Linseed Oil Market - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027

  • To Be Published : Aug 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

The global linseed oil market size is expected to witness potential gains in the future and register a significant CAGR of 3.1% over the forecast period (2019 - 2027).

Market Overview

Linseed oil, also known as flaxseed oil, is a natural oil that is extracted from flax seeds. The majority of commercially grown flax seed contains 40–45% of oil and 20–25% protein per weight. Linseed oil contains alpha-linolenic acid (ALA), an n−3 fatty acid essential good health of heart. The oil also contains polyunsaturated omega-3 and omega-6 fatty acids that enhance eye health and prevent inflammation in arteries.

Market Dynamics

Increasing consumption of linseed oil, due to its several health benefits is a major factor that is expected to boost growth of the global linseed oil market over the forecast period. The presence of ALA and omega-3 in linseed oil aids in reducing inflammation, protects brain against ageing, and improves hearth health. Several studies are focused on providing strong evidence of reduced cancer cell growth due to consumption of linseed oil. This in turn may offer lucrative opportunity for the market players.      

Linseed oil is also used for the protection and maintenance of interior and exterior wood. It dries slowly and shrinks upon hardening when used as a wood finish. Linseed oil is also used in certain paints and as a binder for oil paintings. Therefore, increasing demand for linseed oil from the wood and paint and coatings industries is expected to boost growth of the market over the forecast period.  

Market Outlook

On the basis of region, the market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Asia Pacific. The market in North America is expected to witness significant growth, owing to increasing inclination of the populace to health food and high prevalence of cardiovascular diseases. Favorable U.S. Food and Drug Administration regulations on the production of oil crops is also expected to boost the market growth in North America. Application of linseed oil in conventional putty is expected to boost growth of the market in Asia Pacific. Growing paints and coatings industry and increasing demand for linseed oil for wood furnishing is also expected to boost the market share of Asia Pacific. The market in Europe is majorly driven by increasing production of linseed in the region         

Key Players

Major players operating in the global linseed oil market include, Cargill, American Linseed Oil Co., and Krishi Oils Ltd.

Research Methodology

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  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
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  • Scientific journals, and other technical magazines and whitepapers.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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