Futures and Commodity Market News

Tung Oil Market Size 2021-2026: Research Report by Key Companies, Future Trend, Pipeline Projects, Product, Application, Growth and Regional Forecasts

Jan 11, 2021 (The Expresswire) --

2021Tung Oil Market “Size, Status And Forecast 2026

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.

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 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. We interviewed the chairman and manager of the major manufacturers. In addition, We also interviewed local growers. We 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.

Market Analysis and Insights: Global Tung Oil Market

The global Tung Oil market is valued at 287 million USD in 2021 is expected to reach 344.2 million USD by the end of 2026, growing at a CAGR of 2.6% during 2021-2026.

Global Tung Oil Market: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the marketâs growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and also about each type from 2015 to 2026. This section mentions the volume of production by region from 2015 to 2026. Pricing analysis is included in the report according to each type from the year 2015 to 2026, manufacturer from 2015 to 2021, region from 2015 to 2021, and global price from 2015 to 2026.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expertâs opinions have been taken to understand the market bette

TO UNDERSTAND HOW COVID-19 IMPACT IS COVERED IN THIS REPORT - REQUEST SAMPLE

List Of TOP KEY PLAYERS in Tung Oil Market Report are:

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

Get a sample copy of the Tung Oil market report 2021

A holistic research of the marketis formedby consideringa spreadof things, from demographics conditions and business cyclesduring aparticular country to market-specific microeconomic impacts. The study found the shift in market paradigms in terms of regional competitive advantageand therefore thecompetitive landscape of major players. Downstream demand analysis and upstream raw materials and equipment additionally administer. With tables and figures helping analyze worldwide Global Tung Oil Market Forecast this research provides key statistics on the state of the industry and should be a valuable source of guidance and direction for companies and individuals interested in the market.

On the thought of the product, this report displays the assembly, revenue, price, market share and rate of growth of each type, primarily split into

● Raw Tung Oil
● Boiled Tung Oil

On the thought of the highest users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and rate of growth for each application, including

● Wood Finishing
● Electronic

Get a Sample PDF of report @https://www.360marketupdates.com/enquiry/request-sample/14843654

Major regions covered within the report:

● North America
● Europe
● Asia-Pacific
● Latin America
● Middle East Africa

The global Tung Oil market is anticipated to rise at a considerable rate during the forecast period, between 2021 and 2026. In 2021, the market was growing at a mild rate and with the rising adoption of strategies by key players, the market is predicted to rise over the projected horizon. The report also tracks the most recent market dynamics, like driving factors, restraining factors, and industry news like mergers, acquisitions, and investments.

The report can help to know the market and strategize for business expansion accordingly. Within the strategy analysis, it gives insights from market positioning and marketing channel to potential growth strategies, providing in-depth analysis for brand fresh entrants or exists competitors within the Tung Oil industry. Global Tung Oil Market Report 2021 provides exclusive statistics, data, information, trends and competitive landscape details during this niche sector.

Fill the Pre-Order Enquiry form for the report@https://www.360marketupdates.com /enquiry/pre-order-enquiry/14843654

Major Points from Table of Contents:

1ReportOverview

1.1StudyScope

1.2KeyMarketSegments

1.3PlayersCovered:RankingbyTung OilRevenue

1.4MarketAnalysisbyType

1.5MarketbyApplication

1.6StudyObjectives

1.7YearsConsidered

2GlobalGrowthTrendsbyRegions

2.1Tung OilMarketPerspective(2015-2026)