カシューナッツ殻液市場 – 2030年までの世界予測

Cashew Nutshell Liquid Market - Global Forecast To 2030

カシューナッツ殻液市場 - 製品(PF樹脂、エポキシ樹脂、エポキシ硬化剤、界面活性剤、ポリオール、摩擦ライニング)、用途(接着剤、コーティング、フォームおよび断熱材、ラミネート、パーソナルケア、燃料)、地域(アジア太平洋、北米、欧州、中東およびアフリカ、南米) - 2030年までの世界予測
Cashew Nutshell Liquid Market by Product (PF Resins, Epoxy Resins, Epoxy Curing Agents, Surfactants, Polyols, Friction Linings), Application (Adhesive, Coating, Foam & Insulation, Laminate, Personal Care, Fuel), Region (Asia Pacific, North America, Europe, Middle East & Africa, South America) - Global Forecast to 2030

商品番号 : SMB-16081

出版社MarketsandMarkets
出版年月2025年8月
ページ数250
図表数343
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

本レポートでは、カシューナッツ殻液(CNSL)市場を製品タイプ、用途、地域別にセグメント化し、様々な地域における市場全体の推定価値(百万米ドル)を示しています。主要業界プレーヤーの詳細な分析を実施し、CNSL市場に関連する各社の事業概要、サービス、主要戦略に関する洞察を提供しています。

The CNSL market is expected to grow at a rate of 11.36% between 2025 and 2030, projected to be USD 876.5 million globally by 2030. It is gaining high demand in the following applications, i.e., adhesives, coatings, foams, insulation, surfactants, and laminates. Of these, coatings had the highest share of USD 130.0 million in 2024 and that of the adhesives was USD 113.0 million. Its eco-friendly, renewable character, high thermal and chemical stability, compatibility with numerous polymers and resins are the main qualities of CNSL-based coatings and adhesives which predetermine their demand in the market.

カシューナッツ殻液(CNSL)市場は2025年から2030年にかけて11.36%の成長率が見込まれ、2030年には世界全体で8億7,650万米ドルに達すると予測されています。接着剤、コーティング剤、フォーム、断熱材、界面活性剤、ラミネートなどの用途で高い需要が見込まれています。これらの用途のうち、コーティング剤は2024年に1億3,000万米ドルと最も高いシェアを占め、接着剤は1億1,300万米ドルに達しました。環境に優しく再生可能な特性、高い熱安定性と化学的安定性、そして様々なポリマーや樹脂との相溶性は、CNSLベースのコーティング剤と接着剤の主な特性であり、市場における需要を決定づけています。

カシューナッツ殻液市場 - 2030年までの世界予測 - chosareport.com
cashew-nutshell-liquid-market-Overview

The phenolic compounds present in CNSL enhance the outcomes of better bonding strength and durability, which makes it ideal in the automotive, construction, and electronics sectors. Besides, environmental issues and increased regulatory pressure of petroleum-based chemicals have started changing preferences among manufacturers to bio-based products like CNSL. The growth is also devoid of the fact that sustainable and cost-effective materials are gaining positive affinities in the industrial and consumer product formulations.

“Phenol formaldehyde resins and epoxy systems were leading product types in the CNSL market, 2024”

Phenol Formaldehyde (PF) resins have the largest share of CNSL market by product type valued at USD 76.3 million in 2024 and are closely followed by epoxy modifiers & resins and curing agents with a value of USD 76.2 million and USD 75.9 million, respectively. There are such product types which can take advantage of CNSL reactive phenolic structure, so that it could be used as a strong and flexible chemical intermediating in resin and plastic compounding.

The escalating need for high performance, heat-resistant and sustainable materials in the manufacturing industries starting with electronics to automotive industries then to construction industries is boosting the use of the CNSL-derived PF and epoxy systems. Specifically, CNSL-based curing agents are picking up popularity as they have the advantage of low toxicity and biodegradability, and thus, they can substitute the traditional amine-based systems offering a safer option. Also, polyols & NCO blocking agents and friction materials are experiencing high demand because they are important in brake linings, clutches, and polyurethane foams. With the growing interest of industries in the use of bio-based feedstocks as raw materials in making high-performance products, CNSL-based products come as perfect green alternatives to existing raw materials which meet the demands of sustainability that the world is gearing toward.

カシューナッツ殻液市場 - 2030年までの世界予測 - region
cashew-nutshell-liquid-market-Region

“Europe dominated the global CNSL market in 2024, driven by sustainable regulations and industrial innovation”

The European market is the most significant regional CNSL market. This is principally because of its strict policies on environment, the already developed manufacturing facilities and its active pursuit of bio-based chemicals. Consistency has been witnessed in the demand for the region in applications, such as coatings, adhesives, epoxy systems, and friction materials, especially in automotive, construction, and electronic industries. Green Deal and circular economy indicators in the EU with reliance on petroleum-based raw materials have been replaced by renewable sources such as CNSL.

In Germany, France, and the Netherlands, manufacturers are also taking advantage of the renewability of the phenolic content in CNSL to compile resins, coatings, and insulation materials that are free of formaldehyde and low in volatile organic compounds (VOCs), as well as environmentally harmless. In addition to this, the use of CNSL in automotive friction materials (such as brake pads, clutch plates) also suits well the trend of automotive innovations in Europe and its policy toward carbon emission reductions.

In-depth interviews have been conducted with chief executive officers (CEOs), Directors, and other executives from various key organizations operating in the CNSL marketplace.

  • By Company Type: Tier 1 – 55%, Tier 2 – 25%, and Tier 3 – 20%
  • By Designation: Directors – 50%, Managers – 30%, and Others – 20%
  • By Region: North America – 40%, Europe – 35%, Asia Pacific – 20%, Rest of the World – 5%

The key players profiled in the report include Cardolite Corporation (US), GHW (Vietnam) Co. Ltd., Palmer International (US), LC Buffalo Co.Ltd. (Vietnam), Cat Loi Cashew Oil Production & Export Joint Stock Company (Vietnam), Senese (Poland), Zhejiang Wansheng Co., Ltd. (China), Cashew Chem India (India), Sri Devi Group (India), and ADMARK Polycoats Pvt. Ltd.  (India).

カシューナッツ殻液市場 - 2030年までの世界予測 - ecosystem
cashew-nutshell-liquid-market-Ecosystem

Research Coverage

This report segments the market for CNSL based on product type, application, and region and provides estimations of value (USD Million) for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, services, and key strategies, associated with the market for CNSL.

Reasons to Buy this Report

This research report is focused on various levels of analyses — industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the CNSL market; high-growth regions; and market drivers, restraints, and opportunities.

The report provides insights into the following points:

  • Market Penetration: Comprehensive information on CNSL offered by top players in the global market.
  • Analysis of key drivers: (Increasing preference for bio-based alternatives, growing government initiatives supporting the cashew industry) restraints (Emissions and fume release during processing, lack of standardization and inconsistent quality) opportunities (CNSL biofuel blends for marine fuel) and challenges (availability of substitutes) influencing the growth of CNSL market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the CNSL market.
  • Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for CNSL across regions.
  • Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global CNSL market.
  • Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the CNSL market.

