Global Tung Oil Market Size, Manufacturers, Opportunities and Forecast to 2030

Global Tung Oil Market Size, Manufacturers, Opportunities and Forecast to 2030


Summary

Pure Tung Oil is a finishing product that provides a tough, flexible and highly water-resistant coating. It is classed as a drying oil along with linseed, poppy seed, safflower seed, walnut, soybean, oiticica and a few other oils. Although it is relatively new to the Western world, tung oil has been known for centuries to the Chinese, and until this century, China was the main source for the oil. It comes from the seed of the tung trees, Aleurites fordii and Aleurites montana, deciduous trees that are very susceptible to frost damage. This vulnerability has restricted the cultivation of the tung trees to China and South America.

According to APO Research, The global Tung Oil market was estimated at US$ million in 2023 and is projected to reach a revised size of US$ million by 2030, witnessing a CAGR of xx% during the forecast period 2024-2030.

North American market for Tung Oil is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

Asia-Pacific market for Tung Oil is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

Europe market for Tung Oil is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

The major global manufacturers of Tung Oil include Oleaginosa RAATZ, Wuzhou Oasis Chemicals, Xunyang Mingwen Oil, Qiubei County Shuanglong Oil and Jinxing Tung Oil, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Tung Oil, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Tung Oil.
The Tung Oil market size, estimations, and forecasts are provided in terms of sales volume (MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Tung Oil market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:

Oleaginosa RAATZ
Wuzhou Oasis Chemicals
Xunyang Mingwen Oil
Qiubei County Shuanglong Oil
Jinxing Tung Oil
Tung Oil segment by Type

Raw Tung Oil
Boiled Tung Oil
Tung Oil segment by Application

Wood Finishing
Electronic
Tung Oil Segment by Region

North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Tung Oil market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Tung Oil and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Tung Oil.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Tung Oil manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Tung Oil in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.


