Global Tung Oil Supply, Demand and Key Producers, 2026-2032

January 2026 | 90 pages | ID: G124D1FB0250EN
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The global Tung Oil market size is expected to reach $ 285 million by 2032, rising at a market growth of 2.5% CAGR during the forecast period (2026-2032).

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.

North America is the largest Tung Oil market with about 34% market share. China is follower, accounting for about 23% market share.

The key manufacturers are Oleaginosa RAATZ, Wuzhou Oasis Chemicals, Xunyang Mingwen Oil, Qiubei County Shuanglong Oil, Jinxing Tung Oil etc. Top 3 companies occupied about 58% market share.

This report studies the global Tung Oil production, demand, key manufacturers, and key regions.

This report is a detailed and comprehensive analysis of the world market for Tung Oil and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Tung Oil that contribute to its increasing demand across many markets.

Highlights and key features of the study

Global Tung Oil total production and demand, 2021-2032, (MT)

Global Tung Oil total production value, 2021-2032, (USD Million)

Global Tung Oil production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (MT), (based on production site)

Global Tung Oil consumption by region & country, CAGR, 2021-2032 & (MT)

U.S. VS China: Tung Oil domestic production, consumption, key domestic manufacturers and share

Global Tung Oil production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (MT)

Global Tung Oil production by Type, production, value, CAGR, 2021-2032, (USD Million) & (MT)

Global Tung Oil production by Application, production, value, CAGR, 2021-2032, (USD Million) & (MT)

This report profiles key players in the global Tung Oil market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Oleaginosa RAATZ, Wuzhou Oasis Chemicals, Xunyang Mingwen Oil, Qiubei County Shuanglong Oil, Jinxing Tung Oil, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Tung Oil market

Detailed Segmentation:

Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (MT) and average price (USD/MT) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.

Global Tung Oil Market, By Region:
  • United States
  • China
  • Europe
  • Japan
  • South Korea
  • ASEAN
  • India
  • Rest of World
Global Tung Oil Market, Segmentation by Type:
  • Raw Tung Oil
  • Boiled Tung Oil
Global Tung Oil Market, Segmentation by Application:
  • Wood Finishing
  • Electronic
Companies Profiled:
  • Oleaginosa RAATZ
  • Wuzhou Oasis Chemicals
  • Xunyang Mingwen Oil
  • Qiubei County Shuanglong Oil
  • Jinxing Tung Oil
Key Questions Answered:
1. How big is the global Tung Oil market?
2. What is the demand of the global Tung Oil market?
3. What is the year over year growth of the global Tung Oil market?
4. What is the production and production value of the global Tung Oil market?
5. Who are the key producers in the global Tung Oil market?
6. What are the growth factors driving the market demand?
1 SUPPLY SUMMARY

1.1 Tung Oil Introduction
1.2 World Tung Oil Supply & Forecast
  1.2.1 World Tung Oil Production Value (2021 & 2025 & 2032)
  1.2.2 World Tung Oil Production (2021-2032)
  1.2.3 World Tung Oil Pricing Trends (2021-2032)
1.3 World Tung Oil Production by Region (Based on Production Site)
  1.3.1 World Tung Oil Production Value by Region (2021-2032)
  1.3.2 World Tung Oil Production by Region (2021-2032)
  1.3.3 World Tung Oil Average Price by Region (2021-2032)
  1.3.4 North America Tung Oil Production (2021-2032)
  1.3.5 Europe Tung Oil Production (2021-2032)
  1.3.6 China Tung Oil Production (2021-2032)
  1.3.7 Japan Tung Oil Production (2021-2032)
1.4 Market Drivers, Restraints and Trends
  1.4.1 Tung Oil Market Drivers
  1.4.2 Factors Affecting Demand
  1.4.3 Tung Oil Major Market Trends

