Cashew Nutshell Liquid Market

Cashew Nutshell Liquid Market by product (PF Resins, Epoxy Resins, Epoxy Curing Agents, Surfactants, Polyols), application (Adhesive, Coating, Foam, Laminate, Personal Care), Region (Asia Pacific, North America, Europe) - Global Forecast to 2027

Report Code: CH 8104 May, 2022, by marketsandmarkets.com

[135 Pages Report] The cashew nutshell liquid market size is estimated to be USD 393 million in 2022 and is projected to reach USD 564 million by 2027, at a CAGR of 7.5% between 2022 and 2027. Increasing demand from the chemical and petrochemical industries, the rising demand for natural resources for various applications are significantly driving the market globally.

Cashew Nutshell Liquid Market Size, Share

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Cashew Nutshell Liquid Market Dynamics

Driver: Rising demand from various applications

The choice of CNSL-based surfactants in agrochemicals plays an important role as surfactants improve pesticide efficiency by multiple mechanisms. CNSL-based surfactants increase the foliar uptake of herbicides, growth regulators, and defoliants.

The growing focus on “green chemistry” by many companies to meet the demand for eco-friendly products from consumers has taken the personal care industry to a new dimension. CNSL-based surfactants are one of the important ingredients for personal care products, such as skincare, hair care, ointments, gels, creams, and other cosmetic products. The personal care industry is growing rapidly due to the rising population, along with an increase in spending on better personal care products. The retail sector is getting organized in emerging economies such as China, India, and Brazil, which is also helping the personal care industry to grow. The industry is continuously evolving to comply with changing consumer preferences.

Restraint: Volatile raw material prices

Price and availability of raw materials are key factors for manufacturers in determining the cost structure of their products. Raw materials used by the industry include plastic resins, synthetic rubbers, inorganic chemicals, industrial inorganic chemicals, and refined petroleum products. Most of these raw materials are petroleum-based derivatives and are vulnerable to fluctuations in commodity prices. Oil prices have been highly volatile in recent times.

Opportunity: Growing demand for bio-based and sustainable green products

Produce from petrochemicals results in environmentally hazardous by-products and carbon emissions. Therefore, different types of non-hazardous and eco-friendly products are being manufactured. This has resulted in the production of synthesizing bio-based solutions. In addition to reduced carbon footprints, bio-based products can be formulated to meet a wide range of customer demands. The increasing awareness about the benefits of biodegradable products has resulted in the development of innovative products, which is expected to create high growth opportunities in the market.

The manufacturing companies are constantly adapting to the changing demands by developing novel products and technologies. Bio-based products are one of the focus areas of the companies.

Challenge: Availability of substitutes

CNSL is derived from natural resources and has the potential to capture a market of petroleum feedstock. It faces major competition from synthetically derived products that are easier to manufacture. To enter large markets and overcome the barriers to change, CNSL manufacturers have to focus on providing bio-based products in large quantities. The key market sectors are taking this challenge as an opportunity and are developing technology for the production of CNSL with superior performance at a reasonable cost.

Polyols & NCO blocking agents segment to projected to be fastest growing in cashew nutshell liquid market in 2021.

CNSL polyols have qualities compared to polyester and polyether polyols, and other natural oil polyols. CNSL polyols and diols provide water resistance and are less sensitive to moisture during curing with isocyanate.

Blocked isocyanates are well-known in industries such as coatings and adhesives. This technology made 1K polyurethane systems possible with reduced VOC content and better stability to moisture sensitivity. Coating applications such as electrostatic spraying, powder coating, and coil coatings have been using this technology because these provide a solution to health concerns while coatings.

Personal Care is projected to be the fastest growing segment of cashew nutshell liquid market during the forecast period.

Personal care is the among the fastest application of the cashew nutshell liquid market. CNSL is used in the manufacturing of non-ionic surface-active agents. It possesses a structure with a hydrocarbon group and a hydrophilic phenolic group. These structures are modified to improve ion exchange capabilities, such as the sulphonic acid group. The ion exchange systems are good emulsifiers for oil-in-water and water-in-oil systems. These materials are then used in personal care products.

Europe is the largest cashew nutshell liquid market in the forecast period

The cashew nutshell liquid market growth is expected to be supported by the improving global economy, rising domestic demand for bio-based products and exports, and an increase in the demand for performance products. Focus on reducing VOC content is also expected to drive the market. Environmental regulations and volatile raw material prices will have a positive impact on the market. Companies in Europe and North America are involved in collaborations to develop environment-friendly products.

