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Global Tung Oil Market to Grow 270$ M in 2017 to 330$ M to 2025
Global Tung Oil Market Professional Survey Report 2018
(
Shopping-NewsWire.com
, August 05, 2018 ) The Global Tung Oil Market is Valued at 270 million US$ in 2017 and will reach 330 million US$ by the end of 2025, growing at a CAGR of 2.6% during 2018-2025.
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.
Access this report at:
https://www.themarketreports.com/report/global-tung-oil-market-professional-survey-report-2018
Companies profiled in this report are Oleaginosa Raatz, Wuzhou Oasis Chemicals, Xunyang Mingwen Oil, Qiubei County Shuanglong Oil, Jinxing Tung Oil and more.
Analysis by Product Types, with production, revenue, price, market share and growth rate of each type, can be divided into
• Raw Tung Oil
• Boiled Tung Oil
Analysis by Applications, this report focuses on consumption, market share and growth rate of Tung Oil in each application, can be divided into
• Wood Finishing
• Electronic
Purchase this premium research report at:
https://www.themarketreports.com/report/buy-now/1011540
Table of Contents:
1 Industry Overview of Tung Oil
2 Manufacturing Cost Structure Analysis of Tung Oil
3 Technical Data and Manufacturing Plants Analysis of Tung Oil
4 Global Tung Oil Overall Market Overview
5 Tung Oil Regional Market Analysis
6 Global 2013-2018E Tung Oil Segment Market Analysis (by Type)
7 Global 2013-2018E Tung Oil Segment Market Analysis (by Application)
8 Major Manufacturers Analysis of Tung Oil
9 Development Trend of Analysis of Tung Oil Market
10 Tung Oil Marketing Type Analysis
11 Consumers Analysis of Tung Oil
12 Conclusion of the Global Tung Oil Market Professional Survey Report 2017
Inquire more about this report at:
https://www.themarketreports.com/report/ask-your-query/1011540
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