The latest market report published by Credence Research, Inc. “Linseed Oil Market: Growth, Future Prospects, and Competitive Analysis, 2019 – 2027” the Linseed oil market was valued at US$ 766.82 Mn in 2018 and expected to grow at a CAGR of 3.2% during the forecast period from 2019 to 2027.
“New product launches by top manufacturers support the growth of the market”
Expanding interests in crop yield and gathering exercises for flaxseed creation in the U.S., Canada are anticipated to go about as significant driving variables for the North American territorial portion throughout the following barely any years. The developing number of R&D exercises related with the creation of linseed oil utilized in different applications are probably going to emphatically affect the item request. LINSEED oil launch, company aims to expand its product portfolio to satisfy the growing demand for LINSEED oil in the U.S. market and internationally.
Linseed oil is utilized in assembling of various items including clay, paints, skimming, wood finish, floor materials, national enhancement, tile and nourishment preparing. The oil in relationship with various kinds of pitches and solvents is utilized in making tile, impregnators and varnish for different modern raids. The different health advantages of the oils have made one fully aware of its rising appropriation in production of dietary enhancements. Studies recommend that the oils are useful in diminishing danger of malignant growth and cardiovascular ailments. Likewise, polymerization property of linseed oil to change structure and mix with different solvents and pitches as impregnators and flooring in paints and coatings parts are prevented to drive development. Linseed Oil partakes underway of different oils having properties of holding, crushing, hardening and catalyzed restoring.
Top manufacturers of Linseed oil are focusing to increase their product portfolio by launching new products in the market.
- In April 2016, Oricalcum launched a new linseed oil paint. The Oricalcum linseed oil can be applied to any of the surface and enables protection from wind and weather.
- In July 2019, bestsource nutrition launched vegetarian flaxseed oil capsules. The new capsule are 100% vegetarian and contains tocopherol capsules. The capsules are good source of omega 3 and is good for skin and hearth health.
Key Market Movements:
- Globally, the linseed oil market is rising at a CAGR of 3.2% for the estimated period from 2019 to 2027
- Asia Pacific dominated the global Linseed oil market in the year 2018 and expected to continue its dominance during the forecast period. The dominance supported by factors such as rising demand for linseed oil from china supports the growth of the segment.
- The application segment sub-divided into pharmaceuticals, processing food, flooring, paints & varnishes, cosmetics and others. The paints & varnishes holds the largest share in 2018 and expected to continue its supremacy during the forecast period.
List of Companies Covered:
- Cargill, Incorporated.
- Bartoline ltd.
- Grupo Plimon
- Rapunzel Naturakost
- Bioriginal Foods & Science Corp
- Nature’s Brand, Inc.
- Linolie Danmark Aps.
- Gustav Heess GmbH
- Henry Lamotte OILS GmbH
- Natrol, LLC
Browse the full report at https://www.credenceresearch.com/report/linseed-oil-market
The Global Linseed Oil Market is Segmented into:
|Segmentation||By Application (2017–2027; US$ Mn)|
|By Distribution Channel (2017–2027; US$ Mn)|
|By Geography (2017–2027; US$ Mn)|
*Complete segmentation list is on report page