Cashew Nutshell Liquid Market by Region

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Key Market Players

The key players operating in the market are cardolite company(U.S.A), pelmer international(U.S.A), senesel(Poland), sri devi group(India).

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Scope of the Report

Report Metric

Details

Years considered for the study

2020-2027

Base year

2021

Forecast period

2022–2027

Units considered

Value (USD) and Volume (Kiloton)

Segments

By Product Type
By Application
By Region

Regions covered

APAC, Europe, North America, South America, and Middle East & Africa

Companies profiled

The major market players Cardolite Company(U.S.A), Pelmer International(U.S.A), Senesel(Poland), Sri Devi Group(India). (Total of 22 companies)

This research report categorizes the cashew nutshell liquid market based on product type, application, and region.

By Product Type:

  • Phenol Formaldehyde (PF) Resins
  • Epoxy Modifiers & Resins
  • Epoxy Curing Agents
  • Surfactants
  • Polyols & NCO Blocking Agents
  • Friction Materials
  • Others

By Application:

  • Adhesives
  • Coatings
  • Foams & Insulation
  • Laminates
  • Friction Linings
  • Personal Care
  • Others

By Region:

  • APAC
  • Europe
  • North America
  • South America
  • Middle East & Africa

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 19)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 MARKET INCLUSIONS AND EXCLUSIONS
    1.4 MARKET SCOPE
           FIGURE 1 CNSL MARKET
           1.4.1 REGIONS COVERED
           1.4.2 YEARS CONSIDERED FOR THE STUDY
    1.5 CURRENCY
    1.6 UNIT CONSIDERED
    1.7 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 23)
    2.1 RESEARCH DATA
           FIGURE 2 CNSL MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key primary data sources
                    2.1.2.2 Key data from primary sources
                    2.1.2.3 Key industry insights
                    2.1.2.4 Breakdown of primary interviews
    2.2 MARKET SIZE ESTIMATION
           2.2.1 TOP-DOWN APPROACH
                    FIGURE 3 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
                    FIGURE 4 CNSL MARKET SIZE ESTIMATION, BY VOLUME
                    FIGURE 5 CNSL MARKET, BY REGION
                    FIGURE 6 CNSL MARKET, BY APPLICATION
    2.3 MARKET FORECAST APPROACH
           2.3.1 DEMAND-SIDE FORECAST
    2.4 DATA TRIANGULATION
           FIGURE 7 CNSL MARKET: DATA TRIANGULATION
    2.5 FACTOR ANALYSIS
    2.6 ASSUMPTIONS
    2.7 RISK ANALYSIS ASSESSMENT
    2.8 LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 32)
    TABLE 1 CNSL MARKET SNAPSHOT (2022 VS. 2027)
    FIGURE 8 CNSL-BASED EPOXY CURING AGENTS TO DOMINATE CNSL MARKET DURING FORECAST PERIOD
    FIGURE 9 COATINGS SEGMENT TO DRIVE CNSL MARKET DURING FORECAST PERIOD
    FIGURE 10 EUROPE TO BE LARGEST CNSL MARKET DURING FORECAST PERIOD
    TABLE 2 MAJOR PLAYERS PROFILED IN THIS REPORT

4 PREMIUM INSIGHTS (Page No. - 35)
    4.1 ATTRACTIVE OPPORTUNITIES IN CNSL MARKET
           FIGURE 11 CNSL MARKET TO WITNESS HIGH GROWTH DURING FORECAST PERIOD
    4.2 CNSL MARKET, BY PRODUCT TYPE
           FIGURE 12 EPOXY CURING AGENTS TO BE LARGEST SEGMENT BETWEEN 2022 AND 2027
    4.3 ASIA PACIFIC: CNSL MARKET SHARE, BY APPLICATION AND COUNTRY
           FIGURE 13 CHINA ACCOUNTED FOR LARGEST SHARE OF ASIA PACIFIC MARKET IN 2021
    4.4 CNSL MARKET: DEVELOPED VS. DEVELOPING COUNTRIES
           FIGURE 14 CNSL MARKET TO WITNESS HIGHER GROWTH IN DEVELOPING COUNTRIES
           FIGURE 15 INDIA TO REGISTER HIGHEST CAGR IN ASIA PACIFIC DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 38)
    5.1 INTRODUCTION
    5.2 Market Dynamics


