image

Cashew Nutshell Liquid Market Report Scope & Overview:

The Cashew Nutshell Liquid Market Size was valued at USD 3.76 billion in 2022, and expected to reach USD 6.76 billion by 2030, and grow at a CAGR of 7.6% over the forecast period 2023-2030.

Cashew nut shell liquid (CNSL) is a byproduct of the cashew industry that serves several functions. The nut has a 1/8-inch-thick shell with a soft honeycomb structure inside that contains a dark reddish brown viscous liquid. CNSL goes through all of the typical phenol reactions, including CNSL aldehyde condensation products and CNSL-based phenolics. Resins are used in a variety of applications, including surface coatings and adhesives. CNSL-derived polyamines are used as curing agents for epoxy resins. CNSL and its derivatives have been used as antioxidants, plasticizers, and processing aids for rubber compounds, plastic material modifiers, and to provide oxidative resistance to sulphur-cured natural rubber products. It is also added to rubber gum stock or nitrile rubber to improve the vulcanisates' processability, mechanical properties, and resistance to crack and cut. As a result, the growing use of CNSL as an alternative to unsaturated phenols is expected to drive the global cashew nut shell liquid (CNSL) market during the forecast period.

Cashew Nutshell Liquid Market Revenue Analysis

Get More Information on Cashew Nutshell Liquid Market - Request Sample Report

Market Dynamics:

Drivers:

  • Increasing demand for personal care industry.

Restraints:

  • The raw material prices are volatile.

  • Availability of raw materials.

Opportunity:

  • Development of innovative products.

  • Increasing demand of sustainable green products and bio-based.

Challenge:

  • Substitutes are available.

  • Developing CNSL manufacturing technology.

Impact of COVID-19:

COVID-19 had a negative impact on the cashew value chain because it disrupted the distribution channel, which tends to lower the market end-products of cashew nuts. West African producers suffered losses because they were unable to export cashew to Vietnam and India for processing due to the lockdown and disrupted transportation systems. The delay in collection and shipment reduced the overall kernel supply even more.

Market Segmentation:

By Type:

  • Epoxy Curing Agents

  • Epoxy Modifiers & Resins

  • Surfactants

  • Phenol-Formaldehyde (PF) Resins

  • Friction Materials

  • Polyols & NCO Blocking Agents

  • Others

By Application:

  • Personal Care

  • Adhesives

  • Friction Linings

  • Laminates

  • Foams & Insulation

  • Coatings

  • Others

By End User Industry:

  • Coating Industry

  • Automotive Industry

  • Fuel Industry

  • Leather Industry

  • Tobacco Curing Industry

  • Others

Cashew Nutshell Liquid Market Segmentation Analysis

Get Customized Report as per Your Business Requirement - Request For Customized Report

Regional Analysis:

In recent years, the cashew kernel market has seen a rapid shift in consumption patterns across North America and Asia-Pacific, owing primarily to assorted cashew products occupying a larger share of the retail market space. The Asia-Pacific region is the largest consumer, with rising demand for cashew kernels in daily diets and healthy ready-to-eat snacks. The high penetration rate of cashew-based retail manufacturers in developed and emerging markets, as well as the successful implementation of cashew production and processing initiatives in Africa, are expected to drive the global cashew kernel market during the forecast period.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Key Players:

Senesel, KSA Kamath and Sons, Muskaan, Shivam Cashew Industry, Sri Devi Group, Cat Loi, LC BUFFALO, CIONE, Cardolite, K2P Chemicals, Golden Cashew Products, Adarsh Industrial Chemicals, C.Ramakrishna Padayatchi, Son Chau Olam Agro India Pvt. Ltd, and other players.

Shivam Cashew Industry-Company Financial Analysis

Cashew Nutshell Liquid Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 3.76 Billion
Market Size by 2030 US$ 6.76 Billion
CAGR CAGR of 7.6% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (Epoxy Curing Agents, Epoxy Modifiers & Resins, Surfactants, Phenol-Formaldehyde (PF) Resins, Friction Materials, Polyols & NCO Blocking Agents, Others)
• By Application (Personal Care, Adhesives, Friction Linings, Laminates, Foams & Insulation, Coatings, Others)
• By End User Industry (Coating Industry, Automotive Industry, Fuel Industry, Leather Industry, Tobacco Curing Industry, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Senesel, KSA Kamath and Sons, Muskaan, Shivam Cashew Industry, Sri Devi Group, Cat Loi, LC BUFFALO, CIONE, Cardolite, K2P Chemicals, Golden Cashew Products, Adarsh Industrial Chemicals, C.Ramakrishna Padayatchi,  , Son Chau Olam Agro India Pvt. Ltd, and other players.
DRIVERS • Increasing demand for personal care industry.
Restraints • The raw material prices are volatile.
• Availability of raw materials.

Frequently Asked Questions

Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.

 

Ans: Epoxy Curing Agents, Epoxy Modifiers & Resins, Surfactants, Phenol, Formaldehyde (PF) Resins, Friction Materials, Polyols & NCO Blocking Agents, And Others are the sub-segments of by type segment.

 

Ans: Senesel, KSA Kamath and Sons, Muskaan, Shivam Cashew Industry, Sri Devi Group, Cat Loi, LC BUFFALO, CIONE, Cardolite, K2P Chemicals, Golden Cashew Products, Adarsh Industrial Chemicals, C.Ramakrishna Padayatchi and Son Chau Olam Agro India Pvt. Ltd

Ans: The raw material prices are volatile and Availability of raw materials are the restraints for Cashew Nutshell Liquid Market.

Ans: Cashew Nutshell Liquid Market Size was valued at USD 3.5 billion in 2021, and expected to reach USD 5.8 billion by 2028, and grow at a CAGR of 7.6 % over the forecast period 2022-2028.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

8. Cashew Nutshell Liquid Market Segment, By Type

8.1 Epoxy Curing Agents

8.2 Epoxy Modifiers & Resins

8.3 Surfactants

8.4 Phenol-Formaldehyde (PF) Resins

8.5 Friction Materials

8.6 Polyols & NCO Blocking Agents

8.7 Others

9. Cashew Nutshell Liquid Market Segment, By Application

9.1 Personal Care

9.2 Adhesives

9.3 Friction Linings

9.4 Laminates

9.5 Foams & Insulation

9.6 Coatings

9.7 Others

10. Cashew Nutshell Liquid Market Segment, By End User Industry

10.1 Coating Industry

10.2 Automotive Industry

10.3 Fuel Industry

10.4 Leather Industry

10.5 Tobacco Curing Industry

10.6 Others

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

12. Company Profile

12.1 Olam Agro India Pvt. Ltd

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Senesel

12.3 CIONE

12.4 KSA Kamath and Sons

12.5 K2P Chemicals

12.6 Sri Devi Group

12.7 Muskaan

12.8 Shivam Cashew Industry

12.9 Cat Loi

12.12 LC BUFFALO

12.12 Son Chau

13.Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

14. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

Start a Conversation

Hi! Click one of our member below to chat on Phone