CHICAGO, May 17, 2022 /PRNewswire/ — According to the new market research report “Cashew Nutshell Liquid Market by product (PF Resins, Epoxy Resins, Epoxy Curing Agents, Surfactants, Polyols), application (Adhesive, Coating, Foam, Laminate, Personal Care), Region (Asia Pacific, North America, Europe) – Global Forecast to 2027“, published by MarketsandMarkets™, the CNSL market size is estimated to be USD 393 million in 2022 and is projected to reach USD 564 million by 2027, at a CAGR of 7.5% between 2022 and 2027. Increasing demand from the chemical and petrochemical industries, the rising demand for natural resources for various applications are significantly driving the market globally.
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Epoxy curing agents segment accounted for the largest share of the cashew nutshell liquid market in 2021.
Epoxy curing agents are required in different chemistries in a broad range of applications. Coating manufacturers use epoxy curing agents in several areas such as industrial, marine, protective coatings, transportation, and flooring applications. Adhesives manufacturers uses solutions for structural, building and construction, automotive and electronic systems. Low…
