Abstract
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.
The global Tung Oil market is projected to reach US$ 259.7 million by 2030 from an estimated US$ 222.6 million in 2024, at a CAGR of 2.6% during 2024 and 2030.
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.
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, analyse 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.
The report will help the Tung Oil manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application, and regions.
Market Segmentation
By Company
Oleaginosa RAATZ
Wuzhou Oasis Chemicals
Xunyang Mingwen Oil
Qiubei County Shuanglong Oil
Jinxing Tung Oil
Segment by Type
Raw Tung Oil
Boiled Tung Oil
Segment by Application
Wood Finishing
Electronic
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of Middle East & Africa
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type and by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Sales (consumption), revenue of Tung Oil in global and regional level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 3: Detailed analysis of Tung Oil manufacturers competitive landscape, price, sales, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Tung Oil sales, revenue, price, gross margin, sales by region, by Type, by Application, and recent development, etc.
Chapter 5: Provides the analysis of various market segments by Type, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: North America by Type, by Application and by country, sales, and revenue for each segment.
Chapter 8: APAC by Type, by Application and by country, sales, and revenue for each segment.
Chapter 9: Europe by Type, by Application and by country, sales, and revenue for each segment.
Chapter 10: Latin America by Type, by Application and by country, sales, and revenue for each segment.
Chapter 11: Middle East and Africa by Type, by Application and by country, sales, and revenue for each segment.
Chapter 12: Analysis of industrial chain, sales channel, key raw materials, distributors, and customers.
Chapter 13: 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 14: Research Findings and Conclusion.
The global Tung Oil market is projected to reach US$ 259.7 million by 2030 from an estimated US$ 222.6 million in 2024, at a CAGR of 2.6% during 2024 and 2030.
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.
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, analyse 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.
The report will help the Tung Oil manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application, and regions.
Market Segmentation
By Company
Oleaginosa RAATZ
Wuzhou Oasis Chemicals
Xunyang Mingwen Oil
Qiubei County Shuanglong Oil
Jinxing Tung Oil
Segment by Type
Raw Tung Oil
Boiled Tung Oil
Segment by Application
Wood Finishing
Electronic
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of Middle East & Africa
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type and by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Sales (consumption), revenue of Tung Oil in global and regional level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 3: Detailed analysis of Tung Oil manufacturers competitive landscape, price, sales, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Tung Oil sales, revenue, price, gross margin, sales by region, by Type, by Application, and recent development, etc.
Chapter 5: Provides the analysis of various market segments by Type, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: North America by Type, by Application and by country, sales, and revenue for each segment.
Chapter 8: APAC by Type, by Application and by country, sales, and revenue for each segment.
Chapter 9: Europe by Type, by Application and by country, sales, and revenue for each segment.
Chapter 10: Latin America by Type, by Application and by country, sales, and revenue for each segment.
Chapter 11: Middle East and Africa by Type, by Application and by country, sales, and revenue for each segment.
Chapter 12: Analysis of industrial chain, sales channel, key raw materials, distributors, and customers.
