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 (2024–2032). This steady growth is primarily driven by the expanding demand for eco-friendly wood finishes, rising application in the electronics sector for insulation, and the material’s superior water-resistant properties compared to alternatives.

As the world shifts towards natural and sustainable materials, the focus intensifies on the key producers and suppliers who ensure the quality, consistency, and global distribution of this versatile drying oil. In this blog, we profile the Top 10 Companies in the Tung Oil Industry—a mix of established agribusinesses, specialized processors, and exporters shaping the supply chain for woodworking, construction, and industrial applications.

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🔟 1. Oleaginosa RAATZ

Headquarters: Buenos Aires, Argentina
Key Offering: Pure Raw Tung Oil, Boiled Tung Oil

Oleaginosa RAATZ is a leading South American producer of Tung Oil, recognized for its high-quality, sustainably sourced products. The company operates extensive tung tree plantations and modern processing facilities, serving markets in North America and Europe. Their focus on vertical integration from cultivation to bottling ensures stringent quality control and supply chain resilience.

Sustainability & Innovation Initiatives:

• Investment in sustainable farming practices to reduce environmental impact

• Development of fast-drying, polymer-modified Tung Oil blends

• Strategic partnerships with global distributors to expand market reach

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Tung Oil Market – View in Detailed Research Report

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9️⃣ 2. Wuzhou Oasis Chemicals Co., Ltd.

Headquarters: Wuzhou, Guangxi, China
Key Offering: Refined Tung Oil, Industrial-Grade Tung Oil

Wuzhou Oasis Chemicals is a major force in the Chinese Tung Oil market, leveraging its proximity to key production regions in Guangxi. The company supplies a wide range of Tung Oil grades to domestic and international customers, with a strong presence in the wood finishing and coating industries.

Sustainability & Innovation Initiatives:

• Implementation of advanced refining technologies to enhance product purity

• Focus on meeting international quality standards for export markets

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8️⃣ 3. Xunyang Mingwen Oil Co., Ltd.

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

Xunyang Mingwen Oil specializes in the production of both traditional and processed Tung Oil. The company has built a reputation for reliability and is a key supplier to the Chinese furniture manufacturing and art restoration sectors, where finish quality is paramount.

Sustainability & Innovation Initiatives:

• Exploration of energy-efficient processing methods

• Expansion of product portfolio to include specialty oils for niche applications

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7️⃣ 4. Qiubei County Shuanglong Oil

Headquarters: Qiubei County, Yunnan, China
Key Offering: Raw Tung Oil, Filtered Tung Oil

Qiubei County Shuanglong Oil is a significant regional producer in Yunnan, known for its pure, unrefined Tung Oil. The company caters primarily to local and regional markets, providing essential raw materials for small-to-medium enterprises in the woodworking industry.

Sustainability & Innovation Initiatives:

• Local community engagement in sustainable tung nut harvesting

• Initiatives to improve yield and quality from local tung tree varieties

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Tung Oil Market – View in Detailed Research Report

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6️⃣ 5. Jinxing Tung Oil Co., Ltd.

Headquarters: Enshi, Hubei, China
Key Offering: Boiled Tung Oil, Water-Resistant Tung Oil Blends

Jinxing Tung Oil focuses on producing processed Tung Oil, particularly boiled variants prized for their faster drying times. The company serves a diverse clientele, from industrial coaters to artisan woodworkers, by offering products tailored to specific application needs.

Sustainability & Innovation Initiatives:

• Development of blended formulations for enhanced performance

• Efforts to streamline logistics for more efficient export operations

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

Headquarters: Tianjin, China
Key Offering: Pharmaceutical-Grade Tung Oil, High-Purity Tung Oil

Tianjin Kangtai stands out for its focus on high-purity Tung Oil, targeting specialized applications beyond traditional wood finishing, including potential uses in coatings for medical devices and specialized industrial applications requiring stringent purity standards.

Sustainability & Innovation Initiatives:

• Investment in R&D for niche, high-value applications of Tung Oil

• Adherence to Good Manufacturing Practices (GMP) for specific product lines

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

Headquarters: Hubei, China
Key Offering: Bulk Industrial Tung Oil, Refined Tung Oil

Hubei Tongsheng Oil Industry is a key supplier of bulk Tung Oil to the industrial sector. The company’s strength lies in its large-scale processing capability and its ability to serve major manufacturers in the paint, coating, and construction material industries.

Sustainability & Innovation Initiatives:

• Modernization of extraction and refining plants for higher efficiency

• Focus on reducing waste and improving environmental compliance

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

Headquarters: Ji’an, Jiangxi, China
Key Offering: Natural Tung Oil, Specialty Oil Blends

While known for a range of natural oils, Jiangxi XueSong is also a notable producer of Tung Oil, leveraging its expertise in botanical extracts. The company caters to markets that value natural ingredients for finishes and coatings.

Sustainability & Innovation Initiatives:

• Utilization of by-products from oil processing for other value-added products

• Commitment to sourcing from responsibly managed suppliers

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2️⃣ 9. Allin Exporters

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

Allin Exporters operates as a crucial intermediary, sourcing Tung Oil primarily from Chinese producers and supplying it to global markets, including the Middle East, Africa, and Europe. The company specializes in navigating international trade regulations and ensuring timely delivery.

Sustainability & Innovation Initiatives:

• Building transparent and traceable supply chains

• Providing clients with certified products that meet specific regional standards

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Tung Oil Market – View in Detailed Research Report

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1️⃣ 10. Other Regional Producers and Specialized Blenders

Headquarters: Various (South America, Asia)
Key Offering: Local Tung Oil Variants, Custom Blends

This segment comprises numerous smaller producers and specialty chemical companies in South America (like Brazil and Paraguay) and other parts of Asia. These players are vital for regional supply, often producing Tung Oil for local consumption or creating custom blends for specific industrial customers, such as marine coatings or artisanal crafts.

Sustainability & Innovation Initiatives:

• Adaptation of tung tree cultivation to local climates outside of China

• Innovation in small-batch, high-quality production for premium markets

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Tung Oil Market – View in Detailed Research Report

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🌍 Outlook: The Future of Tung Oil Is Natural and High-Performance

The Tung Oil market is experiencing a steady evolution. While traditional wood finishing remains the dominant application, the industry is increasingly driven by the demand for bio-based and non-toxic alternatives to synthetic coatings. Innovation in processing and blending is opening new avenues in electronics and specialized industrial sectors.

📈 Key Trends Shaping the Market:

• Strong regulatory push for Low-VOC and eco-friendly coatings in North America and Europe

• Growing adoption in the electronics industry for insulation and protective coatings

• Geographic diversification of tung tree cultivation to mitigate supply chain risks

• Product innovation focused on improving drying times and durability

Get Full Report Here:
Tung Oil Market – View in Detailed Research Report

The companies listed above are not only supplying a vital natural resource—they are enabling the transition towards more sustainable and healthier material choices across multiple industries.