Table of Contents

1               INTRODUCTION              23

1.1           STUDY OBJECTIVES       23

1.2           MARKET DEFINITION   24

1.3           STUDY SCOPE   24

1.3.1        MARKETS COVERED AND REGIONAL SCOPE      24

1.3.2        INCLUSIONS AND EXCLUSIONS 25

1.3.3        MARKET DEFINITION AND INCLUSIONS, BY PRODUCT TYPE     25

1.3.4        MARKET DEFINITION AND INCLUSIONS, BY APPLICATION   26

1.3.5        YEARS CONSIDERED      27

1.3.6        CURRENCY CONSIDERED            27

1.3.7        UNITS CONSIDERED      27

1.4           STAKEHOLDERS               27

1.5           SUMMARY OF CHANGES               28

2               RESEARCH METHODOLOGY       29

2.1           RESEARCH DATA              29

2.1.1        SECONDARY DATA          30

2.1.2        PRIMARY DATA 30

2.1.2.1    Key primary participants     30

2.1.2.2    Key industry insights           31

2.1.2.3    Breakdown of interviews with experts               31

2.2           MARKET SIZE ESTIMATION         32

2.2.1        BOTTOM-UP APPROACH              32

2.2.2        TOP-DOWN APPROACH                34

2.3           DATA TRIANGULATION                34

2.4           GROWTH FORECAST      35

2.4.1        SUPPLY-SIDE ANALYSIS                 36

2.4.2        DEMAND-SIDE ANALYSIS             36

2.5           ASSUMPTIONS  37

2.6           LIMITATIONS    38

2.7           RISK ASSESSMENT           38

3               EXECUTIVE SUMMARY  39

4               PREMIUM INSIGHTS       42

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN CNSL MARKET               42

4.2           CNSL MARKET, BY REGION         42

4.3           ASIA PACIFIC: CNSL MARKET, BY APPLICATION AND COUNTRY            43

4.4           CNSL MARKET, BY APPLICATION AND REGION 43

4.5           CNSL MARKET, BY KEY COUNTRIES        44

5               MARKET OVERVIEW       45

5.1           INTRODUCTION              45

5.2           MARKET DYNAMICS       45

5.2.1        DRIVERS               46

5.2.1.1    Increasing preference for bio-based alternatives             46

5.2.1.2    Growing government initiatives supporting cashew industry                 46

5.2.1.3    Rising demand from coatings and adhesives industries 46

5.2.2        RESTRAINTS      46

5.2.2.1    Emissions and fume release during processing                46

5.2.2.2    Lack of standardization and inconsistent quality             47

5.2.3        OPPORTUNITIES              47

5.2.3.1    CNSL biofuel blends for marine fuel 47

5.2.3.2    R&D in CNSL applications accelerating commercial adoption                 47

5.2.4        CHALLENGES    47

5.2.4.1    Availability of substitutes    47

5.3           PORTER’S FIVE FORCES ANALYSIS           48

5.3.1        INTENSITY OF COMPETITIVE RIVALRY 49

5.3.2        BARGAINING POWER OF BUYERS             49

5.3.3        BARGAINING POWER OF SUPPLIERS       49

5.3.4        THREAT OF SUBSTITUTES          49

5.3.5        THREAT OF NEW ENTRANTS      49

5.4           KEY STAKEHOLDERS AND BUYING CRITERIA     50

5.4.1        BUYING CRITERIA           51

5.5           MACROECONOMIC INDICATORS              51

5.5.1        GDP TRENDS AND FORECAST FOR MAJOR ECONOMIES, 2021–2030              51

6               INDUSTRY TRENDS         53

6.1           SUPPLY CHAIN ANALYSIS             53

6.1.1        RAW MATERIAL SUPPLIERS         53

6.1.2        MANUFACTURERS           54

6.1.3        DISTRIBUTION NETWORKS        54

6.1.4        END-USE INDUSTRIES   54

6.2           PRICING ANALYSIS          55

6.2.1        AVERAGE SELLING PRICE OF CNSL OFFERED BY KEY PLAYERS,

BY APPLICATION, 2024  55

6.2.2        AVERAGE SELLING PRICE TREND OF CNSL, BY REGION, 2022–2030              55

6.3           TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            57

6.4           ECOSYSTEM ANALYSIS  57

6.5           TECHNOLOGY ANALYSIS             59

6.5.1        KEY TECHNOLOGIES     59

6.5.1.1    Cardanol-derived epoxy compounds and modifiers        59

6.5.1.2    CNSL-based polyols for polyurethane systems                59

6.5.1.3    Integrated extraction, refinement, and blending technology for

CNSL-based marine fuels   60

6.5.2        COMPLEMENTARY TECHNOLOGIES       60

6.5.2.1    Bio-based epoxy resins from glycerol and sugar derivatives                 60

6.5.2.2    Advanced extraction and catalytic processing 60

6.6           CASE STUDY ANALYSIS 61

6.6.1        CNSL BIOFUEL’S ROLE IN DECARBONIZING MARINE TRANSPORT       61

6.6.2        REPLACING VOC-HEAVY EPOXIES WITH CNSL-BASED PHENALKAMINES            61

6.7           TRADE ANALYSIS             62

6.7.1        IMPORT SCENARIO (HS CODE 1302)        62

6.7.2        EXPORT SCENARIO (HS CODE 1302)        63

6.8           REGULATORY LANDSCAPE         64

6.8.1        GLOBAL: REGULATORY BODIES, GOVERNMENT AGENCIES, AND

OTHER ORGANIZATIONS             67

6.8.2        REGULATORY FRAMEWORK       68

6.8.2.1    REACH Regulation (European Union)             68

6.8.2.2    Circular Economy Action Plan (European Union)         68

6.8.2.3    Clean Air Act (US)               68

6.8.2.4    TSCA (Toxic Substances Control Act) (US)   68

6.8.2.5    ISO 9001 and ISO 14001 Standards (Global) 68

6.9           KEY CONFERENCES AND EVENTS, 2025–2026        69

6.10         INVESTMENT AND FUNDING SCENARIO               69

6.11         PATENT ANALYSIS          70

6.11.1      APPROACH         70

6.11.2      DOCUMENT TYPES         70

6.11.3      TOP APPLICANTS            72

6.11.4      JURISDICTION ANALYSIS              73

6.12         IMPACT OF 2025 US TARIFF – OVERVIEW              74

6.12.1      INTRODUCTION              74

6.12.2      KEY TARIFF RATES          75

6.12.3      PRICE IMPACT ANALYSIS             75

6.12.4      IMPACT ON COUNTRY/REGION                76

6.12.4.1  US           76

6.12.4.2  Europe   76

6.12.4.3  Asia Pacific            77

6.12.5      IMPACT ON APPLICATION SECTORS      78

6.13         IMPACT OF AI/GEN AI ON CNSL MARKET             79

7               CASHEW NUTSHELL LIQUID MARKET, BY APPLICATION                 81

7.1           INTRODUCTION              82

7.2           ADHESIVES         84

7.2.1        WATER, CHEMICAL, THERMAL, SHOCK RESISTANCE, AND EXCELLENT MECHANICAL PROPERTIES TO BOOST GROWTH             84

7.3           COATINGS          86

7.3.1        HIGH DEMAND FOR ANTI-CORROSIVE PROTECTIVE COATINGS

TO DRIVE MARKET         86

7.4           FOAMS & INSULATION  87

7.4.1        EXCELLENT PROCESSING, DIMENSIONAL STABILITY, AND UNIFORM STRUCTURE TO FUEL GROWTH                87

7.5           LAMINATES        89

7.5.1        SUPERIOR MOISTURE RESISTANCE AND HIGHER FLEXIBILITY

TO PROPEL MARKET      89

7.6           FRICTION LININGS         90

7.6.1        NEED TO INCREASE FRICTION, REDUCE ROTOR WEAR, AND CONTROL

NOISE TO BOOST MARKET          90

7.7           PERSONAL CARE              92

7.7.1        INCREASING DISPOSABLE INCOME TO DRIVE DEMAND                 92

7.8           FUELS   93

7.8.1        ENHANCED FUEL STABILITY, REDUCED ENGINE WEAR, AND IMPROVED COMBUSTION EFFICIENCY TO BOOST GROWTH             93

7.9           OTHER APPLICATIONS 95

8               CASHEW NUTSHELL LIQUID MARKET, BY PRODUCT TYPE     97

8.1           INTRODUCTION              98

8.2           PHENOL FORMALDEHYDE (PF) RESINS 100

8.2.1        GROWING CONSUMER AND INDUSTRY PREFERENCE FOR GREEN CHEMISTRY AND REDUCED ENVIRONMENTAL IMPACT TO FUEL ADOPTION    100

8.3           EPOXY MODIFIERS & RESINS      102

8.3.1        EXCELLENT WATER RESISTANCE AND HIGHER FLEXIBILITY TO SUPPORT MARKET GROWTH   102

8.4           EPOXY CURING AGENTS               103

8.4.1        DEMAND FOR INDUSTRIAL, MARINE, PROTECTIVE COATINGS, TRANSPORTATION, AND FLOORING APPLICATIONS TO DRIVE MARKET         103

