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Global Cardanol Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032

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1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Type
    • 1.3.1 Overview: Global Cardanol Consumption Value by Type: 2021 Versus 2025 Versus 2032
    • 1.3.2 Single Distilled
    • 1.3.3 Double Distilled
  • 1.4 Market Analysis by Purity
    • 1.4.1 Overview: Global Cardanol Consumption Value by Purity: 2021 Versus 2025 Versus 2032
    • 1.4.2 Industrial-Grade Cardanol
    • 1.4.3 High-Purity Cardanol
    • 1.4.4 Low-Odor / Low-Color Grades
  • 1.5 Market Analysis by Performance Positioning
    • 1.5.1 Overview: Global Cardanol Consumption Value by Performance Positioning: 2021 Versus 2025 Versus 2032
    • 1.5.2 Low-Temperature Cure Grades
    • 1.5.3 Corrosion-Resistance Focused Grades
    • 1.5.4 Low-VOC Grades
    • 1.5.5 Others
  • 1.6 Market Analysis by Sales Channel
    • 1.6.1 Overview: Global Cardanol Consumption Value by Sales Channel: 2021 Versus 2025 Versus 2032
    • 1.6.2 Online
    • 1.6.3 Offline
  • 1.7 Market Analysis by Application
    • 1.7.1 Overview: Global Cardanol Consumption Value by Application: 2021 Versus 2025 Versus 2032
    • 1.7.2 Resins
    • 1.7.3 Surface Coatings and Paints
    • 1.7.4 Lamination
    • 1.7.5 Adhesives
    • 1.7.6 Pharmaceuticals
    • 1.7.7 Industrial Cleaning
    • 1.7.8 Home & Personal Care
    • 1.7.9 Others
  • 1.8 Global Cardanol Market Size & Forecast
    • 1.8.1 Global Cardanol Consumption Value (2021 & 2025 & 2032)
    • 1.8.2 Global Cardanol Sales Quantity (2021-2032)
    • 1.8.3 Global Cardanol Average Price (2021-2032)

