Executive 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.
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.
Global Tung Oil market size will increase to 330 Million US$ by 2025, from 270 Million US$ in 2018, at a CAGR of 2.6% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Tung Oil.
This report researches the worldwide Tung Oil market size (value, capacity, production and consumption) in key regions like United States, Europe, Asia Pacific (China, Japan) and other regions.
This study categorizes the global Tung Oil breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.
The following manufacturers are covered in this report:
- Oleaginosa RAATZ
- Wuzhou Oasis Chemicals
- Xunyang Mingwen Oil
- Qiubei County Shuanglong Oil
- Jinxing Tung Oil
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Tung Oil Breakdown Data by Type
- Raw Tung Oil
- Boiled Tung Oil
- Tung Oil Breakdown Data by Application
- Wood Finishing
- Electronic
Tung Oil Production Breakdown Data by Region
- United States
- Europe
- China
- Japan
- Other Regions
The study objectives are:
- To analyze and research the global Tung Oil capacity, production, value, consumption, status and forecast;
- To focus on the key Tung Oil manufacturers and study the capacity, production, value, market share and development plans in next few years.
- To focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
- To define, describe and forecast the market by type, application and region.
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends and factors driving or inhibiting the market growth.
- To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
- To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Tung Oil :
- History Year: 2014-2018
- Base Year: 2018
- Estimated Year: 2019
- Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Table of Contents
Global Tung Oil Market Research Report 2019-2025, by Manufacturers, Regions, Types and Applications
1 Study Coverage
1.1 Tung Oil Product
1.2 Key Market Segments in This Study
1.3 Key Manufacturers Covered
1.4 Market by Type
1.4.1 Global Tung Oil Market Size Growth Rate by Type
1.4.2 Raw Tung Oil
1.4.3 Boiled Tung Oil
1.5 Market by Application
1.5.1 Global Tung Oil Market Size Growth Rate by Application
1.5.2 Wood Finishing
1.5.3 Electronic
1.6 Study Objectives
1.7 Years Considered
2 Executive Summary
2.1 Global Tung Oil Production
2.1.1 Global Tung Oil Revenue 2014-2025
2.1.2 Global Tung Oil Production 2014-2025
2.1.3 Global Tung Oil Capacity 2014-2025
2.1.4 Global Tung Oil Marketing Pricing and Trends
2.2 Tung Oil Growth Rate (CAGR) 2019-2025
2.3 Analysis of Competitive Landscape
2.3.1 Manufacturers Market Concentration Ratio (CR5 and HHI)
2.3.2 Key Tung Oil Manufacturers
2.4 Market Drivers, Trends and Issues
2.5 Macroscopic Indicator
2.5.1 GDP for Major Regions
2.5.2 Price of Raw Materials in Dollars: Evolution
3 Market Size by Manufacturers
3.1 Tung Oil Production by Manufacturers
3.1.1 Tung Oil Production by Manufacturers
3.1.2 Tung Oil Production Market Share by Manufacturers
3.2 Tung Oil Revenue by Manufacturers
3.2.1 Tung Oil Revenue by Manufacturers (2014-2019)
3.2.2 Tung Oil Revenue Share by Manufacturers (2014-2019)
3.3 Tung Oil Price by Manufacturers
3.4 Mergers & Acquisitions, Expansion Plans
4 Tung Oil Production by Regions
4.1 Global Tung Oil Production by Regions
4.1.1 Global Tung Oil Production Market Share by Regions
4.1.2 Global Tung Oil Revenue Market Share by Regions
4.2 United States
4.2.1 United States Tung Oil Production
4.2.2 United States Tung Oil Revenue
4.2.3 Key Players in United States
4.2.4 United States Tung Oil Import & Export
4.3 Europe
4.3.1 Europe Tung Oil Production
4.3.2 Europe Tung Oil Revenue
4.3.3 Key Players in Europe
4.3.4 Europe Tung Oil Import & Export
4.4 China
4.4.1 China Tung Oil Production
4.4.2 China Tung Oil Revenue
4.4.3 Key Players in China
4.4.4 China Tung Oil Import & Export
4.5 Japan
4.5.1 Japan Tung Oil Production
4.5.2 Japan Tung Oil Revenue
4.5.3 Key Players in Japan
4.5.4 Japan Tung Oil Import & Export
4.6 Other Regions
4.6.1 South Korea
4.6.2 India
4.6.3 Southeast Asia
…
8 Manufacturers Profiles
8.1 Oleaginosa RAATZ
8.1.1 Oleaginosa RAATZ Company Details
8.1.2 Company Description
8.1.3 Capacity, Production and Value of Tung Oil
8.1.4 Tung Oil Product Description
8.1.5 SWOT Analysis
8.2 Wuzhou Oasis Chemicals
8.2.1 Wuzhou Oasis Chemicals Company Details
8.2.2 Company Description
8.2.3 Capacity, Production and Value of Tung Oil
8.2.4 Tung Oil Product Description
8.2.5 SWOT Analysis
8.3 Xunyang Mingwen Oil
8.3.1 Xunyang Mingwen Oil Company Details
8.3.2 Company Description
8.3.3 Capacity, Production and Value of Tung Oil
8.3.4 Tung Oil Product Description
8.3.5 SWOT Analysis
8.4 Qiubei County Shuanglong Oil
8.4.1 Qiubei County Shuanglong Oil Company Details
8.4.2 Company Description
8.4.3 Capacity, Production and Value of Tung Oil
8.4.4 Tung Oil Product Description
8.4.5 SWOT Analysis
8.5 Jinxing Tung Oil
8.5.1 Jinxing Tung Oil Company Details
8.5.2 Company Description
8.5.3 Capacity, Production and Value of Tung Oil
8.5.4 Tung Oil Product Description
8.5.5 SWOT Analysis
Continuous…
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