Cashew Nut Shell Liquid (CNSL) Market by Type (Raw Cashew Nut Shell Liquid, Technical Cashew Nut Shell Liquid), Application, End User Industry, Regions, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2019 to 2026

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Global cashew nut shell liquid (CNSL) market is expected to reach USD 489.63 Million by 2026, at a CAGR of 7.81% from 2019 to 2026. Growing demand from the end user industries such as coating, automotive, leather are driving the global cashew nut shell liquid (CNSL) market.

Market Overview:

Cashew nut shell liquid (CNSL) is a multipurpose by product of the Cashew industry. The nut has a shell of about 1/8 inch thickness inside which is a soft honey comb structure containing a dark reddish brown viscous liquid.  CNSL undergoes all the conventional reactions of phenols, CNSL aldehyde condensation products and CNSL based phenolic Resins are used in applications such as surface coatings, adhesives.  Various polyamines synthesised from CNSL are used s curing agents for epoxy resins.  CNSL and its derivatives have been used as antioxidants, plasticizers and processing aids for rubber compounds, modifiers for plastic materials and used to provide oxidative resistance sulphur-cured natural rubber products.  It is also added to rubber gum stock or nitrile rubber to improve the processability, mechanical properties and resistance to crack and cut properties of the vulcanisates. Thus increasing use of CNSL as an alternative to the unsaturated phenols is anticipated to drive the global cashew nut shell liquid (CNSL) market over the forecast period.

Report Description:

  • The base year for the study has been considered 2018, historic year 2016 and 2017 and, the forecast period considered is from 2019 to 2026. The global cashew nut shell liquid (CNSL) market is analysed on the basis of value (USD Million) volume (Kilotons), consumption (Kilotons), imports (Kilotons) and exports (Kilotons).
  • The study delivers a comprehensive analysis of global cashew nut shell liquid (CNSL) market by type, application, end user industry and regions. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
  • Porter’s Five Forces model is used in order to recognize the competitive scenario in the global cashew nut shell liquid (CNSL) market. This report incorporates the industry analysis which is focused on providing an extensive view of the cashew nut shell liquid (CNSL) market.
  • The study also includes attractiveness analysis of type, application, end user industry and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
  • The report provides company profile of the key players operating in the cashew nut shell liquid (CNSL) market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
  • The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.

Market Dynamics:

Drivers:

  • Rising utilization of CNSL in the end user industries
  • Rising preference for CNSL over unsaturated phenols

Restrains:

  • Volatility in the raw material prices

Opportunities:

  • Global emphasis on improving the agricultural income
  • Increasing investment on the research and development activities

Challenges:

  • Erratic supply of raw materials

Global Cashew Nut Shell Liquid (CNSL) Market Key Findings:

All the segments have been analyzed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment.

Segmentation Analysis:

The global cashew nut shell liquid (CNSL) market has been segmented on the basis of type, application and end user industry.

  • The type segment is divided into raw cashew nut shell liquid and technical cashew nut shell liquid. The raw cashew nut shell liquid segment led the global CNSL market with a market share of 56.82% in 2018. Growing demand for the raw CNSL from the processing industries was one of the primary reason driving factor. 
  • The application segment includes friction linings, paints and varnishes, laminating resins, rubber compounding resins, cashew cements, polyurethane based polymers, surfactants, epoxy resins, foundry chemicals, and others. The friction linings segment is anticipated to grow at the highest CAGR of 9.92% over the forecast period. Growing utilization of the CNSL in the stabilizing agent in disk pad brakes and drum linings is expected to fuel this future demand.
  • The end user is fragmented into coating industry, automotive industry, fuel industry, leather industry, tobacco curing industry, and others. The coating industry led the global cashew nut shell liquid (CNSL) market with a market share of 36.17% in 2018. CNSL based surface coatings possess excellent gloss and surface finish with optimum levels of toughness and elasticity. Thus increase demand for the corrosion resistant, high quality paints form the shipping industry is driving this market share.

Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. The Asia Pacific region emerged as the largest market for the cashew nut shell liquid (CNSL) with a 39.03% share of market revenue in 2018.