2 Manufacturers Profiles

  • 2.1 Cat Loi
    • 2.1.1 Cat Loi Details
    • 2.1.2 Cat Loi Major Business
    • 2.1.3 Cat Loi Cardanol Product and Services
    • 2.1.4 Cat Loi Cardanol Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.1.5 Cat Loi Recent Developments/Updates
  • 2.2 LC BUFFALO
    • 2.2.1 LC BUFFALO Details
    • 2.2.2 LC BUFFALO Major Business
    • 2.2.3 LC BUFFALO Cardanol Product and Services
    • 2.2.4 LC BUFFALO Cardanol Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.2.5 LC BUFFALO Recent Developments/Updates
  • 2.3 Son Chau
    • 2.3.1 Son Chau Details
    • 2.3.2 Son Chau Major Business
    • 2.3.3 Son Chau Cardanol Product and Services
    • 2.3.4 Son Chau Cardanol Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.3.5 Son Chau Recent Developments/Updates
  • 2.4 Cardolite
    • 2.4.1 Cardolite Details
    • 2.4.2 Cardolite Major Business
    • 2.4.3 Cardolite Cardanol Product and Services
    • 2.4.4 Cardolite Cardanol Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.4.5 Cardolite Recent Developments/Updates
  • 2.5 C.Ramakrishna Padayatchi
    • 2.5.1 C.Ramakrishna Padayatchi Details
    • 2.5.2 C.Ramakrishna Padayatchi Major Business
    • 2.5.3 C.Ramakrishna Padayatchi Cardanol Product and Services
    • 2.5.4 C.Ramakrishna Padayatchi Cardanol Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.5.5 C.Ramakrishna Padayatchi Recent Developments/Updates
  • 2.6 Adarsh Industrial Chemicals
    • 2.6.1 Adarsh Industrial Chemicals Details
    • 2.6.2 Adarsh Industrial Chemicals Major Business
    • 2.6.3 Adarsh Industrial Chemicals Cardanol Product and Services
    • 2.6.4 Adarsh Industrial Chemicals Cardanol Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.6.5 Adarsh Industrial Chemicals Recent Developments/Updates
  • 2.7 Golden Cashew Products
    • 2.7.1 Golden Cashew Products Details
    • 2.7.2 Golden Cashew Products Major Business
    • 2.7.3 Golden Cashew Products Cardanol Product and Services
    • 2.7.4 Golden Cashew Products Cardanol Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.7.5 Golden Cashew Products Recent Developments/Updates
  • 2.8 Senesel
    • 2.8.1 Senesel Details
    • 2.8.2 Senesel Major Business
    • 2.8.3 Senesel Cardanol Product and Services
    • 2.8.4 Senesel Cardanol Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.8.5 Senesel Recent Developments/Updates
  • 2.9 Xuzhou Zhongyan Technology
    • 2.9.1 Xuzhou Zhongyan Technology Details
    • 2.9.2 Xuzhou Zhongyan Technology Major Business
    • 2.9.3 Xuzhou Zhongyan Technology Cardanol Product and Services
    • 2.9.4 Xuzhou Zhongyan Technology Cardanol Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.9.5 Xuzhou Zhongyan Technology Recent Developments/Updates
  • 2.10 Wansheng
    • 2.10.1 Wansheng Details
    • 2.10.2 Wansheng Major Business
    • 2.10.3 Wansheng Cardanol Product and Services
    • 2.10.4 Wansheng Cardanol Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.10.5 Wansheng Recent Developments/Updates
  • 2.11 GHW International
    • 2.11.1 GHW International Details
    • 2.11.2 GHW International Major Business
    • 2.11.3 GHW International Cardanol Product and Services
    • 2.11.4 GHW International Cardanol Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.11.5 GHW International Recent Developments/Updates
  • 2.12 BioCrick
    • 2.12.1 BioCrick Details
    • 2.12.2 BioCrick Major Business
    • 2.12.3 BioCrick Cardanol Product and Services
    • 2.12.4 BioCrick Cardanol Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.12.5 BioCrick Recent Developments/Updates
  • 2.13 Shanghai Wing Chemical
    • 2.13.1 Shanghai Wing Chemical Details
    • 2.13.2 Shanghai Wing Chemical Major Business
    • 2.13.3 Shanghai Wing Chemical Cardanol Product and Services
    • 2.13.4 Shanghai Wing Chemical Cardanol Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.13.5 Shanghai Wing Chemical Recent Developments/Updates

3 Competitive Environment: Cardanol by Manufacturer

  • 3.1 Global Cardanol Sales Quantity by Manufacturer (2021-2026)
  • 3.2 Global Cardanol Revenue by Manufacturer (2021-2026)
  • 3.3 Global Cardanol Average Price by Manufacturer (2021-2026)
  • 3.4 Market Share Analysis (2025)
    • 3.4.1 Producer Shipments of Cardanol by Manufacturer Revenue ($MM) and Market Share (%): 2025
    • 3.4.2 Top 3 Cardanol Manufacturer Market Share in 2025
    • 3.4.3 Top 6 Cardanol Manufacturer Market Share in 2025
  • 3.5 Cardanol Market: Overall Company Footprint Analysis
    • 3.5.1 Cardanol Market: Region Footprint
    • 3.5.2 Cardanol Market: Company Product Type Footprint
    • 3.5.3 Cardanol Market: Company Product Application Footprint
  • 3.6 New Market Entrants and Barriers to Market Entry
  • 3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

  • 4.1 Global Cardanol Market Size by Region
    • 4.1.1 Global Cardanol Sales Quantity by Region (2021-2032)
    • 4.1.2 Global Cardanol Consumption Value by Region (2021-2032)
    • 4.1.3 Global Cardanol Average Price by Region (2021-2032)
  • 4.2 North America Cardanol Consumption Value (2021-2032)
  • 4.3 Europe Cardanol Consumption Value (2021-2032)
  • 4.4 Asia-Pacific Cardanol Consumption Value (2021-2032)
  • 4.5 South America Cardanol Consumption Value (2021-2032)
  • 4.6 Middle East & Africa Cardanol Consumption Value (2021-2032)

