New York, NY Dec 12 2019: The global linseed oil market is
anticipated to reach 1,141.8 million by 2026 according to a new study published
by Polaris Market Research. The report “Linseed Oil
Market Share, Size, Trends, Industry Analysis Report By Application Type
(Processed Food, Paints & Varnishes, Cosmetics, Flooring, Pharmaceuticals
and Others); By Regions, Segments & Forecast, 2019 – 2026” provides
a complete analysis of present market trends and future insights.
A rising application
for linseed oil in numerous industries including food, cosmetics, and
pharmaceuticals as the striking industries, are expected to drive market
demand. The product is growing at an average rate as compared to other edible
oils in the market. Demand of a range of end-use products such as paints and
coatings, varnishes, organic packaging, pharmaceuticals, flooring etc. has been
increasing steadily.
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Organic Linseed oil
that is unrefined and cold pressed is widely made available in the present
market setup owing to its positive role in human nutrition. Thus, demand for
organic food products has grown inimitably. The products of the food grade are
significantly rich in fatty acids. Alpha linoleic acid present in the product
is a type of fatty 3 acids that are beneficial for a healthy heart.
The presence of
lignans in linseed oil gives it the much sought-after antioxidant properties
that allay fears of the deadly disease like cancer. The product also behaves as
a natural laxative by alleviating inflammation and body pain in severe
situations. Some of the other categories of fatty acids present in the product
and transmitting its properties include oleic acid which assists in bringing
down cholesterol levels, linoleic acid that has anti-inflammatory properties.
There are other categories included in the product also such as
stearic acid and palmatic acid, one helping reduce cholesterol levels and the
other acting as an antioxidant respectively. These health potions provided by
product propel the product’s use in several food and pharmaceutical product
applications thus boosting demand.
The product has
dispelled thoughts of usage of petrochemical or solvent based paint products
because of Volatile Organic Content (VOC) within them and question of
sustainable paint solutions. So, the product has found trust back in the paint
industry again.
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Raw product pierces
the paint surface much better than synthetic ones which normally form a paint
film. This characteristic tends for the product to increase its life span. The
product’s paint has a unique characteristic of preserving the wood without
peeling or flaking. The product also contains natural color forming pigments.
Zinc Oxide, Iron Oxide, Cobalt and titanium oxide are normally stable to light
and air and are one with the color forming pigments and work best with linseed
oil. Hence with so many properties going for the product, it makes linseed oil
one of the prime raw materials for the paint industry.
Asia Pacific region
has been the biggest player in product’s industry with region’s growing food
processing industry, paints and coatings, pharmaceuticals industry giving
region a successful run. China, India, Malaysia, Japan, Indonesia are both
largest consumers and biggest producers globally.
Europe and the U.S.
have been leading players in linseed oil market but of late, with Asia Pacific
in the fray, the global landscape is now dotted with many more major players.
Asia Pacific now touted as a major industrial hub; the region has sprouted many
manufacturers who have turned into significant exporters of the
product.
The key industrial
players in market include Barlean’s, Bioriginal Food and Science Corp, Natural
Factors, Inc., Natrol LLC, Archer Daniels Midland (ADM) Company, Cargill,
Krishi Oils Limited (KOL), Henry LaMotte Oils GmbH, Gustav Heess GmbH and
granoVita.
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