2 DEMAND SUMMARY

2.1 World Tung Oil Demand (2021-2032)
2.2 World Tung Oil Consumption by Region
  2.2.1 World Tung Oil Consumption by Region (2021-2026)
  2.2.2 World Tung Oil Consumption Forecast by Region (2027-2032)
2.3 United States Tung Oil Consumption (2021-2032)
2.4 China Tung Oil Consumption (2021-2032)
2.5 Europe Tung Oil Consumption (2021-2032)
2.6 Japan Tung Oil Consumption (2021-2032)
2.7 South Korea Tung Oil Consumption (2021-2032)
2.8 ASEAN Tung Oil Consumption (2021-2032)
2.9 India Tung Oil Consumption (2021-2032)

3 WORLD MANUFACTURERS COMPETITIVE ANALYSIS

3.1 World Tung Oil Production Value by Manufacturer (2021-2026)
3.2 World Tung Oil Production by Manufacturer (2021-2026)
3.3 World Tung Oil Average Price by Manufacturer (2021-2026)
3.4 Tung Oil Company Evaluation Quadrant
3.5 Industry Rank and Concentration Rate (CR)
  3.5.1 Global Tung Oil Industry Rank of Major Manufacturers
  3.5.2 Global Concentration Ratios (CR4) for Tung Oil in 2025
  3.5.3 Global Concentration Ratios (CR8) for Tung Oil in 2025
3.6 Tung Oil Market: Overall Company Footprint Analysis
  3.6.1 Tung Oil Market: Region Footprint
  3.6.2 Tung Oil Market: Company Product Type Footprint
  3.6.3 Tung Oil Market: Company Product Application Footprint
3.7 Competitive Environment
  3.7.1 Historical Structure of the Industry
  3.7.2 Barriers of Market Entry
  3.7.3 Factors of Competition
3.8 New Entrant and Capacity Expansion Plans
3.9 Mergers, Acquisition, Agreements, and Collaborations

4 UNITED STATES VS CHINA VS REST OF THE WORLD

4.1 United States VS China: Tung Oil Production Value Comparison
  4.1.1 United States VS China: Tung Oil Production Value Comparison (2021 & 2025 & 2032)
  4.1.2 United States VS China: Tung Oil Production Value Market Share Comparison (2021 & 2025 & 2032)
4.2 United States VS China: Tung Oil Production Comparison
  4.2.1 United States VS China: Tung Oil Production Comparison (2021 & 2025 & 2032)
  4.2.2 United States VS China: Tung Oil Production Market Share Comparison (2021 & 2025 & 2032)
4.3 United States VS China: Tung Oil Consumption Comparison
  4.3.1 United States VS China: Tung Oil Consumption Comparison (2021 & 2025 & 2032)
  4.3.2 United States VS China: Tung Oil Consumption Market Share Comparison (2021 & 2025 & 2032)
4.4 United States Based Tung Oil Manufacturers and Market Share, 2021-2026
  4.4.1 United States Based Tung Oil Manufacturers, Headquarters and Production Site (States, Country)
  4.4.2 United States Based Manufacturers Tung Oil Production Value (2021-2026)
  4.4.3 United States Based Manufacturers Tung Oil Production (2021-2026)
4.5 China Based Tung Oil Manufacturers and Market Share
  4.5.1 China Based Tung Oil Manufacturers, Headquarters and Production Site (Province, Country)
  4.5.2 China Based Manufacturers Tung Oil Production Value (2021-2026)
  4.5.3 China Based Manufacturers Tung Oil Production (2021-2026)
4.6 Rest of World Based Tung Oil Manufacturers and Market Share, 2021-2026
  4.6.1 Rest of World Based Tung Oil Manufacturers, Headquarters and Production Site (State, Country)
  4.6.2 Rest of World Based Manufacturers Tung Oil Production Value (2021-2026)
  4.6.3 Rest of World Based Manufacturers Tung Oil Production (2021-2026)

5 MARKET ANALYSIS BY TYPE

5.1 World Tung Oil Market Size Overview by Type: 2021 VS 2025 VS 2032
5.2 Segment Introduction by Type
  5.2.1 Raw Tung Oil
  5.2.2 Boiled Tung Oil
5.3 Market Segment by Type
  5.3.1 World Tung Oil Production by Type (2021-2032)
  5.3.2 World Tung Oil Production Value by Type (2021-2032)
  5.3.3 World Tung Oil Average Price by Type (2021-2032)

