Tung Oil market analysis by latest trends, demand, key companies and sales data

Tung oil or China wood oil is extracted from the seeds of tung trees that are commonly found in China and other Asian countries. Tung oil is used as drying oil and mattifying agent for wood and metal surfaces such as wood floors, furniture, and musical instruments. It creates waterproof and protective finish layer on wood and other porous surfaces.

The demand for tung oil is expected to increase during the forecast period, owing to increasing consumption of wooden furniture across the globe. For instance, according to the Indian Brand Equity Foundation (IBFE), the over US$ 150 million of wooden furniture in imported in India.

Top Key Players in Tung Oil  market: Oleaginosa RAATZ, Qiubei Country Shuanglong Oil, Jinxing Tung Oil, Wuzhou Oasis Chemicals, Xunyang Mingwen Oil, and ConnOils LLC, among others.

Regional Analysis For Tung Oil  Market:

Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Tung Oil market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.

Moreover, tung oil offers deep penetration into timber and provides matte finish that offers resistance against water and other liquids, thereby increasing the life of a furniture. Moreover, rising infrastructural activities in emerging economies such as India and China among others also supports growth of the market.

• Among application, wood finishing segment is expected to account for a significant market share during the forecast period, owing to rising sales of wooden furniture across the globe. For instance, according to the Forest Industries Intelligence (FII), the imported wooden furniture in Europe accounted for over US$ 8.3 billion in the year 2019. Moreover, in 2019, internal Europe trade in wood furniture was valued at US$ 25.3 billion, 3% additional from 2018. The foresaid factors are the key factors that are expected to boost growth of the tung oil market.
• On the basis of region, North America is expected to grow at a significant rate during the forecast period, owing to presence of huge consumer base in the region. It is estimated that out the total furniture sold in the U.S. 85% furniture were wooden based thereby expected to increase the market growth. On the other hand, Asia Pacific is expected to exhibit the highest CAGR, owing to increasing infrastructure activities in the region. Moreover, the Food and Agriculture Organization of the United States suggests that China is the major producer of tung oil across the globe. The aforesaid reasons are some of the key factors contributing to growth of the market.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

Tung oil or China wood oil is extracted from the seeds of tung trees that are commonly found in China and other Asian countries. Tung oil is used as drying oil and mattifying agent for wood and metal surfaces such as wood floors, furniture, and musical instruments. It creates waterproof and protective finish layer on wood and other porous surfaces.

The demand for tung oil is expected to increase during the forecast period, owing to increasing consumption of wooden furniture across the globe. For instance, according to the Indian Brand Equity Foundation (IBFE), the over US$ 150 million of wooden furniture in imported in India.

Top Key Players in Tung Oil  market: Oleaginosa RAATZ, Qiubei Country Shuanglong Oil, Jinxing Tung Oil, Wuzhou Oasis Chemicals, Xunyang Mingwen Oil, and ConnOils LLC, among others.

Regional Analysis For Tung Oil  Market:

Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Tung Oil market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.

Moreover, tung oil offers deep penetration into timber and provides matte finish that offers resistance against water and other liquids, thereby increasing the life of a furniture. Moreover, rising infrastructural activities in emerging economies such as India and China among others also supports growth of the market.

• Among application, wood finishing segment is expected to account for a significant market share during the forecast period, owing to rising sales of wooden furniture across the globe. For instance, according to the Forest Industries Intelligence (FII), the imported wooden furniture in Europe accounted for over US$ 8.3 billion in the year 2019. Moreover, in 2019, internal Europe trade in wood furniture was valued at US$ 25.3 billion, 3% additional from 2018. The foresaid factors are the key factors that are expected to boost growth of the tung oil market.
• On the basis of region, North America is expected to grow at a significant rate during the forecast period, owing to presence of huge consumer base in the region. It is estimated that out the total furniture sold in the U.S. 85% furniture were wooden based thereby expected to increase the market growth. On the other hand, Asia Pacific is expected to exhibit the highest CAGR, owing to increasing infrastructure activities in the region. Moreover, the Food and Agriculture Organization of the United States suggests that China is the major producer of tung oil across the globe. The aforesaid reasons are some of the key factors contributing to growth of the market.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com