Global Blown Oil Market Size By Product (Blown Castor Oil, Blown Mustard Oil), By Application (Food And Beverage, Lubricant Industry), By Geographic Scope And Forecast

Blown Oil Market Size And Forecast

Blown Oil Market size was valued at USD 2,552.23 Million in 2023 and is projected to reach USD 3,658.01 Million by 2030, growing at a CAGR of 4.59% from 2024 to 2030.

Growing demand in paints and coatings industry is driving the growth of the Global Blown Oil Market and rising construction activities is another factor that is responsible for the growth of the Global Blown Oil Market are the factors driving market growth. The Global Blown Oil Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Blown Oil Market Definition

Blown oil, also known as oxidized oil or heat-bodied oil, is a form of oil that has been subjected to the “blowing” or oxidation process. The oil is exposed to air in the presence of heat and catalysts, resulting in chemical reactions that change the oil’s molecular structure. As a result, the product is thicker and more viscous, with increased drying qualities. Blown oil is used in a variety of industries, most notably in the production of paints, varnishes, and coatings. Its improved drying properties make it a valuable ingredient in formulations that require faster drying times and better film formation, contributing to its widespread use in the production of protective and decorative coatings for surfaces ranging from automobiles to architectural structures.

Global Blown Oil Market Overview

The Global Blown Oil Market is being driven by rising demand for paints and coatings in industries such as automotive, construction, and industrial applications. Blown oil is utilized as a significant component in the formulation of coatings to promote shorter drying periods and improved film formation due to its superior drying qualities. Furthermore, the rise of the construction industry, particularly in developing nations, contributes to the increase of the Blown Oil Market. Blown oil is used to make coatings for architectural buildings that are both protective and beautiful. As worldwide building activity increases, so will demand for coatings and, as a result, blown oil.

The price and availability of raw ingredients, especially vegetable oils, influence the Blown Oil Market. Price fluctuations in these feedstocks can have an effect on production costs and, as a result, the overall pricing and profitability of blown oil products. Emerging market industrialization and urbanization create an opportunity for the Blown Oil Market. As these regions see greater construction and infrastructure development, the need for coatings, and hence blown oil, is expected to rise significantly.

Global Blown Oil MarketSegmentation Analysis

The Global Blown Oil Market is segmented on the basis of Product, Application, and Geography.

Blown Oil Market, By Product

• Blown Castor Oil
• Blown Mustard Oil
• Blown Soybean Oil
• Blown Rapeseed Oil
• Others

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Based on Product, the market is segmented into Blown Castor Oil, Blown Mustard Oil, Blown Soybean Oil, Blown Rapeseed Oil, and Others. Blown Rapeseed Oil accounted for the largest market share in 2022, with a market value of USD 1,076.94 Million and is projected to grow at a CAGR of 4.59% during the forecast period.

Blown Oil Market, By Application

• Food And Beverage
• Lubricant Industry
• Others

Based on Application, the market is segmented into Food And Beverage, Lubricant Industry, and Others. Due to its various applications in food processing, flavor encapsulation, and component formation, the Blown Oil Market sees high demand from the Food & Beverage sector. Blown oils improve product texture, stability, and shelf-life, allowing for the manufacturing of higher-quality food, baked goods, snacks, and confectioneries. Furthermore, the growing consumer preference for natural ingredients, clean-label goods, and sustainable food processing solutions propels market expansion while encouraging innovation and collaboration in the food and beverage industry.

 Blown Oil Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East And Africa

Based on Geography, the Global Blown Oil Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East And Africa. The Blown Oil Market in North America has grown steadily due to rising demand from various end-use sectors such as automotive, construction, and manufacturing. Blown oils are widely used as additives in paints, varnishes, sealants, and lubricants due to their versatility and performance-enhancing qualities. The region’s strong infrastructural development, high regulatory standards, and technology breakthroughs drive market expansion even further.

Key Players

The “Global Blown Oil Market” study report will provide a valuable insight with an emphasis on the Global market. The major players in the market are Kerawalla Group, Ambuja Solvex, ARVALLI CASTOR DERIVATIVES, Alnor Oil, Vertellus, VANDEPUTTE GROUP, Croda Lubricants, Girnar Industries, COFCO, Shangdong Luhua Group, and Wilmar International. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players Globally.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.
• Provision of market value (USD Billion) data for each segment and sub-segment.Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market.
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region.
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled.
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• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions.
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