캐슈넛 껍질액(CNSL) 시장 예측(-2030년) : 제품 유형, 용도, 최종사용자 및 지역별 세계 분석

According to Stratistics MRC, the Global Cashew Nutshell Liquid Market is accounted for $444.9 million in 2023 and is expected to reach $839.8 million by 2030 growing at a CAGR of 9.5% during the forecast period. The cashew industry's Cashew Nut Shell Liquid (CNSL) is a useful by-product. The nut has a thick shell, and within is a delicate honeycomb structure that houses a viscous, dark reddish-brown liquid. It is the pericap fluid of the cashew nut and is referred to as cashew nut shell liquid. CNSL has innumerable applications in polymer based industries such as friction linings (cashew friction dust, brake linings, clutch facings, brake pad composites), paints and varnishes, enamels, cashew lacquers, electrical conductors, laminating resins, rubber compounding resins, cashew cements, polyurethane based polymers, surfactants, epoxy resins, anticorrosive lining chemicals, foundry chemicals and intermediates for chemical industry. It provides a wide range of options and flexibility for the creation of further custom polymers. Hence all the above factors drive the growth of the cashew nutshell liquid market.

Market Dynamics:

Driver:

Escalating consumer desire for green, bio-based products

Petrochemical production generates carbon emissions and environmentally dangerous by products. As a result, several eco-friendly and non-hazardous product kinds are being produced. As a result, synthetic bio-based remedies have been created. Bio-based goods are capable of being developed to satisfy a variety of client requests in addition to having less carbon footprints. The creation of novel goods as a consequence of rising consumer knowledge of the advantages of biodegradable products has led to potential for the industry to grow rapidly.

Restraint:

Availability of alternatives

Natural resources are used to make CNSL, which has the potential to dominate the market for petroleum feedstock. Synthetically generated items that are simpler to create present a significant threat to it. Manufacturers of CNSL must concentrate on offering bio-based goods in significant numbers in order to penetrate sizable markets and get beyond resistance to change. The major market segments see this difficulty as an opportunity and are creating technologies to produce CNSL with superior performance at competitive prices.

Opportunity:

Growing focus on "green chemistry" from personal care sector

The personal care sector has entered a new phase as a result of the increased emphasis on "green chemistry" by many businesses to satisfy customer demand for eco-friendly goods. One of the key components of personal care products, including skincare, hair care, ointments, gels, lotions, and other cosmetics, is CNSL-based surfactants. The personal care sector is expanding quickly as a result of increased personal care spending and a growing population. In developing nations like China, India, and Brazil, the retail sector is becoming more organised, which is assisting the personal care sector's expansion. The market is always altering to reflect shifting customer tastes.

Threat:

Unstable raw material costs

Manufacturers use a variety of criteria to determine the cost structure of their goods, including the price and availability of raw materials. Plastic resins, synthetic rubbers, inorganic chemicals, industrial inorganic chemicals, and refined petroleum products are only a few examples of the raw materials utilised by the industry. The majority of these basic materials are derivatives of petroleum that are susceptible to changes in commodity prices. Recent years have seen a lot of volatility in oil prices.

COVID-19 Impact:

The COVID-19 epidemic has slowed the market's expansion. Demand for CNSL fell as a result of declining global industries including the automotive and construction sectors. The supply chain and distribution networks on the worldwide market were disrupted, which had an impact on the availability of raw materials. Due to governmental restrictions and social segregation restrictions, the pandemic also had an impact on building activity across the world. The demand for cashew nutshell liquid was further lowered by restrictions on trade and import/export operations.

The epoxy curing agents segment is expected to be the largest during the forecast period:

The epoxy curing agents segment is estimated to have a lucrative growth, due to rise in the demand for high-performance renewable biomaterials. The liquid-based epoxy curing agents made from cashew nut shells have a high bio-content and offer advantages such strong water resistance, higher mechanical strength, and increased adherence to varied substrates. These provide quick curing, better adhesion, and long-term corrosion protection. The development of low VOC formulations and strict environmental regulations both contribute to the expansion of this market. The improvement of the building industry, rising industrialisation, and expanding vehicle penetration throughout the world all contribute to this segment's growth.

The coatings segment is expected to have the highest CAGR during the forecast period:

The coatings segment is anticipated to witness the highest CAGR growth during the forecast period, due to excellent corrosion protection is offered by Cashew Nutshell liquid based coatings, which also adhere to VOC content regulations. They provide applications all year round. Under harsh circumstances, these compounds offer exceptional corrosion protection while preserving structural bond strength. Hydrocarbons treated with Cashew Nutshell Liquid offer better intercoat adhesion and flexibility while retaining quick cure times and anticorrosion qualities which drives the growth of the market.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the raw materials easy accessibility, thanks to developing industries and growing demand for CNSL as an alternative to unsaturated phenols. It is anticipated to rise as a result of the expanding economy and rising domestic demand for exports and items made from bio-based materials. The cashew nutshell liquid market has benefited from environmental rules and fluctuating raw material prices.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period; owing to the expanding global economy, growing local demand for bio-based goods and exports, and increased interest in performance goods are all predicted to contribute to the expansion of the cashew nut liquid market. The market is anticipated to be driven by efforts to reduce volatile organic compounds (VOC) content.