8.5           SURFACTANTS  105

8.5.1        GROWING DEMAND IN PERSONAL CARE FOR SAFETY TO BOOST

MARKET GROWTH          105

8.6           POLYOLS & NCO BLOCKING AGENTS     107

8.6.1        IMPROVED PERFORMANCE AND DESIRED PROPERTIES OF END-USE PRODUCTS TO FUEL GROWTH       107

8.7           FRICTION MATERIALS   108

8.7.1        INCREASING DEMAND IN AUTOMOTIVE INDUSTRY TO BOOST MARKET               108

8.8           OTHER PRODUCT TYPES             110

9               CASHEW NUTSHELL LIQUID (CNSL) MARKET, BY EXTRACTION PROCESS 112

9.1           INTRODUCTION              112

9.1.1        MECHANICAL EXTRACTION PROCESS   112

9.1.2        SOLVENT EXTRACTION PROCESS            112

9.1.3        CHEMICAL EXTRACTION PROCESS          113

10            CASHEW NUTSHELL LIQUID (CNSL) MARKET, BY GRADE 114

10.1         INTRODUCTION              114

10.1.1      KEY CHARACTERISTICS                 114

10.1.1.1  Raw CNSL             114

10.1.1.2  Degummed CNSL                115

10.1.1.3  Refined CNSL       115

10.1.1.4  Distilled CNSL     115

11            CASHEW NUTSHELL LIQUID (CNSL) MARKET, BY REGION                116

11.1         INTRODUCTION              117

11.2         ASIA PACIFIC     119

11.2.1      CHINA  125

11.2.1.1  Growing demand for processed and semi-processed CNSL products to drive market     125

11.2.2      INDIA    127

11.2.2.1  Rising middle-class population, rapid urbanization, and continuous influx of multinational companies to boost market     127

11.2.3      JAPAN   129

11.2.3.1  Demand from automobile industry to fuel market          129

11.2.4      SOUTH KOREA  131

11.2.4.1  Increasing demand for bio-based products from electronic

and automotive industries to support growth  131

11.2.5      INDONESIA        133

11.2.5.1  Rapid industrialization and rising consumer spending to

propel market        133

11.2.6      VIETNAM             135

11.2.6.1  Significant global exports to propel growth      135

11.3         NORTH AMERICA             137

11.3.1      US           143

11.3.1.1  Rising environmental concerns and regulations to meet

zero-emission norms to boost growth                143

11.3.2      MEXICO                145

11.3.2.1  Rising demand for coatings and adhesives to influence

market growth       145

11.3.3      CANADA               147

11.3.3.1  Growing environmental concerns over petroleum-based products

to support market growth    147

11.4         EUROPE               149

11.4.1      GERMANY           155

11.4.1.1  Growing developments and investments in chemical industry and exports to drive growth        155

11.4.2      FRANCE                157

11.4.2.1  Increasing investments in renewable energy sector to boost market    157

11.4.3      UK          159

11.4.3.1  Stringent environmental standards to drive market growth                 159

11.4.4      ITALY    161

11.4.4.1  Growing automotive sector to drive market     161

11.4.5      NETHERLANDS 163

11.4.5.1  Demand in coatings, electrical and electronics, and construction

to boost market     163

11.5         SOUTH AMERICA             165

11.5.1      BRAZIL 169

11.5.1.1  Strong export activity and industrial growth to drive market                 169

11.6         MIDDLE EAST & AFRICA                172

11.6.1      GCC COUNTRIES              176

11.6.1.1  UAE        177

11.6.1.1.1                Infrastructural projects to provide growth opportunities                 177

11.6.1.2  Saudi Arabia          178

11.6.1.2.1                Rising demand from infrastructure, transportation, and manufacturing sectors to boost market             178

11.6.2      SOUTH AFRICA 180

11.6.2.1  Private sector investments to fuel market growth           180

12            COMPETITIVE LANDSCAPE         183

12.1         INTRODUCTION              183

12.2         KEY PLAYER STRATEGIES/RIGHT TO WIN            183

12.3         MARKET SHARE ANALYSIS, 2024                 184

12.4         REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2020–2024                 186

12.5         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 187

12.5.1      STARS   187

12.5.2      EMERGING LEADERS     187

12.5.3      PERVASIVE PLAYERS      187

12.5.4      PARTICIPANTS 187

12.5.5      COMPANY FOOTPRINT: KEY PLAYERS, 2024         189

12.5.5.1  Company footprint               189

12.5.5.2  Region footprint   190

12.5.5.3  Product type footprint         191

12.5.5.4  Application footprint            192

12.6         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024        193

12.6.1      PROGRESSIVE COMPANIES         193

12.6.2      RESPONSIVE COMPANIES            193

12.6.3      DYNAMIC COMPANIES  193

12.6.4      STARTING BLOCKS         193

12.6.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024                 194