  • Factors such as ready availability of the raw material, presence of well-developed end user industries, coupled with growing demand for the CNSL as an alternative to the unsaturated phenols led the Asia Pacific region to dominate the global cashew nut shell liquid (CNSL) market in 2018.
  • The North America region held a considerable share market owing to rising demand for the CNSL from the end user industries.

Global Cashew Nut Shell Liquid (CNSL) Market Competitive Analysis:

Key players in the global cashew nut shell liquid (CNSL) market are K2P Chemicals, Sri Devi Group, K Subraya Anantha Kamath and Sons, Muskaan, Senesel, Shivam Cashew Industry, Cardolite, Palmer International, and Olam Agro India Pvt. Ltd among others. CNSL is extensively used in polymer based industries such as friction linings, paints and varnishes, laminating resins, Rubber compounding resins, cashew cements, polyurethane based polymers, surfactants, epoxy resins, foundry chemicals and intermediates for chemical industry, Automobile, pesticides.

*All our reports are customizable as per customer requirements

This study forecasts revenue and volume growth at global, regional, and country levels from 2016 to 2026. Fior Markets has segmented the global cashew nut shell liquid (CNSL) market on the basis of below mentioned segments:

Global Cashew Nut Shell Liquid (CNSL) Market by Type:

  • Raw Cashew Nut Shell Liquid
  • Technical Cashew Nut Shell Liquid

Global Cashew Nut Shell Liquid (CNSL) Market by Application:

  • Friction Linings
  • Paints and Varnishes
  • Laminating Resins
  • Rubber Compounding Resins
  • Cashew Cements
  • Polyurethane Based Polymers
  • Surfactants
  • Epoxy Resins
  • Foundry Chemicals
  • Others

Global Cashew Nut Shell Liquid (CNSL) Market by End User Industry:

  • Coating Industry
  • Automotive Industry
  • Fuel Industry
  • Leather Industry
  • Tobacco Curing Industry
  • Others

Global Cashew Nut Shell Liquid (CNSL) Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa         
    • UAE
    • South Africa

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
 

2. Research Methodology and Assumptions
 

3. Executive Summary
 

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Type
          4.3.2. Market Attractiveness Analysis By Application
          4.3.3. Market Attractiveness Analysis By End User Industry
          4.3.4. Market Attractiveness Analysis By Region
    4.4. Industry Trends
 

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Rising Utilization Of CNSL In The End User Industries
          5.2.2. Rising Preference For CNSL Over Unsaturated Phenols
    5.3. Restrains
          5.3.1. Volatility In The Raw Material Prices
    5.4. Opportunities
          5.4.1. Global Emphasis On Improving The Agricultural Income
          5.4.2. Increasing Investment On The Research And Development Activities
    5.5. Challenges
          5.5.1. Erratic Supply Of Raw Materials
 

6. Global Cashew Nut Shell Liquid (CNSL) Market Analysis and Forecast, By Type
    6.1. Segment Overview
    6.2. Raw Cashew Nut Shell Liquid (CNSL)
    6.3. Technical Cashew Nut Shell Liquid (CNSL)
 

7. Global Cashew Nut Shell Liquid (CNSL) Market Analysis and Forecast, By Application
    7.1. Segment Overview
    7.2. Friction Linings
    7.3. Paints and Varnishes
    7.4. Laminating Resins
    7.5. Rubber Compounding Resins
    7.6. Cashew Cements
    7.7. Polyurethane Based Polymers
    7.8. Surfactants
    7.9. Epoxy Resins
    7.10. Foundry Chemicals
    7.11. Others
 

8. Global Cashew Nut Shell Liquid (CNSL) Market Analysis and Forecast, By End User Industry
    8.1. Segment Overview
    8.2. Coating Industry
    8.3. Automotive Industry
    8.4. Fuel Industry
    8.5. Leather Industry
    8.6. Tobacco Curing Industry
    8.7. Others
 