           FIGURE 16 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES FOR CNSL MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Demand for CNSL-based phenolic resins
                    5.2.1.2 Growth in mass timber (woodworking) industry
                    5.2.1.3 Rising demand from various applications
                    5.2.1.4 Rise in residential and commercial building construction in Asia Pacific
           5.2.2 RESTRAINTS
                    5.2.2.1 Volatile raw material prices
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growing demand for bio-based and sustainable green products
                    5.2.3.2 Implementation of stringent regulations by government agencies
           5.2.4 CHALLENGES
                    5.2.4.1 Availability of substitutes

6 INDUSTRY TRENDS (Page No. - 42)
    6.1 INTRODUCTION
    6.2 VALUE CHAIN ANALYSIS
           FIGURE 17 CNSL MARKET: VALUE CHAIN ANALYSIS
           6.2.1 CNSL MARKET: SUPPLY CHAIN ECOSYSTEM
           6.2.2 COVID-19 IMPACT ON VALUE CHAIN
                    6.2.2.1 Action plan against vulnerability
    6.3 PORTER’S FIVE FORCES ANALYSIS
           FIGURE 18 PORTER’S FIVE FORCES ANALYSIS: CNSL MARKET
           TABLE 3 CNSL MARKET: PORTER’S FIVE FORCES ANALYSIS
           6.3.1 INTENSITY OF COMPETITIVE RIVALRY
           6.3.2 BARGAINING POWER OF BUYERS
           6.3.3 BARGAINING POWER OF SUPPLIERS
           6.3.4 THREAT OF SUBSTITUTES
           6.3.5 THREAT OF NEW ENTRANTS
    6.4 MACROECONOMIC INDICATORS
           6.4.1 INTRODUCTION
           6.4.2 GDP TRENDS AND FORECAST
                    TABLE 4 GDP TRENDS AND FORECAST, PERCENTAGE CHANGE
    6.5 CNSL PATENT ANALYSIS
           6.5.1 METHODOLOGY
           6.5.2 PUBLICATION TRENDS
                    FIGURE 19 PUBLICATION TRENDS, 2017–2021
           6.5.3 INSIGHT
           6.5.4 JURISDICTION ANALYSIS
                    FIGURE 20 JURISDICTION ANALYSIS OF REGISTERED PATENTS, 2017–2021
           6.5.5 TOP APPLICANTS
                    FIGURE 21 TOP APPLICANTS, 2017–2021
                    TABLE 5 CNSL: NUMBER OF PATENTS, BY COMPANY, 2017–2021

7 CNSL PRODUCTION AND TRENDS (Page No. - 51)
    7.1 INTRODUCTION
           FIGURE 22 TOP PRODUCERS OF CNSL
    7.2 TOP COUNTRIES PRODUCING CNSL
           7.2.1 VIETNAM
           7.2.2 INDIA
           7.2.3 BRAZIL
           7.2.4 OTHERS
                    TABLE 6 HARVESTING SEASON FOR RCN
    7.3 PRODUCTION TRENDS
           7.3.1 THEORETICAL PRODUCTION TRENDS: CNSL VS KERNEL
                    FIGURE 23 THEORETICAL PRODUCTION: CNSL VS KERNEL
           7.3.2 ACTUAL PRODUCTION TRENDS: CNSL V KERNEL
                    FIGURE 24 ACTUAL PRODUCTION: CNSL VS KERNEL
           7.3.3 THEORETICAL VS ACTUAL PRODUCTION OF CNSL
                    FIGURE 25 THEORETICAL VS ACTUAL PRODUCTION OF CNSL
           7.3.4 THEORETICAL VS ACTUAL PRODUCTION OF CNSL, BY COUNTRY
                    FIGURE 26 THEORETICAL VS ACTUAL PRODUCTION OF CNSL, BY COUNTRY, 2020
           7.3.5 THEORETICAL PRODUCTION: RCN VS KERNEL VS CNSL
                    FIGURE 27 THEORETICAL PRODUCTION: RCN VS KERNEL VS CNSL
           7.3.6 ACTUAL PRODUCTION: RCN VS KERNEL VS CNSL
                    FIGURE 28 ACTUAL PRODUCTION: RCN VS KERNEL VS CNSL

