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Cardanol market was valued at US$ 29 million in 2022 and is anticipated to reach US$ 58 million by 2029, witnessing a CAGR of 10.3% - Valuates Reports
The global Cardanol market was valued at US$ 29 million in 2022 and is anticipated to reach US$ 58 million by 2029, witnessing a CAGR of 10.3% during the forecast period 2023-2029.
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Cardanol is a refined from natural cashew nut shell liquid with advanced technology.Cardanol can replace or partially replace phenol for the manufacture of epoxy curing agents, liquid phenolic resins, liquid or powdered thermosetting phenolic resins.
The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Cardanol includes Cat Loi, LC BUFFALO, Son Chau, Cardolite and C.Ramakrishna Padayatchi, etc. Global top 3 companies hold a share over 63%. India is the largest market, with a share about 36%, followed by Vietnam and China with the share about 31% and 17%.
Cardanol Market Insights
This report aims to provide a comprehensive presentation of the global market for Cardanol, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Cardanol.
The Cardanol market size, estimations, and forecasts are provided in terms of output/shipments (MT) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Cardanol market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Cardanol manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
Key Segmentations
By Company
Cat Loi
LC BUFFALO
Son Chau
Cardolite
C.Ramakrishna Padayatchi
Adarsh Industrial Chemicals
Golden Cashew Products
Senesel
Xuzhou Zhongyan Technology
Wansheng
GHW International
Segment by Type
Single Distilled
Double Distilled
Segment by Application
Resins
Surface Coatings and Paints
Lamination
Adhesives
Pharmaceuticals
Industrial Cleaning
Home & Personal Care
Others
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