The Cashew Nut Shell Liquid (CNSL) Market is forecast to grow from USD 250.2 Million in 2018 to USD 450.4 Million by 2026, at a CAGR of 7.3%, during the forecast period. The market is primarily driven by the increasing demand from innumerable applications, such as laminating resins, epoxy resins, cashew cements and rubber compounding resins, foundry chemicals and other industrial applications.
The cashew shell is used to extract cashew nutshell liquid (CNSL), a major cashew industry by-product. The nut is inside a shell about 1/8 inch thick, a soft honeycomb structure that contains a dark reddish brown viscous liquid. It is called the liquid cashew nut shell, which is the cashew nut per carp fluid.
The major players in the market are K2P Chemicals (India), Sri Devi Group (India), K Subraya Anantha Kamath and Sons (India), Muskaan (India), Senesel (India), Shivam Cashew Industry (India), Cardolite (India), Palmer International (India) and Olam Agro India Pvt. Ltd (India).
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Recent research has shown that CNSL constituents have special structural features for transformation of specialty chemicals and polymers of high value. This involves adding value to many orders of magnitude and providing 100% chemically pure products with the chemical transformation. CNSL therefore offers vast scope and opportunities for specialty chemicals, high-value products and polymers to be produced.
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Segments covered in the report:
Type (Kilo Tons) (Revenue, USD Million; 2016-2026)
- Raw Cashew Nut Shell Liquid
- Technical Cashew Nut Shell Liquid (TCNSL)
Application (Kilo Tons) (Revenue, USD Million; 2016-2026)
- Friction Linings
- Paints and Varnishes
- Laminating Resins
- Rubber Compounding Resins
- Cashew Cements
- Polyurethane based Polymers
- Surfactants
- Epoxy Resins
- Foundry Chemicals
- Others
End User (Kilo Tons) (Revenue, USD Million; 2016-2026)
- Coating Industry
- Automotive Industry
- Fuel Industry
- Leather Industry
- Tobacco Curing Industry
- Others
Region (Kilo Tons) (Revenue, USD Million; 2016-2026)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa
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