8 CNSL MARKET, BY PRODUCT TYPE (Page No. - 56)
    8.1 INTRODUCTION
           FIGURE 29 EPOXY CURING AGENTS TO BE LARGEST SEGMENT DURING FORECAST PERIOD
           TABLE 7 CNSL MARKET SIZE, BY PRODUCT TYPE, 2020–2027 (USD MILLION)
           TABLE 8 CNSL MARKET SIZE, BY PRODUCT TYPE, 2020–2027 (KILOTON)
    8.2 PHENOL FORMALDEHYDE (PF) RESINS
           8.2.1 INCREASING DEMAND FOR BIO-BASED RESINS
                    TABLE 9 CNSL-BASED PHENOL FORMALDEHYDE (PF) RESINS MARKET SIZE, BY REGION,  2020–2027 (USD MILLION)
                    TABLE 10 CNSL-BASED PHENOL FORMALDEHYDE (PF) RESINS MARKET SIZE, BY REGION,  2020–2027, MARKET SIZE, BY REGION (KILOTON)
    8.3 EPOXY MODIFIERS & RESINS
           8.3.1 SUPERIOR PROPERTIES EPOXY MODIFIERS & RESINS TO SUPPORT SEGMENT GROWTH
                    TABLE 11 CNSL-BASED EPOXY MODIFIERS & RESINS MARKET SIZE, BY REGION,  2020–2027 (USD MILLION)
                    TABLE 12 CNSL-BASED EPOXY MODIFIERS & RESINS MARKET SIZE, BY REGION,  2020–2027 (KILOTON)
    8.4 EPOXY CURING AGENT
           8.4.1 FASTER CURING TIME OF CNSL-BASED PRODUCTS SUPPORTING MARKET GROWTH
                    TABLE 13 CNSL-BASED EPOXY CURING AGENT MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)
                    TABLE 14 CNSL-BASED EPOXY CURING AGENT MARKET SIZE, BY REGION, 2020–2027 (KILOTON)
    8.5 SURFACTANTS
           8.5.1 GROWING PERSONAL CARE SEGMENT ACCELERATING MARKET GROWTH
                    TABLE 15 CNSL-BASED SURFACTANTS MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)
                    TABLE 16 CNSL-BASED SURFACTANTS MARKET SIZE, BY REGION, 2020–2027 (KILOTON)
    8.6 POLYOLS & NCO BLOCKING AGENTS
           8.6.1 IMPROVED PERFORMANCE AND DESIRED PROPERTIES OF END-USE PRODUCTS
                    TABLE 17 CNSL-BASED POLYOLS & NCO BLOCKING AGENTS MARKET SIZE, BY REGION,  2020–2027 (USD MILLION)
                    TABLE 18 CNSL-BASED POLYOLS & NCO BLOCKING AGENTS MARKET SIZE, BY REGION,  2020–2027 (KILOTON)
    8.7 FRICTION MATERIALS
           8.7.1 INCREASING USE OF BIO-BASED PRODUCTS IN AUTOMOTIVE INDUSTRY
                    TABLE 19 CNSL-BASED FRICTION MATERIAL MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)
                    TABLE 20 CNSL-BASED FRICTION MATERIAL MARKET SIZE, BY REGION, 2020–2027 (KILOTON)
    8.8 OTHERS
           TABLE 21 CNSL-BASED OTHER PRODUCT TYPES MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)
           TABLE 22 CNSL-BASED OTHER PRODUCT TYPES MARKET SIZE, BY REGION, 2020–2027 (KILOTON)