12.6.5.1  Detailed list of key startups/SMES   194

12.6.5.2  Competitive benchmarking of key startups/SMEs          195

12.7         BRAND/PRODUCT COMPARISON ANALYSIS        195

12.8         COMPANY VALUATION AND FINANCIAL METRICS                 196

12.9         COMPETITIVE SCENARIO             197

12.9.1      DEALS  197

12.9.2      EXPANSIONS     198

13            COMPANY PROFILES      199

13.1         KEY PLAYERS     199

13.1.1      CARDOLITE CORPORATION       199

13.1.1.1  Business overview 199

13.1.1.2  Products/Solutions/Services offered 199

13.1.1.3  MnM view              200

13.1.1.3.1                Right to win           200

13.1.1.3.2                Strategic choices   200

13.1.1.3.3                Weaknesses and competitive threats 200

13.1.2      GHW (VIETNAM) CO., LTD           201

13.1.2.1  Business overview 201

13.1.2.2  Products/Solutions/Services offered 202

13.1.2.3  MnM view              203

13.1.2.3.1                Right to win           203

13.1.2.3.2                Strategic choices   203

13.1.2.3.3                Weaknesses and competitive threats 203

13.1.3      PALMER INTERNATIONAL           204

13.1.3.1  Business overview 204

13.1.3.2  Products/Solutions/Services offered 204

13.1.3.3  Recent developments           205

13.1.3.3.1                Deals      205

13.1.3.3.2                Expansions             206

13.1.3.4  MnM view              206

13.1.3.4.1                Right to win           206

13.1.3.4.2                Strategic choices   206

13.1.3.4.3                Weaknesses and competitive threats 207

13.1.4      LC BUFFALO CO. LTD.   208

13.1.4.1  Products/Solutions/Services offered 208

13.1.4.2  MnM view              209

13.1.4.2.1                Right to win           209

13.1.4.2.2                Strategic choices   209

13.1.4.2.3                Weaknesses and competitive threats 209

13.1.5      CAT LOI CASHEW OIL PRODUCTION & EXPORT JOINT STOCK

COMPANY (CAT LOI)     210

13.1.5.1  Business overview 210

13.1.5.2  Products/Solutions/Services offered 210

13.1.5.3  MnM view              211

13.1.5.3.1                Right to win           211

13.1.5.3.2                Strategic choices   211

13.1.5.3.3                Weaknesses and competitive threats 211

13.1.6      ZHEJIANG WANSHENG CO., LTD.              212

13.1.6.1  Business overview 212

13.1.6.2  Products/Solutions/Services offered 212

13.1.7      CASHEW CHEM INDIA   213

13.1.7.1  Business overview 213

13.1.7.2  Products/Solutions/Services offered 213

13.1.8      SRI DEVI GROUP               215

13.1.8.1  Business overview 215

13.1.8.2  Products/Solutions/Services offered 216

13.1.9      ADMARK POLYCOATS PVT. LTD.              217

13.1.9.1  Business overview 217

13.1.9.2  Products/Solutions/Services offered 218

13.1.10   GOLDEN CASHEW PRODUCTS PVT. LTD.              219

13.1.10.1                 Business overview 219

13.1.10.2                 Products/Solutions/Services offered 220

13.2         OTHER PLAYERS              222

13.2.1      PALADIN PAINTS & CHEMICALS PVT. LTD           222

13.2.2      SATYA CASHEW CHEMICALS PRIVATE LIMITED                 223

13.2.3      K2P CHEMICALS               224

13.2.4      ZANTYE AGRO INDUSTRIES        225

13.2.5      SON CHAU CO.,LTD        225

13.2.6      SHIVAM CASHEW INDUSTRY      226

13.2.7      HUNG LOC PHAT CASHEW OIL CO. LTD.              226

13.2.8      KUMARASAMY INDUSTRIES        227

13.2.9      MIRAE GREEN CHEMICAL CO., LTD.        227

13.2.10   VIKO BIOFUEL COMPANY LIMITED         228

13.2.11   THINH DAI CHEMICAL  229

13.2.12   PT COMEXTRA MAJORA                230

13.2.13   CUONG THINH CASHEW OIL PRODUCTION COMPANY LIMITED              230

13.2.14   CNSL INDUSTRIAL CO., LTD.      231

13.2.15   TAN LOC CASHEW OIL PRODUCTION COMPANY LIMITED              231

14            ADJACENT & RELATED MARKETS             232

14.1         INTRODUCTION              232

14.2         LIMITATIONS    232

14.3         COATING RESINS MARKET          232

14.3.1      MARKET DEFINITION   232

14.3.2      MARKET OVERVIEW       232

14.4         COATING RESINS MARKET, BY REGION 233

14.4.1      ASIA PACIFIC     234

14.4.2      NORTH AMERICA             236

14.4.3      EUROPE               237

14.4.4      MIDDLE EAST & AFRICA                239

14.4.5      SOUTH AMERICA             241

15            APPENDIX           243

15.1         DISCUSSION GUIDE        243

15.2         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                246

15.3         CUSTOMIZATION OPTIONS        248

15.4         RELATED REPORTS         248

15.5         AUTHOR DETAILS           249

LIST OF TABLES

TABLE 1                CNSL MARKET: RISK ASSESSMENT           38

TABLE 2                ANALYSIS OF IMPACT OF PORTER’S FIVE FORCES ON CNSL MARKET          48

TABLE 3                INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP

THREE APPLICATIONS (%)          50

TABLE 4                KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 51

TABLE 5                GDP TRENDS AND FORECAST OF MAJOR ECONOMIES, 2021–2030 (USD BILLION) 52

TABLE 6                AVERAGE SELLING PRICE OF CNSL OFFERED BY KEY PLAYERS,

BY APPLICATION, 2024 (USD/KG)             55

TABLE 7                AVERAGE SELLING PRICE TREND OF CNSL, BY REGION, 2022–2030 (USD/KG)     56

TABLE 8                ROLES OF COMPANIES IN CNSL ECOSYSTEM                 58

TABLE 9                IMPORT DATA FOR HS CODE 1302-COMPLIANT PRODUCTS, BY REGION,

2020–2024 (USD MILLION)            63

TABLE 10              EXPORT DATA FOR HS CODE 1302-COMPLIANT PRODUCTS, BY REGION,

2020–2024 (USD MILLION)            64

TABLE 11              NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  64

TABLE 12              EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS           65

TABLE 13              ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  65

TABLE 14              MIDDLE EAST & AFRICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  66

TABLE 15              SOUTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  66

TABLE 16              CNSL MARKET: DETAILED LIST OF CONFERENCES AND EVENTS, 2025–2026                 69

TABLE 17              CNSL MARKET: FUNDING/INVESTMENT SCENARIO, 2020–2025      70

TABLE 18              PATENT STATUS: PATENT APPLICATIONS, GRANTED PATENTS,

AND OTHER PATENTS, 2014–2024              70

TABLE 19              LIST OF MAJOR PATENTS RELATED TO CNSL, 2014–2024              72

TABLE 20              US-ADJUSTED RECIPROCAL TARIFF RATES                 75

TABLE 21              CNSL MARKET, BY APPLICATION, 2020–2024 (KILOTON)         82

TABLE 22              CNSL MARKET, BY APPLICATION, 2025–2030 (KILOTON)         83

TABLE 23              CNSL MARKET, BY APPLICATION, 2020–2024 (USD MILLION) 83

TABLE 24              CNSL MARKET, BY APPLICATION, 2025–2030 (USD MILLION) 84

TABLE 25              ADHESIVES: CNSL MARKET, BY REGION, 2020–2024 (KILOTON)                84

TABLE 26              ADHESIVES: CNSL MARKET, BY REGION, 2025–2030 (KILOTON)                85

TABLE 27              ADHESIVES: CNSL MARKET, BY REGION, 2020–2024 (USD MILLION)       85

TABLE 28              ADHESIVES: CNSL MARKET, BY REGION, 2025–2030 (USD MILLION)       85

TABLE 29              COATINGS: CNSL MARKET, BY REGION, 2020–2024 (KILOTON)                86

TABLE 30              COATINGS: CNSL MARKET, BY REGION, 2025–2030 (KILOTON)                86

TABLE 31              COATINGS: CNSL MARKET, BY REGION, 2020–2024 (USD MILLION)       87

TABLE 32              COATINGS: CNSL MARKET, BY REGION, 2025–2030 (USD MILLION)       87

TABLE 33              FOAMS & INSULATION: CNSL MARKET, BY REGION, 2020–2024 (KILOTON)  88

TABLE 34              FOAMS & INSULATION: CNSL MARKET, BY REGION, 2025–2030 (KILOTON)  88

TABLE 35              FOAMS & INSULATION: CNSL MARKET, BY REGION, 2020–2024 (USD MILLION)          88

TABLE 36              FOAMS & INSULATION: CNSL MARKET, BY REGION, 2025–2030 (USD MILLION)          89

TABLE 37              LAMINATES: CNSL MARKET, BY REGION, 2020–2024 (KILOTON)                89

TABLE 38              LAMINATES: CNSL MARKET, BY REGION, 2025–2030 (KILOTON)                89

TABLE 39              LAMINATES: CNSL MARKET, BY REGION, 2020–2024 (USD MILLION)       90

TABLE 40              LAMINATES: CNSL MARKET, BY REGION, 2025–2030 (USD MILLION)       90

TABLE 41              FRICTION LININGS: CNSL MARKET, BY REGION, 2020–2024 (KILOTON)     91

TABLE 42              FRICTION LININGS: CNSL MARKET, BY REGION, 2025–2030 (KILOTON)     91

TABLE 43              FRICTION LININGS: CNSL MARKET, BY REGION, 2020–2024 (USD MILLION)            91

TABLE 44              FRICTION LININGS: CNSL MARKET, BY REGION, 2025–2030 (USD MILLION)            92

TABLE 45              PERSONAL CARE: CNSL MARKET, BY REGION, 2020–2024 (KILOTON)     92

TABLE 46              PERSONAL CARE: CNSL MARKET, BY REGION, 2025–2030 (KILOTON)     92

TABLE 47              PERSONAL CARE: CNSL MARKET, BY REGION, 2020–2024 (USD MILLION)            93

TABLE 48              PERSONAL CARE: CNSL MARKET, BY REGION, 2025–2030 (USD MILLION)            93

TABLE 49              FUELS: CNSL MARKET, BY REGION, 2020–2024 (KILOTON)         94

TABLE 50              FUELS: CNSL MARKET, BY REGION, 2025–2030 (KILOTON)         94

TABLE 51              FUELS: CNSL MARKET, BY REGION, 2020–2024 (USD MILLION) 94

TABLE 52              FUELS: CNSL MARKET, BY REGION, 2025–2030 (USD MILLION) 95

TABLE 53              OTHER APPLICATIONS: CNSL MARKET, BY REGION, 2020–2024 (KILOTON)  95

TABLE 54              OTHER APPLICATIONS: CNSL MARKET, BY REGION, 2025–2030 (KILOTON)  95

TABLE 55              OTHER APPLICATIONS: CNSL MARKET, BY REGION, 2020–2024 (USD MILLION)          96

TABLE 56              OTHER APPLICATIONS: CNSL MARKET, BY REGION, 2025–2030 (USD MILLION)          96

TABLE 57              CNSL MARKET, BY PRODUCT TYPE, 2020–2024 (KILOTON)         98

TABLE 58              CNSL MARKET, BY PRODUCT TYPE, 2025–2030 (KILOTON)         99

TABLE 59              CNSL MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION) 99

TABLE 60              CNSL MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION) 100

