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(Construction.IndustryNews247.Com, August 30, 2018 ) Industry Outlook and Trend Analysis
The global Flaxseed Oil Market was worth USD 0.65 billion in 2014 and is expected to reach approximately USD 0.84 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 2.87% during the forecast period. Rising demand from paints and coatings industry as a varnish and as a drying lubricant is foreseen to support the market over the gauge period. Flaxseed oil’s polymer-shaping property to polymerize into solid, which is to a great extent made use of for mixing with different solvents and gums as impregnator and tile in paints and coatings division is anticipated to boost the market development. It is additionally used as a part of manufacturing procedure of different oils having properties like tempering, bonding, catalysed curing, and grinding.
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Application Outlook and Trend Analysis
Paints and varnishes was the prevailing application section in 2016 and is foreseen to grow tremendously in the following years. Paints and varnishes are generally used as a part of wood completing as coatings because of their properties. Expanding usage of flaxseed oil in wood finish, food processing, nutritional supplement, putty, paint, gilding, and linoleum are anticipated to support the section growth. It is used as a bearer in oil paints for making them transparent, glossy, and enhancing their consistency. It is likewise used as a part of linoleum, soaps, and inks.
Regional Outlook and Trend Analysis
Asia Pacific was the dominating regional section and represented around 33% of the aggregate income in 2016. Expanding request from China because of large number of manufacturers in this nation is anticipated to impel the regional section over the estimate time frame. Based on construction spending, the most astounding development is foreseen to be focused in the rising economies of Asia Pacific including China, trailed by India and Indonesia.
Competitive Insights
The leading players in the market are Gustav Heess, Henry Lamotte Oils GmbH, Natural Factors Inc, Krishi Oils Limited, Natrol LLC, Cargill Foods India and Archer Daniels Midland. The leading organizations are increasingly investing in joint ventures, acquisitions, and mergers to widen their product offerings, expand their presence globally, and gain a lucrative market share. For example, in August 2017, ADM Company widened its plant-based extraction production line to add antioxidants, acerola, green tea, and tropical fruit blends, which are a rich source of Vitamin C and nutritional ingredients.
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The Flaxseed Oil Market is segmented as follows-
By Application:
Flooring
Processed food
Cosmetics
Pharmaceuticals
Paints & varnishes
Others
Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.1.1. Rising Demand in End-User Industries
3.2.2. Restraints
3.2.2.1. Volatile Raw Material Prices
3.2.3. Opportunities
3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities
4. Flaxseed Oil Market, By Application
4.1. Introduction
4.2. Global Flaxseed Oil Market Sales, Revenue and Market Share By Application (2014-2017)
4.2.1. Global Flaxseed Oil Market Sales and Sales Share By Application (2014-2017)
4.2.2. Global Flaxseed Oil Market Revenue and Revenue Share By Application (2014-2017)
4.3. Flaxseed Oil Market Assessment and Forecast, By Application, 2014-2023
4.4. Flooring
4.4.1. Market Assessment and Forecast, By Region, 2014-2023(Million)
4.5. Medicinal
4.5.1. Market Assessment and Forecast, By Region, 2014-2023(Million)
4.6. Processed food
4.6.1. Market Assessment and Forecast, By Region, 2014-2023(Million)
4.7. Cosmetics
4.7.1. Market Assessment and Forecast, By Region, 2014-2023(Million)
4.8. Pharmaceutical
4.8.1. Market Assessment and Forecast, By Region, 2014-2023(Million)
4.9. Paints & varnishes
4.9.1. Market Assessment and Forecast, By Region, 2014-2023(Million)
4.10. Others
4.10.1. Market Assessment and Forecast, By Region, 2014-2023(Million)
Read More……
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What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Qurate Business Intelligence
Nehal Chinoy
+919881074592
nehal@qurateresearch.com
Source: EmailWire.Com 
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