Market Overview:
The global cashew nut shell oil 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 factors such as rising demand for CNSL resin, increasing use of cashew nut shell oil in cardano production, and growing demand for cashew friction dust. However, volatility in prices of raw materials is expected to restrain the growth of the market during the forecast period.
Product Definition:
Cashew Nut Shell Oil is a natural oil extracted from the shells of cashews. It is used in cosmetics, as a lubricant, and in other industrial applications.
Above 98%:
The oil produced from the crushed and roasted cashew nuts is known as above 98% oil. It has a high percentage of unsaturated fatty acids and polyunsaturated fatty acids. The main function of this type of oil is to prevent the growth of microorganisms, thus it does not go bad easily. This makes it suitable for cooking as well as for other industrial purposes like cosmetics, biodiesel production, etc., which require long shelf life products with no preservatives or additives.
Below 98%:
Below 98% is the remaining 2% to 3% of oil in the cashew nut shell. It is a green color and has high nutritional value as compared to other oils. The chemical composition of below 98% oil includes omega 6 & omega 3 fatty acids, antioxidants, proteins, amino acids and enzymes. This oil contains vitamins A & E and it also helps in reducing cholesterol levels which are considered to be harmful for human body.
Application Insights:
The other application segment includes biodiesels, lubricants and greases, cosmetics and toiletries. The demand for the product in these applications is expected to be driven by growing environmental concerns regarding fuel consumption and pollution levels. Growing preference towards green products with low VOC content is likely to drive the demand for natural cardano oil derived from cashew nut shell over the forecast period. CNSL resin accounted for a significant share of global market revenue in 2017 owing to its usage as an adhesive agent in construction industry owing to its high-temperature resistance property. It also finds application as a bindery medium due largely on account of its high-temperature stability coupled with excellent chemical resistance properties offered by this product category.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand from countries, such as China, India, Japan and Australia.
Growth Factors:
- Increasing demand for bio-based products as a substitute to conventional petrochemical products.
- Rising awareness about the benefits of using renewable resources over traditional ones.
- Growing investments in research and development for novel applications of CASO
- Technological advancements that have made production of CASO more efficient
Scope Of The Report
Report Attributes
Report Details
Report Title
Cashew Nut Shell Oil Market Research Report
By Type
Above 98%, Below 98%
By Application
CNSL Resin, Cardano, Cashew Friction Dust, Other
By Companies
Cardolite, Sri Devi
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
191
Number of Tables & Figures
134
Customization Available
Yes, the report can be customized as per your need.
Global Cashew Nut Shell Oil Market Report Segments:
The global Cashew Nut Shell Oil market is segmented on the basis of:
Types
Above 98%, Below 98%
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
CNSL Resin, Cardano, Cashew Friction Dust, Other
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:
- Cardolite
- Sri Devi
Highlights of The Cashew Nut Shell Oil 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:
- Above 98%
- Below 98%
- By Application:
- CNSL Resin
- Cardano
- Cashew Friction Dust
- Other
- 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 Cashew Nut Shell Oil 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?
Cashew nut shell oil is a type of vegetable oil that is extracted from the cashew nut. It has a high smoke point, which means it can be used in cooking oils and fats.
Some of the key players operating in the cashew nut shell oil market are Cardolite, Sri Devi.
The cashew nut shell oil market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cashew Nut Shell Oil Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cashew Nut Shell Oil Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cashew Nut Shell Oil Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cashew Nut Shell Oil Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cashew Nut Shell Oil Market Size & Forecast, 2018-2028
4.5.1 Cashew Nut Shell Oil Market Size and Y-o-Y Growth
4.5.2 Cashew Nut Shell Oil Market Absolute $ Opportunity
Chapter 5 Global Cashew Nut Shell Oil Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Cashew Nut Shell Oil Market Size Forecast by Type
5.2.1 Above 98%
5.2.2 Below 98%
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cashew Nut Shell Oil Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Cashew Nut Shell Oil Market Size Forecast by Applications
6.2.1 CNSL Resin
6.2.2 Cardano
6.2.3 Cashew Friction Dust
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cashew Nut Shell Oil Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cashew Nut Shell Oil Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Cashew Nut Shell Oil Analysis and Forecast
9.1 Introduction
9.2 North America Cashew Nut Shell Oil Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Cashew Nut Shell Oil Market Size Forecast by Type
9.6.1 Above 98%
9.6.2 Below 98%
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Cashew Nut Shell Oil Market Size Forecast by Applications
9.10.1 CNSL Resin
9.10.2 Cardano
9.10.3 Cashew Friction Dust
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Cashew Nut Shell Oil Analysis and Forecast
10.1 Introduction
10.2 Europe Cashew Nut Shell Oil Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Cashew Nut Shell Oil Market Size Forecast by Type
10.6.1 Above 98%
10.6.2 Below 98%
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Cashew Nut Shell Oil Market Size Forecast by Applications
10.10.1 CNSL Resin
10.10.2 Cardano
10.10.3 Cashew Friction Dust
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Cashew Nut Shell Oil Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cashew Nut Shell Oil Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Cashew Nut Shell Oil Market Size Forecast by Type
11.6.1 Above 98%
11.6.2 Below 98%
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Cashew Nut Shell Oil Market Size Forecast by Applications
11.10.1 CNSL Resin
11.10.2 Cardano
11.10.3 Cashew Friction Dust
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Cashew Nut Shell Oil Analysis and Forecast
12.1 Introduction
12.2 Latin America Cashew Nut Shell Oil Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Cashew Nut Shell Oil Market Size Forecast by Type
12.6.1 Above 98%
12.6.2 Below 98%
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Cashew Nut Shell Oil Market Size Forecast by Applications
12.10.1 CNSL Resin
12.10.2 Cardano
12.10.3 Cashew Friction Dust
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Cashew Nut Shell Oil Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cashew Nut Shell Oil Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Cashew Nut Shell Oil Market Size Forecast by Type
13.6.1 Above 98%
13.6.2 Below 98%
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Cashew Nut Shell Oil Market Size Forecast by Applications
13.10.1 CNSL Resin
13.10.2 Cardano
13.10.3 Cashew Friction Dust
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cashew Nut Shell Oil Market: Competitive Dashboard
14.2 Global Cashew Nut Shell Oil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cardolite
14.3.2 Sri Devi