TABLE 61              PHENOL FORMALDEHYDE (PF) RESINS: CNSL MARKET, BY REGION,

2020–2024 (KILOTON)     100

TABLE 62              PHENOL FORMALDEHYDE (PF) RESINS: CNSL MARKET, BY REGION,

2025–2030 (KILOTON)     101

TABLE 63              PHENOL FORMALDEHYDE (PF) RESINS: CNSL MARKET, BY REGION,

2020–2024, MARKET, BY REGION (USD MILLION)                101

TABLE 64              PHENOL FORMALDEHYDE (PF) RESINS: CNSL MARKET, BY REGION,

2025–2030 (USD MILLION)            101

TABLE 65              EPOXY MODIFIERS & RESINS: CNSL MARKET, BY REGION, 2020–2024 (KILOTON)  102

TABLE 66              EPOXY MODIFIERS & RESINS: CNSL MARKET, BY REGION, 2025–2030 (KILOTON)  102

TABLE 67              EPOXY MODIFIERS & RESINS: CNSL MARKET, BY REGION,

2020–2024 (USD MILLION)            103

TABLE 68              EPOXY MODIFIERS & RESINS: CNSL MARKET, BY REGION,

2025–2030 (USD MILLION)            103

TABLE 69              EPOXY CURING AGENTS: CNSL MARKET, BY REGION, 2020–2024 (KILOTON)  104

TABLE 70              EPOXY CURING AGENTS: CNSL MARKET, BY REGION, 2025–2030 (KILOTON)  104

TABLE 71              EPOXY CURING AGENTS: CNSL MARKET, BY REGION, 2020–2024 (USD MILLION)          104

TABLE 72              EPOXY CURING AGENTS: CNSL MARKET, BY REGION, 2025–2030 (USD MILLION)          105

TABLE 73              SURFACTANTS: CNSL MARKET, BY REGION, 2020–2024 (KILOTON)     105

TABLE 74              SURFACTANTS: CNSL MARKET, BY REGION, 2025–2030 (KILOTON)     106

TABLE 75              SURFACTANTS: CNSL MARKET, BY REGION, 2020–2024 (USD MILLION)            106

TABLE 76              SURFACTANTS: CNSL MARKET, BY REGION, 2025–2030 (USD MILLION)            106

TABLE 77              POLYOLS & NCO BLOCKING AGENTS: CNSL MARKET, BY REGION,

2020–2024 (KILOTON)     107

TABLE 78              POLYOLS & NCO BLOCKING AGENTS: CNSL MARKET, BY REGION,

2025–2030 (KILOTON)     107

TABLE 79              POLYOLS & NCO BLOCKING AGENTS: CNSL MARKET, BY REGION,

2020–2024 (USD MILLION)            108

TABLE 80              POLYOLS & NCO BLOCKING AGENTS: CNSL MARKET, BY REGION,

2025–2030 (USD MILLION)            108

TABLE 81              FRICTION MATERIALS: CNSL MARKET, BY REGION, 2020–2024 (KILOTON)  108

TABLE 82              FRICTION MATERIALS: CNSL MARKET, BY REGION, 2025–2030 (KILOTON)  109

TABLE 83              FRICTION MATERIALS: CNSL MARKET, BY REGION, 2020–2024 (USD MILLION)          109

TABLE 84              FRICTION MATERIALS: CNSL MARKET, BY REGION, 2025–2030 (USD MILLION)          109

TABLE 85              OTHER PRODUCT TYPES: CNSL MARKET, BY REGION, 2020–2024 (KILOTON)  110

TABLE 86              OTHER PRODUCT TYPES: CNSL MARKET, BY REGION, 2025–2030 (KILOTON)  110

TABLE 87              OTHER PRODUCT TYPES: CNSL MARKET, BY REGION, 2020–2024 (USD MILLION)          111

TABLE 88              OTHER PRODUCT TYPES: CNSL MARKET, BY REGION, 2025–2030 (USD MILLION)          111

TABLE 89              KEY CHARACTERISTICS OF DIFFERENT GRADES WITH PRIMARY APPLICATIONS 114

TABLE 90              CNSL MARKET, BY REGION, 2020–2024 (KILOTON)         117

TABLE 91              CNSL MARKET, BY REGION, 2025–2030 (KILOTON)         118

TABLE 92              CNSL MARKET, BY REGION, 2020–2024 (USD MILLION)            118

TABLE 93              CNSL MARKET, BY REGION, 2025–2030 (USD MILLION)            118

TABLE 94              ASIA PACIFIC: CNSL MARKET, BY APPLICATION, 2020–2024 (KILOTON)     120

TABLE 95              ASIA PACIFIC: CNSL MARKET, BY APPLICATION, 2025–2030 (KILOTON)     120

TABLE 96              ASIA PACIFIC: CNSL MARKET, BY APPLICATION, 2020–2024 (USD MILLION)            121

TABLE 97              ASIA PACIFIC: CNSL MARKET, BY APPLICATION, 2025–2030 (USD MILLION)            121

TABLE 98              ASIA PACIFIC: CNSL MARKET, BY PRODUCT TYPE, 2020–2024 (KILOTON)        121

TABLE 99              ASIA PACIFIC: CNSL MARKET, BY PRODUCT TYPE, 2025–2030 (KILOTON)        122

TABLE 100            ASIA PACIFIC: CNSL MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)                122

TABLE 101            ASIA PACIFIC: CNSL MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)                123

TABLE 102            ASIA PACIFIC: CNSL MARKET, BY COUNTRY, 2020–2024 (KILOTON)     123

TABLE 103            ASIA PACIFIC: CNSL MARKET, BY COUNTRY, 2025–2030 (KILOTON)     123

TABLE 104            ASIA PACIFIC: CNSL MARKET, BY COUNTRY, 2020–2024 (USD MILLION)            124

TABLE 105            ASIA PACIFIC: CNSL MARKET, BY COUNTRY, 2025–2030 (USD MILLION)            124

TABLE 106            CHINA: CNSL MARKET, BY APPLICATION, 2020–2024 (KILOTON)                125

TABLE 107            CHINA: CNSL MARKET, BY APPLICATION, 2025–2030 (KILOTON)                125

TABLE 108            CHINA: CNSL MARKET, BY APPLICATION, 2020–2024 (USD MILLION)       126

TABLE 109            CHINA: CNSL MARKET, BY APPLICATION, 2025–2030 (USD MILLION)       126

TABLE 110            INDIA: CNSL MARKET, BY APPLICATION, 2020–2024 (KILOTON)                127

TABLE 111            INDIA: CNSL MARKET, BY APPLICATION, 2025–2030 (KILOTON)                128

TABLE 112            INDIA: CNSL MARKET, BY APPLICATION, 2020–2024 (USD MILLION)       128

TABLE 113            INDIA: CNSL MARKET, BY APPLICATION, 2025–2030 (USD MILLION)       129

TABLE 114            JAPAN: CNSL MARKET, BY APPLICATION, 2020–2024 (KILOTON)                130

TABLE 115            JAPAN: CNSL MARKET, BY APPLICATION, 2025–2030 (KILOTON)                130

TABLE 116            JAPAN: CNSL MARKET, BY APPLICATION, 2020–2024 (USD MILLION)       131

TABLE 117            JAPAN: CNSL MARKET, BY APPLICATION, 2025–2030 (USD MILLION)       131

TABLE 118            SOUTH KOREA: CNSL MARKET, BY APPLICATION, 2020–2024 (KILOTON)      132

TABLE 119            SOUTH KOREA: CNSL MARKET, BY APPLICATION, 2025–2030 (KILOTON)      132

TABLE 120            SOUTH KOREA: CNSL MARKET, BY APPLICATION, 2020–2024 (USD MILLION)              133

TABLE 121            SOUTH KOREA: CNSL MARKET, BY APPLICATION, 2025–2030 (USD MILLION)              133

TABLE 122            INDONESIA: CNSL MARKET, BY APPLICATION, 2020–2024 (KILOTON)     134

TABLE 123            INDONESIA: CNSL MARKET, BY APPLICATION, 2025–2030 (KILOTON)     134

TABLE 124            INDONESIA: CNSL MARKET, BY APPLICATION, 2020–2024 (USD MILLION)            135

TABLE 125            INDONESIA: CNSL MARKET, BY APPLICATION, 2025–2030 (USD MILLION)            135

TABLE 126            VIETNAM: CNSL MARKET, BY APPLICATION, 2020–2024 (KILOTON)     136

TABLE 127            VIETNAM: CNSL MARKET, BY APPLICATION, 2025–2030 (KILOTON)     136

TABLE 128            VIETNAM: CNSL MARKET, BY APPLICATION, 2020–2024 (USD MILLION)            137

TABLE 129            VIETNAM: CNSL MARKET, BY APPLICATION, 2025–2030 (USD MILLION)            137

TABLE 130            NORTH AMERICA: CNSL MARKET, BY APPLICATION, 2020–2024 (KILOTON)      138

TABLE 131            NORTH AMERICA: CNSL MARKET, BY APPLICATION, 2025–2030 (KILOTON)      139

TABLE 132            NORTH AMERICA: CNSL MARKET, BY APPLICATION, 2020–2024 (USD MILLION)              139

TABLE 133            NORTH AMERICA: CNSL MARKET, BY APPLICATION, 2025–2030 (USD MILLION)              140

TABLE 134            NORTH AMERICA: CNSL MARKET, BY PRODUCT TYPE, 2020–2024 (KILOTON)        140

TABLE 135            NORTH AMERICA: CNSL MARKET, BY PRODUCT TYPE, 2025–2030 (KILOTON)        140

TABLE 136            NORTH AMERICA: CNSL MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)                141

