Cashew Nut Shell Liquid CNSL Market Report 2025 (Global Edition)

Global Cashew Nut Shell Liquid CNSL Market Report 2025 Market Size Split by Type (Phenol-Formaldehyde (PF) Resins, Epoxy Modifiers & Resins, Epoxy Curing Agents, Surfactants, Polyols & NCO Blocking Ag...

Cashew Nut Shell Liquid CNSL Market Report Description

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Cashew Nut Shell Liquid CNSL Market Insights Video

Competitive Landscape of the Cashew Nut Shell Liquid CNSL Market

The competitive landscape of the Cashew Nut Shell Liquid (CNSL) market is characterized by increasing innovation in extraction technologies, expanding applications across various industries, and a focus on sustainability. Companies are investing in research and development to enhance CNSL's properties and diversify its use in sectors like coatings, adhesives, and biofuels, driving market growth and differentiation.

March 2024: UECC partnered with industry leaders, including Lloyd’s Register FOBAS, Wartsila, and ACT Group, to critically assess a CNSL-based biofuel. ACT Group developed the FSI.100 biofuel, showcasing its commitment to sustainability. (Source: https://maritime-executive.com/corporate/uecc-collaborates-to-advance-cashew-nut-shell-liquid-marine-biofuel) January 2024: Six Chinese companies expressed interest in setting up cashew processing plants in Cambodia, with one focusing on producing Cashew Nut Shell Liquid (CNSL). They aimed to convert cashew shells into biofuel for export to eco-conscious countries. (Source: https://www.phnompenhpost.com/national/cac-eyes-funding-for-cashew-shell-biofuel-production)

Top Companies Market Share in Cashew Nut Shell Liquid CNSL Industry: (In no particular order of Rank)

• Cardolite Company (U.S.A)
• Pelmer International (U.S.A)
• Senesel (Poland)
• Sri Devi Group (India)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Cashew Nut Shell Liquid CNSL Market

Which Region Dominates the Cashew Nut Shell Liquid CNSL Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue, driven by its advanced industrial capabilities and growing demand for sustainable materials. The region's strong emphasis on green technologies and bio-based products bolstered its leadership, with increased investments in research and development further solidifying its position in the global market.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific emerged as the fastest-growing region in the Cashew Nut Shell Liquid (CNSL) market. The region's rapid expansion is driven by increasing cashew production, rising demand for bio-based materials, and growing industrial applications. Investments in processing technologies and a focus on sustainable practices further propel the market's growth in this dynamic region.

The current report Scope analyzes Cashew Nut Shell Liquid CNSL Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Cashew Nut Shell Liquid CNSL Market

According to Cognitive Market Research, the global cashew nut shell liquid CNSL market size was estimated at USD 415.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 166.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the cashew nut shell liquid CNSL market with a market size of USD 131.04 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. The US holds a major share in the cashew nut shell liquid (CNSL) market due to advanced technology and high demand.
• The Canada cashew nut shell liquid CNSL market had a market share of USD 19.93 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Canada drives growth in the CNSL market through increasing investments in sustainable biofuel and green technologies.
• The Mexico cashew nut shell liquid CNSL market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 15.11 million in 2024.

Europe Cashew Nut Shell Liquid CNSL Market

According to Cognitive Market Research, the global cashew nut shell liquid CNSL market size was estimated at USD 415.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 124.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.

• The United Kingdom cashew nut shell liquid CNSL market had a market share of USD 20.93 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. The UK is leading in the Cashew Nut Shell Liquid (CNSL) market due to advancements in sustainability.
• The France cashew nut shell liquid CNSL market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 11.46 million in 2024.
• According to Cognitive Market Research, the German cashew nut shell liquid CNSL market size was valued at USD 24.66 million in 2024 and is projected to grow at a CAGR of 6.7% during the forecast period. Germany is expanding in the Cashew Nut Shell Liquid (CNSL) market, driven by strong sustainability initiatives.
• The Italy cashew nut shell liquid CNSL market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD 10.71 million in 2024.
• The Russia cashew nut shell liquid CNSL market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 19.31 million in 2024.
• The Spain cashew nut shell liquid CNSL market is projected to witness growth at a CAGR of 5.6% during the forecast period with a market size of USD 10.21 million in 2024
• The Luxembourg cashew nut shell liquid CNSL market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 3.86 million in 2024.
• The Portugal cashew nut shell liquid CNSL market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 2.62 million in 2024.
• The Greece cashew nut shell liquid CNSL market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 1.49 million in 2024.
• Rest of Europe's cashew nut shell liquid CNSL market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 19.31 million in 2024.

Asia Pacific Cashew Nut Shell Liquid CNSL Market

According to Cognitive Market Research, the global Cashew Nut Shell Liquid CNSL market size was estimated at USD 415.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 95.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.

• According to Cognitive Market Research, the China cashew nut shell liquid CNSL market size was valued at USD 42.97 million in 2024 and is projected to grow at a CAGR of 9.5% during the forecast period. China's regulatory support for sustainable materials is a key driver in the cashew nut shell liquid (CNSL) market.
• The Japan cashew nut shell liquid CNSL market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 13.18 million in 2024.
• The India cashew nut shell liquid CNSL market had a market share of USD 11.46 million in 2024 and is projected to grow at a CAGR of 11.8% during the forecast period. India's rapidly growing cashew nut shell liquid (CNSL) market is driven by increasing industrial demand.
• The South Korean cashew nut shell liquid CNSL market is projected to witness growth at a CAGR of 9.1% during the forecast period, with a market size of USD 9.55 million in 2024.
• The Australian cashew nut shell liquid CNSL market is projected to witness growth at a CAGR of 9.7% during the forecast period, with a market size of USD 4.97 million in 2024.
• The South East Asia cashew nut shell liquid CNSL market is projected to witness growth at a CAGR of 11.0% during the forecast period, with a market size of USD 6.59 million in 2024.
• The Rest of the Asia Pacific cashew nut shell liquid CNSL market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a market size of USD 6.78 million in 2024.