Key players in the market

Some of the key players profiled in the Cashew Nutshell Liquid Market include Pelmer International, Cardolite Company, Senesel, Sri Devi Group, Zhejiang Wansheng, Cat Loi Cashew Oil Production & Export JSC (Cat Loi), Admark polycoats pvt. Ltd.,Golden cashew products pvt. Ltd, Satya cashew chemicals (p) ltd., Cashew Chem India, Adarsh Industrial Chemicals, K2P Chemicals, LC Buffalo Co. Ltd., Muskaan Group, Son Chau Co., Ltd and Equilex Chemicals B.V.

Key Developments:

In Jan 2022, Cardolite Launches NX-8402 - New Waterborne Curing Agent, NX-8402 is a new waterborne curing agent for epoxy coatings and adhesives. This epoxy hardener does not contain any solvent and does not require co-solvents to properly form a film.

In April 2021, Cardolite introduced its new product, NX-9212. The product is a polyether diol, which is derived from cashew nutshell liquid. NX-9212 offer low viscosity along with low or zero VOC polyurethanes.

Product Types Covered:

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

Applications Covered:

• Adhesives
• Foams & Insulation
• Friction Linings
• Laminates
• Other Applications

End Users Covered:

• Automotive Industry
• Coating Industry
• Paint Industry
• Polymer Industry
• Pharmaceutical Industry
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Product Analysis
• 3.7 Application Analysis
• 3.8 End User Analysis
• 3.9 Emerging Markets
• 3.10 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Cashew Nutshell Liquid Market, By Product Type

• 5.1 Introduction
• 5.2 Surfactants
• 5.3 Friction Materials
• 5.4 Epoxy Curing Agents
• 5.5 Epoxy Modifiers & Resins
• 5.6 Phenol Formaldehyde (PF) Resins
• 5.7 Polyols & NCO Blocking Agents
• 5.8 Other Product Types

6 Global Cashew Nutshell Liquid Market, By Application

• 6.1 Introduction
• 6.2 Adhesives
• 6.3 Foams & Insulation
• 6.4 Friction Linings
• 6.5 Laminates
• 6.6 Other Applications

7 Global Cashew Nutshell Liquid Market, By End User

• 7.1 Introduction
• 7.2 Automotive Industry
• 7.3 Coating Industry
• 7.4 Paint Industry
• 7.5 Polymer Industry
• 7.6 Pharmaceutical Industry
• 7.7 Other End Users

8 Global Cashew Nutshell Liquid Market, By Geography

• 8.1 Introduction
• 8.2 North America
  • 8.2.1 US
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 UK
  • 8.3.3 Italy
  • 8.3.4 France
  • 8.3.5 Spain
  • 8.3.6 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 Japan
  • 8.4.2 China
  • 8.4.3 India
  • 8.4.4 Australia
  • 8.4.5 New Zealand
  • 8.4.6 South Korea
  • 8.4.7 Rest of Asia Pacific
• 8.5 South America
  • 8.5.1 Argentina
  • 8.5.2 Brazil
  • 8.5.3 Chile
  • 8.5.4 Rest of South America
• 8.8 Middle East & Africa
  • 8.8.1 Saudi Arabia
  • 8.8.2 UAE
  • 8.8.3 Qatar
  • 8.8.4 South Africa
  • 8.8.5 Rest of Middle East & Africa

9 Key Developments

• 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 9.2 Acquisitions & Mergers
• 9.3 New Product Launch
• 9.4 Expansions
• 9.5 Other Key Strategies

10 Company Profiling

• 10.1 Pelmer International
• 10.2 Cardolite Company
• 10.3 Senesel
• 10.4 Sri Devi Group
• 10.5 Zhejiang Wansheng
• 10.6 Cat Loi Cashew Oil Production & Export JSC (Cat Loi)
• 10.7 Admark polycoats pvt. Ltd.
• 10.8 Golden cashew products pvt. Ltd
• 10.9 Satya cashew chemicals (p) ltd.
• 10.10 Cashew Chem India
• 10.11 Adarsh Industrial Chemicals
• 10.12 K2P Chemicals
• 10.13 LC Buffalo Co. Ltd.
• 10.14 Muskaan Group
• 10.15 Son Chau Co., Ltd
• 10.16 Equilex Chemicals B.V.