"Tung Oil Market" additionally provide Benefits and Dis advantages within this report also this report also has Large companies in this sector their shares within this Industry with Tung Oil economy major Types and Applications. The International Tung Oil Market report offers a profound analysis of the Tung Oil trade. It demonstrates a quick overview of trade knowledge and terminology of the market.

Short Details of Tung Oil Market Report - 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.

Global Tung Oil market competition by top manufacturers

  • Oleaginosa RAATZ
  • Wuzhou Oasis Chemicals
  • Xunyang Mingwen Oil
  • Qiubei County Shuanglong Oil
  • Jinxing Tung Oil

Currently, Oleaginosa RAATZ, Wuzhou Oasis Chemicals and Xunyang Mingwen Oil are the leaders of tung oil industry.Oleaginosa RAATZis a global leader. In 2017, the production of Oleaginosa RAATZ was 1305587789 ton, and the company held a production share of 50.6%. In Europe and the United States, Oleaginosa RAATZ and Wuzhou Oasis Chemicals are the market leader.Downstream customers such as Liberon, AkzoNobel, and American Wood Oil use products from both companies.

Tung oil is mainly used for wood finishing, electronic and pesticide. In 2017, wood finishing application held 91% of the consumption market share. Tung oil seeps into the grain of the wood, giving it a perpetual wet look that highly accentualizes the grain of the wood, commonly referred to as "making the grain pop". Because of this, the color of the wood is slightly darkened, giving the wood a rich, warm color that is very pleasing.

In the past few years, the production of Chinese tung oil is declining. QYR interviewed the chairman and manager of the major manufacturers. In addition, QYR also interviewed local growers. QYR believes that the industry is not an exciting industry. From 2009 to 2017, China's tung oil production is declining due to the reduction in planting area. For manufacturers, they have spent a lot of time and money for buying raw materials, but the profits are indeed meagre. At the same time, this product is not indispensable for wood finishing protection industry. As growers, they can't get more profits than other jobs .Growers are reluctant to plant tung trees, which makes Chinese tung oil continue to decline. The only benefit is to reduce a large number of competitors.

The worldwide market for Tung Oil is expected to grow at a CAGR of roughly 2.6% over the next five years, will reach 320 million US$ in 2024, from 270 million US$ in 2019, according to a new study.
This report focuses on the Tung Oil in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

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By the product type, the market is primarily split into

  • Raw Tung Oil
  • Boiled Tung Oil

By the end users/application, this report covers the following segments

  • Wood Finishing
  • Electronic

Table of Contents

1 Market Overview

1.1 Tung Oil Introduction

1.2 Market Analysis by Type

1.3 Market Analysis by Applications

1.4 Market Analysis by Regions

1.4.1 North America (United States, Canada and Mexico)

1.4.1.1 United States Market States and Outlook (2014-2024)

1.4.1.2 Canada Market States and Outlook (2014-2024)

1.4.1.3 Mexico Market States and Outlook (2014-2024)

1.4.2 Europe (Germany, France, UK, Russia and Italy)

1.4.2.1 Germany Market States and Outlook (2014-2024)

1.4.2.2 France Market States and Outlook (2014-2024)

1.4.2.3 UK Market States and Outlook (2014-2024)

1.4.2.4 Russia Market States and Outlook (2014-2024)

1.4.2.5 Italy Market States and Outlook (2014-2024)

1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

1.4.3.1 China Market States and Outlook (2014-2024)

1.4.3.2 Japan Market States and Outlook (2014-2024)

1.4.3.3 Korea Market States and Outlook (2014-2024)

1.4.3.4 India Market States and Outlook (2014-2024)

1.4.3.5 Southeast Asia Market States and Outlook (2014-2024)

1.4.4 South America, Middle East and Africa

1.4.4.1 Brazil Market States and Outlook (2014-2024)

1.4.4.2 Egypt Market States and Outlook (2014-2024)

1.4.4.3 Saudi Arabia Market States and Outlook (2014-2024)

1.4.4.4 South Africa Market States and Outlook (2014-2024)

1.4.4.5 Turkey Market States and Outlook (2014-2024)

1.5 Market Dynamics

1.5.1 Market Opportunities

1.5.2 Market Risk

1.5.3 Market Driving Force

2 Manufacturers Profiles

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3 Global Tung Oil Sales, Revenue, Market Share and Competition by Manufacturer (2017-2018)

