Market Overview:
The global cardanol market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for oil soluble resins, surface coatings and paints, lamination industry, adhesives and others applications across the globe. Asia Pacific is expected to be the fastest growing region in terms of cardanol market during the forecast period.
Product Definition:
A colorless, oily liquid, C8H16O, obtained from the distillation of cardanol, used chiefly in the manufacture of varnishes and lacquers.
Single Distilled:
Single distilled (SD) alcohol is an alcohol with a single distillation process. It is also known as absolute alcohol or neutral spirit. The most commonly used type of SD alcohol in the pharmaceutical industry is Isopropyl Alcohol, which finds its major application in the production of generic drugs and active ingredients for prescription-based drugs.
Double Distilled:
Double distilled (or twice distillation) is a process in which the vaporized alcohol is passed through a second time to obtain the highest concentration of alcohol possible. The process yields more pure ethanol and also reduces the risk of contamination by removing impurities present in the first pass.
Application Insights:
The oil soluble resins segment dominated the global cardanol market in 2017 and is expected to witness significant growth over the forecast period. The growing construction industry across the globe is a major factor contributing to this growth. Oil-soluble resins are used as crosslinking agents, hardeners, or both in adhesives and sealants. They are also used as thickeners or emulsifiers for paints & coatings applications. Increasing demand for water-borne products with enhanced performance properties from various end-use industries including construction is projected to drive product demand over the next eight years.
Regional Analysis:
Asia Pacific dominated the global cardanol market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising demand for adhesives & sealants from various end-use industries such as construction, automotive, packaging, and medical among others. In addition, increasing infrastructure activities coupled with growing automobile production in countries such as China and India are anticipated to drive product consumption over the next eight years.
The Asia Pacific was followed by Europe which accounted for a share of 25.0% in terms of volume consumed globally in 2017 owing to high demand from several major application industries including construction and automotive among others that are based primarily across Germany, France Italy Russia Spain U.K.
Growth Factors:
- Increasing demand from end-use industries such as paints and coatings, adhesives and sealants, composites, inks, and plastics.
- Growing demand for renewable resources in the form of bio-based solvents and additives.
- Rising awareness about the benefits of cardanol among consumers owing to its environmental friendly nature.
- Technological advancements that have led to increased adoption of cardanol in various applications such as coatings, printing ink formulations etcetera
Scope Of The Report
Report Attributes
Report Details
Report Title
Cardanol Market Research Report
By Type
Single Distilled, Double Distilled
By Application
Oil Soluble Resins, Surface Coatings and Paints, Lamination Industry, Adhesives, Others
By Companies
Senesel, Cat Loi, K2P Chemicals, Cardolite, C.Ramakrishna Padayatchi, Sai Group, Golden Cashew Products, Xuzhou Zhongyan Technology, Shandong Haobo Biological, Wansheng
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Cardanol Market Report Segments:
The global Cardanol market is segmented on the basis of:
Types
Single Distilled, Double Distilled
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil Soluble Resins, Surface Coatings and Paints, Lamination Industry, Adhesives, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Senesel
- Cat Loi
- K2P Chemicals
- Cardolite
- C.Ramakrishna Padayatchi
- Sai Group
- Golden Cashew Products
- Xuzhou Zhongyan Technology
- Shandong Haobo Biological
- Wansheng
Highlights of The Cardanol Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Distilled
- Double Distilled
- By Application:
- Oil Soluble Resins
- Surface Coatings and Paints
- Lamination Industry
- Adhesives
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cardanol Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cardanol is a natural oil that is extracted from the seeds of the cardamom plant. Cardanol has been used in traditional medicine to treat a variety of conditions, including inflammation, pain relief, and fever reduction.
Some of the key players operating in the cardanol market are Senesel, Cat Loi, K2P Chemicals, Cardolite, C.Ramakrishna Padayatchi, Sai Group, Golden Cashew Products, Xuzhou Zhongyan Technology, Shandong Haobo Biological, Wansheng.
The cardanol market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Cardanol Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Cardanol Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Cardanol Market - Supply Chain
4.5. Global Cardanol Market Forecast
4.5.1. Cardanol Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Cardanol Market Size (000 Units) and Y-o-Y Growth
4.5.3. Cardanol Market Absolute $ Opportunity
5. Global Cardanol Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Cardanol Market Size and Volume Forecast by Type
5.3.1. Single Distilled
5.3.2. Double Distilled
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Cardanol Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Cardanol Market Size and Volume Forecast by Application
6.3.1. Oil Soluble Resins
6.3.2. Surface Coatings and Paints
6.3.3. Lamination Industry
6.3.4. Adhesives
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Cardanol Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Cardanol Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Cardanol Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Cardanol Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Cardanol Demand Share Forecast, 2019-2026
9. North America Cardanol Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Cardanol Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Cardanol Market Size and Volume Forecast by Application
9.4.1. Oil Soluble Resins
9.4.2. Surface Coatings and Paints
9.4.3. Lamination Industry
9.4.4. Adhesives
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Cardanol Market Size and Volume Forecast by Type
9.7.1. Single Distilled
9.7.2. Double Distilled
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Cardanol Demand Share Forecast, 2019-2026
10. Latin America Cardanol Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Cardanol Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Cardanol Market Size and Volume Forecast by Application
10.4.1. Oil Soluble Resins
10.4.2. Surface Coatings and Paints
10.4.3. Lamination Industry
10.4.4. Adhesives
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Cardanol Market Size and Volume Forecast by Type
10.7.1. Single Distilled
10.7.2. Double Distilled
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Cardanol Demand Share Forecast, 2019-2026
11. Europe Cardanol Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Cardanol Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Cardanol Market Size and Volume Forecast by Application
11.4.1. Oil Soluble Resins
11.4.2. Surface Coatings and Paints
11.4.3. Lamination Industry
11.4.4. Adhesives
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Cardanol Market Size and Volume Forecast by Type
11.7.1. Single Distilled
11.7.2. Double Distilled
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Cardanol Demand Share, 2019-2026
12. Asia Pacific Cardanol Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Cardanol Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Cardanol Market Size and Volume Forecast by Application
12.4.1. Oil Soluble Resins
12.4.2. Surface Coatings and Paints
12.4.3. Lamination Industry
12.4.4. Adhesives
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Cardanol Market Size and Volume Forecast by Type
12.7.1. Single Distilled
12.7.2. Double Distilled
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Cardanol Demand Share, 2019-2026
13. Middle East & Africa Cardanol Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Cardanol Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Cardanol Market Size and Volume Forecast by Application
13.4.1. Oil Soluble Resins
13.4.2. Surface Coatings and Paints
13.4.3. Lamination Industry
13.4.4. Adhesives
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Cardanol Market Size and Volume Forecast by Type
13.7.1. Single Distilled
13.7.2. Double Distilled
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Cardanol Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Cardanol Market: Market Share Analysis
14.2. Cardanol Distributors and Customers
14.3. Cardanol Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Senesel
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Cat Loi
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. K2P Chemicals
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Cardolite
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. C.Ramakrishna Padayatchi
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sai Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Golden Cashew Products
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Xuzhou Zhongyan Technology
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Shandong Haobo Biological
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Wansheng
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