TABLE 137            NORTH AMERICA: CNSL MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)                141

TABLE 138            NORTH AMERICA: CNSL MARKET, BY COUNTRY, 2020–2024 (KILOTON)     141

TABLE 139            NORTH AMERICA: CNSL MARKET, BY COUNTRY, 2025–2030 (KILOTON)     142

TABLE 140            NORTH AMERICA: CNSL MARKET, BY COUNTRY, 2020–2024 (USD MILLION)            142

TABLE 141            NORTH AMERICA: CNSL MARKET, BY COUNTRY, 2025–2030 (USD MILLION)            142

TABLE 142            US: CNSL MARKET, BY APPLICATION, 2020–2024 (KILOTON)         143

TABLE 143            US: CNSL MARKET, BY APPLICATION, 2025–2030 (KILOTON)         143

TABLE 144            US: CNSL MARKET, BY APPLICATION, 2020–2024 (USD MILLION) 144

TABLE 145            US: CNSL MARKET, BY APPLICATION, 2025–2030 (USD MILLION) 144

TABLE 146            MEXICO: CNSL MARKET, BY APPLICATION, 2020–2024 (KILOTON)     145

TABLE 147            MEXICO: CNSL MARKET, BY APPLICATION, 2025–2030 (KILOTON)     146

TABLE 148            MEXICO: CNSL MARKET, BY APPLICATION, 2020–2024 (USD MILLION)            146

TABLE 149            MEXICO: CNSL MARKET, BY APPLICATION, 2025–2030 (USD MILLION)            147

TABLE 150            CANADA: CNSL MARKET, BY APPLICATION, 2020–2024 (KILOTON)     147

TABLE 151            CANADA: CNSL MARKET, BY APPLICATION, 2025–2030 (KILOTON)     148

TABLE 152            CANADA: CNSL MARKET, BY APPLICATION, 2020–2024 (USD MILLION)            148

TABLE 153            CANADA: CNSL MARKET, BY APPLICATION, 2025–2030 (USD MILLION)            149

TABLE 154            EUROPE: CNSL MARKET, BY APPLICATION, 2020–2024 (KILOTON)     150

TABLE 155            EUROPE: CNSL MARKET, BY APPLICATION, 2025–2030 (KILOTON)     151

TABLE 156            EUROPE: CNSL MARKET, BY APPLICATION, 2020–2024 (USD MILLION)            151

TABLE 157            EUROPE: CNSL MARKET, BY APPLICATION, 2025–2030 (USD MILLION)            152

TABLE 158            EUROPE: CNSL MARKET, BY PRODUCT TYPE, 2020–2024 (KILOTON)     152

TABLE 159            EUROPE: CNSL MARKET, BY PRODUCT TYPE, 2025–2030 (KILOTON)     152

TABLE 160            EUROPE: CNSL MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)            153

TABLE 161            EUROPE: CNSL MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)            153

TABLE 162            EUROPE: CNSL MARKET, BY COUNTRY, 2020–2024 (KILOTON)                154

TABLE 163            EUROPE: CNSL MARKET, BY COUNTRY, 2025–2030 (KILOTON)                154

TABLE 164            EUROPE: CNSL MARKET, BY COUNTRY, 2020–2024 (USD MILLION)       154

TABLE 165            EUROPE: CNSL MARKET, BY COUNTRY, 2025–2030 (USD MILLION)       155

TABLE 166            GERMANY: CNSL MARKET, BY APPLICATION, 2020–2024 (KILOTON)     155

TABLE 167            GERMANY: CNSL MARKET, BY APPLICATION, 2025–2030 (KILOTON)     156

TABLE 168            GERMANY: CNSL MARKET, BY APPLICATION, 2020–2024 (USD MILLION)            156

TABLE 169            GERMANY: CNSL MARKET, BY APPLICATION, 2025–2030 (USD MILLION)            157

TABLE 170            FRANCE: CNSL MARKET, BY APPLICATION, 2020–2024 (KILOTON)     157

TABLE 171            FRANCE: CNSL MARKET, BY APPLICATION, 2025–2030 (KILOTON)     158

TABLE 172            FRANCE: CNSL MARKET, BY APPLICATION, 2020–2024 (USD MILLION)            158

TABLE 173            FRANCE: CNSL MARKET, BY APPLICATION, 2025–2030 (USD MILLION)            159

TABLE 174            UK: CNSL MARKET, BY APPLICATION, 2020–2024 (KILOTON)         159

TABLE 175            UK: CNSL MARKET, BY APPLICATION, 2025–2030 (KILOTON)         160

TABLE 176            UK: CNSL MARKET, BY APPLICATION, 2020–2024 (USD MILLION) 160

TABLE 177            UK: CNSL MARKET, BY APPLICATION, 2025–2030 (USD MILLION) 161

TABLE 178            ITALY: CNSL MARKET, BY APPLICATION, 2020–2024 (KILOTON)                161

TABLE 179            ITALY: CNSL MARKET, BY APPLICATION, 2025–2030 (KILOTON)                162

TABLE 180            ITALY: CNSL MARKET, BY APPLICATION, 2020–2024 (USD MILLION)       162

TABLE 181            ITALY: CNSL MARKET, BY APPLICATION, 2025–2030 (USD MILLION)       163

TABLE 182            NETHERLANDS: CNSL MARKET, BY APPLICATION, 2020–2024 (KILOTON)      163

TABLE 183            NETHERLANDS: CNSL MARKET, BY APPLICATION, 2025–2030 (KILOTON)      164

TABLE 184            NETHERLANDS: CNSL MARKET, BY APPLICATION, 2020–2024 (USD MILLION)              164

TABLE 185            NETHERLANDS: CNSL MARKET, BY APPLICATION, 2025–2030 (USD MILLION)              165

TABLE 186            SOUTH AMERICA: CNSL MARKET, BY APPLICATION, 2020–2024 (KILOTON)      165

TABLE 187            SOUTH AMERICA: CNSL MARKET, BY APPLICATION, 2025–2030 (KILOTON)      166

TABLE 188            SOUTH AMERICA: CNSL MARKET, BY APPLICATION, 2020–2024 (USD MILLION)              166

TABLE 189            SOUTH AMERICA: CNSL MARKET, BY APPLICATION, 2025–2030 (USD MILLION)              167

TABLE 190            SOUTH AMERICA: CNSL MARKET, BY PRODUCT TYPE, 2020–2024 (KILOTON)        167

TABLE 191            SOUTH AMERICA: CNSL MARKET, BY PRODUCT TYPE, 2025–2030 (KILOTON)        167

TABLE 192            SOUTH AMERICA: CNSL MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)                168

TABLE 193            SOUTH AMERICA: CNSL MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)                168