Chapter 13: 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 14: Research Findings and Conclusion.
Table of Contents
1 Study Coverage
1.1 Tung Oil Product Introduction
1.2 Market by Type
1.2.1 Global Tung Oil Market Size Growth Rate by Type (2019 VS 2023 VS 2030)
1.2.2 Raw Tung Oil
1.2.3 Boiled Tung Oil
1.3 Market by Application
1.3.1 Global Tung Oil Market Size Growth Rate by Application (2019 VS 2023 VS 2030)
1.3.2 Wood Finishing
1.3.3 Electronic
1.4 Study Objectives
1.5 Years Considered
2 Executive Summary
2.1 Global Tung Oil Market Size Estimates and Forecasts
2.1.1 Global Tung Oil Revenue 2019-2030
2.1.2 Global Tung Oil Sales 2019-2030
2.2 Tung Oil Market Size by Region: 2023 Versus 2030
2.3 Tung Oil Sales by Region (2019-2030)
2.3.1 Global Tung Oil Sales by Region: 2019-2024
2.3.2 Global Tung Oil Sales Forecast by Region (2025-2030)
2.3.3 Global Tung Oil Sales Market Share by Region (2019-2030)
2.4 Tung Oil Market Estimates and Projections by Region (2025-2030)
2.4.1 Global Tung Oil Revenue by Region: 2019-2024
2.4.2 Global Tung Oil Revenue Forecast by Region (2025-2030)
2.4.3 Global Tung Oil Revenue Market Share by Region (2019-2030)
3 Global Tung Oil by Manufacturers
3.1 Global Top Tung Oil Manufacturers by Sales
3.1.1 Global Tung Oil Sales by Manufacturer (2019-2024)
3.1.2 Global Tung Oil Sales Market Share by Manufacturer (2019-2024)
3.2 Global Top Tung Oil Manufacturers by Revenue
3.2.1 Global Tung Oil Revenue by Manufacturer (2019-2024)
3.2.2 Global Tung Oil Revenue Share by Manufacturer (2019-2024)
3.3 Global Tung Oil Price by Manufacturer (2019-2024)
3.4 Competitive Landscape
3.4.1 Key Tung Oil Manufacturers Covered: Ranking by Revenue
3.4.2 Global Tung Oil Market Concentration Ratio (CR5 and HHI) & (2019-2024)
3.4.3 Global Tung Oil Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.5 Global Tung Oil Manufacturing Base Distribution, Product Type
3.5.1 Tung Oil Manufacturers Manufacturing Base Distribution, Headquarters
3.5.2 Manufacturers Tung Oil Product Type
3.5.3 Date of International Manufacturers Enter into Tung Oil Market
3.6 Manufacturers Mergers & Acquisitions, Expansion Plans
4 Company Profiles
4.1 Oleaginosa RAATZ
4.1.1 Oleaginosa RAATZ Company Information
4.1.2 Oleaginosa RAATZ Description, Business Overview
4.1.3 Oleaginosa RAATZ Tung Oil Products Offered
4.1.4 Oleaginosa RAATZ Tung Oil Sales, Revenue and Gross Margin (2019-2024)
4.1.5 Oleaginosa RAATZ Tung Oil Sales by Product in 2023
4.1.6 Oleaginosa RAATZ Tung Oil Sales by Application in 2023
4.1.7 Oleaginosa RAATZ Tung Oil Sales by Geographic Area in 2023
4.1.8 Oleaginosa RAATZ Recent Developments
4.2 Wuzhou Oasis Chemicals
4.2.1 Wuzhou Oasis Chemicals Company Information
4.2.2 Wuzhou Oasis Chemicals Description, Business Overview
4.2.3 Wuzhou Oasis Chemicals Tung Oil Products Offered
4.2.4 Wuzhou Oasis Chemicals Tung Oil Sales, Revenue and Gross Margin (2019-2024)
4.2.5 Wuzhou Oasis Chemicals Tung Oil Sales by Product in 2023
4.2.6 Wuzhou Oasis Chemicals Tung Oil Sales by Application in 2023
4.2.7 Wuzhou Oasis Chemicals Tung Oil Sales by Geographic Area in 2023
4.2.8 Wuzhou Oasis Chemicals Recent Developments
4.3 Xunyang Mingwen Oil
4.3.1 Xunyang Mingwen Oil Company Information
4.3.2 Xunyang Mingwen Oil Description, Business Overview
4.3.3 Xunyang Mingwen Oil Tung Oil Products Offered
4.3.4 Xunyang Mingwen Oil Tung Oil Sales, Revenue and Gross Margin (2019-2024)
4.3.5 Xunyang Mingwen Oil Tung Oil Sales by Product in 2023
4.3.6 Xunyang Mingwen Oil Tung Oil Sales by Application in 2023
4.3.7 Xunyang Mingwen Oil Tung Oil Sales by Geographic Area in 2023
4.3.8 Xunyang Mingwen Oil Recent Developments
4.4 Qiubei County Shuanglong Oil
4.4.1 Qiubei County Shuanglong Oil Company Information
4.4.2 Qiubei County Shuanglong Oil Description, Business Overview
4.4.3 Qiubei County Shuanglong Oil Tung Oil Products Offered
4.4.4 Qiubei County Shuanglong Oil Tung Oil Sales, Revenue and Gross Margin (2019-2024)
4.4.5 Qiubei County Shuanglong Oil Tung Oil Sales by Product in 2023
4.4.6 Qiubei County Shuanglong Oil Tung Oil Sales by Application in 2023
4.4.7 Qiubei County Shuanglong Oil Tung Oil Sales by Geographic Area in 2023