9. Global Cashew Nut Shell Liquid (CNSL) Market Analysis and Forecast, By Regional Analysis
    9.1. Segment Overview
    9.2. North America
          9.2.1. U.S.
          9.2.2. Canada
          9.2.3. Mexico
    9.3. Europe
          9.3.1. Germany
          9.3.2. France
          9.3.3. U.K.
          9.3.4. Italy
          9.3.5. Spain
    9.4. Asia-Pacific
          9.4.1. Japan
          9.4.2. China
          9.4.3. India
    9.5. South America
          9.5.1. Brazil
    9.6. Middle East and Africa
          9.6.1. UAE
          9.6.2. South Africa
 

10. Global Cashew Nut Shell Liquid (CNSL) Market-Competitive Landscape
    10.1. Overview
    10.2. Market Share of Key Players in the Cashew Nut Shell Liquid (CNSL) Market
          10.2.1. Global Company Market Share
          10.2.2. North America Company Market Share
          10.2.3. Europe Company Market Share
          10.2.4. APAC Company Market Share
    10.3. Competitive Situations and Trends
          10.3.1. Type Launches and Developments
          10.3.2. Partnerships, Collaborations, and Agreements
          10.3.3. Mergers & Acquisitions
          10.3.4. Expansions
 

11. Company Profiles
    11.1. K2P Chemicals
          11.1.1. Business Overview
          11.1.2. Company Snapshot
          11.1.3. Company Market Share Analysis
          11.1.4. Company Type Portfolio
          11.1.5. Recent Developments
          11.1.6. SWOT Analysis
    11.2. Sri Devi Group
          11.2.1. Business Overview
          11.2.2. Company Snapshot
          11.2.3. Company Market Share Analysis
          11.2.4. Company Type Portfolio
          11.2.5. Recent Developments
          11.2.6. SWOT Analysis
    11.3. K Subraya Anantha Kamath and Sons
          11.3.1. Business Overview
          11.3.2. Company Snapshot
          11.3.3. Company Market Share Analysis
          11.3.4. Company Type Portfolio
          11.3.5. Recent Developments
          11.3.6. SWOT Analysis
    11.4. Muskaan
          11.4.1. Business Overview
          11.4.2. Company Snapshot
          11.4.3. Company Market Share Analysis
          11.4.4. Company Type Portfolio
          11.4.5. Recent Developments
          11.4.6. SWOT Analysis
    11.5. Senesel
          11.5.1. Business Overview
          11.5.2. Company Snapshot
          11.5.3. Company Market Share Analysis
          11.5.4. Company Type Portfolio
          11.5.5. Recent Developments
          11.5.6. SWOT Analysis
    11.6. Shivam Cashew Industry
          11.6.1. Business Overview
          11.6.2. Company Snapshot
          11.6.3. Company Market Share Analysis
          11.6.4. Company Type Portfolio
          11.6.5. Recent Developments
          11.6.6. SWOT Analysis
    11.7. Cardolite
          11.7.1. Business Overview
          11.7.2. Company Snapshot
          11.7.3. Company Market Share Analysis
          11.7.4. Company Type Portfolio
          11.7.5. Recent Developments
          11.7.6. SWOT Analysis
    11.8. Palmer International
          11.8.1. Business Overview
          11.8.2. Company Snapshot
          11.8.3. Company Market Share Analysis
          11.8.4. Company Type Portfolio
          11.8.5. Recent Developments
          11.8.6. SWOT Analysis
    11.9. Oil Olam Agro India Pvt. Ltd
          11.9.1. Business Overview
          11.9.2. Company Snapshot
          11.9.3. Company Market Share Analysis
          11.9.4. Company Type Portfolio
          11.9.5. Recent Developments
          11.9.6. SWOT Analysis


