South America is an emerging market it provides a great opportunity for global chemical manufacturers to expand and generate considerable demand in the future.Ĥ.1 Attractive Opportunities in CNSL MarketĤ.3 Asia-Pacific: CNSL Market Share, by Application and CountryĤ.4 CNSL Market: Developed vs. South America shows great potential for the growth of the CNSL market as countries such as Brazil are planning to increase CNSL exports to other countries.ĬNSL is widely used bio-based products that can enhance the product performance while meeting stringent environmental norms. The demand for CNSL in this region is projected to grow higher than in other regions, such as Asia Pacific, North America, and Europe. Recovery in the Brazilian economy has widened the growth prospects for the CNSL market. Brazil leads the production and consumption of the CNSL market in the region. The CNSL market in South America includes Brazil and Rest of South America. South America is the fastest-growing market for cashew nutshell liquid during the forecast period The proportion in which substitution is made impacts the mechanical and thermal properties of the resulting resin. Novolac and resol resins are synthesized with partial substitution with cardanol. Due to the presence of the phenolic groups in cardanol, it is used as a natural substitute for phenol in the PF resin. CNSL contains anacardic acid, cardanol, cardol, 2- methylcardol, and unidentified polymeric material. Phenol formaldehyde resins is one of the largest product type segment of the cashew nutshell liquid marketĬardanol is obtained from CNSL, a by-product of the cashew industry. CNSL-based products can also adhere to surfaces that are not prepared properly.
CNSL-modified hydrocarbons have improved intercoat adhesion and flexibility while maintaining fast curing time and anticorrosion properties.
These products provide excellent corrosion protection under extreme conditions while maintaining structural bond strength. Due to increasing environmental concern the stricter norms are being adopted, this is driving the CNSL market.Ĭoatings segment is projected to be the largest application of cashew nutshell liquid marketĬNSL-based coatings provide excellent corrosion protection and meet environmental norms for VOC content. The global cashew nutshell liquid (CNSL) market is estimated to be worth USD 393 million in 2022 and is projected to reach USD 564 million by 2027, at a CAGR of 7.5% between 20. Dublin, J(GLOBE NEWSWIRE) - The "Global Cashew Nutshell Liquid (CNSL) Market by Product (PF Resins, Epoxy Resins, Epoxy Curing Agents, Surfactants, Polyols), Application (Adhesive, Coating, Foam, Laminate, Personal Care), and Region (Asia Pacific, North America, Europe) - Forecast to 2027" report has been added to 's offering.
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