The Linseed Oil market size was valued at US$745.770 million in 2020 and is anticipated to increase at a Compound Annual Growth Rate of 3.22% over the predictive period to reach US$931.227 million by 2027. Linseed Oil (also known as flaxseed oil) is one of the most functional natural oils that can be used in a variety of applications. It can be used to preserve wood, and produce paints, varnishes, resins, soaps, inks, and linoleum. Linseed oil is also edible and can be used to produce dietary supplements.
Uses of Linseed Oil
Paints and Coatings: – Linseed oil paints are similar to traditional paints, but except for using acrylic or polyurethane as a bonding agent, it uses linseed oil. Linseed oil is a drying oil, which means it can combine into a solid-state, making it ideal for use in paints and coatings. It dries to a beautiful, natural, long-lasting finish. Linseed oil paints can be used for both external, as well as internal paint jobs. It can be used for a variety of materials, including wood, metal, bricks, and more.
Linseed oil is also a popular medium used to make oil paints. Linseed oil lowers the drying period of your paint when used for oil painting, which is beneficial when painting in layers. The layers that are painted first would dry faster, allowing other layers to be drawn over them.
Cosmetics: – Linseed oil is a popular cosmetic component for its relaxing, softening, and calming effects. Linseed oil is high in vital fatty acids, vitamins, and minerals, which replenish and moisturize your skin while also keeping it moisturized. Linseed oil is naturally abundant in vitamin E, a powerful antioxidant that helps to fade undesirable skin discolorations and blemishes. Linseed oil helps to balance out skin tone and minimize redness. Linseed oil is one of the few oils that include omega-3 fatty acid alpha-linolenic acid (ALA), which is beneficial to the heart and skin. Anti-aging and moisturizing creams are made using it.
Pharmaceuticals: – Linseed contains linoleic and -linolenic fatty acids, as well as dietary fibers and lignans, which are valuable for one’s health and wellbeing by lowering cholesterol levels, relaxing smooth muscle cells in arteries, and improving blood flow. Fatty acids present in flaxseed are involved in various metabolic activities in the cell, not just as membrane structuring components but also as storage lipids. Flax is a functional food that may be ingested in a number of forms, including seeds, oil, and flour, and can help with basic nutrition. Several flax-based formulations, such as tablets and microencapsulated powders, are currently on the market that can act as nutraceuticals.
Linoleum: – Linoleum is a material most commonly used for floor coverings. It is created from substances such as solidified linseed oil (linoxyn), pine resin, powdered cork dust, sawdust, and mineral fillers such as calcium carbonate. To get the required color finish, pigments are frequently applied to the components. However, the market for floor coverings is on a decline, due to the adaptation of materials such as Polyvinyl chloride (PVC). The usage of PVC is on the rise, mainly due to its bright-looking texture and non-flammable properties. PVC also has similar flexibility and durability to linoleum, which makes it a suitable alternative to linoleum. However, linoleum is a natural product and poses bio-degradable properties, as compared to PVC, which is non-biodegradable.
Dog Supplements: – Dogs require a lot of care and effort to be kept as a pet. Some dogs have strict food diets to maintain their health and physique. Food supplements have become an important part of a pet’s diet, mostly due to the fact that humans and animals have different food requirements and needs. This has led to an increase in demand in the supplementary market and owing to the increasing adoption rates, the supplement market is expected to rise substantially.
Linseed oil contains Omega-3 fatty acids and is an active ingredient in health supplements. Linseed oil helps in providing a shiny look to the dog’s hair, and also in maintaining healthy skin. Since most dogs are unable to adapt to diverse environments, their skin begins to deteriorate, potentially leading to a variety of skin problems. This has led to an increase in demand for linseed oil in the supplementary segment.
The Covid-19 pandemic led to a worldwide slowdown in industries and the global economy. Most markets suffered heavy losses due to the lockdown and social distancing regulations, implemented by governments all over the world. Due to the closure of most major industries, the linseed oil market saw a shortage of raw materials and labor, which also led to an increase in the price of raw materials. This led to a decrease in demand for the linseed oil market. However, as countries have started to relax their covid-19 norms, the industries have started to flourish. Most industries have returned to normalcy, leading to a stable market flow and consumer demand. As industries around the world start to reoperate, the market demand for linseed oil is expected to increase.