Tung Oil Market Size Comprehend by Market overview, Opportunities, Market Driving Force, Market Risks and Forecast to 2024 Research Report by Absolute Reports

(The Express Wire via Comtex)

"Final Report will add the analysis of the impact of COVID-19 on this industry."

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.

Tung Oil Market” forecast 2024 report describes detailed study of industrial growth rate segmented by types, applications, and manufactures. Tung Oil market report also gives deep information on future opportunities, product specifications, market share, competition landscape, industry share and market size estimation. Also, this report includes Tung Oil industry trends by regions, industry segment, drivers, regions, drivers, CAGR analysis, manufacturing cost analysis and market challenges.

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Global Market, by Manufacturers:

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

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Tung Oil Market Types

● Raw Tung Oil
● Boiled Tung Oil

Tung Oil Market Applications:

● Wood Finishing
● Electronic

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Tung Oil industry share including production data, market challenges, sales profit, upstream raw materials sourcing, downstream buyers, consumption, import, export, trade data, price, gross margin, analysis and forecast etc.

Scope of Report:

● 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 44489 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 USD in 2024, from 270 million USD 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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Global Tung Oil Market, by Regions:

● North America (United States, Canada and Mexico)
● Europe (Germany, France, UK, Russia and Italy)
● Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
● South America (Brazil, Argentina, Colombia etc.)
● Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Key questions answered in the Tung Oil Market Report:

● What are product scope, overview, opportunities, risk, and driving force of Tung Oil market?
● What are sales, revenue, and price analysis of top manufacturers of Tung Oil?
● What is upcoming technology advancements of Tung Oil market?
● What are regional analysis by types and applications of Tung Oil?
● What is price trends with upstream raw materials sourcing, downstream buyers?
● What is sourcing strategy and growth prospects of Tung Oil market?

The content of the study subjects, includes a total of 15 chapters:

● Chapter 1, to describe Tung Oil product scope, market overview, market opportunities, market driving force and market risks.
● Chapter 2, to profile the top manufacturers of Tung Oil, with price, sales, revenue and global market share of Tung Oil in 2017 and 2018.
● Chapter 3, the Tung Oil competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
● Chapter 4, the Tung Oil breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2013 to 2019.
● Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2013 to 2019.
● Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2013 to 2019.
● Chapter 12, Tung Oil market trends, forecast, by regions, type and application, with sales and revenue, from 2019 to 2023.
● Chapter 13, 14 and 15, to describe Tung Oil sales channel, distributors, customers, research findings and conclusion, appendix and data source.

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Table of Contents of Tung Oil Market:

1 Market Overview

1.1 Tung Oil Introduction

1.2 Market Analysis by Type

1.2.1 Type 1

1.2.2 Type 2

1.3 Market Analysis by Applications

1.3.1 Application 1

1.3.2 Application 2

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 (2024)

1.4.1.2 Canada Market States and Outlook (2024)

1.4.1.3 Mexico Market States and Outlook (2024)

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

1.4.2.1 Germany Market States and Outlook (2024)

1.4.2.2 France Market States and Outlook (2024)

1.4.2.3 UK Market States and Outlook (2024)

1.4.2.4 Russia Market States and Outlook (2024)

1.4.2.5 Italy Market States and Outlook (2024)

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

1.4.3.1 China Market States and Outlook (2024)

1.4.3.2 Japan Market States and Outlook (2024)

1.4.3.3 Korea Market States and Outlook (2024)

1.4.3.4 India Market States and Outlook (2024)

1.4.3.5 Southeast Asia Market States and Outlook (2024)

1.4.4 South America, Middle East and Africa

1.4.4.1 Brazil Market States and Outlook (2024)

1.4.4.2 Egypt Market States and Outlook (2024)

1.4.4.3 Saudi Arabia Market States and Outlook (2024)

1.4.4.4 South Africa Market States and Outlook (2024)

1.4.4.5 Turkey Market States and Outlook (2024)

…..

Continued..

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