|
(Health-NewsWire.Net, March 01, 2023 ) According to a research report "Cashew Nutshell Liquid Market by product (PF Resins, Epoxy Resins, Epoxy Curing Agents, Surfactants, Polyols), application (Adhesive, Coating, Foam, Laminate, Personal Care), Region (Asia Pacific, North America, Europe) - Global Forecast to 2027" published by MarketsandMarkets, the CNSL market size is estimated to be USD 393 million in 2022 and is projected to reach USD 564 million by 2027, at a CAGR of 7.5% between 2022 and 2027. Increasing demand from the chemical and petrochemical industries, the rising demand for natural resources for various applications are significantly driving the market globally.
Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=22323905
Epoxy curing agents segment accounted for the largest share of the Cashew Nutshell Liquid Market in 2021.
Epoxy curing agents are required in different chemistries in a broad range of applications. Coating manufacturers use epoxy curing agents in several areas such as industrial, marine, protective coatings, transportation, and flooring applications. Adhesives manufacturers uses solutions for structural, building and construction, automotive and electronic systems. Low viscosity, solvent free epoxy curing agents are used in composite applications as well. The faster curing time of epoxy primers reduces downtime and increases productivity. CNSL-based epoxy curing agents provide great protection. Other CNSL-based epoxy curing agents provide excellent corrosion protection.
Coatings is projected to be the largest segment of cashew nutshell liquid market during the forecast period.
CNSL is cured and polymerized to provide resins that act as high-quality coating materials. These resins are utilized for anti-corrosive protective coatings. The most crucial application is in marine vessels and finishing boat coatings. These CNSL-based coatings are used in chemical factories to protect the machinery and equipment from corrosion and deterioration.
Don't miss out on business opportunities in Cashew Nutshell Liquid Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=22323905
Browse In-Depth TOC On "Cashew Nutshell Liquid Market”
99 - Market Data Tables
38 - Figures
135 - Pages
Europe is the largest cashew nutshell liquid market in the forecast period
The CNSL market in Europe is segmented into Germany, France, the UK, Italy, the Netherlands, and Rest of Europe. The chemical industry is a significant part of the region’s economy. The growth is driven by investments made in this region by global chemical companies. Though the steady European economic recovery is expected to drive the market, the adoption of several strict regulations against the use of petroleum-based products is likely to challenge the market growth in the region.
The key market players are cardolite company(U.S.A), pelmer international(U.S.A), senesel(Poland), sri devi group(India).
Get Sample Pages of This Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=22323905
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
MarketsandMarkets™
Mr. Aashish Mehra
1-888-600-6441
raviraj.tak@marketsandmarkets.com
Source: EmailWire.Com 
|
