The Global Boiled Linseed Oil Market size is expected to grow at a CAGR of 5.8% during the forecast period, with raw boiled linseed oil accounting for four-fifths of the market share by 2028. The Asia Pacific will be the fastest-growing region in terms of demand over this study's forecast period and account for 34.5% of total revenue in 2028.
Boiled linseed oil is a paint and finishing product that has been boiled to remove impurities. It can be used in the manufacture of wood finishes, paints, and as an ingredient in oil-based stains. The benefits of using boiled linseed oil include being able to penetrate deep into porous surfaces; it does not cause finish checking or cracking due to shrinkage; reduces gloss loss on oily woods such as teak; increases stain resistance properties in sealers; improves water repellency without increasing film thickness; provides greater adhesion for subsequent coats when applied over priming coatings and more.
On the basis of Type, the global boiled linseed oil market is segmented into Raw Boiled Linseed Oil and Mixed Boiled Linseed Oil.
Raw boiled linseed oil is a type of boiled linseed oil that contains no solvents or other additives. It has been heated, but it does not have any chemicals added to it. The raw boiled linseed oil is the purest form of this product. It has not been chemically treated in any way, and it can be used for a number of applications including wood finishing. This type of product can be used in the production of paints and coatings without requiring further processing by manufacturers, making it highly appealing for certain industries and applications.
These products are made from both raw and solvent extracted oils typically blended with other materials such as polymers or resins to create certain types of finishes for use on flooring or furniture. They may also contain additives like driers which help speed up drying time after application. When mixed together these ingredients take advantage of each other's properties and provide a long-lasting look that lasts longer than paints alone without having to worry about chipping or peeling over time due to the ability to provide a tougher finish.
The use of these materials is primarily found in the furniture and flooring industries for those looking for long-lasting finishes that are both easy to apply as well as maintain over time. The continued growth of this market segment can also be seen as an opportunity by manufacturers who continue to innovate with new methods or ways of applying these products which help reduce labor costs, material usage, etc.
On the basis of Application, the global boiled linseed oil market is segmented into Wood Finishing, Shipbuilding, Others. The wood Finishing segment is the largest application of boiled linseed oil. Boiled linseed oil provides a protective coating that inhibits warping and general degradation of wood over time, which can be attributed to its low-viscosity properties as well as its natural drying process. Boiled linseed oil is also used as a wood preservative on ships. Boiled linseed oil's low viscosity and drying rate make it an ideal solution for shipbuilding applications to seal the hull, maintain durability, and protect against weathering due to seawater exposure.
On the basis of Region, the global boiled linseed oil market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America leads in terms of revenue share and there are many opportunities for this region to grow rapidly due to less competition from other regions but it's benefitting mainly on account of wood finishing industry with a majority share whereas Europe trails behind global trends; the Asia Pacific is also showing promising future owing to rising use across furniture & shipbuilding industries.
North America is the largest market for boiled linseed oil due to the increased export of raw and mixed boiled linseed oils from the U.S., Canada, Mexico, Chile, and Uruguay. Latin America region has huge demand and high growth potential because of its lower consumption rates which are expected to drive the market globally.
Europe was the second-largest market in terms of volume share due to rising demand across different industries such as wood finishing industry; shipbuilding industry; furniture industry, etc.; however, Asia Pacific dominates the global market with a huge population base and increased use in countries like China India & Indonesia will drive this region’s growth during the forecast period 2021-2028.
Middle East & Africa accounts for comparatively low quantity because it lacks infrastructure facilities required by boilers which can produce sufficient amount of quality boiled linseed oil needed within its borders but other regions are having some positive traction as well.
There will be increasing demand for customized and eco-friendly products in order to meet changing consumer preferences, which also have an impact on growth. Moreover, the growing construction industry has led to increased use of this product as raw materials for wood finishing paint applications. Boiled Linseed Oil can be used as a binder or filler in paints depending on their nature. An increased focus on using eco-friendly products for various applications is one of the factors that will impact this market's growth over time.
Up Market Research published a new report titled “Boiled Linseed Oil Market research report which is segmented by Types (Raw Boiled Linseed Oil, Mixed Boiled Linseed Oil), By Applications (Wood Finishing, Shipbuilding, Others), By Players/Companies Klean Strip, Jasco, Liberon, Sunnyside Corporation, Crown”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Boiled Linseed Oil Market Research Report |
By Type | Raw Boiled Linseed Oil, Mixed Boiled Linseed Oil |
By Application | Wood Finishing, Shipbuilding, Others |
By Companies | Klean Strip, Jasco, Liberon, Sunnyside Corporation, Crown |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 223 |
Number of Tables & Figures | 157 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Raw Boiled Linseed Oil, Mixed Boiled Linseed Oil and By Application Wood Finishing, Shipbuilding, Others.
Some of the companies that are profiled in this report are:
Boiled Linseed Oil Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Boiled Linseed Oil Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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