This report also researches and evaluates the impact of Covid-19 outbreak on the Kenaf Seed Oil industry, involving potential opportunity and challenges, drivers and risks. We present the impact assessment of Covid-19 effects on Kenaf Seed Oil and market growth forecast based on different scenario (optimistic, pessimistic, very optimistic, most likely etc.).
Global Kenaf Seed Oil Market Overview:
Fact.MR has evaluated the global Kenaf Seed Oil market in its latest research report. The research report, titled [Global Kenaf Seed Oil Market 2020 by Key Countries, Companies, Type and Application], presents a detailed analysis of the drivers and restraints impacting the overall market. Analysts have studied the key trends defining the trajectory of the market. The research report also includes an assessment of the achievements made by the players in the global Kenaf Seed Oil market so far. It also notes the key trends in the market that are likely to be lucrative. The research report aims to provide an unbiased and a comprehensive outlook of the global Kenaf Seed Oil market to the readers.
Global Kenaf Seed Oil Market: Segmentation
For clearer understanding of the global Kenaf Seed Oil market, analysts have segmented the market. The segmentation has been done on the basis of application, technology, and users. Each segment has been further explained with the help of graphs figures. This breakdown of the market gives the readers an objective view of the global Kenaf Seed Oil market, which is essential to make sound investments.
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- Hemp Inc., a leading player operating in the kenaf seed oil market, launched equipment which uses kenaf as a loss circulation material (LCM) that is used to seal the hole around the oil well to prevent mud and other toxic substances from leaking into underground water streams or other porous earth surfaces around the drill. The machine known as DrillWall was made using the core of kenaf. The growing demand for kenaf is expected to increase commercial production of kenaf seeds which, in turn, is estimated to propel kenaf seed oil market growth.
- Intensifying research towards the use of kenaf seed oil in the potential treatment for cancer saw another addition to the list of developments after research concluded that the oil substantially reduced the severity of leukemia in mice.
- Kenaf seed oil’s potential application as a viable treatment option for cholesterol and higher lipid profiles received a significant boost after a study suggested the use of bio-oil in cardio-protective functional foods for countering cholesterol.
- With the widening of the supply-demand gap, kenaf seed oil market players are increasingly investing in research and development of techniques which boost yield and quality of kenaf seeds. A recent development in the area was the release of a study which concluded that continuous kenaf cropping on the same plot of land deteriorates soil fertility and adversely impacts the quality of kenaf seeds.
Other leading players operating in the kenaf seed oil market include Shree Laxminaryan Oils, Pepagora, Gincoc Limited, Thar Process, Inc., National Kenaf and Tobacco Board, The Department of Agriculture and Fisheries, Advanced Biofuel Center, Chempro Technovation Pvt. Ltd., Kenaf Development Association of Nigeria and Parchem Fine & Specialty Chemicals Inc..
Conventionally Produced Kenaf Seed Oil Finding Increasing Application as Bio-lubricant
The petroleum-based lubricants used currently are composed of substances which are harmful to the environment and do not disintegrate on disposal. Mineral-based lubricants exhibit similar properties with the presence of toxic additives posing an additional threat to the environment. Due to these factors industries are seeking eco-friendly alternatives to conventional lubricants. Kenaf seed oil is finding increasing application as a biolubricant in an assortment of industries owing to its effective performance. Additionally, the development of techniques to enhance the viability and scale of biolubricant production is estimated to uphold kenaf seed oil demand in industries. Manufacturers are using conventionally produced kenaf seed oil for biolubircant production due to its affordable pricing and easy availability relative to organic kenaf seed oil.
In addition to this, demand for kenaf seed oil continues to surge in nutraceuticals, cosmetics & personal care, functional foods, pharmacy, and biofuels.
The report on kenaf seed oil market is a consequence of a robust and exhaustive research methodology. A two-step research methodology involving primary and secondary researches was applied to obtain key insights into the kenaf seed oil market. Interviewing seasoned experts from the kenaf seed oil market formed the basis of primary research while secondary research was conducted by thoroughly studying trade journals, paid sources, company press releases, and other kenaf seed oil market-related publications. Results from both the steps of research were triangulated to create an authentic and accurate forecast of the kenaf seed oil market.
Scope of the Report
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Global Kenaf Seed Oil Market: Regional Segmentation
To understand the changing political scenario, analysts have regionally segmented the market. This gives an overview of the political and socio-economic status of the regions that is expected to impact the market dynamic.
The Middle East and Africa (GCC Countries and Egypt)
North America (the United States, Mexico, and Canada)
South America (Brazil etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
Global Kenaf Seed Oil Market: Research Methodology
Fact.MR uses a unique investigative approach to make an accurate assessment of the global Kenaf Seed Oil market. To begin with, the analysis has been put together using primary and secondary research methodologies. The information has been authenticated by market expert through valuable commentary. Research analysts have also conducted exhaustive interviews with market-relevant questions to collate this research report.
Global Kenaf Seed Oil Market: Competitive Rivalry
The research report also studied the key players operating in the global Kenaf Seed Oil market. It has evaluated and elucidated the research and development statuses of these companies, their financial outlooks, and their expansion plans for the forecast period. In addition, the research report also includes the list of strategic initiatives that clearly explain the achievements of the companies in the recent past.
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