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Linseed oil Market size to exceed $4.25bn by 2028

  • Published Date: May 5, 2022

Linseed oil Market size is set to surpass USD 4.25 billion by 2028, according to a new research report by Global Market Insights Inc.
 

The linseed oil industry is expected to gain a significant momentum over the forecast period owing to a surge in the demand for healthy food with the rising population. In recent years, the agriculture industry witnessed a substantial development for the production of organic inputs to improve the domestic crop production. Companies are investing heavily in research & development of new products to gain a competitive advantage in the market.
 

Linseed oil is also known for its anti-inflammatory, wound healing, and regenerative properties. It also contributes to the nourishment of hands and nails as it softens the texture of the hands & cuticles and strengthens the nails. The growing cosmetic industry and the rising skincare product segment are projected to propel the linseed oil market expansion.
 

The formulation of appropriate regulations will also impact the pricing trends of linseed oil. Manufacturers are likely to form strategic alliances, creating greater opportunities for the development of the linseed oil industry during the projected time frame. Additionally, advanced farming practices are anticipated to shift the focus of farmers toward the increased production of linseed oil to maximize the per hectare yield and improve raw material availability.
 

Diversified applications of stand linseed oil in the sports goods industry for the maintenance of sports equipment will foster product demand

Linseed oil market from stand oil segment is poised to reach USD 830 Million by 2028, growing at a CAGR of 5%. This is owing to high consumer preference towards emerging usage in industrial sealants, lubricants, and Printing ink resins. Stand oil is used in the paint industry as it dries faster as compared to raw linseed oil. In the construction industry, it is used in earthen floors, concrete, as an additive for glazing putty, for maintaining wooden tools & articles, and as a wood preservative.
 

Additionally, it is used as an alternative to solvent-based products specially designed for polishing, sealing, finishing varnishing, and waxing. Stand linseed oil enhances the oil paint traits and enables the removal of deformities. It has a higher viscosity and faster drying time as compared to other types of linseed oil, which is accelerating the business landscape.
 

Browse key industry insights spread across 220 pages with 162 market data tables & 31 figures & charts from the report, “Linseed Oil Market Analysis By Product Type (Raw Linseed Oil, Stand Oil, Boiled Linseed Oil), Application (Paints & Varnishes {Paints, Lacquers, Wood Protection}, Food, Animal Nutrition & Care, Cosmetics, Pharmaceuticals), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2028” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/linseed-oil-market
 

Animal nutrition and care applications segment is predicted to surpass USD 220 million by 2028, owing to growing use for a wide range of animal nutrition & care products for beef cattle, dairy cattle, dogs, goats, horses, sheep, and swine. It is used to increase the omega-3 content in the poultry feed for enriching health and performance. Moreover, rising focus towards enhancing animal health and productivity should accelerate the demand for linseed oil over the next few years.
 

Strong growth of the rising heath and dietary concerns in North America will foster market statistics

North America linseed oil market is projected to witness 12% CAGR during the analysis timeframe owing to its increasing raw material production and flourishing application industries such as paints, nutritional supplements, and cosmetics. Moreover, increasing investments in crop yields & harvesting practices for linseed production in Canada and the U.S. are anticipated to drive the regional market outlook.
 

Furthermore, the increasing number of R&D activities to develop linseed oil used in various applications is expected to have a positive effect on product demand. The U.S. Food and Drug Administration imposed favorable regulations for increased production and enhanced quality of oil crops. This will further have a positive impact on the market value.
 

Key market participants in linseed oil market are Cargill, Inc., Vandeputte Oleochemicals, Gustav Heess Oleochemische Erzeugnisse GmbH, Henry Lamotte Oils GmbH, KH Chemicals, Archer Daniels Midland (ADM) Company, Shape Foods, Inc., Jamieson Natural Sources, Falcon, and ConnOils, LLC, Krishi Oils Limited, and Naturata AG.
 

Several market players are also involved in various strategies and initiatives including technological advancements, product launches, and mergers & acquisitions in order to gain substantial market share. For instance, in February 2022, ADM to Discuss Strategic Progress at Bank of America 2022 Global Agriculture and Materials Conference. This will help the company to expand a positive path for Ag Services & Oilseeds product outlook for the achievement of futuristic goals.
 

Authors: Kunal Ahuja, Sarita Bayas