

The global market for Cashew Nut Shell Oil was valued at US$ 27.6 million in the year 2024 and is projected to reach a revised size of US$ 46.4 million by 2031, growing at a CAGR of 7.4% during the forecast period.
Cashew Nut Shell Oil (CNSO) is a versatile component of the Cashew fruits’ nut. The oil which is a dark reddish-brown in colour is resident in a soft honeycomb shell, that is the pericarp of the nut. It is a natural resin that could serve as a valuable raw material for multiple applications. Rapid growth in the world population and increasing standard of living has overstretched petroleum resources as petrochemical feedstock. This among other factors, has culminated in the fast depletion of global petroleum reserves. Therefore, to maintain the standard of living and continuity of industrial sector which is paramount to human survival this decade and beyond, there is a need to find alternative sources of fuel and petrochemical feedstock. Cashew nut shell, a by-product of the cashew industry, is an embodiment of a useful chemical serving as a raw material for the petrochemical industry.
The Cashew Nut Shell Oil (CNSL) market is experiencing significant growth, driven by its diverse industrial applications and the increasing shift toward bio-based and sustainable chemicals. CNSL, a byproduct of cashew nut processing, is widely used in coatings, adhesives, friction materials (such as brake pads and clutch plates), laminates, bio-based resins, and specialty chemicals due to its high durability, corrosion resistance, and thermal stability. As global industries seek to reduce their dependence on petrochemical-based materials, CNSL is gaining traction as an eco-friendly alternative in automotive, construction, and industrial applications. The rising demand for high-performance bio-based coatings and polymers in automotive, aerospace, and infrastructure sectors is a major factor fueling market expansion. Additionally, stringent environmental regulations in Europe and North America are encouraging manufacturers to adopt renewable and low-carbon materials, further supporting CNSL market growth.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Cashew Nut Shell Oil, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Cashew Nut Shell Oil.
The Cashew Nut Shell Oil market size, estimations, and forecasts are provided in terms of sales volume (MT) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Cashew Nut Shell Oil market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Cashew Nut Shell Oil manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
By Company
Cat Loi Company
Fernandes Brothers
Sri Devi Group
Kumaraswamy Industries
Kanco Southwest Enterprises
Segment by Type
Natural CNSL (Cold Extraction)
Technical CNSL (Hot Extraction)
Segment by Application
Rubber and Plastic
Paint and Coating
Automobile Brakes
Other
Consumption by Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Europe
Germany
France
U.K.
Italy
Russia
Latin America
Mexico
Brazil
Argentina
Middle East and Africa
Turkey
Saudi Arabia
UAE
Core Chapters
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Cashew Nut Shell Oil manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Sales, revenue of Cashew Nut Shell Oil in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 8: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 9: The main points and conclusions of the report. 
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1 Cashew Nut Shell Oil Âé¶¹Ô´´ Overview
1.1 Product Definition
1.2 Cashew Nut Shell Oil by Type
1.2.1 Global Cashew Nut Shell Oil Âé¶¹Ô´´ Value Comparison by Type (2024 VS 2031)
1.2.2 Natural CNSL (Cold Extraction)
1.2.3 Technical CNSL (Hot Extraction)
1.3 Cashew Nut Shell Oil by Application
1.3.1 Global Cashew Nut Shell Oil Âé¶¹Ô´´ Value by Application (2024 VS 2031)
1.3.2 Rubber and Plastic
1.3.3 Paint and Coating