1 Market Overview
1.1 Product Definition
1.2 Global Market Growth Prospects
1.2.1 Global Tung Oil Market Size Estimates and Forecasts (2019-2030)
1.2.2 Global Tung Oil Sales Estimates and Forecasts (2019-2030)
1.3 Tung Oil Market by Type
1.3.1 Raw Tung Oil
1.3.2 Boiled Tung Oil
1.4 Global Tung Oil Market Size by Type
1.4.1 Global Tung Oil Market Size Overview by Type (2019-2030)
1.4.2 Global Tung Oil Historic Market Size Review by Type (2019-2024)
1.4.3 Global Tung Oil Forecasted Market Size by Type (2025-2030)
1.5 Key Regions Market Size by Type
1.5.1 North America Tung Oil Sales Breakdown by Type (2019-2024)
1.5.2 Europe Tung Oil Sales Breakdown by Type (2019-2024)
1.5.3 Asia-Pacific Tung Oil Sales Breakdown by Type (2019-2024)
1.5.4 Latin America Tung Oil Sales Breakdown by Type (2019-2024)
1.5.5 Middle East and Africa Tung Oil Sales Breakdown by Type (2019-2024)
2 Global Market Dynamics
2.1 Tung Oil Industry Trends
2.2 Tung Oil Industry Drivers
2.3 Tung Oil Industry Opportunities and Challenges
2.4 Tung Oil Industry Restraints
3 Market Competitive Landscape by Company
3.1 Global Top Players by Tung Oil Revenue (2019-2024)
3.2 Global Top Players by Tung Oil Sales (2019-2024)
3.3 Global Top Players by Tung Oil Price (2019-2024)
3.4 Global Tung Oil Industry Company Ranking, 2022 VS 2023 VS 2024
3.5 Global Tung Oil Key Company Manufacturing Sites & Headquarters
3.6 Global Tung Oil Company, Product Type & Application
3.7 Global Tung Oil Company Commercialization Time
3.8 Market Competitive Analysis
3.8.1 Global Tung Oil Market CR5 and HHI
3.8.2 Global Top 5 and 10 Tung Oil Players Market Share by Revenue in 2023
3.8.3 2023 Tung Oil Tier 1, Tier 2, and Tier 3
4 Tung Oil Regional Status and Outlook
4.1 Global Tung Oil Market Size and CAGR by Region: 2019 VS 2023 VS 2030
4.2 Global Tung Oil Historic Market Size by Region
4.2.1 Global Tung Oil Sales in Volume by Region (2019-2024)
4.2.2 Global Tung Oil Sales in Value by Region (2019-2024)
4.2.3 Global Tung Oil Sales (Volume & Value), Price and Gross Margin (2019-2024)
4.3 Global Tung Oil Forecasted Market Size by Region
4.3.1 Global Tung Oil Sales in Volume by Region (2025-2030)
4.3.2 Global Tung Oil Sales in Value by Region (2025-2030)
4.3.3 Global Tung Oil Sales (Volume & Value), Price and Gross Margin (2025-2030)
5 Tung Oil by Application
5.1 Tung Oil Market by Application
5.1.1 Wood Finishing
5.1.2 Electronic
5.2 Global Tung Oil Market Size by Application
5.2.1 Global Tung Oil Market Size Overview by Application (2019-2030)
5.2.2 Global Tung Oil Historic Market Size Review by Application (2019-2024)
5.2.3 Global Tung Oil Forecasted Market Size by Application (2025-2030)
5.3 Key Regions Market Size by Application
5.3.1 North America Tung Oil Sales Breakdown by Application (2019-2024)
5.3.2 Europe Tung Oil Sales Breakdown by Application (2019-2024)
5.3.3 Asia-Pacific Tung Oil Sales Breakdown by Application (2019-2024)
5.3.4 Latin America Tung Oil Sales Breakdown by Application (2019-2024)
5.3.5 Middle East and Africa Tung Oil Sales Breakdown by Application (2019-2024)
6 Company Profiles
6.1 Oleaginosa RAATZ
6.1.1 Oleaginosa RAATZ Comapny Information
6.1.2 Oleaginosa RAATZ Business Overview
6.1.3 Oleaginosa RAATZ Tung Oil Sales, Revenue and Gross Margin (2019-2024)
6.1.4 Oleaginosa RAATZ Tung Oil Product Portfolio
6.1.5 Oleaginosa RAATZ Recent Developments
6.2 Wuzhou Oasis Chemicals
6.2.1 Wuzhou Oasis Chemicals Comapny Information
6.2.2 Wuzhou Oasis Chemicals Business Overview
6.2.3 Wuzhou Oasis Chemicals Tung Oil Sales, Revenue and Gross Margin (2019-2024)
6.2.4 Wuzhou Oasis Chemicals Tung Oil Product Portfolio
6.2.5 Wuzhou Oasis Chemicals Recent Developments
6.3 Xunyang Mingwen Oil
6.3.1 Xunyang Mingwen Oil Comapny Information
6.3.2 Xunyang Mingwen Oil Business Overview
6.3.3 Xunyang Mingwen Oil Tung Oil Sales, Revenue and Gross Margin (2019-2024)
6.3.4 Xunyang Mingwen Oil Tung Oil Product Portfolio
6.3.5 Xunyang Mingwen Oil Recent Developments
6.4 Qiubei County Shuanglong Oil
