Linseed Oil Market: Global Opportunity Analysis and Industry Forecast, 2021-2031 Market

Linseed Oil Market Analysis 2020-2027:

Linseed oil is a colorless to yellowish oil made out of dried, ripened seeds of the flax plant, where it is obtained by pressing, which is sometimes followed by solvent extraction. Linseed oil is also called as flaxseed oil or flax oil, which is edible in nature. Furthermore, linseed oil has wide usage in the making of several products, such as floorings, nutritional supplement, putty, paints, gliding, wood finish, linoleum, and food processing. The elevated demand for these oils in various end-user industries can be attributed to their high bonding, polymerizing, and layer formation capabilities.  Moreover, linseed oil is a drying oil, to be precise it can polymerize into a solid form.

Moreover, linseed oil has wide usage in dietary supplement, as a source of α-Linolenic acid. In Europe, it is by tradition eaten with potatoes, and quark and is viewed as a delicacy due to its hearty taste and ability to enhance the bland flavor of quark. 

COVID-19 impact

• COVID-19 pandemic has severely affected many industries. It has put a halt on the production process as well as led to shortage of raw materials. Thus, hampering the trade cycle. Due to all these factors, linseed oil market is also getting affected. Healthcare industry is continuously growing due to this COVID-19 pandemic and linseed oils have huge application in healthcare industry. However, linseed oil has got many more applications in different industries, which are hampered due to lockdown.
• Therefore, linseed oil market has both positive as well as negative impact of covid-19 on it.

Top impacting factors: market scenario analysis, trends, and drivers

Linseed oil market is anticipated to see lucrative opportunities in the forecasted period owing to its rising application in coating industry and paint application. Linseed oil is also used in production of other oils which have unique properties such as grinding, bonding, tempering, and catalyzed curing. Moreover, its polymer-forming property to polymerize into solid form, which is widely used for blending with various solvents and resins as impregnator and linoleum in paints & coatings sector is anticipated to boost the market growth.

Increasing investment for the production of linseed oil in China is expected to witness robust growth owing to increasing demand for the product from other countries through imports and exports.

Furthermore, rising investment in crop yields and harvesting practices for flaxseed production in the U.S. and Canada is expected to serve in the near future as a major driving force of North America market. Increasing number of R&D activities linked to the development of linseed oil used in different applications is likely to have a positive effect on product demand. Further, favorable regulations have been imposed on the production of oil crops by the U.S. Food and Drug Administration, which are likely to positively impact the market growth.

In addition, growing awareness of the health benefits of these oils is enhancing their adoption in nutritional supplement manufacturing. Studies have indicated that these oils help reduce cancer risk and cardiovascular diseases. The oil produced by means of a cold pressing technique is safe for both human and animal conditions. Linseed oil comes with preventive qualities i.e. prevention from deterioration of concrete and wood surfaces and thus safeguarding the longevity and quality of products coated with the oil. Thus, rise in demand wood finishing is anticipated to boost the linseed oil market. Moreover, linseed oil also find its application in oil paints, soaps, inks, and linoleum as a carrier for making them glossy, transparent, and improving their consistency. 

However, linseed oil is dangerous in nature and can lead to fire. Moreover, it also creates eye and skin irritation, when in contact and thus it can hinder its usage in childcare products. Additionally, linoleum is widely replaced by PVC, which is again restraining the growth of the global linseed oils market.

Key benefits of the report:

• This study presents the analytical depiction of the global linseed oil market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global linseed oil market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global linseed oil market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed global linseed oil market analysis depending on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the linseed oil market research report:

• Which are the leading players active in the linseed oil market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What are the projections for the future that would help in taking further strategic steps?

 Linseed Oil Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights