Key players in the linseed oil market are Cargill, Inc., Vandeputte Oleochemicals, Gustav Heess Oleochemische Erzeugnisse GmbH, Henry Lamotte Oils GmbH, KH Chemicals, Archer Daniels Midland (ADM) Company, Shape Foods, Inc., Jamieson Natural Sources, Falcon, and ConnOils, LLC.
Of late, linseed oil is also marking widespread presence as a preservative for wood, and concrete, and is extensively employed as an ingredient in varnishes, paints, and stains. The linseed oil market will also be favored by the increasing production of flaxseed, mainly in countries like Canada, India, and China. As per the Saskatchewan Flax Development Commission, Canada accounts for over 40% of the total flaxseed production across the world.
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Additionally, linseed oil can be touted as a slow-drying liquid that has good preservative properties and water resistance. It is also increasingly used in traditional oil gilding to stick sheets of gold leaf to the substrate.
Here is a list of a few notable trends that will reshape the development of this industrial space in the forthcoming years.
- Wood applications of boiled linseed oil
The boiled linseed oil industry is set to witness lucrative expansion, impelled by the increasing need for wood preservatives and additives that offer faster and easier coating of wood. This type of linseed oil is mainly used as it imparts a mellow and patinated finish to the new or bare interior wood. It is often accounted as superior quality oil which is employed as a traditional sealer for stone floors, terracotta tiles, and other porous surfaces before waxing.
Given the presence of natural fungicides, solvents as well as driers, boiled linseed oil helps the coating to dry faster. It is also a well-known contributor to timber treatment and is used as a binder for paints.
- Potential in the pharmaceutical sector
On account of its rich omega-3 fatty acid content, the linseed oil market is set to expand owing to multiple health benefits, like lowered inflammation. With the rising consumer attention towards restricting the occurrence of heart diseases and cancer risks, linseed oil is growing increasingly popular in the medicinal sector.
It is also widely used for diabetic control as it slows down digestion while avoiding a spike in blood sugar levels. It is adopted as a demulcent and as poultice for gouty and rheumatic swellings. Considering its emollient, diuretic, expectorant, as well as laxative properties, it is also utilized externally in lotions and liniments.
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- A big booster in the cosmetic landscape
The linseed oil industry is expected to witness notable proceeds across the cosmetic industry, driven by the growing demand for skin-conditioning agents. As this oil is rich in essential fatty acids, minerals, and vitamins that help nourish and moisturize as well as hydrate the skin, it is used in a variety of skincare products. It limits the appearance of unwanted skin discolorations and blemishes as it is naturally abundant in vitamin E. Increasing adoption owing to its soothing, softening, and calming properties will also drive the product demand in the long run.
In essence, linseed oil finds wide application as a drying oil vehicle in various specialty items, like lacquers, enamels, linoleum, oil clothing, tarpaulins, patent leather, tenting, textiles, soaps, printing inks, and shoe polish. Growing demand in several industrial purposes, including linoleum floor covering on account of its high iodine value, will further favor the linseed oil market growth.
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