6 MARKET ANALYSIS BY APPLICATION

6.1 World Tung Oil Market Size Overview by Application: 2021 VS 2025 VS 2032
6.2 Segment Introduction by Application
  6.2.1 Wood Finishing
  6.2.2 Electronic
6.3 Market Segment by Application
  6.3.1 World Tung Oil Production by Application (2021-2032)
  6.3.2 World Tung Oil Production Value by Application (2021-2032)
  6.3.3 World Tung Oil Average Price by Application (2021-2032)

7 COMPANY PROFILES

7.1 Oleaginosa RAATZ
  7.1.1 Oleaginosa RAATZ Details
  7.1.2 Oleaginosa RAATZ Major Business
  7.1.3 Oleaginosa RAATZ Tung Oil Product and Services
  7.1.4 Oleaginosa RAATZ Tung Oil Production, Price, Value, Gross Margin and Market Share (2021-2026)
  7.1.5 Oleaginosa RAATZ Recent Developments/Updates
  7.1.6 Oleaginosa RAATZ Competitive Strengths & Weaknesses
7.2 Wuzhou Oasis Chemicals
  7.2.1 Wuzhou Oasis Chemicals Details
  7.2.2 Wuzhou Oasis Chemicals Major Business
  7.2.3 Wuzhou Oasis Chemicals Tung Oil Product and Services
  7.2.4 Wuzhou Oasis Chemicals Tung Oil Production, Price, Value, Gross Margin and Market Share (2021-2026)
  7.2.5 Wuzhou Oasis Chemicals Recent Developments/Updates
  7.2.6 Wuzhou Oasis Chemicals Competitive Strengths & Weaknesses
7.3 Xunyang Mingwen Oil
  7.3.1 Xunyang Mingwen Oil Details
  7.3.2 Xunyang Mingwen Oil Major Business
  7.3.3 Xunyang Mingwen Oil Tung Oil Product and Services
  7.3.4 Xunyang Mingwen Oil Tung Oil Production, Price, Value, Gross Margin and Market Share (2021-2026)
  7.3.5 Xunyang Mingwen Oil Recent Developments/Updates
  7.3.6 Xunyang Mingwen Oil Competitive Strengths & Weaknesses
7.4 Qiubei County Shuanglong Oil
  7.4.1 Qiubei County Shuanglong Oil Details
  7.4.2 Qiubei County Shuanglong Oil Major Business
  7.4.3 Qiubei County Shuanglong Oil Tung Oil Product and Services
  7.4.4 Qiubei County Shuanglong Oil Tung Oil Production, Price, Value, Gross Margin and Market Share (2021-2026)
  7.4.5 Qiubei County Shuanglong Oil Recent Developments/Updates
  7.4.6 Qiubei County Shuanglong Oil Competitive Strengths & Weaknesses
7.5 Jinxing Tung Oil
  7.5.1 Jinxing Tung Oil Details
  7.5.2 Jinxing Tung Oil Major Business
  7.5.3 Jinxing Tung Oil Tung Oil Product and Services
  7.5.4 Jinxing Tung Oil Tung Oil Production, Price, Value, Gross Margin and Market Share (2021-2026)
  7.5.5 Jinxing Tung Oil Recent Developments/Updates
  7.5.6 Jinxing Tung Oil Competitive Strengths & Weaknesses

8 INDUSTRY CHAIN ANALYSIS

8.1 Tung Oil Industry Chain
8.2 Tung Oil Upstream Analysis
  8.2.1 Tung Oil Core Raw Materials
  8.2.2 Main Manufacturers of Tung Oil Core Raw Materials
8.3 Midstream Analysis
8.4 Downstream Analysis
8.5 Tung Oil Production Mode
8.6 Tung Oil Procurement Model
8.7 Tung Oil Industry Sales Model and Sales Channels
  8.7.1 Tung Oil Sales Model
  8.7.2 Tung Oil Typical Distributors