6.4.1 Qiubei County Shuanglong Oil Comapny Information
6.4.2 Qiubei County Shuanglong Oil Business Overview
6.4.3 Qiubei County Shuanglong Oil Tung Oil Sales, Revenue and Gross Margin (2019-2024)
6.4.4 Qiubei County Shuanglong Oil Tung Oil Product Portfolio
6.4.5 Qiubei County Shuanglong Oil Recent Developments
6.5 Jinxing Tung Oil
6.5.1 Jinxing Tung Oil Comapny Information
6.5.2 Jinxing Tung Oil Business Overview
6.5.3 Jinxing Tung Oil Tung Oil Sales, Revenue and Gross Margin (2019-2024)
6.5.4 Jinxing Tung Oil Tung Oil Product Portfolio
6.5.5 Jinxing Tung Oil Recent Developments
7 North America by Country
7.1 North America Tung Oil Sales by Country
7.1.1 North America Tung Oil Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
7.1.2 North America Tung Oil Sales by Country (2019-2024)
7.1.3 North America Tung Oil Sales Forecast by Country (2025-2030)
7.2 North America Tung Oil Market Size by Country
7.2.1 North America Tung Oil Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
7.2.2 North America Tung Oil Market Size by Country (2019-2024)
7.2.3 North America Tung Oil Market Size Forecast by Country (2025-2030)
8 Europe by Country
8.1 Europe Tung Oil Sales by Country
8.1.1 Europe Tung Oil Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
8.1.2 Europe Tung Oil Sales by Country (2019-2024)
8.1.3 Europe Tung Oil Sales Forecast by Country (2025-2030)
8.2 Europe Tung Oil Market Size by Country
8.2.1 Europe Tung Oil Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
8.2.2 Europe Tung Oil Market Size by Country (2019-2024)
8.2.3 Europe Tung Oil Market Size Forecast by Country (2025-2030)
9 Asia-Pacific by Country
9.1 Asia-Pacific Tung Oil Sales by Country
9.1.1 Asia-Pacific Tung Oil Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
9.1.2 Asia-Pacific Tung Oil Sales by Country (2019-2024)
9.1.3 Asia-Pacific Tung Oil Sales Forecast by Country (2025-2030)
9.2 Asia-Pacific Tung Oil Market Size by Country
9.2.1 Asia-Pacific Tung Oil Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
9.2.2 Asia-Pacific Tung Oil Market Size by Country (2019-2024)
9.2.3 Asia-Pacific Tung Oil Market Size Forecast by Country (2025-2030)
10 Latin America by Country
10.1 Latin America Tung Oil Sales by Country
10.1.1 Latin America Tung Oil Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
10.1.2 Latin America Tung Oil Sales by Country (2019-2024)
10.1.3 Latin America Tung Oil Sales Forecast by Country (2025-2030)
10.2 Latin America Tung Oil Market Size by Country
10.2.1 Latin America Tung Oil Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
10.2.2 Latin America Tung Oil Market Size by Country (2019-2024)
10.2.3 Latin America Tung Oil Market Size Forecast by Country (2025-2030)
11 Middle East and Africa by Country
11.1 Middle East and Africa Tung Oil Sales by Country
11.1.1 Middle East and Africa Tung Oil Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
11.1.2 Middle East and Africa Tung Oil Sales by Country (2019-2024)
11.1.3 Middle East and Africa Tung Oil Sales Forecast by Country (2025-2030)
11.2 Middle East and Africa Tung Oil Market Size by Country
11.2.1 Middle East and Africa Tung Oil Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
11.2.2 Middle East and Africa Tung Oil Market Size by Country (2019-2024)
11.2.3 Middle East and Africa Tung Oil Market Size Forecast by Country (2025-2030)
12 Value Chain and Sales Channels Analysis
12.1 Tung Oil Value Chain Analysis
12.1.1 Tung Oil Key Raw Materials
12.1.2 Key Raw Materials Price
12.1.3 Raw Materials Key Suppliers
12.1.4 Manufacturing Cost Structure
12.1.5 Tung Oil Production Mode & Process
12.2 Tung Oil Sales Channels Analysis
12.2.1 Direct Comparison with Distribution Share
12.2.2 Tung Oil Distributors
12.2.3 Tung Oil Customers
13 Concluding Insights
14 Appendix
14.1 Reasons for Doing This Study
14.2 Research Methodology
14.3 Research Process
14.4 Authors List of This Report
14.5 Data Source
14.5.1 Secondary Sources
14.5.2 Primary Sources
14.6 Disclaimer

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