List of Table

  1. Global Cashew Nut Shell Liquid (CNSL) Market, By Type, 2016–2026 (USD Million)(Kilotons)
  2. Global Raw Cashew Nut Shell Liquid (CNSL) Market, By Region, 2016–2026 (USD Million)(Kilotons)
  3. Global Technical Cashew Nut Shell Liquid (CNSL) Market, By Region, 2016–2026 (USD Million)(Kilotons)
  4. Global Cashew Nut Shell Liquid (CNSL) Market, By Application, 2016–2026 (USD Million)(Kilotons)
  5. Global Friction Linings Cashew Nut Shell Liquid (CNSL) Market, BY Region, 2016–2026 (USD Million)(Kilotons)
  6. Global Paints & Varnishes Cashew Nut Shell Liquid (CNSL) Market, By Region, 2016–2026 (USD Million)(Kilotons)
  7. Global Laminating Resins Cashew Nut Shell Liquid (CNSL) Market, By Region, 2016–2026 (USD Million)(Kilotons)
  8. Global Rubber Compounding Resins Cashew Nut Shell Liquid (CNSL) Market, By Region, 2016–2026 (USD Million)(Kilotons)
  9. Global Cashew Cements Cashew Nut Shell Liquid (CNSL) Market, By Region, 2016–2026 (USD Million)(Kilotons)
  10. Global Polyurethane Based Polymers Cashew Nut Shell Liquid (CNSL) Market, By Region, 2016–2026 (USD Million)(Kilotons)
  11. Global Surfactants Cashew Nut Shell Liquid (CNSL) Market, By Region, 2016–2026 (USD Million)(Kilotons)
  12. Global Epoxy Resins Cashew Nut Shell Liquid (CNSL) Market, By Region, 2016–2026 (USD Million)(Kilotons)
  13. Global Foundry Chemicals Cashew Nut Shell Liquid (CNSL) Market, By Region, 2016–2026 (USD Million)(Kilotons)
  14. Global Others Cashew Nut Shell Liquid (CNSL) Market, By Region, 2016–2026 (USD Million)(Kilotons)
  15. Global Cashew Nut Shell Liquid (CNSL) Market, By End User Industry, 2016–2026 (USD Million)(Kilotons)
  16. Global Coating Industry Cashew Nut Shell Liquid (CNSL) Market, By Region, 2016–2026 (USD Million)(Kilotons)
  17. Global Automotive Industry Cashew Nut Shell Liquid (CNSL) Market, By Region, 2016–2026 (USD Million)(Kilotons)
  18. Global Fuel Industry Cashew Nut Shell Liquid (CNSL) Market, By Region, 2016–2026 (USD Million)(Kilotons)
  19. Global Leather Industry Cashew Nut Shell Liquid (CNSL) Market, By Region, 2016–2026 (USD Million)(Kilotons)
  20. Global Tobacco Curing Industry Cashew Nut Shell Liquid (CNSL) Market, By Region, 2016–2026 (USD Million)(Kilotons)
  21. Global Others Cashew Nut Shell Liquid (CNSL) Market, By Region, 2016–2026 (USD Million)(Kilotons)
  22. Global Cashew Nut Shell Liquid (CNSL) Market, By Region, 2016–2026 (USD Million)(Kilotons)  
  23. Global Cashew Nut Shell Liquid (CNSL) Market, By North America, 2016–2026 (USD Million)(Kilotons)
  24. North America Cashew Nut Shell Liquid (CNSL) Market, By Type, 2016–2026 (USD Million)(Kilotons)
  25. North America Cashew Nut Shell Liquid (CNSL) Market, By Application, 2016–2026 (USD Million)(Kilotons)
  26. North America Cashew Nut Shell Liquid (CNSL) Market, By End User Industry, 2016–2026 (USD Million)(Kilotons)
  27. U.S. Cashew Nut Shell Liquid (CNSL) Market, By Type, 2016–2026 (USD Million)(Kilotons)
  28. U.S. Cashew Nut Shell Liquid (CNSL) Market, By Application, 2016–2026 (USD Million)(Kilotons)
  29. U.S. Cashew Nut Shell Liquid (CNSL) Market, By End User Industry, 2016–2026 (USD Million)(Kilotons)
  30. Canada Cashew Nut Shell Liquid (CNSL) Market, By Type, 2016–2026 (USD Million)(Kilotons)
  31. Canada Cashew Nut Shell Liquid (CNSL) Market, By Application, 2016–2026 (USD Million)(Kilotons)
  32. Canada Cashew Nut Shell Liquid (CNSL) Market, By End User Industry, 2016–2026 (USD Million)(Kilotons)
  33. Mexico Cashew Nut Shell Liquid (CNSL) Market, By Type, 2016–2026 (USD Million)(Kilotons)
  34. Mexico Cashew Nut Shell Liquid (CNSL) Market, By Application, 2016–2026 (USD Million)(Kilotons)
  35. Mexico Cashew Nut Shell Liquid (CNSL) Market, By End User Industry, 2016–2026 (USD Million)(Kilotons)
  36. Europe Cashew Nut Shell Liquid (CNSL) Market, By Type, 2016–2026 (USD Million)(Kilotons)
  37. Europe Cashew Nut Shell Liquid (CNSL) Market, By Application, 2016–2026 (USD Million)(Kilotons)
  38. Europe Cashew Nut Shell Liquid (CNSL) Market, By End User Industry, 2016–2026 (USD Million)(Kilotons)
  39. Germany Cashew Nut Shell Liquid (CNSL) Market, By Type, 2016–2026 (USD Million)(Kilotons)