5 Market Segment by Type

  • 5.1 Global Cardanol Sales Quantity by Type (2021-2032)
  • 5.2 Global Cardanol Consumption Value by Type (2021-2032)
  • 5.3 Global Cardanol Average Price by Type (2021-2032)

6 Market Segment by Application

  • 6.1 Global Cardanol Sales Quantity by Application (2021-2032)
  • 6.2 Global Cardanol Consumption Value by Application (2021-2032)
  • 6.3 Global Cardanol Average Price by Application (2021-2032)

7 North America

  • 7.1 North America Cardanol Sales Quantity by Type (2021-2032)
  • 7.2 North America Cardanol Sales Quantity by Application (2021-2032)
  • 7.3 North America Cardanol Market Size by Country
    • 7.3.1 North America Cardanol Sales Quantity by Country (2021-2032)
    • 7.3.2 North America Cardanol Consumption Value by Country (2021-2032)
    • 7.3.3 United States Market Size and Forecast (2021-2032)
    • 7.3.4 Canada Market Size and Forecast (2021-2032)
    • 7.3.5 Mexico Market Size and Forecast (2021-2032)

8 Europe

  • 8.1 Europe Cardanol Sales Quantity by Type (2021-2032)
  • 8.2 Europe Cardanol Sales Quantity by Application (2021-2032)
  • 8.3 Europe Cardanol Market Size by Country
    • 8.3.1 Europe Cardanol Sales Quantity by Country (2021-2032)
    • 8.3.2 Europe Cardanol Consumption Value by Country (2021-2032)
    • 8.3.3 Germany Market Size and Forecast (2021-2032)
    • 8.3.4 France Market Size and Forecast (2021-2032)
    • 8.3.5 United Kingdom Market Size and Forecast (2021-2032)
    • 8.3.6 Russia Market Size and Forecast (2021-2032)
    • 8.3.7 Italy Market Size and Forecast (2021-2032)

9 Asia-Pacific

  • 9.1 Asia-Pacific Cardanol Sales Quantity by Type (2021-2032)
  • 9.2 Asia-Pacific Cardanol Sales Quantity by Application (2021-2032)
  • 9.3 Asia-Pacific Cardanol Market Size by Region
    • 9.3.1 Asia-Pacific Cardanol Sales Quantity by Region (2021-2032)
    • 9.3.2 Asia-Pacific Cardanol Consumption Value by Region (2021-2032)
    • 9.3.3 China Market Size and Forecast (2021-2032)
    • 9.3.4 Japan Market Size and Forecast (2021-2032)
    • 9.3.5 South Korea Market Size and Forecast (2021-2032)
    • 9.3.6 India Market Size and Forecast (2021-2032)
    • 9.3.7 Southeast Asia Market Size and Forecast (2021-2032)
    • 9.3.8 Australia Market Size and Forecast (2021-2032)

10 South America

  • 10.1 South America Cardanol Sales Quantity by Type (2021-2032)
  • 10.2 South America Cardanol Sales Quantity by Application (2021-2032)
  • 10.3 South America Cardanol Market Size by Country
    • 10.3.1 South America Cardanol Sales Quantity by Country (2021-2032)
    • 10.3.2 South America Cardanol Consumption Value by Country (2021-2032)
    • 10.3.3 Brazil Market Size and Forecast (2021-2032)
    • 10.3.4 Argentina Market Size and Forecast (2021-2032)

11 Middle East & Africa

  • 11.1 Middle East & Africa Cardanol Sales Quantity by Type (2021-2032)
  • 11.2 Middle East & Africa Cardanol Sales Quantity by Application (2021-2032)
  • 11.3 Middle East & Africa Cardanol Market Size by Country
    • 11.3.1 Middle East & Africa Cardanol Sales Quantity by Country (2021-2032)
    • 11.3.2 Middle East & Africa Cardanol Consumption Value by Country (2021-2032)
    • 11.3.3 Turkey Market Size and Forecast (2021-2032)
    • 11.3.4 Egypt Market Size and Forecast (2021-2032)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2021-2032)
    • 11.3.6 South Africa Market Size and Forecast (2021-2032)

