The Global Tung Oil Market was valued at USD 203 Million in 2024 and is projected to reach USD 246 Million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 2.8% during the forecast period (2025–2032). This steady growth is fueled by the increasing global demand for eco-friendly wood finishes, expansion in the electronics industry for insulating applications, and the rising preference for natural, durable, and non-toxic coatings across various sectors.

As industries worldwide pivot towards sustainable and high-performance materials, the importance of reliable Tung Oil suppliers becomes paramount. These companies are not only responsible for sourcing and processing this specialized oil but are also at the forefront of innovation, developing new formulations to meet evolving market demands. In this blog, we profile the Top 10 Companies in the Tung Oil Industry—a mix of established global suppliers, regional powerhouses, and specialists driving the future of natural wood protection and finishing.

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🔟 1. Oleaginosa RAATZ

Headquarters: Paraná, Argentina
Key Offering: Pure Raw Tung Oil, Boiled Tung Oil, Custom Blends

Oleaginosa RAATZ is a leading global supplier of high-quality Tung Oil, leveraging its strategic location in South America to cultivate and process tung nuts. The company is renowned for its vertically integrated operations, which ensure strict quality control from the orchard to the final product. It supplies Tung Oil to major wood finish manufacturers, furniture makers, and specialty chemical companies across North America and Europe.

Sustainability and Innovation Initiatives:

• Implementation of sustainable farming practices in tung tree cultivation

• Investment in R&D for faster-drying Tung Oil formulations

• Focus on traceability and certified supply chains for eco-conscious customers

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9️⃣ 2. Wuzhou Oasis Chemicals Co., Ltd.

Headquarters: Wuzhou, Guangxi, China
Key Offering: Raw Tung Oil, Heat-Bodied Tung Oil, Refined Tung Oil

Wuzhou Oasis Chemicals is one of China’s most significant Tung Oil producers, operating in a key historical region for tung tree cultivation. The company benefits from extensive local sourcing networks and large-scale processing facilities. It serves a diverse clientele, including domestic furniture industries and international export markets, with a reputation for consistent quality and competitive pricing.

Sustainability and Innovation Initiatives:

• Modernization of extraction and refining technologies to improve yield and purity

• Development of specialty Tung Oils for electronics and industrial applications

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8️⃣ 3. Xunyang Mingwen Oil Co., Ltd.

Headquarters: Ankang, Shaanxi, China
Key Offering: Cold-Pressed Tung Oil, Polymerized Tung Oil

Xunyang Mingwen Oil specializes in producing premium-grade Tung Oil, with a focus on traditional cold-pressing methods that preserve the oil’s natural properties. The company has built a strong reputation among artisans, luthiers, and high-end furniture restorers who value authenticity and performance. Their products are known for exceptional clarity and durability.

Sustainability and Innovation Initiatives:

• Preservation of traditional processing techniques alongside modern quality assurance

• Exploration of organic certification for specific product lines

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7️⃣ 4. Qiubei County Shuanglong Oil Co., Ltd.

Headquarters: Qiubei County, Yunnan, China
Key Offering: Industrial-Grade Tung Oil, Refined Tung Oil for Coatings

Qiubei County Shuanglong Oil is a key player in the industrial segment of the Tung Oil market. The company focuses on supplying large-volume users in the coating and paint industries, where Tung Oil is valued for its water resistance and hardening properties. Their strategic location in Yunnan provides access to abundant raw materials.

Sustainability and Innovation Initiatives:

• Efficiency improvements in refining processes to reduce waste

• Partnerships with industrial coating manufacturers to develop tailored solutions

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6️⃣ 5. Jinxing Tung Oil Co., Ltd.

Headquarters: Hunan Province, China
Key Offering: Raw Tung Oil, Boiled Tung Oil for Wood Finishing

Jinxing Tung Oil has been a stable supplier in the market for decades, known for its reliable supply chain and consistent product quality. The company caters primarily to the domestic Chinese market but has been expanding its export operations, particularly to Southeast Asia. They offer both raw and processed Tung Oil to meet various application needs.

