Cashew Nutshell Liquid Market Outlook by Size, Share, Demand &
Growth for 2034
The global cashew nutshell liquid market is anticipated to reach a valuation
of US$ 454.7 million in 2024, driven by rising consumer awareness. The trend
is expected to create new opportunities for the market, leading to a projected
CAGR of 8.1% between 2024 and 2034, and reaching a total valuation of
approximately US$ 995.0 million by 2034.
One of the major factors contributing to the growth of the market is the
expansion of the nut processing industry, particularly in regions with abundant
cashew nut production, which can increase the availability of raw materials for
extraction. The expansion can drive down production costs and stimulate
market growth by ensuring a steady supply of raw materials.
Improvements in supply chain management, including logistics, transportation,
and storage, can contribute to the growth of the cashew nutshell liquid market
by ensuring efficient distribution of raw materials and finished products.
Streamlining the supply chain reduces costs and enhances market
competitiveness.
Companies in the cashew nutshell liquid market can explore the diversification
of their product portfolio by developing a range of cashew nutshell liquid
derivatives tailored to specific industrial applications. Offering diverse product
options enables companies to cater to a broader customer base and capture niche
market segments.
Continued advancements in extraction technologies, such as solvent extraction,
pressing, and distillation methods, can improve the efficiency and yield of
cashew nutshell liquid extraction from cashew nut shells. Enhanced extraction
processes contribute to cost reduction and increased profitability in the market.
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Exploring emerging applications of cashew nutshell liquid derivatives, such as
in pharmaceuticals, personal care products, and nutraceuticals, presents
opportunities for market expansion. Capitalizing on the unique properties of
cashew nutshell liquid opens up new avenues for product innovation and
revenue growth.
Collaborations between cashew nutshell liquid manufacturers, research
institutions, universities, and industry associations facilitate knowledge sharing,
technology transfer, and market expansion initiatives. Strategic partnerships
enable access to expertise, resources, and funding opportunities, fostering
innovation and competitiveness in the CNSL market.
Key Takeaways from the Market Study

The global cashew nutshell liquid market was valued at US$ 413.0
million in 2023.

From 2019 to 2023, the market demand expanded at a CAGR of 10.7%.

The market in Japan is expected to expand at a CAGR of 9.8% through
2034.

By product, the surfactants segment accounts for a CAGR
of 7.8% through 2034.

The absolute dollar growth of the market is projected to reach a value
of US$ 540.3 million during the forecast period

The market in the United Kingdom is expected to expand at a CAGR
of 9.3% through 2034.
“Supportive regulatory frameworks and policies promoting the use of bio-based
products, renewable resources, and sustainable manufacturing practices can
stimulate market demand for cashew nutshell liquid derivatives. Alignment with
regulatory requirements enhances market acceptance and accelerates adoption
of cashew nutshell liquid-based solutions,” says Nikhil Kaitwade (Associate
Vice President at Future Market Insights, Inc.).
Competitive Landscape
Prominent players in the cashew nutshell liquid market are

Adarsh Industrial Chemicals

Admark Polycoats Pvt. Ltd

Cardolite Corporation

Cashew Chem India

Cat Loi Cashew Oil Production & Export JSC

Equilex Chemicals B.V

Golden Cashew Products Pvt. Ltd

K2P Chemicals

LC Buffalo Co. Ltd.

Muskaan Group
Company Portfolio

Adarsh Industrial Chemicals is a renowned name in the chemical
industry, specializing in the extraction, processing, and distribution of
various industrial chemicals. One of its flagship products is cashew
nutshell liquid, derived from the cashew nut shell through advanced
extraction processes.

Admark Polycoats Pvt. Ltd. is a leading manufacturer and supplier of
specialty coatings, polymers, and chemical solutions for a wide range of
industries. Among its diversified product portfolio, Admark Polycoats
specializes in leveraging cashew nutshell liquid for innovative coating
solutions.
About Future Market Insights (FMI)
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profound insights into the driving factors that are boosting demand in the
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