Global Tung Oil Market Growth 2023-2029

Global Tung Oil Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Tung Oil Industry Forecast” looks at past sales and reviews total world Tung Oil sales in 2022, providing a comprehensive analysis by region and market sector of projected Tung Oil sales for 2023 through 2029. With Tung Oil sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Tung Oil industry.
This Insight Report provides a comprehensive analysis of the global Tung Oil landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Tung Oil portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Tung Oil market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Tung Oil and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Tung Oil.
The global Tung Oil market size is projected to grow from US$ 211.8 million in 2022 to US$ 255.2 million in 2029; it is expected to grow at a CAGR of 255.2 from 2023 to 2029.
North America is the largest Tung Oil market with about 34% market share. China is follower, accounting for about 23% market share.
The key manufacturers are Oleaginosa RAATZ, Wuzhou Oasis Chemicals, Xunyang Mingwen Oil, Qiubei County Shuanglong Oil, Jinxing Tung Oil etc. Top 3 companies occupied about 58% market share.
This report presents a comprehensive overview, market shares, and growth opportunities of Tung Oil market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Raw Tung Oil
Boiled Tung Oil
Segmentation by application
Wood Finishing
Electronic
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Oleaginosa RAATZ
Wuzhou Oasis Chemicals
Xunyang Mingwen Oil
Qiubei County Shuanglong Oil
Jinxing Tung Oil
Key Questions Addressed in this Report
What is the 10-year outlook for the global Tung Oil market?
What factors are driving Tung Oil market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Tung Oil market opportunities vary by end market size?
How does Tung Oil break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.