Polymerized Vegetable Oils Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026
Albany, NY -- (SBWIRE) -- 02/20/2019 -- Polymerized vegetable oils are heat-treated vegetable oils like soybean and linseed. After the polymerization process the viscosity of the oil increases making it suitable for diverse applications in the end-use industries. With viscosity, oil absorption also increases making it a greasy product. Polymerized vegetable oils can be used as a vehicle or binder for most varnishes. In the food industry, the polymerized vegetable oil is majorly used as an additive to provide a greasy texture to the food products. For instance, addition of polymerized vegetable oil while baking doughnuts, gives them a greasy texture.
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The demand for polymerized vegetable oils is highly concentrated globally, particularly for lubricating & greasing from various end-use industries. Due to the adverse effects of petroleum products on the environment as well as the shortage of petroleum resources, polymerized vegetable oil is the perfect alternative for the petroleum-based products. Besides, in the printing industry polymerized vegetable oil is widely been used as a printing ink vehicle and in ink formulation.
The growing need to find a sustainable and environmentally friendly replacement for petroleum-based products is expected to fuel the demand for bio-based polymers from renewable resources. Polymerized vegetable oils are known for their higher viscosity and texture they provide to the product. The polymerized vegetable oils are in demand for wood finishes, lacquers, primers, undercoats and flat paints, printing inks, sealants and mastics, jointing pastes and as core oil.
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Example of some of the key participants operating in the global polymerized vegetable oils market are Cargill, Incorporated, Archer Daniels Midland Company, Alpolac, Inc., Croda International Plc, and Vertellus Holdings LLC, among others.
Robust research & development activities and expansion of the production capabilities are the major focus areas of the manufacturers in order to cater the demand for polymerized vegetable oils from the end-use industries.