12 Market Dynamics

  • 12.1 Cardanol Market Drivers
  • 12.2 Cardanol Market Restraints
  • 12.3 Cardanol Trends Analysis
  • 12.4 Porters Five Forces Analysis
    • 12.4.1 Threat of New Entrants
    • 12.4.2 Bargaining Power of Suppliers
    • 12.4.3 Bargaining Power of Buyers
    • 12.4.4 Threat of Substitutes
    • 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

  • 13.1 Raw Material of Cardanol and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of Cardanol
  • 13.3 Cardanol Production Process
  • 13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

  • 14.1 Sales Channel
    • 14.1.1 Direct to End-User
    • 14.1.2 Distributors
  • 14.2 Cardanol Typical Distributors
  • 14.3 Cardanol Typical Customers

15 Research Findings and Conclusion

    16 Appendix

    • 16.1 Methodology
    • 16.2 Research Process and Data Source

    According to our (Global Info Research) latest study, the global Cardanol market size was valued at US$ 45.15 million in 2025 and is forecast to a readjusted size of US$ 89.28 million by 2032 with a CAGR of 10.1% during review period.
    Cardanol is a bio-based phenolic compound made from cashew nut shell liquid (CNSL), which itself is a byproduct of cashew nut processing. In simple terms: when cashew nuts are processed, the shells contain a dark oily liquid; that liquid can be extracted and distilled, and one of the main valuable chemical fractions is cardanol. Chemically, cardanol is a phenol with a long hydrocarbon side chain (often with one or more double bonds), which gives it a useful mix of “reactive” behavior (from the phenol group) and “flexible / oily” behavior (from the side chain).
    From a market-definition angle, the “cardanol market” usually includes: (1) neat cardanol (distilled fraction), and (2) cardanol derivatives made for industrial formulations. Neat cardanol is used as a building block for resins and additives, while derivatives include epoxidized cardanol, cardanol-based phenolic resins, and cardanol-based curing agents such as phenalkamines (widely used as epoxy hardeners for protective coatings and flooring). These products are sold into coatings, adhesives, composites, friction materials (brake pads), inks, and specialty surfactant/pigment-dispersant systems.
    A helpful way to understand cardanol is through its supply chain logic. Upstream, the “raw material” is cashew shells, so supply is linked to cashew cultivation and processing. Midstream, CNSL is extracted (methods vary, and processing conditions can affect composition), then refined and fractionated to isolate cardanol and other components. Research shows that extraction/pre-treatment choices can change the CNSL profile, which matters because customers want stable quality and predictable performance in resin systems. Downstream, cardanol competes with petroleum-derived phenols and alkylphenols in many formulations, but it also creates new product “value” because it can raise renewable content while still meeting performance needs in harsh-service coatings and composites.
    Because cardanol comes from an agricultural value chain, regional cashew processing capacity matters as much as farm output. If more raw nuts are processed locally, more shells are available in the right places, and CNSL collection becomes easier to scale. This is one reason West Africa—especially Côte d’Ivoire—matters to the long-term supply picture. The World Bank describes Côte d’Ivoire’s rapid expansion of domestic cashew processing capacity over the last decade (and related investments in processing zones and logistics). That kind of “processing build-out” can indirectly support more stable CNSL and cardanol supply over time. At the same time, the cashew chain can be volatile: Reuters has reported sharp swings in buying patterns and prices tied to trade conditions (including tariffs) and currency moves, which can ripple into byproduct economics and availability.
    In 2025, global Cardanol production reached approximately 43056 MT, with an average global market price of around US$ 1019 per MT. The global single-line production capacity ranges from 2500 to 3000 MT per year. The industry's gross profit margin is approximately 15%-25%.
    A major trend supporting cardanol is the broad move toward bio-based coatings, especially in protective coatings, marine/offshore, industrial flooring, and corrosion control. Epoxy coatings are widely used because they bond well and resist chemicals, and the industry is steadily improving the bio-content of epoxy systems while trying to keep the same durability. Reviews of bio-based coatings highlight epoxy systems as a key area where bio-based building blocks (including phenolic/bio-aromatic sources) can expand, particularly when paired with formulation advances (waterborne systems, reactive diluents, improved curing chemistry). Cardanol-based epoxies and blends are actively studied for mechanical performance and higher renewable content, which supports a steady pipeline of new formulations that can later become commercial products.