1.3.4 Automobile Brakes
1.3.5 Other
1.4 Global Cashew Nut Shell Oil Âé¶¹Ô´´ Size Estimates and Forecasts
1.4.1 Global Cashew Nut Shell Oil Revenue 2020-2031
1.4.2 Global Cashew Nut Shell Oil Sales 2020-2031
1.4.3 Global Cashew Nut Shell Oil Âé¶¹Ô´´ Average Price (2020-2031)
1.5 Assumptions and Limitations
2 Cashew Nut Shell Oil Âé¶¹Ô´´ Competition by Manufacturers
2.1 Global Cashew Nut Shell Oil Sales Âé¶¹Ô´´ Share by Manufacturers (2020-2025)
2.2 Global Cashew Nut Shell Oil Revenue Âé¶¹Ô´´ Share by Manufacturers (2020-2025)
2.3 Global Cashew Nut Shell Oil Average Price by Manufacturers (2020-2025)
2.4 Global Key Players of Cashew Nut Shell Oil, Industry Ranking, 2022 VS 2023 VS 2024
2.5 Global Key Manufacturers of Cashew Nut Shell Oil, Manufacturing Sites & Headquarters
2.6 Global Key Manufacturers of Cashew Nut Shell Oil, Product Type & Application
2.7 Global Key Manufacturers of Cashew Nut Shell Oil, Date of Enter into This Industry
2.8 Global Cashew Nut Shell Oil Âé¶¹Ô´´ Competitive Situation and Trends
2.8.1 Global Cashew Nut Shell Oil Âé¶¹Ô´´ Concentration Rate
2.8.2 The Global 5 and 10 Largest Cashew Nut Shell Oil Players Âé¶¹Ô´´ Share by Revenue
2.8.3 Global Cashew Nut Shell Oil Company Type and Âé¶¹Ô´´ Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.9 Manufacturers Mergers & Acquisitions, Expansion Plans
3 Global Cashew Nut Shell Oil Âé¶¹Ô´´ Scenario by Region
3.1 Global Cashew Nut Shell Oil Âé¶¹Ô´´ Size by Region: 2020 Versus 2024 Versus 2031
3.2 Global Cashew Nut Shell Oil Sales by Region: 2020-2031
3.2.1 Global Cashew Nut Shell Oil Sales by Region: 2020-2025
3.2.2 Global Cashew Nut Shell Oil Sales by Region: 2026-2031
3.3 Global Cashew Nut Shell Oil Revenue by Region: 2020-2031
3.3.1 Global Cashew Nut Shell Oil Revenue by Region: 2020-2025
3.3.2 Global Cashew Nut Shell Oil Revenue by Region: 2026-2031
3.4 North America Cashew Nut Shell Oil Âé¶¹Ô´´ Facts & Figures by Country
3.4.1 North America Cashew Nut Shell Oil Âé¶¹Ô´´ Size by Country: 2020 VS 2024 VS 2031
3.4.2 North America Cashew Nut Shell Oil Sales by Country (2020-2031)
3.4.3 North America Cashew Nut Shell Oil Revenue by Country (2020-2031)
3.4.4 U.S.
3.4.5 Canada
3.5 Europe Cashew Nut Shell Oil Âé¶¹Ô´´ Facts & Figures by Country
3.5.1 Europe Cashew Nut Shell Oil Âé¶¹Ô´´ Size by Country: 2020 VS 2024 VS 2031
3.5.2 Europe Cashew Nut Shell Oil Sales by Country (2020-2031)
3.5.3 Europe Cashew Nut Shell Oil Revenue by Country (2020-2031)
3.5.4 Germany
3.5.5 France
3.5.6 U.K.
3.5.7 Italy
3.5.8 Russia
3.6 Asia Pacific Cashew Nut Shell Oil Âé¶¹Ô´´ Facts & Figures by Region
3.6.1 Asia Pacific Cashew Nut Shell Oil Âé¶¹Ô´´ Size by Region: 2020 VS 2024 VS 2031
3.6.2 Asia Pacific Cashew Nut Shell Oil Sales by Region (2020-2031)
3.6.3 Asia Pacific Cashew Nut Shell Oil Revenue by Region (2020-2031)
3.6.4 China
3.6.5 Japan
3.6.6 South Korea
3.6.7 India
3.6.8 Australia
3.6.9 China Taiwan
3.6.10 Indonesia
3.6.11 Thailand
3.6.12 Malaysia
3.7 Latin America Cashew Nut Shell Oil Âé¶¹Ô´´ Facts & Figures by Country
3.7.1 Latin America Cashew Nut Shell Oil Âé¶¹Ô´´ Size by Country: 2020 VS 2024 VS 2031
3.7.2 Latin America Cashew Nut Shell Oil Sales by Country (2020-2031)
3.7.3 Latin America Cashew Nut Shell Oil Revenue by Country (2020-2031)
3.7.4 Mexico
3.7.5 Brazil
3.7.6 Argentina
3.8 Middle East and Africa Cashew Nut Shell Oil Âé¶¹Ô´´ Facts & Figures by Country
3.8.1 Middle East and Africa Cashew Nut Shell Oil Âé¶¹Ô´´ Size by Country: 2020 VS 2024 VS 2031
3.8.2 Middle East and Africa Cashew Nut Shell Oil Sales by Country (2020-2031)
3.8.3 Middle East and Africa Cashew Nut Shell Oil Revenue by Country (2020-2031)
3.8.4 Turkey
3.8.5 Saudi Arabia
3.8.6 UAE
4 Segment by Type
4.1 Global Cashew Nut Shell Oil Sales by Type (2020-2031)
4.1.1 Global Cashew Nut Shell Oil Sales by Type (2020-2025)
4.1.2 Global Cashew Nut Shell Oil Sales by Type (2026-2031)