TABLE 194            SOUTH AMERICA: CNSL MARKET, BY COUNTRY, 2020–2024 (KILOTON)     168

TABLE 195            SOUTH AMERICA: CNSL MARKET, BY COUNTRY, 2025–2030 (KILOTON)     169

TABLE 196            SOUTH AMERICA: CNSL MARKET, BY COUNTRY, 2020–2024 (USD MILLION)            169

TABLE 197            SOUTH AMERICA: CNSL MARKET, BY COUNTRY, 2025–2030 (USD MILLION)            169

TABLE 198            BRAZIL: CNSL MARKET, BY APPLICATION, 2020–2024 (KILOTON)                170

TABLE 199            BRAZIL: CNSL MARKET, BY APPLICATION, 2025–2030 (KILOTON)                170

TABLE 200            BRAZIL: CNSL MARKET, BY APPLICATION, 2020–2024 (USD MILLION)       171

TABLE 201            BRAZIL: CNSL MARKET, BY APPLICATION, 2025–2030 (USD MILLION)       171

TABLE 202            MIDDLE EAST & AFRICA: CNSL MARKET, BY APPLICATION, 2020–2024 (KILOTON)      172

TABLE 203            MIDDLE EAST & AFRICA: CNSL MARKET, BY APPLICATION, 2025–2030 (KILOTON)      172

TABLE 204            MIDDLE EAST & AFRICA: CNSL MARKET, BY APPLICATION,

2020–2024 (USD MILLION)            173

TABLE 205            MIDDLE EAST & AFRICA: CNSL MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            173

TABLE 206            MIDDLE EAST & AFRICA: CNSL MARKET, BY PRODUCT TYPE,

2020–2024 (KILOTON)     173

TABLE 207            MIDDLE EAST & AFRICA: CNSL MARKET, BY PRODUCT TYPE,

2025–2030 (KILOTON)     174

TABLE 208            MIDDLE EAST & AFRICA: CNSL MARKET, BY PRODUCT TYPE,

2020–2024 (USD MILLION)            174

TABLE 209            MIDDLE EAST & AFRICA: CNSL MARKET, BY PRODUCT TYPE,

2025–2030 (USD MILLION)            175

TABLE 210            MIDDLE EAST & AFRICA: CNSL MARKET, BY COUNTRY, 2020–2024 (KILOTON)              175

TABLE 211            MIDDLE EAST & AFRICA: CNSL MARKET, BY COUNTRY, 2025–2030 (KILOTON)              175

TABLE 212            MIDDLE EAST & AFRICA: CNSL MARKET, BY COUNTRY, 2020–2024 (USD MILLION)     176

TABLE 213            MIDDLE EAST & AFRICA: CNSL MARKET, BY COUNTRY, 2025–2030 (USD MILLION)     176

TABLE 214            UAE: CNSL MARKET, BY APPLICATION, 2020–2024 (KILOTON)                177

TABLE 215            UAE: CNSL MARKET, BY APPLICATION, 2025–2030 (KILOTON)                177

TABLE 216            UAE: CNSL MARKET, BY APPLICATION, 2020–2024 (USD MILLION)       178

TABLE 217            UAE: CNSL MARKET, BY APPLICATION, 2025–2030 (USD MILLION)       178

TABLE 218            SAUDI ARABIA: CNSL MARKET, BY APPLICATION, 2020–2024 (KILOTON)      179

TABLE 219            SAUDI ARABIA: CNSL MARKET, BY APPLICATION, 2025–2030 (KILOTON)      179

TABLE 220            SAUDI ARABIA: CNSL MARKET, BY APPLICATION, 2020–2024 (USD MILLION)              180

TABLE 221            SAUDI ARABIA: CNSL MARKET, BY APPLICATION, 2025–2030 (USD MILLION)              180

TABLE 222            SOUTH AFRICA: CNSL MARKET, BY APPLICATION, 2020–2024 (KILOTON)      181

TABLE 223            SOUTH AFRICA: CNSL MARKET, BY APPLICATION, 2025–2030 (KILOTON)      181

TABLE 224            SOUTH AFRICA: CNSL MARKET, BY APPLICATION, 2020–2024 (USD MILLION)              182

TABLE 225            SOUTH AFRICA: CNSL MARKET, BY APPLICATION, 2025–2030 (USD MILLION)              182

TABLE 226            STRATEGIES ADOPTED BY KEY CNSL MANUFACTURERS,

JANUARY 2022–JUNE 2025              183

TABLE 227            CNSL MARKET: DEGREE OF COMPETITION                 184

TABLE 228            CNSL MARKET: REGION FOOTPRINT      190

TABLE 229            CNSL MARKET: PRODUCT TYPE FOOTPRINT                 191

TABLE 230            CNSL MARKET: APPLICATION FOOTPRINT                 192

TABLE 231            CNSL MARKET: KEY STARTUPS/SMES     194

TABLE 232            CNSL MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES              195

TABLE 233            CNSL MARKET: DEALS, JANUARY 2022–JUNE 2025                 197

TABLE 234            CNSL MARKET: EXPANSIONS, JANUARY 2022–JUNE 2025             198

TABLE 235            CARDOLITE CORPORATION: COMPANY OVERVIEW          199

TABLE 236            CARDOLITE CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    199

TABLE 237            GHW (VIETNAM) CO., LTD: COMPANY OVERVIEW          201

TABLE 238            GHW (VIETNAM) CO., LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED    202

TABLE 239            PALMER INTERNATIONAL: COMPANY OVERVIEW          204

TABLE 240            PALMER INTERNATIONAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED    204

TABLE 241            PALMER INTERNATIONAL: DEALS, JANUARY 2022–JUNE 2025  205

TABLE 242            PALMER INTERNATIONAL: EXPANSIONS, JANUARY 2022–JUNE 2025              206

TABLE 243            LC BUFFALO CO. LTD.: COMPANY OVERVIEW                 208

TABLE 244            LC BUFFALO CO. LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    208

TABLE 245            CAT LOI CASHEW OIL PRODUCTION & EXPORT JOINT STOCK COMPANY:

COMPANY OVERVIEW   210

TABLE 246            CAT LOI CASHEW OIL PRODUCTION & EXPORT JOINT STOCK COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED             210

TABLE 247            ZHEJIANG WANSHENG: COMPANY OVERVIEW                 212

TABLE 248            ZHEJIANG WANSHENG: PRODUCTS/SOLUTIONS/SERVICES OFFERED    212

TABLE 249            CASHEW CHEM INDIA: COMPANY OVERVIEW                 213

TABLE 250            CASHEW CHEM INDIA: PRODUCTS/SOLUTIONS/SERVICES OFFERED    213

TABLE 251            SRI DEVI GROUP: COMPANY OVERVIEW                 215

TABLE 252            SRI DEVI GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED    216

TABLE 253            ADMARK POLYCOATS PVT. LTD.: COMPANY OVERVIEW          217

TABLE 254            ADMARK POLYCOATS PVT. LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED    218

TABLE 255            GOLDEN CASHEW PRODUCTS PVT. LTD.: COMPANY OVERVIEW   219

TABLE 256            GOLDEN CASHEW PRODUCTS PVT. LTD.: PRODUCTS/SOLUTIONS/

SERVICES OFFERED        220

TABLE 257            PALADIN PAINTS & CHEMICALS PVT. LTD.: COMPANY OVERVIEW   222

TABLE 258            SATYA CASHEW CHEMICALS PRIVATE LIMITED: COMPANY OVERVIEW   223

TABLE 259            K2P CHEMICALS: COMPANY OVERVIEW                 224

TABLE 260            ZANTYE AGRO INDUSTRIES: COMPANY OVERVIEW          225

TABLE 261            SON CHAU CO.,LTD: COMPANY OVERVIEW                 225

TABLE 262            SHIVAM CASHEW INDUSTRY: COMPANY OVERVIEW          226

TABLE 263            HUNG LOC PHAT CASHEW OIL CO. LTD. : COMPANY OVERVIEW   226

TABLE 264            KUMARASAMY INDUSTRIES: COMPANY OVERVIEW          227

TABLE 265            MIRAE GREEN CHEMICAL CO., LTD.: COMPANY OVERVIEW          227

TABLE 266            VIKO BIOFUEL COMPANY LIMITED: COMPANY OVERVIEW          228

TABLE 267            THINH DAI CHEMICAL: COMPANY OVERVIEW                 229

TABLE 268            PT COMEXTRA MAJORA: COMPANY OVERVIEW                 230

TABLE 269            CUONG THINH CASHEW OIL PRODUCTION COMPANY LIMITED:

