Tung Oil Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

and India Tung Oil Market Size
The global Tung Oil revenue was US$ 216.5 million in 2022 and is forecast to a readjusted size of US$ 259.7 million by 2029 with a CAGR of 2.6% during the forecast period (2023-2029).
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and India Tung Oil Market
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.
In India, the Tung Oil revenue is expected to grow from US$ million in 2022 to US$ million by 2029, at a CAGR of % during the forecast period (2023-2029).
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 focuses on global and India Tung Oil market, also covers the segmentation data of other regions in regional level and county level.
India is now the world's most populous country. According to IMF (its July update to its World Economic Outlook), India's GDP growth is projected at 6.1% in 2023, powered by domestic investment. First and foremost, the key factor in India's rapid economic growth is the huge supply and demand from a large population base. Demand and supply sides working in both directions to support India's economic stability.
India is a market full of opportunities, and the demand for Tung Oil will continue to grow rapidly in the future.
Global Tung Oil Scope and Market Size
Tung Oil market is segmented in regional and country, by players, by type and by application. Companies, stakeholders, and other participants in the global Tung Oil market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by type and by application for the period 2018-2029.
For India market, this report focuses on the Tung Oil market size by players, by Type and by Application, for the period 2018-2029. The key players include the global and local players, which play important roles in India.

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Segment by Type
• Raw Tung Oil
• Boiled Tung Oil

Segment by Application'
• Wood Finishing
• Electronic

By Company
Oleaginosa RAATZ, Wuzhou Oasis Chemicals, Xunyang Mingwen Oil, Qiubei County Shuanglong Oil, Jinxing Tung Oil

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This release was published on openPR.