Report Detail
Global Tung Oil Market Growth 2019-2024
- RnM2925046 |
- 11 February, 2019 |
- Global |
- 136 Pages |
- LPI(LP Information) |
- Other
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.
According to this study, over the next five years the Tung Oil market will register a 2.6% CAGR in terms of revenue, the global market size will reach US$ 320 million by 2024, from US$ 270 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Tung Oil business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Tung Oil market by product type, application, key manufacturers and key regions and countries.
This study considers the Tung Oil value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Raw Tung Oil
Boiled Tung Oil
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Wood Finishing
Electronic
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Oleaginosa RAATZ
Wuzhou Oasis Chemicals
Xunyang Mingwen Oil
Qiubei County Shuanglong Oil
Jinxing Tung Oil
...
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Tung Oil consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Tung Oil market by identifying its various subsegments.
Focuses on the key global Tung Oil manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Tung Oil with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Tung Oil submarkets, with respect to key regions (along with their respective key countries).
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.
Table of Contents
2019-2024 Global Tung Oil Consumption Market Report
1 Scope of the Report
- 1.1 Market Introduction
- 1.2 Research Objectives
- 1.3 Years Considered
- 1.4 Market Research Methodology
- 1.5 Economic Indicators
- 1.6 Currency Considered
2 Executive Summary
- 2.1 World Market Overview
- 2.1.1 Global Tung Oil Consumption 2014-2024
- 2.1.2 Tung Oil Consumption CAGR by Region
- 2.2 Tung Oil Segment by Type
- 2.2.1 Raw Tung Oil
- 2.2.2 Boiled Tung Oil
- 2.3 Tung Oil Consumption by Type
- 2.3.1 Global Tung Oil Consumption Market Share by Type (2014-2019)
- 2.3.2 Global Tung Oil Revenue and Market Share by Type (2014-2019)
- 2.3.3 Global Tung Oil Sale Price by Type (2014-2019)
- 2.4 Tung Oil Segment by Application
- 2.4.1 Wood Finishing
- 2.4.2 Electronic
- 2.5 Tung Oil Consumption by Application
- 2.5.1 Global Tung Oil Consumption Market Share by Application (2014-2019)
- 2.5.2 Global Tung Oil Value and Market Share by Application (2014-2019)
- 2.5.3 Global Tung Oil Sale Price by Application (2014-2019)
3 Global Tung Oil by Players
- 3.1 Global Tung Oil Sales Market Share by Players
- 3.1.1 Global Tung Oil Sales by Players (2017-2019)
- 3.1.2 Global Tung Oil Sales Market Share by Players (2017-2019)
- 3.2 Global Tung Oil Revenue Market Share by Players
- 3.2.1 Global Tung Oil Revenue by Players (2017-2019)
- 3.2.2 Global Tung Oil Revenue Market Share by Players (2017-2019)
- 3.3 Global Tung Oil Sale Price by Players
- 3.4 Global Tung Oil Manufacturing Base Distribution, Sales Area, Product Types by Players
- 3.4.1 Global Tung Oil Manufacturing Base Distribution and Sales Area by Players
- 3.4.2 Players Tung Oil Products Offered
- 3.5 Market Concentration Rate Analysis
- 3.5.1 Competition Landscape Analysis
- 3.5.2 Concentration Ratio (CR3, CR5 and CR10) (2017-2019)
- 3.6 New Products and Potential Entrants
- 3.7 Mergers & Acquisitions, Expansion
4 Tung Oil by Regions
- 4.1 Tung Oil by Regions
- 4.1.1 Global Tung Oil Consumption by Regions
- 4.1.2 Global Tung Oil Value by Regions
- 4.2 Americas Tung Oil Consumption Growth
- 4.3 APAC Tung Oil Consumption Growth
- 4.4 Europe Tung Oil Consumption Growth
- 4.5 Middle East & Africa Tung Oil Consumption Growth
5 Americas
- 5.1 Americas Tung Oil Consumption by Countries
- 5.1.1 Americas Tung Oil Consumption by Countries (2014-2019)
- 5.1.2 Americas Tung Oil Value by Countries (2014-2019)
- 5.2 Americas Tung Oil Consumption by Type
- 5.3 Americas Tung Oil Consumption by Application
- 5.4 United States
- 5.5 Canada
- 5.6 Mexico
- 5.7 Key Economic Indicators of Few Americas Countries
6 APAC
- 6.1 APAC Tung Oil Consumption by Countries
- 6.1.1 APAC Tung Oil Consumption by Countries (2014-2019)
- 6.1.2 APAC Tung Oil Value by Countries (2014-2019)
- 6.2 APAC Tung Oil Consumption by Type
- 6.3 APAC Tung Oil Consumption by Application
- 6.4 China
- 6.5 Japan
- 6.6 Korea
- 6.7 Southeast Asia
