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.
The CNSL market in Europe is segmented into Germany, France, the UK, Italy, the Netherlands, and Rest of Europe. The chemical industry is a significant part of the region’s economy. The growth is driven by investments made in this region by global chemical companies. Though the steady European economic recovery is expected to drive the market, the adoption of several strict regulations against the use of petroleum-based products is likely to challenge the market growth in the region.
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The choice of CNSL-based surfactants in agrochemicals plays an important role as surfactants improve pesticide efficiency by multiple mechanisms. CNSL-based surfactants increase the foliar uptake of herbicides, growth regulators, and defoliants.
The growing focus on “green chemistry” by many companies to meet the demand for eco-friendly products from consumers has taken the personal care industry to a new dimension. CNSL-based surfactants are one of the important ingredients for personal care products, such as skincare, hair care, ointments, gels, creams, and other cosmetic products. The personal care industry is growing rapidly due to the rising population, along with an increase in spending on better personal care products. The retail sector is getting organized in emerging economies such as China, India, and Brazil, which is also helping the personal care industry to grow. The industry is continuously evolving to comply with changing consumer preferences.
The key market players are cardolite company(U.S.A), pelmer international(U.S.A), senesel(Poland), sri devi group(India).
Cardolite Corporation is a manufacturer of CNSL-based products used in coatings, friction materials, adhesives, composites, and foams. The company is the leader in the production of quality CNSL-based materials. Cardolite delivers high-quality products and services across the globe and has sales offices, representatives, and distribution facilities in the Americas, Europe, and Asia.
Palmer International is a global leader in CNSL technology. The company provides polyols, chemicals, friction particles, and resins to automotive, transport, construction, and other industries worldwide. It is the world’s oldest producer of cashew derivatives and a leader in developing OEM friction particles. The company is the worlds leading producer of cashew-manic polyols and epoxy hardener chemistry.
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