Linseed Oil Market 2021 With Top Countries Data: Aiming on Regional Conditions, Competitors, Product Price, Profit, Capacity, Production and Future Forecast to 2030

In a recent published report, Kenneth Research has updated the market report for Linseed Oil Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Linseed Oil Market products.

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According to the statistics by the Food and Agricultural Organization (FAO) of the United Nations, the total amount of pesticides used around the world grew from 3,089,827 tonnes in 2000 to 4,122,334 tonnes in 2018. Moreover, amongst all the continents that used pesticides, Asia registered as the largest user of pesticides by attaining a share of 52.4% in the year 2018. It was followed by the Americas, Europe, Africa and Oceania with 32.3%, 11.6%, 2% and 1.7% respectively. The statistics also stated that China was the largest user of pesticides amongst all the nations worldwide, utilizing 1,763,000 tonnes of pesticides for agricultural use.

The global linseed oil market is anticipated to reach USD 961.4 million by 2026, according to a new study published by Polaris Market Research. The linseed market has been growing reasonably at an average rate compared to the other edibles oils market. Demand from a wide range of end-use products such as paints & coatings, varnishes, organic packaged food, pharmaceuticals, flooring etc. has been increasing over the past few years however a bit sluggish though. Organic linseed oil that are unrefined and cold pressed are widely made available in the present linseed market scenario owing to its positive role in human nutrition as demand for organic food products has grown significantly. Linseed oils of the food grade are significantly rich in fatty acids. Alpha linolenic acid present in the product is a type of omega-3 fatty acids that are beneficial for a healthy heart.

The product also possesses antioxidant properties owing to the presence of lignans are beneficial to avoid deadly diseases like cancer. The oil also acts as a natural laxative as it is also capable of alleviating inflammation and pain of body parts in sever situations. Some of the other categories of fatty acids present in the products include oleic acid that helps in cutting down cholesterol levels, linoleic acid that has anti-inflammatory properties, and stearic Acid that assists in lowering cholesterol and palmitic acid which acts as a mild antioxidant. Such nutritional and health benefits have propelled product use in several food and pharmaceutical product application thus driving its demand.

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Linseed oil use for manufacturing of paints has been a very traditional practice, but with the growing application of petrochemical or solvent based paint products, the popularity or use of linseed oil decrease during the last decade. However, owing to rising concerns over VOC content and sustainable paint solutions use of these products in the paint industry has increased again. Functional advantages such as raw linseed oil penetrates the paint surface much better compared to the synthetic ones that normally forms a surface film. This characteristic of the product results in much longer life span. Linseed oil paint preserves the wood and does not flake or peel. The product also contains naturally occurring ‘inorganic’ pigments that creates color. These pigments include all of the earth pigments, zinc oxide, iron oxide, cobalt and titanium oxide and are normally stable to light and air and function best with the linseed oil. These properties make it one of the suitable raw material ingredients for the paint industry.

The Asia Pacific region was the largest market in global linseed oil the region’s growing packaged food processing industry, paints & coatings, pharmaceutical industries etc. are the major driving sources of demand of these products. China, India, Malaysia, Japan, Indonesia etc. are not only the major consumers but also leading producers globally. Europe and the U.S. has also been the leading market for linseed oil seeds, however the scenario has changed over the recent past. The significantly increasing rate of industrialization in Asia Pacific region has attracted numerous manufacturers which have turned it into a major exporter of the products.

Some of the leading industry players in the linseed oil market include Barlean’s, Bioriginal Food & Science Corp, Natural Factors Inc., Natrol LLC, Archer Daniels Midland (ADM) Company, Cargill, Incorporated, Krishi Oils Limited (KOL), Henry Lamotte Oils GmbH, Gustav Heess GmbH and granoVita.

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