Linseed Oil Market is estimated to be US$ 4.67 billion by 2030 with a CAGR of 5.7% during the forecast period

 

Linseed Oil Market accounted for US$ 2.7 billion in 2020 and is estimated to be US$ 4.67 billion by 2030 and is anticipated to register a CAGR of 5.7%. Linseed oil is yellowish drying oil obtained from flaxseed and used especially in paint, varnish, printing ink, and linoleum. Linseed Oil is also used in the traditional oil gliding to stick sheets of gold leaf. Further, Linseed oil market is expected to see economic opportunities in the estimate period owing to its rising application in coating industry and paint application. Moreover, Linseed oil is also used in production of other oils.

The report " Global Linseed Oil Market, By Nature (Organic and Conventional), By Product Type (Raw Linseed Oil, Boiled Linseed Oil, and Double-boiled Linseed Oil), By Application (Dietary Food, Pharmaceuticals, Paint and Textile Industry, Leather Industry, Animal Feed, Personal Care, and Processed Food), By Distribution Channel (Online Retailers, Grocery Stores, Wholesalers, and Supermarkets), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030’’

Key Highlights:

·         In May 2021, Cargill and Frontline International Partnered to Develop Automated Cooking Oil Management System, the Kitchen Controller system simplifies cooking oil management by automating the oil filtering and replacement process. The Kitchen Controller system simplifies cooking oil management by automating the oil filtering and replacement process.

Analyst View:

The market is anticipated to grow during the forecast period due to rising demand from the paints and coatings sector as a varnish and a drying lubricant. Linseed oil's ability to polymerize into solid form and its use as an impregnator for a variety of solvents and resins are expected to drive market expansion in the paints and coatings industry. Other oils with qualities like bonding, grinding, tempering, and catalysed curing are also produced using it.

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Key Market Insights from the report:

Global Linseed Oil Market accounted for US$ 2.7 billion in 2020 and is estimated to be US$ 4.67   billion by 2030 and is anticipated to register a CAGR of 5.7%. The Global Linseed Oil Market is segmented based on Nature, Product, Application, Distribution Channel and region.

·         Based on Nature, Global Linseed Oil Market is segmented into Organic and Conventional

·         Further Based on Product Type, Global Linseed Oil Market is segmented into Raw Linseed Oil, Boiled Linseed Oil, and Double-boiled Linseed Oil

·         Based on Application, Global Linseed Oil Market is segmented into Dietary Food, Pharmaceuticals, Paint and Textile Industry, Leather Industry, Animal Feed, Personal Care, and Processed Food.

·         Based on Distribution Channel, Global Linseed Oil Market is segmented into Online Retailers, Grocery Stores, Wholesalers, and Supermarkets.

·         By Region, the Global Linseed Oil Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Global Linseed Oil Market:

The prominent players operating in the global linseed market includes Gustav Heess GmbH & Co. KG, Henry Lamotte Oils GmbH, Natrol LLC, WS Lloyd Limited. Krishi Oils, Ltd., American Linseed Oil Co., Cargill Incorporated, Archer Daniels Midland Company, Bartoline Limited, and Henry Lamotte Oils GmbH.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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