  40. Germany Cashew Nut Shell Liquid (CNSL) Market, By Application, 2016–2026 (USD Million)(Kilotons)
  41. Germany Cashew Nut Shell Liquid (CNSL) Market, By End User Industry, 2016–2026 (USD Million)(Kilotons)
  42. France Cashew Nut Shell Liquid (CNSL) Market, By Type, 2016–2026 (USD Million)(Kilotons)
  43. France Cashew Nut Shell Liquid (CNSL) Market, By Application, 2016–2026 (USD Million)(Kilotons)
  44. France Cashew Nut Shell Liquid (CNSL) Market, By End User Industry, 2016–2026 (USD Million)(Kilotons)
  45. U.K. Cashew Nut Shell Liquid (CNSL) Market, By Type, 2016–2026 (USD Million)(Kilotons)
  46. U.K. Cashew Nut Shell Liquid (CNSL) Market, By Application, 2016–2026 (USD Million)(Kilotons)
  47. U.K. Cashew Nut Shell Liquid (CNSL) Market, By End User Industry, 2016–2026 (USD Million)(Kilotons)
  48. Italy Cashew Nut Shell Liquid (CNSL) Market, By Type, 2016–2026 (USD Million)(Kilotons)
  49. Italy Cashew Nut Shell Liquid (CNSL) Market, By Application, 2016–2026 (USD Million)(Kilotons)
  50. Italy Cashew Nut Shell Liquid (CNSL) Market, By End User Industry, 2016–2026 (USD Million)(Kilotons)
  51. Spain Cashew Nut Shell Liquid (CNSL) Market, By Type, 2016–2026 (USD Million)(Kilotons)
  52. Spain Cashew Nut Shell Liquid (CNSL) Market, By Application, 2016–2026 (USD Million)(Kilotons)
  53. Spain Cashew Nut Shell Liquid (CNSL) Market, By End User Industry, 2016–2026 (USD Million)(Kilotons)
  54. Asia Pacific Cashew Nut Shell Liquid (CNSL) Market, By Type, 2016–2026 (USD Million)(Kilotons)
  55. Asia Pacific Cashew Nut Shell Liquid (CNSL) Market, By Application, 2016–2026 (USD Million)(Kilotons)
  56. Asia Pacific Cashew Nut Shell Liquid (CNSL) Market, By End User Industry, 2016–2026 (USD Million)(Kilotons)
  57. Japan Cashew Nut Shell Liquid (CNSL) Market, By Type, 2016–2026 (USD Million)(Kilotons)
  58. Japan Cashew Nut Shell Liquid (CNSL) Market, By Application, 2016–2026 (USD Million)(Kilotons)
  59. Japan Cashew Nut Shell Liquid (CNSL) Market, By End User Industry, 2016–2026 (USD Million)(Kilotons)
  60. China Cashew Nut Shell Liquid (CNSL) Market, By Type, 2016–2026 (USD Million)(Kilotons)
  61. China Cashew Nut Shell Liquid (CNSL) Market, By Application, 2016–2026 (USD Million)(Kilotons)
  62. China Cashew Nut Shell Liquid (CNSL) Market, By End User Industry, 2016–2026 (USD Million)(Kilotons)
  63. India Cashew Nut Shell Liquid (CNSL) Market, By Type, 2016–2026 (USD Million)(Kilotons)
  64. India Cashew Nut Shell Liquid (CNSL) Market, By Application, 2016–2026 (USD Million)(Kilotons)
  65. India Cashew Nut Shell Liquid (CNSL) Market, By End User Industry, 2016–2026 (USD Million)(Kilotons)
  66. South America Cashew Nut Shell Liquid (CNSL) Market, By Type, 2016–2026 (USD Million)(Kilotons)
  67. South America Cashew Nut Shell Liquid (CNSL) Market, By Application, 2016–2026 (USD Million)(Kilotons)
  68. South America Cashew Nut Shell Liquid (CNSL) Market, By End User Industry, 2016–2026 (USD Million)(Kilotons)
  69. Brazil Cashew Nut Shell Liquid (CNSL) Market, By Type, 2016–2026 (USD Million)(Kilotons)
  70. Brazil Cashew Nut Shell Liquid (CNSL) Market, By Application, 2016–2026 (USD Million)(Kilotons)
  71. Brazil Cashew Nut Shell Liquid (CNSL) Market, By End User Industry, 2016–2026 (USD Million)(Kilotons)
  72. Middle East and Africa Cashew Nut Shell Liquid (CNSL) Market, By Type, 2016–2026 (USD Million)(Kilotons)
  73. Middle East and Africa Cashew Nut Shell Liquid (CNSL) Market, By Application, 2016–2026 (USD Million)(Kilotons)
  74. Middle East and Africa Cashew Nut Shell Liquid (CNSL) Market, By End User Industry, 2016–2026 (USD Million)(Kilotons)
  75. UAE Cashew Nut Shell Liquid (CNSL) Market, By Type, 2016–2026 (USD Million)(Kilotons)
  76. UAE Cashew Nut Shell Liquid (CNSL) Market, By Application, 2016–2026 (USD Million)(Kilotons)
  77. UAE Cashew Nut Shell Liquid (CNSL) Market, By End User Industry, 2016–2026 (USD Million)(Kilotons)
  78. South Africa Cashew Nut Shell Liquid (CNSL) Market, By Type, 2016–2026 (USD Million)(Kilotons)
  79. South Africa Cashew Nut Shell Liquid (CNSL) Market, By Application, 2016–2026 (USD Million)(Kilotons)
  80. South Africa Cashew Nut Shell Liquid (CNSL) Market, By End User Industry, 2016–2026 (USD Million)(Kilotons)