4.4.8 Qiubei County Shuanglong Oil Recent Developments
4.5 Jinxing Tung Oil
4.5.1 Jinxing Tung Oil Company Information
4.5.2 Jinxing Tung Oil Description, Business Overview
4.5.3 Jinxing Tung Oil Tung Oil Products Offered
4.5.4 Jinxing Tung Oil Tung Oil Sales, Revenue and Gross Margin (2019-2024)
4.5.5 Jinxing Tung Oil Tung Oil Sales by Product in 2023
4.5.6 Jinxing Tung Oil Tung Oil Sales by Application in 2023
4.5.7 Jinxing Tung Oil Tung Oil Sales by Geographic Area in 2023
4.5.8 Jinxing Tung Oil Recent Developments
5 Breakdown Data by Type
5.1 Global Tung Oil Sales by Type (2019-2030)
5.1.1 Global Tung Oil Sales by Type (2019-2024)
5.1.2 Global Tung Oil Sales Forecast by Type (2025-2030)
5.1.3 Global Tung Oil Sales Market Share by Type (2019-2030)
5.2 Global Tung Oil Revenue Forecast by Type (2019-2030)
5.2.1 Global Tung Oil Revenue by Type (2019-2024)
5.2.2 Global Tung Oil Revenue Forecast by Type (2025-2030)
5.2.3 Global Tung Oil Revenue Market Share by Type (2019-2030)
5.3 Tung Oil Average Selling Price (ASP) by Type (2019-2030)
6 Breakdown Data by Application
6.1 Global Tung Oil Sales by Application (2019-2030)
6.1.1 Global Tung Oil Sales by Application (2019-2024)
6.1.2 Global Tung Oil Sales Forecast by Application (2025-2030)
6.1.3 Global Tung Oil Sales Market Share by Application (2019-2030)
6.2 Global Tung Oil Revenue Forecast by Application (2019-2030)
6.2.1 Global Tung Oil Revenue by Application (2019-2024)
6.2.2 Global Tung Oil Revenue Forecast by Application (2025-2030)
6.2.3 Global Tung Oil Revenue Market Share by Application (2019-2030)
6.3 Tung Oil Average Selling Price (ASP) by Application (2019-2030)
7 North America
7.1 North America Tung Oil Market Size YoY Growth 2019-2030
7.2 North America Tung Oil Market Facts & Figures by Country
7.2.1 North America Tung Oil Sales by Country (2019-2030)
7.2.2 North America Tung Oil Revenue by Country (2019-2030)
7.3 North America Tung Oil Sales by Type (2019-2024)
7.4 North America Tung Oil Sales by Application (2019-2024)
8 Asia-Pacific
8.1 Asia-Pacific Tung Oil Market Size YoY Growth 2019-2030
8.2 Asia-Pacific Tung Oil Market Facts & Figures by Region
8.2.1 Asia-Pacific Tung Oil Sales by Region (2019-2030)
8.2.2 Asia-Pacific Tung Oil Revenue by Region (2019-2030)
8.3 Asia-Pacific Tung Oil Sales by Type (2019-2024)
8.4 Asia-Pacific Tung Oil Sales by Application (2019-2024)
9 Europe
9.1 Europe Tung Oil Market Size YoY Growth 2019-2030
9.2 Europe Tung Oil Market Facts & Figures by Country
9.2.1 Europe Tung Oil Sales by Country (2019-2030)
9.2.2 Europe Tung Oil Revenue by Country (2019-2030)
9.3 Europe Tung Oil Sales by Type (2019-2024)
9.4 Europe Tung Oil Sales by Application (2019-2024)
10 Latin America
10.1 Latin America Tung Oil Market Size YoY Growth 2019-2030
10.2 Latin America Tung Oil Market Facts & Figures by Country
10.2.1 Latin America Tung Oil Sales by Country (2019-2030)
10.2.2 Latin America Tung Oil Revenue by Country (2019-2030)
10.3 Latin America Tung Oil Sales by Type (2019-2024)
10.4 Latin America Tung Oil Sales by Application (2019-2024)
11 Middle East and Africa
11.1 Middle East and Africa Tung Oil Market Size YoY Growth 2019-2030
11.2 Middle East and Africa Tung Oil Market Facts & Figures by Country
11.2.1 Middle East and Africa Tung Oil Sales by Country (2019-2030)
11.2.2 Middle East and Africa Tung Oil Revenue by Country (2019-2030)
11.3 Middle East and Africa Tung Oil Sales by Type (2019-2024)
11.4 Middle East and Africa Tung Oil Sales by Application (2019-2024)
12 Supply Chain and Sales Channel Analysis
12.1 Tung Oil Supply Chain Analysis
12.2 Tung Oil Key Raw Materials and Upstream Suppliers
12.3 Tung Oil Clients Analysis
12.4 Tung Oil Sales Channel and Sales Model Analysis
12.4.1 Tung Oil Distribution Channel Analysis: Indirect Sales VS Direct Sales
12.4.2 Tung Oil Distribution Channel Analysis: Online Sales VS Offline Sales
12.4.3 Tung Oil Distributors
13 Market Dynamics
13.1 Tung Oil Industry Trends
13.2 Tung Oil Market Drivers
13.3 Tung Oil Market Challenges
13.4 Tung Oil Market Restraints
14 Research Findings and Conclusion
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Author Details
15.3 Disclaimer