3.1 Global Tung Oil Sales and Market Share by Manufacturer (2017-2018)

3.2 Global Tung Oil Revenue and Market Share by Manufacturer (2017-2018)

3.3 Market Concentration Rate

3.3.1 Top 3 Tung Oil Manufacturer Market Share in 2018

3.3.2 Top 6 Tung Oil Manufacturer Market Share in 2018

3.4 Market Competition Trend

4 Global Tung Oil Market Analysis by Regions

4.1 Global Tung Oil Sales, Revenue and Market Share by Regions

4.1.1 Global Tung Oil Sales and Market Share by Regions (2014-2019)

4.1.2 Global Tung Oil Revenue and Market Share by Regions (2014-2019)

4.2 North America Tung Oil Sales and Growth Rate (2014-2019)

4.3 Europe Tung Oil Sales and Growth Rate (2014-2019)

4.4 Asia-Pacific Tung Oil Sales and Growth Rate (2014-2019)

4.5 South America Tung Oil Sales and Growth Rate (2014-2019)

4.6 Middle East and Africa Tung Oil Sales and Growth Rate (2014-2019)

5 North America Tung Oil by Country

5.1 North America Tung Oil Sales, Revenue and Market Share by Country

5.1.1 North America Tung Oil Sales and Market Share by Country (2014-2019)

5.1.2 North America Tung Oil Revenue and Market Share by Country (2014-2019)

5.2 United States Tung Oil Sales and Growth Rate (2014-2019)

5.3 Canada Tung Oil Sales and Growth Rate (2014-2019)

5.4 Mexico Tung Oil Sales and Growth Rate (2014-2019)

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8 South America Tung Oil by Country

8.1 South America Tung Oil Sales, Revenue and Market Share by Country

8.1.1 South America Tung Oil Sales and Market Share by Country (2014-2019)

8.1.2 South America Tung Oil Revenue and Market Share by Country (2014-2019)

8.2 Brazil Tung Oil Sales and Growth Rate (2014-2019)

8.3 Argentina Tung Oil Sales and Growth Rate (2014-2019)

8.4 Colombia Tung Oil Sales and Growth Rate (2014-2019)

9 Middle East and Africa Tung Oil by Countries

9.1 Middle East and Africa Tung Oil Sales, Revenue and Market Share by Country

9.1.1 Middle East and Africa Tung Oil Sales and Market Share by Country (2014-2019)

9.1.2 Middle East and Africa Tung Oil Revenue and Market Share by Country (2014-2019)

9.2 Saudi Arabia Tung Oil Sales and Growth Rate (2014-2019)

9.3 Turkey Tung Oil Sales and Growth Rate (2014-2019)

9.4 Egypt Tung Oil Sales and Growth Rate (2014-2019)

9.5 Nigeria Tung Oil Sales and Growth Rate (2014-2019)

9.6 South Africa Tung Oil Sales and Growth Rate (2014-2019)

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11 Global Tung Oil Market Segment by Application

11.1 Global Tung Oil Sales Market Share by Application (2014-2019)

11.2 Home Using Sales Growth (2014-2019)

11.3 Hospital Using Sales Growth (2014-2019)

11.4 Other Sales Growth (2014-2019)

12 Tung Oil Market Forecast (2019-2024)

12.1 Global Tung Oil Sales, Revenue and Growth Rate (2019-2024)

12.2 Tung Oil Market Forecast by Regions (2019-2024)

12.2.1 North America Tung Oil Market Forecast (2019-2024)

12.2.2 Europe Tung Oil Market Forecast (2019-2024)

12.2.3 Asia-Pacific Tung Oil Market Forecast (2019-2024)

12.2.4 South America Tung Oil Market Forecast (2019-2024)

12.2.5 Middle East and Africa Tung Oil Market Forecast (2019-2024)

12.3 Tung Oil Market Forecast by Type (2019-2024)

12.3.1 Global Tung Oil Sales Forecast by Type (2019-2024)

12.3.2 Global Tung Oil Market Share Forecast by Type (2019-2024)

12.4 Tung Oil Market Forecast by Application (2019-2024)

12.4.1 Global Tung Oil Sales Forecast by Application (2019-2024)

12.4.2 Global Tung Oil Market Share Forecast by Application (2019-2024)

13 Sales Channel, Distributors, Traders and Dealers

13.1 Sales Channel

13.1.1 Direct Marketing

13.1.2 Indirect Marketing

13.1.3 Marketing Channel Future Trend

13.2 Distributors, Traders and Dealers

14 Research Findings and Conclusion

15 Appendix

15.1 Methodology

15.2 Data Source

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