4.1.3 Global Cashew Nut Shell Oil Sales Âé¶¹Ô´´ Share by Type (2020-2031)
4.2 Global Cashew Nut Shell Oil Revenue by Type (2020-2031)
4.2.1 Global Cashew Nut Shell Oil Revenue by Type (2020-2025)
4.2.2 Global Cashew Nut Shell Oil Revenue by Type (2026-2031)
4.2.3 Global Cashew Nut Shell Oil Revenue Âé¶¹Ô´´ Share by Type (2020-2031)
4.3 Global Cashew Nut Shell Oil Price by Type (2020-2031)
5 Segment by Application
5.1 Global Cashew Nut Shell Oil Sales by Application (2020-2031)
5.1.1 Global Cashew Nut Shell Oil Sales by Application (2020-2025)
5.1.2 Global Cashew Nut Shell Oil Sales by Application (2026-2031)
5.1.3 Global Cashew Nut Shell Oil Sales Âé¶¹Ô´´ Share by Application (2020-2031)
5.2 Global Cashew Nut Shell Oil Revenue by Application (2020-2031)
5.2.1 Global Cashew Nut Shell Oil Revenue by Application (2020-2025)
5.2.2 Global Cashew Nut Shell Oil Revenue by Application (2026-2031)
5.2.3 Global Cashew Nut Shell Oil Revenue Âé¶¹Ô´´ Share by Application (2020-2031)
5.3 Global Cashew Nut Shell Oil Price by Application (2020-2031)
6 Key Companies Profiled
6.1 Cat Loi Company
6.1.1 Cat Loi Company Company Information
6.1.2 Cat Loi Company Description and Business Overview
6.1.3 Cat Loi Company Cashew Nut Shell Oil Sales, Revenue and Gross Margin (2020-2025)
6.1.4 Cat Loi Company Cashew Nut Shell Oil Product Portfolio
6.1.5 Cat Loi Company Recent Developments/Updates
6.2 Fernandes Brothers
6.2.1 Fernandes Brothers Company Information
6.2.2 Fernandes Brothers Description and Business Overview
6.2.3 Fernandes Brothers Cashew Nut Shell Oil Sales, Revenue and Gross Margin (2020-2025)
6.2.4 Fernandes Brothers Cashew Nut Shell Oil Product Portfolio
6.2.5 Fernandes Brothers Recent Developments/Updates
6.3 Sri Devi Group
6.3.1 Sri Devi Group Company Information
6.3.2 Sri Devi Group Description and Business Overview
6.3.3 Sri Devi Group Cashew Nut Shell Oil Sales, Revenue and Gross Margin (2020-2025)
6.3.4 Sri Devi Group Cashew Nut Shell Oil Product Portfolio
6.3.5 Sri Devi Group Recent Developments/Updates
6.4 Kumaraswamy Industries
6.4.1 Kumaraswamy Industries Company Information
6.4.2 Kumaraswamy Industries Description and Business Overview
6.4.3 Kumaraswamy Industries Cashew Nut Shell Oil Sales, Revenue and Gross Margin (2020-2025)
6.4.4 Kumaraswamy Industries Cashew Nut Shell Oil Product Portfolio
6.4.5 Kumaraswamy Industries Recent Developments/Updates
6.5 Kanco Southwest Enterprises
6.5.1 Kanco Southwest Enterprises Company Information
6.5.2 Kanco Southwest Enterprises Description and Business Overview
6.5.3 Kanco Southwest Enterprises Cashew Nut Shell Oil Sales, Revenue and Gross Margin (2020-2025)
6.5.4 Kanco Southwest Enterprises Cashew Nut Shell Oil Product Portfolio
6.5.5 Kanco Southwest Enterprises Recent Developments/Updates
7 Industry Chain and Sales Channels Analysis
7.1 Cashew Nut Shell Oil Industry Chain Analysis
7.2 Cashew Nut Shell Oil Raw Material Supply Analysis
7.2.1 Key Raw Materials
7.2.2 Raw Materials Key Suppliers
7.3 Cashew Nut Shell Oil Production Mode & Process Analysis
7.4 Cashew Nut Shell Oil Sales and Âé¶¹Ô´´ing
7.4.1 Cashew Nut Shell Oil Sales Channels
7.4.2 Cashew Nut Shell Oil Distributors
7.5 Cashew Nut Shell Oil Customer Analysis
8 Cashew Nut Shell Oil Âé¶¹Ô´´ Dynamics
8.1 Cashew Nut Shell Oil Industry Trends
8.2 Cashew Nut Shell Oil Âé¶¹Ô´´ Drivers
8.3 Cashew Nut Shell Oil Âé¶¹Ô´´ Challenges
8.4 Cashew Nut Shell Oil Âé¶¹Ô´´ Restraints
9 Research Findings and Conclusion
10 Methodology and Data Source
10.1 Methodology/Research Approach
10.1.1 Research Programs/Design
10.1.2 Âé¶¹Ô´´ Size Estimation
10.1.3 Âé¶¹Ô´´ Breakdown and Data Triangulation
10.2 Data Source
10.2.1 Secondary Sources
10.2.2 Primary Sources
10.3 Author List
10.4 Disclaimer
Cat Loi Company
Fernandes Brothers
Sri Devi Group
Kumaraswamy Industries
Kanco Southwest Enterprises
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*If Applicable.