9 RESEARCH FINDINGS AND CONCLUSION

10 APPENDIX

10.1 Methodology
10.2 Research Process and Data Source
10.3 Disclaimer
LIST OF TABLES

Table 1. World Tung Oil Production Value by Region (2021, 2025 and 2032) & (USD Million)
Table 2. World Tung Oil Production Value by Region (2021-2026) & (USD Million)
Table 3. World Tung Oil Production Value by Region (2027-2032) & (USD Million)
Table 4. World Tung Oil Production Value Market Share by Region (2021-2026)
Table 5. World Tung Oil Production Value Market Share by Region (2027-2032)
Table 6. World Tung Oil Production by Region (2021-2026) & (MT)
Table 7. World Tung Oil Production by Region (2027-2032) & (MT)
Table 8. World Tung Oil Production Market Share by Region (2021-2026)
Table 9. World Tung Oil Production Market Share by Region (2027-2032)
Table 10. World Tung Oil Average Price by Region (2021-2026) & (USD/MT)
Table 11. World Tung Oil Average Price by Region (2027-2032) & (USD/MT)
Table 12. Tung Oil Major Market Trends
Table 13. World Tung Oil Consumption Growth Rate Forecast by Region (2021 & 2025 & 2032) & (MT)
Table 14. World Tung Oil Consumption by Region (2021-2026) & (MT)
Table 15. World Tung Oil Consumption Forecast by Region (2027-2032) & (MT)
Table 16. World Tung Oil Production Value by Manufacturer (2021-2026) & (USD Million)
Table 17. Production Value Market Share of Key Tung Oil Producers in 2025
Table 18. World Tung Oil Production by Manufacturer (2021-2026) & (MT)
Table 19. Production Market Share of Key Tung Oil Producers in 2025
Table 20. World Tung Oil Average Price by Manufacturer (2021-2026) & (USD/MT)
Table 21. Global Tung Oil Company Evaluation Quadrant
Table 22. World Tung Oil Industry Rank of Major Manufacturers, Based on Production Value in 2025
Table 23. Head Office and Tung Oil Production Site of Key Manufacturer
Table 24. Tung Oil Market: Company Product Type Footprint
Table 25. Tung Oil Market: Company Product Application Footprint
Table 26. Tung Oil Competitive Factors
Table 27. Tung Oil New Entrant and Capacity Expansion Plans
Table 28. Tung Oil Mergers & Acquisitions Activity
Table 29. United States VS China Tung Oil Production Value Comparison, (2021 & 2025 & 2032) & (USD Million)
Table 30. United States VS China Tung Oil Production Comparison, (2021 & 2025 & 2032) & (MT)
Table 31. United States VS China Tung Oil Consumption Comparison, (2021 & 2025 & 2032) & (MT)
Table 32. United States Based Tung Oil Manufacturers, Headquarters and Production Site (States, Country)
Table 33. United States Based Manufacturers Tung Oil Production Value, (2021-2026) & (USD Million)
Table 34. United States Based Manufacturers Tung Oil Production Value Market Share (2021-2026)
Table 35. United States Based Manufacturers Tung Oil Production (2021-2026) & (MT)
Table 36. United States Based Manufacturers Tung Oil Production Market Share (2021-2026)
Table 37. China Based Tung Oil Manufacturers, Headquarters and Production Site (Province, Country)
Table 38. China Based Manufacturers Tung Oil Production Value, (2021-2026) & (USD Million)
Table 39. China Based Manufacturers Tung Oil Production Value Market Share (2021-2026)
Table 40. China Based Manufacturers Tung Oil Production, (2021-2026) & (MT)
Table 41. China Based Manufacturers Tung Oil Production Market Share (2021-2026)
Table 42. Rest of World Based Tung Oil Manufacturers, Headquarters and Production Site (State, Country)
Table 43. Rest of World Based Manufacturers Tung Oil Production Value, (2021-2026) & (USD Million)
Table 44. Rest of World Based Manufacturers Tung Oil Production Value Market Share (2021-2026)
Table 45. Rest of World Based Manufacturers Tung Oil Production, (2021-2026) & (MT)
