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Cashew Nutshell Liquid Market Analysis, Growth, Opportunities, Forecast 2029

Cashew Nutshell Liquid Market - DataM Intelligence

Cashew Nutshell Liquid Market - DataM Intelligence

Market Overview
The Cashew Nutshell Liquid Market is estimated to reach a CAGR of 7.80% during the forecast period (2022-2029).

Cashew nut shell liquid is a highly viscous liquid found inside cashew nutshell and is a major agricultural byproduct obtained during cashew nut and apple production. Natural CNSL is a blend of phenolic compounds with aliphatic side chains of 70% anacardic acid, 18% cardol, and 5% cardanol.

Cashew Nutshell Liquid can be extracted using a variety of methods such as solvent extraction, mechanical extraction, hot oil process, vacuum distillation, or supercritical fluids processes. For extraction, primarily hot-oil and local roasting is used, in which the CNSL streams out of the shell. High temperatures are commonly used to decarboxylate anacardic acid, yielding cardanol.

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Market Dynamic
Growing demand for bio-based products in various industry verticals

The generation of petrochemicals can result in carbon emissions and the production of hazardous environmental consequences. As a result, several ecologically friendly and non-hazardous product lines are being produced. The development of bio-based solution synthesizers is due to the aforementioned factor. Bio-based products can meet a wide range of client demands and have fewer carbon footprints. Innovative goods have been created due to the increased public knowledge of the value of biodegradable products. By creating new goods and technology that customers want in these shifting times, manufacturing companies continuously adjust to changing requirements. Thus the growing demand for bio-based products in various industrial verticals could be a major market driver for the global cashew nutshell market.

View Full Report: https://www.datamintelligence.com/research-report/cashew-nutshell-liquid-market

Market Segmentation
By Type
• Natural
• Technical
By Product
• Phenol Formaldehyde (PF) Resins
• Epoxy Modifiers & Resins
• Epoxy Curing Agents
• Surfactants
By Application
• Adhesives
• Coatings
• Foams & Insulation
• Laminates
• Friction Linings
• Personal Care

Competitive Landscape
In terms of global and local producer numbers and strengths, the global cashew nutshell liquid market is niche yet competitive due to the presence of major players such as Cardolite Company, Pelmer International, Senesel, Sri Devi Group, LC BUFFALO, Golden Cashew Products, Muskaan, Shivam Cashew Industry, Adarsh Industrial Chemicals and K2P Chemicals. The market is fragmented and pivotal market stakeholders use market tactics such as mergers, acquisitions, product launches, contributions, and collaborations to gain a competitive advantage and recognition in their respective markets.

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DataM Intelligence 4market Research LLP
Ground floor, DSL Abacus IT Park,
Industrial Development Area, Uppal,
Hyderabad, Telangana 500039
Website: https://www.datamintelligence.com/

DataM Intelligence 4Market Research is a market intelligence platform that gives access to syndicated, customized reports and consulting to its clients in one place. As a firm with rich experience in research and consulting across multiple domains, we are a one-stop solution that will cater to the needs of clients in key business areas. DataM Intelligence has an online platform whose coverage includes industries such as chemicals and materials, agriculture, health care services, animal feed, and food & beverages, among others. Our platform has Insights on markets that uncover the latest market research data that are distinct from the competition. With coverage across 10 major industries in the marketplace research, DataM Intelligence benefits thousands of companies by helping them take their innovations early to the market by providing a complete view of the market with statistical forecasts. Our strategy-centric framework and value-added services will let individuals and corporates ease access and custom personalization to research and markets.

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