South America Cashew Nut Shell Liquid CNSL Market

According to Cognitive Market Research, the global Cashew Nut Shell Liquid CNSL market size was estimated at USD 415.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 20.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil cashew nut shell liquid CNSL market size was valued at USD 8.89 million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period. Brazil's dominance in the cashew nut shell liquid (CNSL) market is driven by extensive cashew production.
• Argentina's cashew nut shell liquid CNSL market had a market share of USD 3.49 million in 2024 and is projected to grow at a CAGR of 8.3% during the forecast period. Argentina's prominent growth in the cashew nut shell liquid (CNSL) market is driven by increased cashew production and sustainability focus.
• Colombia's cashew nut shell liquid CNSL market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 1.85 million in 2024.
• Peru's cashew nut shell liquid CNSL market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD 1.70 million in 2024.
• Chile's cashew nut shell liquid CNSL market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 1.49 million in 2024.
• The Rest of Latin America's cashew nut shell liquid CNSL market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 3.34 million in 2024.

• According to Cognitive Market Research, the Brazil cashew nut shell liquid CNSL market size was valued at USD 8.89 million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period. Brazil's dominance in the cashew nut shell liquid (CNSL) market is driven by extensive cashew production.
• Argentina's cashew nut shell liquid CNSL market had a market share of USD 3.49 million in 2024 and is projected to grow at a CAGR of 8.3% during the forecast period. Argentina's prominent growth in the cashew nut shell liquid (CNSL) market is driven by increased cashew production and sustainability focus.
• Colombia's cashew nut shell liquid CNSL market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 1.85 million in 2024.
• Peru's cashew nut shell liquid CNSL market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD 1.70 million in 2024.
• Chile's cashew nut shell liquid CNSL market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 1.49 million in 2024.
• The Rest of Latin America's cashew nut shell liquid CNSL market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 3.34 million in 2024.

Middle East Cashew Nut Shell Liquid CNSL Market

According to Cognitive Market Research, the global cashew nut shell liquid CNSL market size was estimated at USD 415.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 8.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031..

• The GCC Countries' cashew nut shell liquid CNSL market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 3.55 million in 2024. GCC countries lead in the cashew nut shell liquid (CNSL) market, driven by demand for sustainable materials.
• The Egypt cashew nut shell liquid CNSL market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 0.87 million in 2024.
• The South African cashew nut shell liquid CNSL market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 1.31 million in 2024. South Africa's growing cashew industry and focus on sustainable practices are driving the CNSL market's expansion.
• The Turkey cashew nut shell liquid CNSL market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 0.71 million in 2024.
• The Nigeria cashew nut shell liquid CNSL market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 0.87 million in 2024.
• The Rest of the MEA cashew nut shell liquid CNSL market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 0.98 million in 2024.

Cashew Nut Shell Liquid CNSL Market Analysis

Cashew Nut Shell Liquid CNSL Market Type Segment Analysis

According to Cognitive Market Research, epoxy curing agents derived from Cashew Nut Shell Liquid (CNSL) hold a major share in the CNSL market. Their significant presence is attributed to CNSL's ability to enhance the performance of epoxy resins, offering superior thermal and chemical resistance. This application drives substantial demand in industries such as coatings, adhesives, and composites, bolstering CNSL's market position.

In the cashew nut shell liquid (CNSL) market, epoxy modifiers and resins emerged as the fastest-growing segment. The increasing demand for durable and high-performance materials in the automotive, construction, and coatings industries drives this growth. CNSL's unique properties make it an ideal component for enhancing epoxy formulations, contributing to the segment's expansion.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Cashew Nut Shell Liquid CNSL Industry. Request a Free Sample PDF!

Cashew Nut Shell Liquid CNSL Market Product Segment Analysis

According to Cognitive Market Research, crude cashew nut shell liquid (CNSL) holds a major share in the CNSL market due to its widespread use in various industrial applications. Its cost-effectiveness and versatility make it a preferred choice for manufacturers, driving significant demand. The crude form is crucial for producing biofuels, coatings, and other products, reinforcing its market dominance.

Refined cashew nut shell liquid (CNSL) emerged as the fastest-growing segment in the CNSL market. This growth is driven by its enhanced properties and applications in high-performance coatings, adhesives, and biofuels. The demand for refined CNSL is increasing due to its superior quality and effectiveness in diverse industrial applications, fueling market expansion.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Cashew Nut Shell Liquid CNSL End-User Segment Analysis

Cashew Nut Shell Liquid CNSL Market End-User Segment Analysis

According to Cognitive Market Research, industrial chemicals hold a major share in the cashew nut shell liquid (CNSL) market. CNSL's unique properties make it valuable in the production of industrial chemicals, including resins, coatings, and adhesives. Its applications in these sectors drive substantial market demand, highlighting its importance and versatility in various industrial processes.

The cosmetic industry has emerged as the fastest-growing segment in the cashew nut shell liquid (CNSL) market. CNSL's natural antioxidant and emollient properties make it an attractive ingredient for skincare and beauty products. Increasing consumer demand for eco-friendly and sustainable cosmetics is driving the adoption of CNSL, boosting its market presence in this sector.

• Cosmetic Industry
• Industrial Chemicals
• Agricultural Industry
• Food & Beverage Industry

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

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Profile

• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
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• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.

Author's Conclusion