Linseed oils are extensively used in the manufacturing of various products including putty, paints, gliding, wood finish, floorings, nutritional supplement, linoleum, and food processing. The high demand for these oils across various end-user industries can be attributed to their high bonding, polymerizing, and layer formation capabilities. Linseed oil in combination with different types of resins and solvents is used in creating linoleum, impregnators, and varnish for various industrial applications.
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This research report provides an in-depth analysis of the global linseed oil market and its overlying industries. It offers insights into the historic, latest, and expected data and trends of the market in terms of both volume and revenue. It also covers information about the exports and imports, domestic production, price dynamics and turnover of the linseed oil industry. A strategic analysis of key factors impacting the growth of the market is also included in the report. The report profiles key players in the global linseed oil market along with their business strategies, latest developments, and contact information.
The increasing application of linseed oils in various applications such as coating industry and paint application is the foremost factor driving the global market. The increasing awareness about the medical benefits of these oils is boosting its adoption in manufacturing nutritional supplements. Various studies suggest that these oils are helpful in reducing the risk of cancer and cardiovascular diseases. The oil produced through cold pressing method is safe for human as well as animal condition.
Despite the various benefits offered by linseed oils, the eye or skin irritation caused due to their contact is estimated to hamper their adoption in childcare products. Furthermore, linoleum is being largely replaced by PVC, which is adversely affecting the growth of the global linseed oils market. Nevertheless, the manufacturers in the market will be able to see light at the end of the tunnel as PVC is being increasingly banned due to its hazardous impacts on the environment.
Mergers and acquisitions are among the commonly adopted strategies by the key players to stay relevant in the global linseed oil market. They are focusing on extensive research and development in order to introduce and expand new application areas of linseed oils. Some of the prominent players operating in the market are Linolie Danmark Aps, Gustav Heess GmbH, Lamotte-oil, Natrol, WS Lloyd Limited. Krishi Oils, American Linseed Oil Co., and Cargill U.S.