According to the new market research report "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", published by MarketsandMarkets™, the CNSL 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.
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Epoxy curing agents segment accounted for the largest share of the cashew nutshell liquid market in 2021.
Epoxy curing agents are required in different chemistries in a broad range of applications. Coating manufacturers use epoxy curing agents in several areas such as industrial, marine, protective coatings, transportation, and flooring applications. Adhesives manufacturers uses solutions for structural, building and construction, automotive and electronic systems. Low viscosity, solvent free epoxy curing agents are used in composite applications as well. The faster curing time of epoxy primers reduces downtime and increases productivity. CNSL-based epoxy curing agents provide great protection. Other CNSL-based epoxy curing agents provide excellent corrosion protection.
Coatings is projected to be the largest segment of cashew nutshell liquid market during the forecast period.
CNSL is cured and polymerized to provide resins that act as high-quality coating materials. These resins are utilized for anti-corrosive protective coatings. The most crucial application is in marine vessels and finishing boat coatings. These CNSL-based coatings are used in chemical factories to protect the machinery and equipment from corrosion and deterioration.
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Europe is the largest cashew nutshell liquid market in the forecast period
The CNSL market in Europe is segmented into Germany, France, the UK, Italy, the Netherlands, and Rest of Europe. The chemical industry is a significant part of the region's economy. The growth is driven by investments made in this region by global chemical companies. Though the steady European economic recovery is expected to drive the market, the adoption of several strict regulations against the use of petroleum-based products is likely to challenge the market growth in the region.
The key players profiled in the timber laminating adhesives market report are Cardolite Company (U.S.A), Pelmer International (U.S.A), Senesel (Poland), Sridevi Group (India).
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The global Cashew Nuts market was valued at million US$ in 2018 and will reach million US$ by the end of 2025, growing at a CAGR of during 2019–2025.This report focuses on Cashew Nuts volume and value at global level, regional level and company level.
From a global perspective, this report represents overall Cashew Nuts market size by analyzing historical data and future prospect.Regionally, this report categorizes the production, apparent consumption, export and import of Cashew Nuts in North America, Europe, China, Japan, Southeast Asia and India.Report Sample includes:- Table of Contents- List of Tables & Figures- Charts- Research MethodologyGet FREE Sample of this Report at https://www.24marketreports.com/report-sample/global-cashew-nuts-2019-609For each manufacturer covered, this report analyzes their Cashew Nuts manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.The following manufacturers are covered:Aryan InternationalAgrocel IndustriesCBL Natural FoodsDelphi OrganicCascade AgroindustrialAjanta IndustriesAlien GreenBata FoodAurora ProductsDivine FoodsAchal Cashew nutsMultiple OrganicsTierra FarmPro Nature Organic FoodsSegment by RegionsNorth AmericaEuropeChinaJapanSoutheast AsiaIndiaSegment by Typeby FormWholeRoastedPowderPasteSplitsby Food TypeDairy ProductsBakery ProductsSnacks & BarsConfectionariesCerealsDessertsBeveragesSegment by ApplicationRetailersConvenience StoresSupermarketsSpecialist StoresGet the Complete Report & TOC at https://www.24marketreports.com/food-and-beverages/global-cashew-nuts-2019-609CONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/24-market-reports
