The Global Tung Oil Market was valued at USD 235.40 Million in 2024 and is projected to reach USD 320.75 Million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 3.8% during the forecast period (2024–2032). This growth is being driven by increasing demand for eco-friendly wood coatings in furniture manufacturing, rising adoption in electronics as an insulating material, and a broader shift toward sustainable building materials.

As the global market for natural, high-performance finishes expands, the focus turns to the key producers and suppliers who are managing the complex supply chain from tung tree cultivation to final product distribution. In this blog, we profile the Top 10 Companies in the Tung Oil Industry—a mix of established agricultural processors, chemical specialists, and international traders shaping the future of this versatile natural oil.

Download FREE Sample Report:
Global Tung Oil Market – View in Detailed Research Report

---

🔟 1. Oleaginosa RAATZ

Headquarters: Asunción, Paraguay
Key Offering: Raw Tung Oil, Boiled Tung Oil, Specialty Natural Oils

Oleaginosa RAATZ is a leading global supplier of tung oil, with vertically integrated operations that span cultivation, processing, and international distribution. The company leverages its strategic location in South America to produce high-quality oil for markets in North America and Europe, emphasizing sustainable and traceable sourcing practices.

Sustainability Initiatives:

• Implementation of sustainable agroforestry models

• Investment in energy-efficient processing facilities

• Commitment to organic certification and transparent supply chains

Download FREE Sample Report:
Global Tung Oil Market – View in Detailed Research Report

---

9️⃣ 2. Wuzhou Oasis Chemicals Co., Ltd.

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

Wuzhou Oasis Chemicals is one of China’s foremost tung oil producers, benefiting from direct access to the primary tung tree cultivation regions in Guangxi. The company supplies both domestic and international markets, with a strong focus on quality control and meeting diverse industrial specifications.

Sustainability Initiatives:

• Adoption of advanced, low-waste extraction technologies

• Collaboration with local farmers to promote sustainable harvesting

---

8️⃣ 3. Xunyang Mingwen Oil Co., Ltd.

Headquarters: Ankang, Shaanxi, China
Key Offering: Raw Tung Oil, Boiled Tung Oil for Wood Finishing

Xunyang Mingwen Oil specializes in producing tung oil for the wood finishing and coating industries. The company has built a reputation for consistency and purity, serving customers who require a reliable natural product for high-end applications.

Sustainability Initiatives:

• Focus on water recycling in the production process

• Initiatives to reduce the carbon footprint of logistics

---

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

Headquarters: Qiubei County, Yunnan, China
Key Offering: Premium Tung Oil, Custom Blends

Qiubei County Shuanglong Oil is known for its focus on quality and innovation, utilizing patented low-temperature extraction techniques to preserve the oil’s natural properties. The company caters to demanding sectors such as fine furniture and musical instrument manufacturing.

Sustainability Initiatives:

• Investment in R&D for yield improvement and waste reduction

• Efforts to secure certifications for export to environmentally conscious markets

Download FREE Sample Report:
Global Tung Oil Market – View in Detailed Research Report

---

6️⃣ 5. Jinxing Tung Oil Co., Ltd.

Headquarters: Guizhou, China
Key Offering: Tung Oil for Paints, Coatings, and Adhesives

Jinxing Tung Oil has expanded its production capacity significantly through recent acquisitions, positioning itself as a key industrial supplier. The company’s products are essential components in formulations for durable paints, coatings, and bio-based adhesives.

Sustainability Initiatives:

• Modernization of processing plants to enhance energy efficiency

• Exploration of tung oil applications in green chemistry

---

5️⃣ 6. Hubei Fengguang Biochemical Co., Ltd.

Headquarters: Hubei, China
Key Offering: Tung Oil, Oleochemical Derivatives

Hubei Fengguang Biochemical integrates tung oil production into a broader portfolio of oleochemicals. This allows the company to offer specialized derivatives for niche markets, including electronics and advanced materials.

Sustainability Initiatives:

• Development of bio-based alternatives to synthetic chemicals

• Commitment to responsible sourcing from certified plantations

---

4️⃣ 7. Tongliao Tonghua Aojia Oil Co., Ltd.

Headquarters: Tongliao, Inner Mongolia, China
Key Offering: Cold-Pressed Tung Oil, Bulk Industrial Supply

Operating from Inner Mongolia, Tongliao Tonghua Aojia Oil focuses on supplying the bulk industrial market. The company’s strategic location provides logistical advantages for serving northern Chinese industrial hubs.

Sustainability Initiatives:

• Utilization of renewable energy sources in extraction facilities

• Partnerships with research institutes for sustainable agriculture

---

3️⃣ 8. South American Tung Oil

Headquarters: Misiones, Argentina
Key Offering: Organic Tung Oil, Tung Oil for Export

South American Tung Oil is a key producer outside of China, cultivating tung trees in the favorable climate of northern Argentina. The company specializes in producing organic-certified tung oil for discerning international customers.

Sustainability Initiatives:

• Dedication to organic farming practices without synthetic pesticides

• Promotion of biodiversity in tung tree plantations

---

2️⃣ 9. Jiangxi Province Kesheng Tung Oil Co., Ltd.

Headquarters: Jiangxi, China
Key Offering: Traditional Tung Oil, Boiled Variants

Jiangxi Kesheng Tung Oil is a well-established player in one of China’s historical tung oil-producing regions. The company supplies a steady stream of product to both traditional woodworking industries and modern coating manufacturers.

Sustainability Initiatives:

• Reforestation programs to ensure long-term raw material supply

• Adoption of cleaner production techniques to minimize environmental impact

---

1️⃣ 10. US Tung Oil Importers & Distributors (Collective Entity)

Headquarters: Various, USA
Key Offering: Tung Oil Distribution, Quality Assurance, Blending Services

This segment comprises a network of specialized importers and distributors in North America, such as specialty chemical distributors and woodworking suppliers. They play a critical role in ensuring quality, providing technical support, and making tung oil accessible to end-users across the continent.

Sustainability Initiatives:

• Promotion of FSC-certified and sustainably sourced tung oil

• Investment in supply chain transparency and traceability systems

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

---

🌍 Outlook: The Future of Tung Oil Is Sustainable and Innovation-Driven

The tung oil market is evolving beyond its traditional roots. While wood finishing remains the dominant application, the industry is investing in research and process improvements to enhance sustainability, explore new applications, and stabilize the supply chain.

📈 Key Trends Shaping the Market:

• Growing demand for bio-based and low-VOC coatings in construction and furniture

• Expansion of tung oil use in electronics for insulation and protective coatings

• Geographic diversification of tung tree cultivation to mitigate climate risks

• Increased vertical integration and partnerships for supply chain resilience

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

The companies listed above are not only supplying a vital natural resource—they’re pioneering the sustainable and innovative applications that will define the future of natural coatings and bio-based materials.