Tung Oil Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Raw Tung Oil and Boiled Tung Oil), By Application (Wood Finishing, Food & Beverage, Medicine and Others), By Distribution Channel (Online, Offline), By Region & Competition, 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 256.05 Million
CAGR (2026-2031)	4.23%
Fastest Growing Segment	Online
Largest Market	Asia Pacific
Market Size (2031)	USD 328.31 Million

Market Overview

The Global Tung Oil Market will grow from USD 256.05 Million in 2025 to USD 328.31 Million by 2031 at a 4.23% CAGR. The Global Tung Oil Market centers on the production and distribution of a distinct drying oil extracted from the seeds of the Aleurites fordii tree, recognized for its rapid polymerization and superior water-resistant properties. The market is primarily supported by a structural industrial shift toward sustainable, bio-based raw materials for wood finishing and preservation, aiming to replace synthetic resins that contain high levels of volatile organic compounds. This enduring preference for eco-friendly ingredients in the construction and furniture sectors acts as a fundamental driver for growth, distinct from transient consumer trends.

However, the market faces a significant challenge regarding raw material availability, as Tung tree cultivation is highly sensitive to climatic variations, leading to inconsistent crop yields. According to the American Coatings Association, in 2024, the architectural paints segment accounted for 59% of the volume of the U.S. coatings industry, illustrating the massive scale of the downstream market that relies on stable access to organic inputs like Tung oil. Consequently, the inability to guarantee consistent feedstock supplies to meet this substantial industrial demand remains a primary impediment to broader market expansion.

Key Market Drivers

The rising global demand for high-performance wood finishes and preservatives serves as a primary catalyst for the Tung oil market, given the oil's unique ability to penetrate deep into grain patterns and polymerize into a durable, water-resistant seal. Unlike surface-level lacquers, Tung oil provides structural integrity to timber used in outdoor decking, furniture, and flooring, making it indispensable for premium woodworking applications where longevity is paramount. This segment's robustness is evident in recent industrial performance; according to RPM International Inc., July 2024, in the 'Fiscal 2024 Fourth-Quarter and Full-Year Results', the company achieved record fiscal 2024 net sales of $7.34 billion, driven by sustained activity in construction and consumer maintenance groups that utilize such protective sealants.

Simultaneously, stringent environmental regulations are accelerating the shift from synthetic, high-VOC resins to natural alternatives, positioning Tung oil as a compliant and effective substitute in coating formulations. Regulatory bodies are increasingly mandating reductions in chemical emissions, compelling manufacturers to reformulate products with bio-based ingredients that offer comparable performance to traditional alkyds or polyurethanes. This legislative momentum is highlighted by recent policy shifts; according to the European Council of the Paint, Printing Ink and Artists' Colours Industry (CEPE), June 2024, in the 'CEPE Annual Report 2024', the European Union adopted the Nature Restoration Law, which mandates the restoration of at least 30% of degraded habitats by 2030, reinforcing the industrial pivot toward nature-positive raw materials. To illustrate the sheer scale of the coatings industry adapting to these macro trends, according to The Sherwin-Williams Company, in 2025, the firm reported record consolidated net sales of $23.10 billion for the full year 2024, underscoring the massive potential market for organic inputs like Tung oil within the broader architectural and industrial coatings sector.

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Key Market Challenges

The volatility of raw material availability constitutes a critical bottleneck for the Global Tung Oil Market. As the cultivation of the Aleurites fordii tree is intrinsically linked to specific climatic conditions, adverse weather patterns frequently result in unpredictable harvest volumes. This agricultural sensitivity creates a fragmented supply chain where inconsistent feedstock levels prevent manufacturers from guaranteeing the steady delivery schedules required by large-scale industrial clients. Consequently, despite the rising preference for bio-based inputs, downstream buyers in the wood finishing and construction sectors are often forced to revert to synthetic alternatives to ensure production continuity, effectively placing a ceiling on the market’s potential adoption rates.

The scale of this supply-demand gap is highlighted by the immense volume of the downstream sector that Tung oil aims to serve. According to the China National Coatings Industry Association, in 2024, the total output of the coatings industry reached approximately 35.34 million tons. This magnitude of industrial output demands a raw material supply chain characterized by unwavering reliability. The inability of Tung oil producers to match this consistency due to climatic dependencies directly hampers the market's ability to capture a larger share of this substantial global volume, restricting growth to niche applications rather than enabling mass industrial integration.

Key Market Trends

The application of Tung oil is increasingly expanding into the formulation of anti-corrosive metal coatings, shifting beyond its traditional exclusivity to wood preservation. Manufacturers are leveraging the oil’s unique oxidative polymerization properties to create hydrophobic, cross-linked barriers for industrial infrastructure, such as marine vessels and pipelines, which require superior resistance to saltwater and acidic environments compared to standard linseed-based alternatives. This industrial pivot toward high-performance, organic protective layers is reflected in the recent financial resilience of major coating producers focusing on these durable segments. According to AkzoNobel, February 2025, in the 'Annual Report 2024', the company reported fourth-quarter sales revenue of €2.62 billion, driven by sustained pricing strength and volume growth in marine and protective coatings that utilize such weather-resistant inputs for asset longevity.