Table 46. Rest of World Based Manufacturers Tung Oil Production Market Share (2021-2026)
Table 47. World Tung Oil Production Value by Type, (USD Million), 2021 & 2025 & 2032
Table 48. World Tung Oil Production by Type (2021-2026) & (MT)
Table 49. World Tung Oil Production by Type (2027-2032) & (MT)
Table 50. World Tung Oil Production Value by Type (2021-2026) & (USD Million)
Table 51. World Tung Oil Production Value by Type (2027-2032) & (USD Million)
Table 52. World Tung Oil Average Price by Type (2021-2026) & (USD/MT)
Table 53. World Tung Oil Average Price by Type (2027-2032) & (USD/MT)
Table 54. World Tung Oil Production Value by Application, (USD Million), 2021 & 2025 & 2032
Table 55. World Tung Oil Production by Application (2021-2026) & (MT)
Table 56. World Tung Oil Production by Application (2027-2032) & (MT)
Table 57. World Tung Oil Production Value by Application (2021-2026) & (USD Million)
Table 58. World Tung Oil Production Value by Application (2027-2032) & (USD Million)
Table 59. World Tung Oil Average Price by Application (2021-2026) & (USD/MT)
Table 60. World Tung Oil Average Price by Application (2027-2032) & (USD/MT)
Table 61. Oleaginosa RAATZ Basic Information, Manufacturing Base and Competitors
Table 62. Oleaginosa RAATZ Major Business
Table 63. Oleaginosa RAATZ Tung Oil Product and Services
Table 64. Oleaginosa RAATZ Tung Oil Production (MT), Price (USD/MT), Production Value (USD Million), Gross Margin and Market Share (2021-2026)
Table 65. Oleaginosa RAATZ Recent Developments/Updates
Table 66. Oleaginosa RAATZ Competitive Strengths & Weaknesses
Table 67. Wuzhou Oasis Chemicals Basic Information, Manufacturing Base and Competitors
Table 68. Wuzhou Oasis Chemicals Major Business
Table 69. Wuzhou Oasis Chemicals Tung Oil Product and Services
Table 70. Wuzhou Oasis Chemicals Tung Oil Production (MT), Price (USD/MT), Production Value (USD Million), Gross Margin and Market Share (2021-2026)
Table 71. Wuzhou Oasis Chemicals Recent Developments/Updates
Table 72. Wuzhou Oasis Chemicals Competitive Strengths & Weaknesses
Table 73. Xunyang Mingwen Oil Basic Information, Manufacturing Base and Competitors
Table 74. Xunyang Mingwen Oil Major Business
Table 75. Xunyang Mingwen Oil Tung Oil Product and Services
Table 76. Xunyang Mingwen Oil Tung Oil Production (MT), Price (USD/MT), Production Value (USD Million), Gross Margin and Market Share (2021-2026)
Table 77. Xunyang Mingwen Oil Recent Developments/Updates
Table 78. Xunyang Mingwen Oil Competitive Strengths & Weaknesses
Table 79. Qiubei County Shuanglong Oil Basic Information, Manufacturing Base and Competitors
Table 80. Qiubei County Shuanglong Oil Major Business
Table 81. Qiubei County Shuanglong Oil Tung Oil Product and Services
Table 82. Qiubei County Shuanglong Oil Tung Oil Production (MT), Price (USD/MT), Production Value (USD Million), Gross Margin and Market Share (2021-2026)
Table 83. Qiubei County Shuanglong Oil Recent Developments/Updates
Table 84. Qiubei County Shuanglong Oil Competitive Strengths & Weaknesses
Table 85. Jinxing Tung Oil Basic Information, Manufacturing Base and Competitors
Table 86. Jinxing Tung Oil Major Business
Table 87. Jinxing Tung Oil Tung Oil Product and Services
Table 88. Jinxing Tung Oil Tung Oil Production (MT), Price (USD/MT), Production Value (USD Million), Gross Margin and Market Share (2021-2026)
Table 89. Jinxing Tung Oil Recent Developments/Updates
Table 90. Jinxing Tung Oil Competitive Strengths & Weaknesses
Table 91. Global Key Players of Tung Oil Upstream (Raw Materials)
Table 92. Global Tung Oil Typical Customers
Table 93. Tung Oil Typical Distributors