9 CNSL MARKET, BY APPLICATION (Page No. - 65)
    9.1 INTRODUCTION
           FIGURE 30 COATINGS TO REMAIN LARGEST SEGMENT DURING FORECAST PERIOD
           TABLE 23 CNSL MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)
           TABLE 24 CNSL MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)
    9.2 ADHESIVES
           9.2.1 REQUIREMENT OF HIGH-PERFORMANCE PRODUCTS TO BOOST SEGMENT GROWTH
                    TABLE 25 CNSL MARKET SIZE IN ADHESIVES, BY REGION, 2020–2027 (USD MILLION)
                    TABLE 26 CNSL MARKET SIZE IN ADHESIVES, BY REGION, 2020–2027 (KILOTON)
    9.3 COATINGS
           9.3.1 HIGH DEMAND FOR PROTECTIVE COATINGS TO DRIVE MARKET
                    TABLE 27 CNSL MARKET SIZE IN COATINGS, BY REGION, 2020–2027 (USD MILLION)
                    TABLE 28 CNSL MARKET SIZE IN COATINGS, BY REGION, 2020–2027 (KILOTON)
    9.4 FOAM & INSULATION
           9.4.1 REPLACEMENT FOR PETRO-BASED POLYOLS
                    TABLE 29 CNSL MARKET SIZE IN FOAM & INSULATION, BY REGION, 2020–2027 (USD MILLION)
                    TABLE 30 CNSL MARKET SIZE IN FOAM & INSULATION, BY REGION, 2020–2027 (KILOTON)
    9.5 LAMINATES
           9.5.1 SUPERIOR MOISTURE RESISTANCE AND FASTER CURING TIME MAKING CNSL-BASED LAMINATES MORE ATTRACTIVE
                    TABLE 31 CNSL MARKET SIZE IN LAMINATES, BY REGION, 2020–2027 (USD MILLION)
                    TABLE 32 CNSL MARKET SIZE IN LAMINATES, BY REGION, 2020–2027 (KILOTON)
    9.6 FRICTION LININGS
           9.6.1 RELIABLE BRAKING PERFORMANCE SOLUTIONS DRIVING MARKET
                    TABLE 33 CNSL MARKET SIZE IN FRICTION LININGS, BY REGION, 2020–2027 (USD MILLION)
                    TABLE 34 CNSL MARKET SIZE IN FRICTION LININGS, BY REGION, 2020–2027 (KILOTON)
    9.7 PERSONAL CARE
           9.7.1 INCREASING DISPOSABLE INCOME TO DRIVE DEMAND FOR CNSL
                    TABLE 35 CNSL MARKET SIZE IN PERSONAL CARE, BY REGION, 2020–2027 (USD MILLION)
                    TABLE 36 CNSL MARKET SIZE IN PERSONAL CARE, BY REGION, 2020–2027 (KILOTON)
    9.8 OTHERS
           TABLE 37 CNSL MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2020–2027 (USD MILLION)
           TABLE 38 CNSL MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2020–2027 (KILOTON)