Sustainability and Innovation Initiatives:

• Gradual adoption of more sustainable farming practices among supplier networks

• Investment in quality control laboratories to maintain product standards

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5️⃣ 6. Tianjin Kangtai Biological Products Co., Ltd.

Headquarters: Tianjin, China
Key Offering: High-Purity Tung Oil, Tung Oil for Artistic and Conservation Use

Tianjin Kangtai focuses on the higher-value segments of the Tung Oil market, producing exceptionally pure oil suitable for sensitive applications like art conservation, musical instrument finishing, and premium woodworking. The company employs advanced filtration and purification techniques to achieve superior clarity and performance.

Sustainability and Innovation Initiatives:

• Specialization in low-impurity, high-performance Tung Oil variants

• Collaboration with academic institutions on advanced material applications

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4️⃣ 7. Hubei Tongsheng Oil Industry Co., Ltd.

Headquarters: Hubei Province, China
Key Offering: Standard Tung Oil, Custom-Blended Finishing Oils

Hubei Tongsheng Oil Industry operates a significant processing facility in one of China’s traditional tung oil-producing regions. The company serves a broad market, from small-scale woodworkers to industrial coating formulators. They are recognized for their flexibility in meeting specific customer requirements for viscosity and drying time.

Sustainability and Innovation Initiatives:

• Efforts to improve energy efficiency in the manufacturing process

• Development of blended oil products that enhance Tung Oil’s performance characteristics

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3️⃣ 8. Jiangxi XueSong Natural Medicinal Oil Co., Ltd.

Headquarters: Jiangxi Province, China
Key Offering: Tung Oil for Industrial and Niche Applications

While primarily known for medicinal oils, Jiangxi XueSong has a dedicated division for Tung Oil production. The company applies its expertise in natural oil extraction to produce quality Tung Oil, often targeting niche markets that value natural sourcing. Their background in phytochemistry gives them a unique perspective on oil properties and applications.

Sustainability and Innovation Initiatives:

• Leveraging expertise in natural product extraction for quality improvement

• Exploring cross-application insights from medicinal and industrial oil production

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2️⃣ 9. Allin Exporters

Headquarters: Mumbai, India
Key Offering: Tung Oil Sourcing and Export, Logistics Services

Allin Exporters acts as a crucial intermediary in the global Tung Oil trade, specializing in sourcing quality Tung Oil from various producers and supplying it to international markets. The company does not typically engage in cultivation or processing but excels in quality assurance, logistics, and meeting the specific import requirements of different countries.

Sustainability and Innovation Initiatives:

• Implementation of rigorous supplier vetting processes for quality and sustainability

• Development of efficient global supply chain solutions for perishable natural products

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1️⃣ 10. Other Regional Specialists and Emerging Players

Headquarters: Various (South America, Asia)
Key Offering: Locally Sourced Tung Oil, Artisanal Products

This segment includes a range of smaller, regionally focused producers and new entrants, particularly in South America, where tung tree cultivation is expanding as an alternative to Chinese supply. These companies often cater to local markets or specific niche segments, offering artisanal products or focusing on ultra-sustainable production methods. They play a vital role in diversifying the global supply chain.

Sustainability and Innovation Initiatives:

• Pioneering tung cultivation in new geographical areas to mitigate supply risks

• Focus on organic and traceable products for discerning markets

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🌍 Outlook: The Future of Tung Oil is Sustainable and Specialized

The Tung Oil market is experiencing a significant transformation. While traditional wood finishing remains the core application, the industry is increasingly driven by sustainability mandates, technological advancements in processing, and the exploration of new industrial uses.

📈 Key Trends Shaping the Market:

• Regulatory Push for Green Products: Stricter VOC regulations in North America and Europe are accelerating the shift from synthetic to natural coatings.

• Supply Chain Diversification: Investment in tung cultivation in South America is reducing reliance on a single geographic source.

• Product Innovation: Development of modified and blended Tung Oils with improved drying times and durability for industrial adoption.

• Niche Market Growth: Rising demand from art conservation, luxury furniture, and musical instrument sectors for high-purity, authentic finishes.

The companies listed above are not only supplying a vital natural resource—they are actively shaping a more sustainable and innovative future for surface protection and finishing industries worldwide.

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