COMPANY OVERVIEW   230

TABLE 270            CNSL INDUSTRIAL CO., LTD.: COMPANY OVERVIEW          231

TABLE 271            TAN LOC CASHEW OIL PRODUCTION COMPANY LIMITED: COMPANY OVERVIEW        231

TABLE 272            COATING RESINS MARKET, BY REGION, 2020–2023 (USD MILLION)       233

TABLE 273            COATING RESINS MARKET, BY REGION, 2024–2029 (USD MILLION)       233

TABLE 274            COATING RESINS MARKET, BY REGION, 2020–2023 (KILOTON)                234

TABLE 275            COATING RESINS MARKET, BY REGION, 2024–2029 (KILOTON)                234

TABLE 276            ASIA PACIFIC: COATING RESINS MARKET, BY COUNTRY,

2020–2023 (USD MILLION)            234

TABLE 277            ASIA PACIFIC: COATING RESINS MARKET, BY COUNTRY,

2024–2029 (USD MILLION)            235

TABLE 278            ASIA PACIFIC: COATING RESINS MARKET, BY COUNTRY, 2020–2023 (KILOTON)              235

TABLE 279            ASIA PACIFIC: COATING RESINS MARKET, BY COUNTRY, 2024–2029 (KILOTON)              236

TABLE 280            NORTH AMERICA: COATING RESINS MARKET, BY COUNTRY,

2020–2023 (USD MILLION)            236

TABLE 281            NORTH AMERICA: COATING RESINS MARKET, BY COUNTRY,

2024–2029 (USD MILLION)            236

TABLE 282            NORTH AMERICA: COATING RESINS MARKET, BY COUNTRY,

2020–2023 (KILOTON)     237

TABLE 283            NORTH AMERICA: COATING RESINS MARKET, BY COUNTRY,

2024–2029 (KILOTON)     237

TABLE 284            EUROPE: COATING RESINS MARKET, BY COUNTRY, 2020–2023 (USD MILLION)     237

TABLE 285            EUROPE: COATING RESINS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)     238

TABLE 286            EUROPE: COATING RESINS MARKET, BY COUNTRY, 2020–2023 (KILOTON)              238

TABLE 287            EUROPE: COATING RESINS MARKET, BY COUNTRY, 2024–2029 (KILOTON)              238

TABLE 288            MIDDLE EAST & AFRICA: COATING RESINS MARKET, BY COUNTRY,

2020–2023 (USD MILLION)            239

TABLE 289            MIDDLE EAST & AFRICA: COATING RESINS MARKET, BY COUNTRY,

2024–2029 (USD MILLION)            239

TABLE 290            MIDDLE EAST & AFRICA: COATING RESINS MARKET, BY COUNTRY,

2020–2023 (KILOTON)     240

TABLE 291            MIDDLE EAST & AFRICA: COATING RESINS MARKET, BY COUNTRY,

2024–2029 (KILOTON)     240

TABLE 292            SOUTH AMERICA: COATING RESINS MARKET, BY COUNTRY,

2020–2023 (USD MILLION)            241

TABLE 293            SOUTH AMERICA: COATING RESINS MARKET, BY COUNTRY,

2024–2029 (USD MILLION)            241

TABLE 294            SOUTH AMERICA: COATING RESINS MARKET, BY COUNTRY, 2020–2023 (KILOTON)       241

TABLE 295            SOUTH AMERICA: COATING RESINS MARKET, BY COUNTRY, 2024–2029 (KILOTON)       242

LIST OF FIGURES

FIGURE 1              CNSL MARKET SEGMENTATION AND REGIONAL SCOPE            24

FIGURE 2              CNSL MARKET: RESEARCH DESIGN         29

FIGURE 3              MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): COLLECTIVE MARKET SHARE OF KEY PLAYERS     32

FIGURE 4              MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 –BOTTOM-UP

(SUPPLY SIDE): COLLECTIVE REVENUE OF ALL PRODUCTS                 33

FIGURE 5              MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 –BOTTOM-UP

(DEMAND SIDE)               33

FIGURE 6              MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 –TOP-DOWN          34

FIGURE 7              CNSL MARKET: DATA TRIANGULATION                 35

FIGURE 8              CNSL MARKET CAGR PROJECTIONS FROM SUPPLY SIDE     36

FIGURE 9              MARKET GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS

AND OPPORTUNITIES   37

FIGURE 10            EPOXY MODIFIERS & RESINS SEGMENT TO DOMINATE CNSL

MARKET DURING FORECAST PERIOD    39

FIGURE 11            COATINGS SEGMENT TO DRIVE CNSL MARKET DURING FORECAST PERIOD       40

FIGURE 12            EUROPE ACCOUNTED FOR LARGEST MARKET SHARE IN 2024   40

FIGURE 13            CNSL MARKET TO WITNESS HIGH GROWTH DURING FORECAST PERIOD       42

FIGURE 14            EUROPE TO BE FASTEST-GROWING CNSL MARKET DURING FORECAST PERIOD    42

FIGURE 15            CHINA ACCOUNTED FOR LARGEST SHARE OF ASIA PACIFIC MARKET IN 2024   43

FIGURE 16            COATINGS APPLICATION LED CNSL MARKET ACROSS REGIONS IN 2024             43

FIGURE 17            GERMANY TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD       44

FIGURE 18            DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN CNSL MARKET                45

FIGURE 19            CNSL MARKET: PORTER’S FIVE FORCES ANALYSIS            48

FIGURE 20            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP

THREE APPLICATIONS  50

FIGURE 21            KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 51

FIGURE 22            CNSL MARKET: SUPPLY CHAIN ANALYSIS                 53

FIGURE 23            AVERAGE SELLING PRICE OF CNSL OFFERED BY KEY PLAYERS FOR

TOP THREE APPLICATIONS, 2024              55

FIGURE 24            AVERAGE SELLING PRICE TREND OF CNSL, BY REGION, 2022–2030           56

FIGURE 25            TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS   57

FIGURE 26            CNSL MARKET: ECOSYSTEM ANALYSIS  58

FIGURE 27            IMPORT DATA FOR HS CODE 1302-COMPLIANT PRODUCTS,

BY KEY COUNTRY, 2020–2024 (USD MILLION)     62

FIGURE 28            EXPORT DATA FOR HS CODE 1302-COMPLIANT PRODUCTS,

BY KEY COUNTRY, 2020–2024 (USD MILLION)     63

FIGURE 29            PATENTS REGISTERED FOR CNSL, 2014–2024                 71

FIGURE 30            MAJOR PATENTS RELATED TO CNSL, 2014–2024                 71

FIGURE 31            LEGAL STATUS OF PATENTS FILED RELATED TO CNSL, 2014–2024         73

FIGURE 32            MAXIMUM PATENTS FILED IN JURISDICTION OF US, 2014–2024               73

FIGURE 33            IMPACT OF AI/GEN AI ON CNSL MARKET                 79

FIGURE 34            COATINGS TO BE LARGEST APPLICATION OF CNSL MARKET DURING

FORECAST PERIOD         82

FIGURE 35            EPOXY MODIFIERS & RESINS SEGMENT TO LEAD MARKET DURING

FORECAST PERIOD         98

FIGURE 36            EUROPE TO BE LARGEST CNSL MARKET BETWEEN 2025 AND 2030               117

FIGURE 37            ASIA PACIFIC: CNSL MARKET SNAPSHOT                 119

FIGURE 38            NORTH AMERICA: CNSL MARKET SNAPSHOT                 138

FIGURE 39            EUROPE: CNSL MARKET SNAPSHOT       150

FIGURE 40            MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS, 2024   185

FIGURE 41            REVENUE ANALYSIS OF KEY COMPANIES IN CNSL MARKET, 2020–2024              186

FIGURE 42           COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024        188

FIGURE 43            CNSL MARKET: COMPANY FOOTPRINT 189

FIGURE 44            COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024   194

FIGURE 45            BRAND/PRODUCT COMPARISON             195

FIGURE 46            CNSL MARKET: EV/EBITDA OF KEY MANUFACTURERS           196

FIGURE 47            CNSL MARKET: ENTERPRISE VALUATION (EV) OF KEY PLAYERS              197

FIGURE 48            GHW (VIETNAM) CO., LTD: COMPANY SNAPSHOT          202