10 CNSL MARKET, BY REGION (Page No. - 75)
     10.1 INTRODUCTION
               FIGURE 31 EUROPE TO BE LARGEST REGION FOR Cashew Nutshell Liquid MARKET BETWEEN 2022 AND 2027
               TABLE 39 Cashew Nutshell Liquid MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)
               TABLE 40 Cashew Nutshell Liquid MARKET SIZE, BY REGION, 2020–2027 (KILOTON)
     10.2 ASIA PACIFIC
               FIGURE 32 ASIA PACIFIC: Cashew Nutshell Liquid MARKET SNAPSHOT
               TABLE 41 ASIA PACIFIC: Cashew Nutshell Liquid MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)
               TABLE 42 ASIA PACIFIC: Cashew Nutshell Liquid MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)
               TABLE 43 ASIA PACIFIC: Cashew Nutshell Liquid MARKET SIZE, BY PRODUCT TYPE, 2020–2027 (USD MILLION)
               TABLE 44 ASIA PACIFIC: Cashew Nutshell Liquid MARKET SIZE, BY PRODUCT TYPE, 2020–2027 (KILOTON)
               TABLE 45 ASIA PACIFIC: Cashew Nutshell Liquid MARKET SIZE, BY COUNTRY, 2020–2027 (USD MILLION)
               TABLE 46 ASIA PACIFIC: Cashew Nutshell Liquid MARKET SIZE, BY COUNTRY, 2020–2027 (KILOTON)
             10.2.1 CHINA
                       10.2.1.1 Growing demand for processed & semi-processed CNSL products
             10.2.2 INDIA
                       10.2.2.1 Demand for technically superior products to drive market
             10.2.3 JAPAN
                       10.2.3.1 Use of CNSL-based friction materials in automobile industry driving market
             10.2.4 SOUTH KOREA
                       10.2.4.1 Increasing demand from electronic and automotive industries for bio-based products
             10.2.5 INDONESIA
                       10.2.5.1 Country expecting to double its RCN production
             10.2.6 VIETNAM
                       10.2.6.1 Biggest global exporter of cashew nuts and CNSL
             10.2.7 REST OF ASIA PACIFIC
     10.3 NORTH AMERICA
               FIGURE 33 NORTH AMERICA: Cashew Nutshell Liquid MARKET SNAPSHOT
               TABLE 47 NORTH AMERICA: Cashew Nutshell Liquid MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)
               TABLE 48 NORTH AMERICA: Cashew Nutshell Liquid MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)
               TABLE 49 NORTH AMERICA: Cashew Nutshell Liquid MARKET SIZE, BY PRODUCT TYPE, 2020–2027 (USD MILLION)
               TABLE 50 NORTH AMERICA: Cashew Nutshell Liquid MARKET SIZE, BY PRODUCT TYPE, 2020–2027 (KILOTON)
               TABLE 51 NORTH AMERICA: Cashew Nutshell Liquid MARKET SIZE, BY COUNTRY, 2020–2027 (USD MILLION)
               TABLE 52 NORTH AMERICA: Cashew Nutshell Liquid MARKET SIZE, BY COUNTRY, 2020–2027 (KILOTON)
             10.3.1 US
                       10.3.1.1 Largest consumer of CNSL-based products
             10.3.2 MEXICO
                       10.3.2.1 Growing demand for coatings and adhesives to influence market
             10.3.3 CANADA
                       10.3.3.1 Growing environmental concerns over petroleum-based products to influence market
     10.4 EUROPE
               FIGURE 34 EUROPE: Cashew Nutshell Liquid MARKET SNAPSHOT
               TABLE 53 EUROPE: Cashew Nutshell Liquid MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)
               TABLE 54 EUROPE: Cashew Nutshell Liquid MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)
               TABLE 55 EUROPE: Cashew Nutshell Liquid MARKET SIZE, BY PRODUCT TYPE, 2020–2027 (USD MILLION)
               TABLE 56 EUROPE: Cashew Nutshell Liquid MARKET SIZE, BY PRODUCT TYPE, 2020–2027 (KILOTON)
               TABLE 57 EUROPE: Cashew Nutshell Liquid MARKET SIZE, BY COUNTRY, 2020–2027 (USD MILLION)
               TABLE 58 EUROPE: Cashew Nutshell Liquid MARKET SIZE, BY COUNTRY, 2020–2027 (KILOTON)
             10.4.1 GERMANY
                       10.4.1.1 Largest chemical industry in Europe
             10.4.2 FRANCE
                       10.4.2.1 Increasing demand for CNSL-based products
             10.4.3 UK
                       10.4.3.1 Stringent environmental law driving market growth
             10.4.4 ITALY
                       10.4.4.1 One of the key markets for friction materials in region
             10.4.5 NETHERLANDS
                       10.4.5.1 Performance coating demand driving market growth
             10.4.6 REST OF EUROPE
     10.5 SOUTH AMERICA
               FIGURE 35 SOUTH AMERICA: Cashew Nutshell Liquid MARKET SNAPSHOT
               TABLE 59 SOUTH AMERICA: Cashew Nutshell Liquid MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)
               TABLE 60 SOUTH AMERICA: Cashew Nutshell Liquid MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)
               TABLE 61 SOUTH AMERICA: Cashew Nutshell Liquid MARKET SIZE, BY PRODUCT TYPE, 2020–2027 (USD MILLION)
               TABLE 62 SOUTH AMERICA: Cashew Nutshell Liquid MARKET SIZE, BY PRODUCT TYPE, 2020–2027 (KILOTON)
               TABLE 63 SOUTH AMERICA: Cashew Nutshell Liquid MARKET SIZE, BY COUNTRY, 2020–2027 (USD MILLION)
               TABLE 64 SOUTH AMERICA: Cashew Nutshell Liquid MARKET SIZE, BY COUNTRY, 2020–2027 (KILOTON)
             10.5.1 BRAZIL
                       10.5.1.1 Largest exporter of CNSL in South America
             10.5.2 REST OF SOUTH AMERICA
     10.6 MIDDLE EAST & AFRICA
               FIGURE 36 MIDDLE EAST & AFRICA: Cashew Nutshell Liquid MARKET SNAPSHOT
               TABLE 65 MIDDLE EAST & AFRICA: Cashew Nutshell Liquid MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)
               TABLE 66 MIDDLE EAST & AFRICA: Cashew Nutshell Liquid MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)
               TABLE 67 MIDDLE EAST & AFRICA: Cashew Nutshell Liquid MARKET SIZE, BY PRODUCT TYPE, 2020–2027 (USD MILLION)
               TABLE 68 MIDDLE EAST & AFRICA: Cashew Nutshell Liquid MARKET SIZE, BY PRODUCT TYPE, 2020–2027 (KILOTON)
               TABLE 69 MIDDLE EAST & AFRICA: Cashew Nutshell Liquid MARKET SIZE, BY COUNTRY, 2020–2027 (USD MILLION)
               TABLE 70 MIDDLE EAST & AFRICA: Cashew Nutshell Liquid MARKET SIZE, BY COUNTRY, 2020–2027 (KILOTON)
             10.6.1 UAE
                       10.6.1.1 Infrastructural projects to provide growth opportunities
             10.6.2 SOUTH AFRICA
                       10.6.2.1 Private sector investments to drive market
             10.6.3 REST OF MIDDLE EAST & AFRICA

