Global Linseed Oil Market to be Driven by Rising Demand in Paints and Coatings Industry

2024-11-07 05:21:02 Lifestyle

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The global market for linseed oil is the focus of study of a detailed market research report by Transparency Market Research. The report presents an expansive overview of the market and presents detailed data pertaining to crucial market elements and their state in the past and present times.

The report is titled ?Linseed Oil Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 ? 2020.?

The report states that the global linseed oil market is driven primarily by its large-scale use as a varnish for the treatment of wooden products. As linseed oil is absorbed by wooden surfaces, it does not form a solid film coating and also provides the surface a shining appearance without making it look glossy. Owing to the low cost and easy availability of linseed oil, it is the most commonly used oil for wood treatment.

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Linseed oil also finds several applications in the paints and coatings industry, where it is used as a pigment binder and drying agent, in the wooden #architecture# industry, where it is used as an impregnator and varnish, and for the manufacture of linoleum. For these purposes, linseed oil is mixed or blended with other oils, resins, and solvents. Linseed oil is also extensively used as a binding agent for surface coatings in hard boards.

The use of linseed oil in putty is another major application area of the global linseed market. Linseed oil is added to chalk powder paste for use in installing glass panes in windows. The putty, which dries in a few weeks, can be coated or painted over.

Linseed oil also finds application in the pharmaceutical industry for manufacturing certain medicines and ointments. It is also used as a food supplement and is believed to have anti-cancer qualities.

Apart from these primary applications, linseed oil is also used in the production of inks and certain soaps. In the next few years, the global market for linseed oil is expected to be propelled by its rising demand from the paints and coatings industry.

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The report presents vast data about the regional and global state of demand and consumption of linseed oil for these and other applications.

Major regional markets for linseed oil studied in the report include North America, Europe, Asia Pacific, and Rest of the World. Of these, North America currently accounts for the dominant share in the global market. Europe also accounts for a considerable share in the global market. However, in the past few years, the market for linseed oil has witnessed the fastest growth in Asia Pacific.

Some of the major companies operating in the global linseed oil market are American Linseed Oil Co., Cargill, and Krishi Oils Ltd.