List of Figures 

  1. Global Cashew Nut Shell Liquid (CNSL) Market Segmentation
  2. Cashew Nut Shell Liquid (CNSL) Market: Research Methodology
  3. Market Size Estimation Methodology: Bottom-Up Approach
  4. Market Size Estimation Methodology: Top-Down Approach
  5. Data Triangulation
  6. Porter’s Five Forces Analysis
  7. Value Chain Analysis
  8. Global Cashew Nut Shell Liquid (CNSL) Market Attractiveness Analysis By Type
  9. Global Cashew Nut Shell Liquid (CNSL) Market Attractiveness Analysis By Application
  10. Global Cashew Nut Shell Liquid (CNSL) Market Attractiveness Analysis By End User Industry
  11. Global Cashew Nut Shell Liquid (CNSL) Market Attractiveness Analysis By Region
  12. Global Cashew Nut Shell Liquid (CNSL) Market: Dynamics
  13. Global Cashew Nut Shell Liquid (CNSL) Market Share by Type (2018 & 2026)
  14. Global Cashew Nut Shell Liquid (CNSL) Market Share by Application (2018 & 2026)
  15. Global Cashew Nut Shell Liquid (CNSL) Market Share by End User Industry (2018 & 2026)
  16. Global Cashew Nut Shell Liquid (CNSL) Market Share by Regions (2018 & 2026)
  17. Global Cashew Nut Shell Liquid (CNSL) Market Share by Company (2019)

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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