11 COMPETITIVE LANDSCAPE (Page No. - 100)
     11.1 OVERVIEW
     11.2 MARKET SHARE ANALYSIS
               TABLE 71 CNSL MARKET: DEGREE OF COMPETITION
               FIGURE 37 CNSL: MARKET SHARE ANALYSIS IN 2021
             11.2.1 MARKET RANKING ANALYSIS
                       TABLE 72 RANKING OF KEY PLAYERS
     11.3 COMPANY EVALUATION QUADRANT, 2021
             11.3.1 STAR
             11.3.2 EMERGING LEADERS
             11.3.3 PERVASIVE
             11.3.4 PARTICIPANTS
                       FIGURE 38 CNSL MARKET: COMPETITIVE LEADERSHIP MAPPING, 2021
     11.4 STRENGTH OF PRODUCT PORTFOLIO
     11.5 BUSINESS STRATEGY EXCELLENCE
     11.6 COMPETITIVE SCENARIO
             11.6.1 MARKET EVALUATION MATRIX
                       TABLE 73 COMPANY PRODUCT FOOTPRINT
                       TABLE 74 COMPANY REGION FOOTPRINT
                       TABLE 75 COMPANY INDUSTRY FOOTPRINT
     11.7 STRATEGIC DEVELOPMENTS
             11.7.1 OTHER DEVELOPMENTS: INVESTMENT & EXPANSION
                       TABLE 76 OTHER DEVELOPMENTS: INVESTMENT & EXPANSION

12 COMPANY PROFILES (Page No. - 108)
     12.1 KEY PLAYERS
(Business overview, Products offered,

Recent Developments, MNM view)*
             12.1.1 CARDOLITE COMPANY
                       TABLE 77 CARDOLITE COMPANY: COMPANY OVERVIEW
             12.1.2 PALMER INTERNATIONAL
                       TABLE 78 PALMER INTERNATIONAL: COMPANY OVERVIEW
                       TABLE 79 PLAMER INTERNATIONAL: OTHER DEVELOPMENTS
             12.1.3 SENESEL
                       TABLE 80 SENESEL: COMPANY OVERVIEW
             12.1.4 CAT LOI CASHEW OIL PRODUCTION & EXPORT JOINT STOCK COMPANY (CAT LOI)
                       TABLE 81 CAT LOI CASHEW OIL PRODUCTION & EXPORT JOINT STOCK COMPANY: COMPANY OVERVIEW
             12.1.5 ZHEJIANG WANSHENG
                       TABLE 82 ZHEJIANG WANSHENG: COMPANY OVERVIEW
             12.1.6 ADARSH INDUSTRIAL CHEMICALS
                       TABLE 83 ADARSH INDUSTRIAL CHEMICALS: COMPANY OVERVIEW
             12.1.7 CASHEW CHEM INDIA
                       TABLE 84 CASHEW CHEM INDIA: COMPANY OVERVIEW
             12.1.8 GOLDEN CASHEW PRODUCTS PVT. LTD.
                       TABLE 85 GOLDEN CASHEW PRODUCTS PVT. LTD.: COMPANY OVERVIEW
             12.1.9 ADMARK POLYCOATS PVT. LTD.
                       TABLE 86 ADMARK POLYCOATS PVT. LTD.: COMPANY OVERVIEW
             12.1.10 PALADIN PAINTS & CHEMICALS PVT. LTD.
                       TABLE 87 PALADIN PAINTS & CHEMICALS PVT. LTD.: COMPANY OVERVIEW
     12.2 OTHER PLAYERS
             12.2.1 SATYA CASHEW CHEMICALS (P) LTD.
                       TABLE 88 SATYA CASHEW CHEMICALS (P) LTD.: COMPANY OVERVIEW
             12.2.2 K2P CHEMICALS
                       TABLE 89 K2P CHEMICALS: COMPANY OVERVIEW
             12.2.3 ZANTYE AGRO
                       TABLE 90 ZANTYE AGRO: COMPANY OVERVIEW
             12.2.4 RISHAB RESINS AND CHEMICALS
                       TABLE 91 RISHAB RESINS AND CHEMICALS: COMPANY OVERVIEW
             12.2.5 LC BUFFALO CO. LTD.
                       TABLE 92 LC BUFFALO CO. LTD.: COMPANY OVERVIEW
             12.2.6 SON CHAU CO. LTD.
                       TABLE 93 SON CHAU CO. LTD.: COMPANY OVERVIEW
             12.2.7 C. RAMAKRISHNA PADAYATCHI
                       TABLE 94 C. RAMAKRISHNA PADAYATCHI: COMPANY OVERVIEW
             12.2.8 SRI DEVI GROUP
                       TABLE 95 SRI DEVI GROUP: COMPANY OVERVIEW
             12.2.9 MUSKAAN GROUP
                       TABLE 96 MUSKAAN GROUP: COMPANY OVERVIEW
             12.2.10 SHIVAM CASHEW INDUSTRY
                       TABLE 97 SHIVAM CASHEW INDUSTRY: COMPANY OVERVIEW
             12.2.11 K SUBRAYA ANANTHA KAMATH AND SONS
                       TABLE 98 K SUBRAYA ANANTHA KAMATH AND SONS: COMPANY OVERVIEW
             12.2.12 R.K. AGRO PROCESSING
                       TABLE 99 R.K. AGRO PROCESSING: COMPANY OVERVIEW