LIST OF FIGURES

Figure 1. Tung Oil Picture
Figure 2. World Tung Oil Production Value: 2021 & 2025 & 2032, (USD Million)
Figure 3. World Tung Oil Production Value and Forecast (2021-2032) & (USD Million)
Figure 4. World Tung Oil Production (2021-2032) & (MT)
Figure 5. World Tung Oil Average Price (2021-2032) & (USD/MT)
Figure 6. World Tung Oil Production Value Market Share by Region (2021-2032)
Figure 7. World Tung Oil Production Market Share by Region (2021-2032)
Figure 8. North America Tung Oil Production (2021-2032) & (MT)
Figure 9. Europe Tung Oil Production (2021-2032) & (MT)
Figure 10. China Tung Oil Production (2021-2032) & (MT)
Figure 11. Japan Tung Oil Production (2021-2032) & (MT)
Figure 12. Tung Oil Market Drivers
Figure 13. Factors Affecting Demand
Figure 14. World Tung Oil Consumption (2021-2032) & (MT)
Figure 15. World Tung Oil Consumption Market Share by Region (2021-2032)
Figure 16. United States Tung Oil Consumption (2021-2032) & (MT)
Figure 17. China Tung Oil Consumption (2021-2032) & (MT)
Figure 18. Europe Tung Oil Consumption (2021-2032) & (MT)
Figure 19. Japan Tung Oil Consumption (2021-2032) & (MT)
Figure 20. South Korea Tung Oil Consumption (2021-2032) & (MT)
Figure 21. ASEAN Tung Oil Consumption (2021-2032) & (MT)
Figure 22. India Tung Oil Consumption (2021-2032) & (MT)
Figure 23. Producer Shipments of Tung Oil by Manufacturer Revenue ($MM) and Market Share (%): 2025
Figure 24. Global Four-firm Concentration Ratios (CR4) for Tung Oil Markets in 2025
Figure 25. Global Four-firm Concentration Ratios (CR8) for Tung Oil Markets in 2025
Figure 26. United States VS China: Tung Oil Production Value Market Share Comparison (2021 & 2025 & 2032)
Figure 27. United States VS China: Tung Oil Production Market Share Comparison (2021 & 2025 & 2032)
Figure 28. United States VS China: Tung Oil Consumption Market Share Comparison (2021 & 2025 & 2032)
Figure 29. United States Based Manufacturers Tung Oil Production Market Share 2025
Figure 30. China Based Manufacturers Tung Oil Production Market Share 2025
Figure 31. Rest of World Based Manufacturers Tung Oil Production Market Share 2025
Figure 32. World Tung Oil Production Value by Type, (USD Million), 2021 & 2025 & 2032
Figure 33. World Tung Oil Production Value Market Share by Type in 2025
Figure 34. Raw Tung Oil
Figure 35. Boiled Tung Oil
Figure 36. World Tung Oil Production Market Share by Type (2021-2032)
Figure 37. World Tung Oil Production Value Market Share by Type (2021-2032)
Figure 38. World Tung Oil Average Price by Type (2021-2032) & (USD/MT)
Figure 39. World Tung Oil Production Value by Application, (USD Million), 2021 & 2025 & 2032
Figure 40. World Tung Oil Production Value Market Share by Application in 2025
Figure 41. Wood Finishing
Figure 42. Electronic
Figure 43. World Tung Oil Production Market Share by Application (2021-2032)
Figure 44. World Tung Oil Production Value Market Share by Application (2021-2032)
Figure 45. World Tung Oil Average Price by Application (2021-2032) & (USD/MT)
Figure 46. Tung Oil Industry Chain
Figure 47. Tung Oil Procurement Model
Figure 48. Tung Oil Sales Model
Figure 49. Tung Oil Sales Channels, Direct Sales, and Distribution
Figure 50. Methodology
Figure 51. Research Process and Data Source


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