    Another important driver is regulatory and brand pressure on certain petrochemical surfactants and alkylphenol-related substances. Cardanol is often compared (at least functionally) with some alkylphenol-type ingredients because it can behave like a hydrophobic phenol building block. Where restrictions or customer standards tighten around problematic chemicals, formulators look for alternatives that still deliver wetting, dispersion, or resin performance. In Europe, ECHA resources show how substances like nonylphenol ethoxylates sit within the REACH restriction framework, reinforcing the general direction of travel toward tighter control of some legacy chemistries. This does not automatically mean cardanol replaces any specific molecule one-for-one, but it does create a “tailwind” for bio-based and more acceptable building blocks in many formulations.
    Global Cardanol includes Cat Loi, LC BUFFALO, Son Chau, Cardolite and C.Ramakrishna Padayatchi, etc. Global top 3 companies hold a share over 60%.
    This report is a detailed and comprehensive analysis for global Cardanol market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
    Key Features:
    Global Cardanol market size and forecasts, in consumption value ($ Million), sales quantity (MT), and average selling prices (US$/MT), 2021-2032
    Global Cardanol market size and forecasts by region and country, in consumption value ($ Million), sales quantity (MT), and average selling prices (US$/MT), 2021-2032
    Global Cardanol market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (MT), and average selling prices (US$/MT), 2021-2032
    Global Cardanol market shares of main players, shipments in revenue ($ Million), sales quantity (MT), and ASP (US$/MT), 2021-2026
    The Primary Objectives in This Report Are:
    To determine the size of the total market opportunity of global and key countries
    To assess the growth potential for Cardanol
    To forecast future growth in each product and end-use market
    To assess competitive factors affecting the marketplace
    This report profiles key players in the global Cardanol market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Cat Loi, LC BUFFALO, Son Chau, Cardolite, C.Ramakrishna Padayatchi, Adarsh Industrial Chemicals, Golden Cashew Products, Senesel, Xuzhou Zhongyan Technology, Wansheng, etc.
    This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
    Market Segmentation
    Cardanol market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
    Market segment by Type
    Single Distilled
    Double Distilled
    Market segment by Purity
    Industrial-Grade Cardanol
    High-Purity Cardanol
    Low-Odor / Low-Color Grades
    Market segment by Performance Positioning
    Low-Temperature Cure Grades
    Corrosion-Resistance Focused Grades
    Low-VOC Grades
    Others
    Market segment by Sales Channel
    Online
    Offline
    Market segment by Application
    Resins
    Surface Coatings and Paints
    Lamination
    Adhesives
    Pharmaceuticals
    Industrial Cleaning
    Home & Personal Care
    Others
    Major players covered
    Cat Loi
    LC BUFFALO
    Son Chau
    Cardolite
    C.Ramakrishna Padayatchi
    Adarsh Industrial Chemicals
    Golden Cashew Products
    Senesel
    Xuzhou Zhongyan Technology
    Wansheng
    GHW International
    BioCrick
    Shanghai Wing Chemical
    Market segment by region, regional analysis covers
    North America (United States, Canada, and Mexico)
    Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
    Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
    South America (Brazil, Argentina, Colombia, and Rest of South America)
    Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
    The content of the study subjects, includes a total of 15 chapters:
    Chapter 1, to describe Cardanol product scope, market overview, market estimation caveats and base year.
    Chapter 2, to profile the top manufacturers of Cardanol, with price, sales quantity, revenue, and global market share of Cardanol from 2021 to 2026.
    Chapter 3, the Cardanol competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
    Chapter 4, the Cardanol breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
    Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
    Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and Cardanol market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
    Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
    Chapter 13, the key raw materials and key suppliers, and industry chain of Cardanol.
    Chapter 14 and 15, to describe Cardanol sales channel, distributors, customers, research findings and conclusion.

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