- 6.8 India
- 6.9 Australia
- 6.10 Key Economic Indicators of Few APAC Countries
7 Europe
- 7.1 Europe Tung Oil by Countries
- 7.1.1 Europe Tung Oil Consumption by Countries (2014-2019)
- 7.1.2 Europe Tung Oil Value by Countries (2014-2019)
- 7.2 Europe Tung Oil Consumption by Type
- 7.3 Europe Tung Oil Consumption by Application
- 7.4 Germany
- 7.5 France
- 7.6 UK
- 7.7 Italy
- 7.8 Russia
- 7.9 Spain
- 7.10 Key Economic Indicators of Few Europe Countries
8 Middle East & Africa
- 8.1 Middle East & Africa Tung Oil by Countries
- 8.1.1 Middle East & Africa Tung Oil Consumption by Countries (2014-2019)
- 8.1.2 Middle East & Africa Tung Oil Value by Countries (2014-2019)
- 8.2 Middle East & Africa Tung Oil Consumption by Type
- 8.3 Middle East & Africa Tung Oil Consumption by Application
- 8.4 Egypt
- 8.5 South Africa
- 8.6 Israel
- 8.7 Turkey
- 8.8 GCC Countries
9 Market Drivers, Challenges and Trends
- 9.1 Market Drivers and Impact
- 9.1.1 Growing Demand from Key Regions
- 9.1.2 Growing Demand from Key Applications and Potential Industries
- 9.2 Market Challenges and Impact
- 9.3 Market Trends
10 Marketing, Distributors and Customer
- 10.1 Sales Channel
- 10.1.1 Direct Channels
- 10.1.2 Indirect Channels
- 10.2 Tung Oil Distributors
- 10.3 Tung Oil Customer
11 Global Tung Oil Market Forecast
- 11.1 Global Tung Oil Consumption Forecast (2019-2024)
- 11.2 Global Tung Oil Forecast by Regions
- 11.2.1 Global Tung Oil Forecast by Regions (2019-2024)
- 11.2.2 Global Tung Oil Value Forecast by Regions (2019-2024)
- 11.2.3 Americas Consumption Forecast
- 11.2.4 APAC Consumption Forecast
- 11.2.5 Europe Consumption Forecast
- 11.2.6 Middle East & Africa Consumption Forecast
- 11.3 Americas Forecast by Countries
- 11.3.1 United States Market Forecast
- 11.3.2 Canada Market Forecast
- 11.3.3 Mexico Market Forecast
- 11.3.4 Brazil Market Forecast
- 11.4 APAC Forecast by Countries
- 11.4.1 China Market Forecast
- 11.4.2 Japan Market Forecast
- 11.4.3 Korea Market Forecast
- 11.4.4 Southeast Asia Market Forecast
- 11.4.5 India Market Forecast
- 11.4.6 Australia Market Forecast
- 11.5 Europe Forecast by Countries
- 11.5.1 Germany Market Forecast
- 11.5.2 France Market Forecast
- 11.5.3 UK Market Forecast
- 11.5.4 Italy Market Forecast
- 11.5.5 Russia Market Forecast
- 11.5.6 Spain Market Forecast
- 11.6 Middle East & Africa Forecast by Countries
- 11.6.1 Egypt Market Forecast
- 11.6.2 South Africa Market Forecast
- 11.6.3 Israel Market Forecast
- 11.6.4 Turkey Market Forecast
- 11.6.5 GCC Countries Market Forecast
- 11.7 Global Tung Oil Forecast by Type
- 11.8 Global Tung Oil Forecast by Application
12 Key Players Analysis
- 12.1 Oleaginosa RAATZ
- 12.1.1 Company Details
- 12.1.2 Tung Oil Product Offered
- 12.1.3 Oleaginosa RAATZ Tung Oil Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.1.4 Main Business Overview
- 12.1.5 Oleaginosa RAATZ News
- 12.2 Wuzhou Oasis Chemicals
- 12.2.1 Company Details
- 12.2.2 Tung Oil Product Offered
- 12.2.3 Wuzhou Oasis Chemicals Tung Oil Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.2.4 Main Business Overview
- 12.2.5 Wuzhou Oasis Chemicals News
- 12.3 Xunyang Mingwen Oil
- 12.3.1 Company Details
- 12.3.2 Tung Oil Product Offered
- 12.3.3 Xunyang Mingwen Oil Tung Oil Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.3.4 Main Business Overview
- 12.3.5 Xunyang Mingwen Oil News
- 12.4 Qiubei County Shuanglong Oil
- 12.4.1 Company Details
- 12.4.2 Tung Oil Product Offered
- 12.4.3 Qiubei County Shuanglong Oil Tung Oil Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.4.4 Main Business Overview
- 12.4.5 Qiubei County Shuanglong Oil News
- 12.5 Jinxing Tung Oil
- 12.5.1 Company Details
- 12.5.2 Tung Oil Product Offered
- 12.5.3 Jinxing Tung Oil Tung Oil Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.5.4 Main Business Overview
- 12.5.5 Jinxing Tung Oil News
...
13 Research Findings and Conclusion
Summary:
Get latest Market Research Reports on Tung Oil . Industry analysis & Market Report on Tung Oil is a syndicated market report, published as Global Tung Oil Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Tung Oil market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
REPORT YOU MIGHT BE INTERESTED
Related Reports
Reason to Buy
Reports and Markets
Contact Us
+1-352-353-0818 (US)Newsletter
KEEP UP TO DATE ON ALL THE LATEST REPORTS