*Details on Business overview, Products offered,

Recent Developments, MNM view might not be captured in case of unlisted companies.

13 APPENDIX (Page No. - 130)
     13.1 DISCUSSION GUIDE
     13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     13.3 AVAILABLE CUSTOMIZATIONS
     13.4 RELATED REPORTS
     13.5 AUTHOR DETAILS

This research study involved the extensive use of both primary and secondary data sources. Various factors affecting the industry, including the regulatory landscape; competitive scenario; historical data; current market trends; upcoming technologies; and market drivers, restraints, opportunities, and challenges, have been researched and analyzed in this report.

Secondary Research

Secondary sources included annual reports, press releases, and investor presentations of companies; directories and databases such as D&B, Bloomberg, Chemical Weekly, and Factiva; white papers and articles from recognized authors; and publications and databases from associations. Secondary research was also used to obtain important information about the key players and market classification & segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives. A database of the key industry leaders has also been prepared using secondary research.

Primary Research

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. Primary sources from the supply side included CEOs, vice presidents, marketing and sales directors, business development managers, technology & innovation directors of CNSL manufacturing companies, and suppliers and distributors. The primary sources from the demand side included industry experts such as directors of end-use industries and related key opinion leaders.

Following is the breakdown of primary respondents:

Cashew Nutshell Liquid Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the size of the CNSL market in various applications in each region. The research methodology used to estimate the market size included the following steps:

  • The key players in the market were identified in the respective regions through primary and secondary research.
  • All percentage shares, splits, and breakdowns were determined through secondary sources and verified through primary sources.

All possible parameters that affect the market and submarkets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to arrive at the final quantitative and qualitative data. The data was consolidated, supplemented with detailed inputs and analysis from the MNM data repository, and presented in this report.

Cashew Nutshell Liquid Market Size: Top-Down Approach

Cashew Nutshell Liquid Market Size, and Share

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and sub-segments. Data triangulation and market breakdown procedures were used wherever applicable to complete the overall market engineering process and arrive at the exact statistics for all the segments and sub-segments. The data was triangulated by studying various factors and trends from the demand and supply sides. In addition, the market was validated using both the top-down and bottom-up approaches; it was then verified through primary interviews. Hence, for every data segment, there were three sources — the top-down approach, the bottom-up approach, and Interviews with Experts. The data was assumed to be correct only when the values arrived at from the three sources matched.

Report Objectives

  • To define, describe, and forecast the size of the cashew nutshell liquid (CNSL) market in terms of both value and volume
  • To provide detailed information about the key drivers, restraints, opportunities, and challenges influencing market growth
  • To forecast the market size by product type and by application
  • To forecast the market size with respect to five main regions: North America, Europe, Asia Pacific, the Middle East & Africa, and South America
  • To strategically analyze micromarkets1 market with respect to individual growth trends, prospects, and their contribution to the overall market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape for market leaders
  • To analyze competitive developments in the market, such as new product developments, mergers & acquisitions, investments & expansions, and joint ventures, and agreements & partnerships
  • To strategically profile key players and comprehensively analyze their market shares and core competencies2

Note:
1 Micromarkets1 are defined as the sub-segments of the CNSL market included in the report.
2 Core competencies2 of companies are determined in terms of their key developments and key strategies adopted by them to sustain their
position in the market.

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the specific needs of companies.

The following customization options are available for the report:

Regional Analysis

  • Further breakdown of a country with respect to applications

Company Information

  • Detailed analysis and profiling of additional market players
Report Code
CH 8104
Published ON
May, 2022
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