growth of the Linseed Oil Market
With the perpetually surging demand for vehicles, on account of the growing population, the automobile industry has been evolving at an accelerated pace. Demand for vehicles with unique and sophisticated designs from the consumers have been noted by the manufacturers, which has resulted in the use of linseed oil for coating the vehicles. On the back of the far-reaching capabilities of linseed oil, use of the products remains highly underpinned by the automotive designers, which is expected to lend healthy growth prospects to the linseed oil market.
North America to Hold Healthy Growth Opportunities for the Linseed Oil Market
Growing demand for sophisticated wooden interiors in parallel to the burgeoning popularity of wooden products in North America is anticipated to bolster the growth of the linseed oil market during the forecast period. Rising trends of urbanization and industrialization has caused an acute surge in the constructional activities, which has been generating an upward demand curve for linseed oil for its application in flooring, painting, and varnishing. A large concentration of manufacturers and distributors in this region coupled with the growing awareness pertaining to the health benefits of the product is anticipated to positively influence the linseed oil market growth.
Linseed Oil Market – A Glance at the Competition Landscape
The linseed oil market sports numerous significant players, which include Cargill Inc., Archer Daniels Midland Company, Heess GmbH, Krishi Oils Limited, ADM, Bioriginal Food and Science Corp., OPW Ingredients GmbH, Natural Brand, Linolie Danmark Aps, Spectrum Chemical Mfg. Corp., OmegaFactors, GranoVita, Natrol LLC, Bartoline Limited Henry Lamotte Oils GmbH, AOS Products Pvt. Ltd., Vandeputte Group, Sanmark Corp., Merck KGaA, Hangzhou Choisun Bio-Tech. Co. Ltd., Alberdingk Boley GmbH, and Grupo Plimon. These companies have been striving to cement their positions in the linseed oil market by engaging in strategic mergers and acquisitions, joint ventures, diversification of their product portfolio, and expansion of their global reach. A large number of companies functioning in the linseed oil market employ investment and expansion strategy with an aim to augment their production capabilities and venture into the emerging markets.
Linseed Oil Market – Report Description
A recently published report by Persistence Market Research offers an incisive look of linseed oil market. This comprehensive report covers several key facets influencing the growth of this linseed oil market during the forecast period. The report offers a historical analysis between the period of 2013-2017 and forecast for the period 2018-2027. The market forecast has been estimated in terms of value (US$) and volume (metric tons).
A brief outlook on the drivers, restraints, opportunities, and threats influencing the growth of linseed oil market is included in the report. Recent developments and trends prevailing in linseed oil market are also included in this report. This exhaustive study on the linseed oil market is bifurcated into various chapters for offering a thorough understanding and enhanced clarity on every aspect reflecting on the growth of this linseed oil market.
Linseed Oil Market – Executive Summary
The report begins with an in-depth executive summary, which includes some of the significant findings of linseed oil market along with the market estimation and associated growth rates. The subsequent chapter of the report consists of studies several relevant influencers such as GDP, per capita spending, policy developments, regulatory scenario, and supply chain analysis. This information will help the key stakeholders of this linseed oil market with precise and comprehensive data pertaining to the market.
Linseed Oil Market - Segmentation
A detailed market taxonomy is included in the report, which aims at offering a comprehensive understanding of the market and its dynamics during the forecast period. The linseed oil market is classified on the basis of the end use, product type, nature, distribution channel, and region. The following sections of the report comprise of a comprehensive analysis of each of the market division. Each of these regions has been analyzed depending upon the CAGR, absolute dollar opportunity, year over year growth prospects, and volume. Geographically, the linseed oil market is studied for the region such as North America, Europe, Latin America, Japan, Asia Pacific Excluding Japan, and the Middle East and Africa.
For estimating the size of linseed market, several countries and regions have been taken into account in parallel to the production of a number of linseed by-products. The production of linseed oil has been estimated based on the various types of extraction methods. In order to cement the data obtained by analyzing the yield of linseed oil, consumption of linseed oil has been taken into consideration. Regional production in parallel to the consumption trends of linseed oil was taken into consideration for estimating the size of the market.
Linseed Oil Market – Competition Analysis
The report also offers a dashboard view of the significant players operating in linseed oil market. Key metrics pertaining to the performance of these players have been included in this report, which consists of financial information, SWOT analysis, strategy overview, market share, regional presence, product portfolio, and recent development. The significant players working in linseed oil market include Grupo Plimon, Alberdingk Boley GmbH, Hangzhou Choisun Bio-Tech. Co. Ltd., Spectrum Chemical Mfg. Corp., Sanmark Corp., Vandeputte Group, OPW Ingredients GmbH, AOS Products Pvt. Ltd., Bartoline Limited, Henry Lamotte Oils GmbH, Merck KGaA, Natrol LLC., GranoVita, OmegaFactors, Linolie Danmark Aps, Natural Brand, Bioriginal Food and Science Corp., ADM, Krishi Oils Limited, Gustav Heess GmbH, Archer Daniels Midland Company, and Cargill Inc.
Most of the significant players functioning in the linseed oil market have been concentrating on strategic mergers and acquisitions, joint ventures, productive collaborations, and partnerships to strengthen their foothold in the linseed oil market. Hefty investments have been made and the spending capacities have been enhanced to support the research and development activities.
Linseed Oil Market – Research Methodology
The skilled research analysts of Persistence Market Research have developed this report by interpreting insightful data from a number of reliable sources. A number of ‘tried and tested’ research methodologies have been employed to obtain the most precise of the data, which are then consolidated, interpreted, and compiled by the analysts. Various sources such as government websites, annual reports of the company, publications, press releases, directories, and online databases have been leveraged to validate the data. Intelligence obtained from these sources is then verified by conducting interviews from primary and secondary sources.