Simultaneously, the market is witnessing a distinct inclusion of Tung oil in sustainable printing ink compositions as the global packaging industry aggressively replaces petroleum-based solvents with bio-renewable drying oils. Tung oil’s high alpha-eleostearic acid content allows it to dry significantly faster than other vegetable oils without requiring hazardous heavy metal catalysts, making it a critical component for compliant, food-safe packaging inks. This trend toward circular chemical economies is fundamentally reshaping the operational strategies of major ink manufacturers. According to Siegwerk, November 2024, in the 'Sustainability Update 2024', the company formally established a new global business unit dedicated to Circular Economy Coatings to accelerate the development and deployment of these bio-based, recyclable ink technologies across its international supply chain.

Segmental Insights

The Online sales channel is emerging as the fastest-growing segment within the Global Tung Oil Market. This upward trend is primarily driven by the increasing digitalization of retail and the growing demand from DIY enthusiasts and professional woodworkers for specialized finishing products. Unlike traditional brick-and-mortar stores that often carry limited inventories, online platforms provide consumers with access to a diverse range of pure and polymerized tung oil formulations. The ability to easily compare product specifications and source hard-to-find grades has significantly shifted purchasing preferences toward e-commerce solutions, thereby fueling the rapid expansion of this segment.

Regional Insights

Asia Pacific commands the leading position in the Global Tung Oil Market, driven by its established capacity for large-scale production and consumption. China serves as the primary global source for tung tree cultivation, ensuring abundant raw material availability for regional manufacturers. This localized supply chain supports a robust industrial sector, particularly within furniture manufacturing and construction, which extensively utilizes tung oil for wood finishing and protective coatings. The region's ability to efficiently integrate agricultural output with high manufacturing demand cements its dominance in the global marketplace.

Recent Developments

• In June 2025, The Real Milk Paint Co. announced a significant corporate rebranding, changing its name to RMP Co Finishes. The company, known for its Pure Tung Oil and other natural wood finishing products, initiated this change to better reflect its expanded product portfolio beyond its original milk paint offerings. The rebranding effort included a transition to a new website and updated visual identity, aimed at unifying its diverse range of eco-friendly waxes, oils, and finishing solutions while maintaining its commitment to non-toxic, sustainable ingredients.
• In November 2024, Anderson International Corp published detailed insights regarding the resurgence of the domestic tung oil industry in the United States. The company, a manufacturer of oilseed processing equipment, highlighted the potential of a new late-flowering tung tree cultivar designed to withstand frost damage, which had historically decimated the sector. Anderson International Corp emphasized how this agricultural innovation, combined with its specialized mechanical extraction technologies, could enable processors to capitalize on the growing demand for tung oil in applications ranging from wood finishes to electronics and biofuels.
• In September 2024, Sutherland Welles Ltd. entered into a strategic distribution partnership with Atlas Preservation to expand the availability of its polymerised tung oil products. Through this collaboration, Atlas Preservation began retailing Sutherland Welles’ full range of sustainable wood finishes, including the Original Formula and the botanical-based Millie’s All-Purpose Penetrating Tung Oil. This partnership allowed Sutherland Welles Ltd. to reach a broader customer base of restoration professionals and woodworkers seeking high-quality, hand-crafted tung oil finishes for preservation and architectural projects.
• In February 2024, Sutherland Welles Ltd. launched a newly designed website to enhance the digital customer experience for its tung oil wood care products. The new online platform was developed to showcase the company’s dedication to environmentally friendly, polymerised tung oil formulations and to provide educational resources for woodworkers. This digital initiative represented a key step in the company's efforts to modernize its brand presence and facilitate direct-to-consumer access to its specialized range of sealers, stains, and finishing oils.

Key Market Players

• Oleaginosa Raatz SA
• Wuzhou Oasis Chemicals Co., Ltd.
• Diamond Vogel, Inc.
• Real Milk Paint Co LLC
• Sunnyside Corporation
• Liberon Ltd
• Waterlox Coatings Corporation
• Henan Jinhe Industry Co., Ltd
• The Natural Paint Company Ltd
• Briwax Inc.

By Type	By Application	By Distribution Channel	By Region
Raw Tung Oil and Boiled Tung Oil	Wood Finishing Food & Beverage Medicine and Others	Online Offline	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Tung Oil Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Tung Oil Market, By Type:

• Raw Tung Oil and Boiled Tung Oil

• Tung Oil Market, By Application:

• Wood Finishing
• Food & Beverage
• Medicine and Others

• Tung Oil Market, By Distribution Channel:

• Online
• Offline

• Tung Oil Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE