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Hydrofluoric Acid Market worth $5.10 billion by 2030 - Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., Aug. 12, 2025 /PRNewswire/ -- The report 'Hydrofluoric Acid Market by Grade [AHF, DHF (above 50% concentration), DHF (below 50% concentration)], Application, and Region (Asia Pacific, North America, Europe, South America, Middle East & Africa) - Global Forecast to 2030', hydrofluoric acid market is estimated at USD 4.08 billion in 2025 and projected to reach USD 5.10 billion by 2030 at a CAGR of 4.58% during the forecast period. Browse in-depth TOC on 'Hydrofluoric Acid Market'220 - Tables40 - Figures200 - Pages Download PDF Brochure: The hydrofluoric acid market is expected to expand due to several factors. There has been a rise in demand for fluorine compounds, increased use of hydrofluoric acid in refrigerants, hydrofluorocarbons, and hydrofluoroolefins, and a growth in industrial applications, which indicate strong growth potential for this market. The DHF (below 50% concentration) segment will hold the second-largest share of the market. The DHF (below 50% concentration) grade has become the second-largest segment in terms of value. The growing use of diluted hydrofluoric acid (DHF) across various industries is causing its concentration to drop below 50%. For metal pickling, glass etching, and cleaning processes, where a less-concentrated acid is safer and still effective, DHF is growing in popularity. This demand is mainly driven by the semiconductor industry, which requires precise glass etching and cleaning. DHF is also commonly found in household and commercial cleaning products because it can remove mineral oxides and deposits without the risks associated with higher concentrations. Fluorinated derivatives will hold the second-largest share in the applications market during the forecast period. The market for fluorinated derivatives is expected to be the second largest during the forecast period. Hydrofluoric acid (HF) is commonly used to produce these derivatives because it efficiently adds fluorine to other substances. When fluorine atoms attach to different molecules, they form unique compounds called fluorinated derivatives. These compounds are used in various applications, including pharmaceuticals, refrigerants, agrochemicals, and fluoropolymers. For example, fluorinated ingredients are often more effective, longer-lasting, and resistant to heat or chemical damage, which is why they are found in many modern medicines and crop protection products. Request Sample Pages: North America will hold the second-largest market share during the forecast period. North America ranks as the second-largest market for hydrofluoric acid (HF). Demand for HF is growing in the region for several reasons. First, there is a high demand for refrigerants because many people and businesses are upgrading their air conditioners, refrigerators, and freezers. These upgrades often require hydrofluoric acid, a key component in manufacturing refrigerants. Additionally, the strong US semiconductor industry significantly contributes to the rising consumption of HF. This sector, known for its advanced technology and major role in electronics, depends on hydrofluoric acid for important processes like cleaning and etching silicon wafers. These wafers are essential for producing integrated circuits and chips, making HF crucial for maintaining the high standards needed in semiconductor manufacturing. As a result, the demand for hydrofluoric acid in North America is not only increasing but also vital for supporting growth in both the refrigeration and semiconductor sectors. Request Customization: Key Players The Hydrofluoric Acid market major players such as Honeywell International Inc. (US), Solvay (Belgium), Stella Chemifa Corporation (Japan), Daikin (Japan), LANXESS (Germany), Merck KGaA (Germany), Dongyue Group Ltd. (China), Orbia (Mexico), Yingpeng Group (China), and Fluorchemie Group (Germany). Get access to the latest updates on Hydrofluoric Acid Companies and Hydrofluoric Acid Market Size Browse Adjacent Market: Specialty Chemicals Research Reports & Consulting Related Reports: Solvents Market - Global Forecast to 2029 Polyurethane Foam Market - Global Forecast to 2028 Water and Wastewater Treatment Equipment Market - Global Forecast to 2029 Silicone Market - Global Forecast to 2029 Green Hydrogen Market - Global Forecast to 2030 About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit or follow us on Twitter, LinkedIn and Facebook. Contact:Mr. Rohan SalgarkarMarketsandMarkets™ INC.1615 South Congress 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Our Website: Logo: View original content: SOURCE MarketsandMarkets Sign in to access your portfolio
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Rare Earth Metals Market worth $7,386.3 million by 2030 - Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., Aug. 12, 2025 /PRNewswire/ -- The report "Rare Earth Metals Market by Type (Lanthanum Oxide, Cerium Oxide, Neodymium Oxide, Europium Oxide, Terbium Oxide), Application (Permanent Magnets, Catalysts, Glass Polishing, Phosphors, Metal Alloys, Ceramics), and Region - Global Forecast to 2030 ", Rare earth metals market was valued at USD 5,139.1 million in 2024, and is projected to reach USD 7,386.3 million by 2030, at a CAGR of 6.2%. Browse in-depth TOC on "Rare Earth Metals Market" 180 - Tables80 - Figures230 - Pages Download PDF Brochure: Rare earth metals describe a group of 17 elements which occur relatively abundantly in the Earth's crust, though not often in concentrations high enough for them to be easily mined and processed. These elements possess special properties that create significant utility in modern technology, such as strong magnetism and electrical conductivity. As internationally recognized critical minerals, rare earth elements are important and significant to clean energy systems, electronics, and some defense technologies. The processes to extract and supply rare earths face challenges related to processing complexity, health and safety and environmental impacts, and the small number of locations with global production exposure. It is no surprise that for many nations interested in technological resilience and sustainability, rare earth metals constitute a strategic concern. Based on type, the neodymium oxide segment accounted for the largest market share in 2024 In 2024, the neodymium oxide segment held the largest market share in the global rare earth metals market owing to its importance in producing high-performance permanent magnets that act as essential components for certain motors used in electric vehicles (EVs), generators for wind turbine generators used in clean renewable energy, industrial automation equipment, and many of the most versatile consumer electronics. A global focus on sustainable mobility and clean energy spurred demand for neodymium-based magnets, which made neodymium oxide one of the most attractive rare earth compounds. In addition to being an essential rare earth compound, neodymium oxide's heavy use in the manufacturing of permanent magnets is due to its significant strength magnetic field and heat resistance, which can lead to energy efficiency and durability in their applications. The consumption of neodymium oxide has increased tremendously with the rise in electric vehicle adoption in regions, such as Asia Pacific, North America, and Europe, alongside the rise in wind energy installation occurring across the globe. Increasing investments in domestic supply chains for rare earth materials, along with investments into downstream magnet manufacturing initiatives and/or programs illustrate the strategic importance of neodymium oxide. In 2024, demand for neodymium oxide also rose due to applications into defense systems, or defense system components, medical imaging, robotics, and other types of robotics. Request Sample Pages: Based on application, the permanent magnets segment is projected to account for the largest market share during the forecast period The permanent magnets segment accounted for the highest market share globally based on application for rare earth metals in 2024 as a result of unprecedented demand for rare earth elements in electric mobility, renewable energy, electronics, and industrial automation. Permanent magnets are predominant magnet technologies made from rare earth metals, namely, neodymium, praseodymium, dysprosium, and samarium, which are crucial in the function of electric engines, wind turbine generators, medical devices, and robotics. The demand for rare earth magnets was primarily driven by the transition to electric vehicles (EVs), and hybrid vehicles. OEMs have increased reliance on rare earth magnets in order to improve electric motor efficiency and battery consumption. In addition, the robust global demand for wind energy development has resulted in demand for high-strength magnets that perform well in wind turbine assemblies and offshore environments. The consumer electronics and accessories market contributes to the demand and growth of rare earth permanent magnets because they depend heavily on permanent magnets in items, such as speakers, smartphones, and hard disk drives, leading to stable and growing demand. The trend of countries trying to regionalize rare earth supply chains increased investments in the domestic production of permanent magnets, particularly in the Asia Pacific region, Europe, and North America. With wind energy developers and consumer electronics companies seeking reliable long-term sources of permanent magnet materials, it strengthened the strategic value of permanent magnets as the leading application of 2024. Asia Pacific accounted for the largest share of the market in 2024 In 2024, Asia Pacific continued to lead the global market in the rare earth metals space, largely engineered by China's unrivalled ability to produce and process rare earth metals. Asia Pacific is benefiting from a strong manufacturing base and increased consumption from electric vehicles, wind turbines, electronics, and clean energy technologies. Japan and South Korea are significant contributors to regional consumption as these countries have high-tech industries that consume rare earth components. In addition, the recent rise of industrialization and infrastructure development in emerging economies, including India and Southeast Asian countries has concurrently increased consumption of rare earth elements in the automotive, energy, defense, and electronics sectors. Moreover, governments and policies to direct investments and supply of local processing and recycling technologies in the sector is fueling further consolidation in the Asia Pacific region. At a time when firms are seeking to strengthen supply chains and high value applications, Asia Pacific accounts for the market share of impressive extent in 2024. The region continued to be the market leader in the rare earth metals market in 2024. Request Customization: Key Players The rare earth metals market comprises major players, such as Lynas Rare Earths Ltd. (Australia), Australian Strategic Materials Ltd. (Australia), Arafura Rare Earths Limited (Australia), Shenghe Resources Holding Co. Ltd (China), China Rare Earth Holdings Limited (China), Baotou HEFA Rare Earth Co. Ltd. (China), Canada Rare Earth Corporation (Canada), Northern Minerals (Australia), MP Materials (US), Avalon Advanced Materials Inc. (Canada), and others, which are covered in the rare earth metals market. Expansions, acquisitions, joint ventures, and product developments are some of the major strategies adopted by these key players to enhance their positions in the rare earth metals market. Get access to the latest updates on Rare Earth Metals Companies and Rare Earth Metals Market Size Browse Adjacent Market: Mining Minerals and Metals Market Research Reports & Consulting Related Reports: Rare-Earth Metal Recycling Market - Global Forecast to 2026 Rare Earth Metals Leaching Chemicals Market - Global Forecast to 2027 Metal Organic Frameworks Market - Global Forecast to 2030 Industrial Fasteners Market - Global Forecast to 2029 Titanium Market - Global Forecast to 2030About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit or follow us on Twitter, LinkedIn and Facebook. Contact:Mr. Rohan SalgarkarMarketsandMarkets™ INC.1615 South Congress 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Our Website: Logo: View original content: SOURCE MarketsandMarkets
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Rare Earth Metals Market worth $7,386.3 million by 2030 - Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., Aug. 12, 2025 /PRNewswire/ -- The report "Rare Earth Metals Market by Type (Lanthanum Oxide, Cerium Oxide, Neodymium Oxide, Europium Oxide, Terbium Oxide), Application (Permanent Magnets, Catalysts, Glass Polishing, Phosphors, Metal Alloys, Ceramics), and Region - Global Forecast to 2030 ", Rare earth metals market was valued at USD 5,139.1 million in 2024, and is projected to reach USD 7,386.3 million by 2030, at a CAGR of 6.2%. Browse in-depth TOC on "Rare Earth Metals Market" 180 - Tables80 - Figures230 - Pages Download PDF Brochure: Rare earth metals describe a group of 17 elements which occur relatively abundantly in the Earth's crust, though not often in concentrations high enough for them to be easily mined and processed. These elements possess special properties that create significant utility in modern technology, such as strong magnetism and electrical conductivity. As internationally recognized critical minerals, rare earth elements are important and significant to clean energy systems, electronics, and some defense technologies. The processes to extract and supply rare earths face challenges related to processing complexity, health and safety and environmental impacts, and the small number of locations with global production exposure. It is no surprise that for many nations interested in technological resilience and sustainability, rare earth metals constitute a strategic concern. Based on type, the neodymium oxide segment accounted for the largest market share in 2024 In 2024, the neodymium oxide segment held the largest market share in the global rare earth metals market owing to its importance in producing high-performance permanent magnets that act as essential components for certain motors used in electric vehicles (EVs), generators for wind turbine generators used in clean renewable energy, industrial automation equipment, and many of the most versatile consumer electronics. A global focus on sustainable mobility and clean energy spurred demand for neodymium-based magnets, which made neodymium oxide one of the most attractive rare earth compounds. In addition to being an essential rare earth compound, neodymium oxide's heavy use in the manufacturing of permanent magnets is due to its significant strength magnetic field and heat resistance, which can lead to energy efficiency and durability in their applications. The consumption of neodymium oxide has increased tremendously with the rise in electric vehicle adoption in regions, such as Asia Pacific, North America, and Europe, alongside the rise in wind energy installation occurring across the globe. Increasing investments in domestic supply chains for rare earth materials, along with investments into downstream magnet manufacturing initiatives and/or programs illustrate the strategic importance of neodymium oxide. In 2024, demand for neodymium oxide also rose due to applications into defense systems, or defense system components, medical imaging, robotics, and other types of robotics. Request Sample Pages: Based on application, the permanent magnets segment is projected to account for the largest market share during the forecast period The permanent magnets segment accounted for the highest market share globally based on application for rare earth metals in 2024 as a result of unprecedented demand for rare earth elements in electric mobility, renewable energy, electronics, and industrial automation. Permanent magnets are predominant magnet technologies made from rare earth metals, namely, neodymium, praseodymium, dysprosium, and samarium, which are crucial in the function of electric engines, wind turbine generators, medical devices, and robotics. The demand for rare earth magnets was primarily driven by the transition to electric vehicles (EVs), and hybrid vehicles. OEMs have increased reliance on rare earth magnets in order to improve electric motor efficiency and battery consumption. In addition, the robust global demand for wind energy development has resulted in demand for high-strength magnets that perform well in wind turbine assemblies and offshore environments. The consumer electronics and accessories market contributes to the demand and growth of rare earth permanent magnets because they depend heavily on permanent magnets in items, such as speakers, smartphones, and hard disk drives, leading to stable and growing demand. The trend of countries trying to regionalize rare earth supply chains increased investments in the domestic production of permanent magnets, particularly in the Asia Pacific region, Europe, and North America. With wind energy developers and consumer electronics companies seeking reliable long-term sources of permanent magnet materials, it strengthened the strategic value of permanent magnets as the leading application of 2024. Asia Pacific accounted for the largest share of the market in 2024 In 2024, Asia Pacific continued to lead the global market in the rare earth metals space, largely engineered by China's unrivalled ability to produce and process rare earth metals. Asia Pacific is benefiting from a strong manufacturing base and increased consumption from electric vehicles, wind turbines, electronics, and clean energy technologies. Japan and South Korea are significant contributors to regional consumption as these countries have high-tech industries that consume rare earth components. In addition, the recent rise of industrialization and infrastructure development in emerging economies, including India and Southeast Asian countries has concurrently increased consumption of rare earth elements in the automotive, energy, defense, and electronics sectors. Moreover, governments and policies to direct investments and supply of local processing and recycling technologies in the sector is fueling further consolidation in the Asia Pacific region. At a time when firms are seeking to strengthen supply chains and high value applications, Asia Pacific accounts for the market share of impressive extent in 2024. The region continued to be the market leader in the rare earth metals market in 2024. Request Customization: Key Players The rare earth metals market comprises major players, such as Lynas Rare Earths Ltd. (Australia), Australian Strategic Materials Ltd. (Australia), Arafura Rare Earths Limited (Australia), Shenghe Resources Holding Co. Ltd (China), China Rare Earth Holdings Limited (China), Baotou HEFA Rare Earth Co. Ltd. (China), Canada Rare Earth Corporation (Canada), Northern Minerals (Australia), MP Materials (US), Avalon Advanced Materials Inc. (Canada), and others, which are covered in the rare earth metals market. Expansions, acquisitions, joint ventures, and product developments are some of the major strategies adopted by these key players to enhance their positions in the rare earth metals market. Get access to the latest updates on Rare Earth Metals Companies and Rare Earth Metals Market Size Browse Adjacent Market: Mining Minerals and Metals Market Research Reports & Consulting Related Reports: Rare-Earth Metal Recycling Market - Global Forecast to 2026 Rare Earth Metals Leaching Chemicals Market - Global Forecast to 2027 Metal Organic Frameworks Market - Global Forecast to 2030 Industrial Fasteners Market - Global Forecast to 2029 Titanium Market - Global Forecast to 2030About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit or follow us on Twitter, LinkedIn and Facebook. Contact:Mr. Rohan SalgarkarMarketsandMarkets™ INC.1615 South Congress 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Our Website: Logo: View original content: SOURCE MarketsandMarkets
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Data Center Cooling Market worth $24.19 billion by 2032 - Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., Aug. 11, 2025 /PRNewswire/ -- The report "Data Center Cooling Market by Solution (Air Conditioning, Chilling Unit, Cooling Tower, Economizer System, Liquid Cooling System, Control System), Service, Type of Cooling, Data Center Type, End-use Industry, And Region - Global Forecast to 2032", data center cooling market is projected to grow from USD 11.08 billion in 2025 to USD 24.19 billion by 2032, at a CAGR of 11.8% during the same period. The industry is driven by the increasing growth of data creation and cloud computing. As more businesses establish themselves on cloud services and adopt newer technologies like AI and Big Data, the processing load and heat generation of data centers increase, necessitating effective cooling solutions to operate optimally. Browse in-depth TOC on "Data Center Cooling Market" 150 - Tables 100 - Figures180 - Pages Download PDF Brochure: Air conditioning, by solution, is expected to grow the fastest during the forecast period. Air conditioning will be the fastest-growing solution in the data center cooling space due to its proven reliability, scalability, and compatibility with existing infrastructure. With its broad adoption, ease of integration, and continuous energy efficiency improvements, it is the most common solution for handling heat in growing data center facilities. Maintenance and support, by service, is expected to be the largest market segment during the forecast period. Service support and maintenance are expected to lead the data center cooling market due to the need for continuous monitoring and regular maintenance to ensure adequate cooling and prevent downtime. As more sophisticated cooling systems are being deployed, there is a need for effective maintenance services to ensure peak performance and meet energy efficiency standards. Request Sample Pages: Europe is the second-largest data center cooling market. The world's second-largest data center cooling market is in Europe, where growing data center expansion, energy efficiency, and rigorous environmental concerns make up its hallmarks. All of these shape the attraction of efficient cooling technology, including the huge industry investors, investments in modern cooling equipment, and good temperature conditions in some parts of the region. Request Customization: Key Players Some of the leading players in this market include Vertiv Group Corp. (US), Green Revolution Cooling, Inc. (US), Submer (Spain), Asperitas (Netherlands), Coolit Systems (Canada), DCX Liquid Cooling Systems (Poland), Iceotope Precision Liquid Cooling (UK), Schneider Electric (France), Johnson Controls (Ireland), Carrier (US), DAIKIN INDUSTRIES, Ltd. (Japan), Mitsubishi Electric Corporation (Japan), Rittal GmbH & Co. KG (Germany), Midas Immersion Cooling (US), Trane Technologies plc (Ireland), Munters (Sweden), LiquidStack Holding B.V. (US), Chilldyne, Inc. (US), DUG Technology (Australia), LiquidCool Solutions (US), STULZ GMBH (Germany), Delta Power Solutions (Taiwan), Modine Manufacturing Company (US), Boyd (US), Super Micro Computer, Inc. (US), Flex, Inc. (US), Black Box (US), and Alfa Laval (Sweden). Get access to the latest updates on Data Center Cooling Companies and Data Center Cooling Market Size Browse Adjacent Market: Equipment Machine and Tooling Market Research Reports & Consulting Related Reports: Data Center Liquid Cooling Market - Global Forecast to 2032 Automotive Coatings Market - Global Forecast to 2028 Wood Plastic Composite Market - Global Forecast to 2028 Waterproofing Admixtures Market - Global Forecast to 2028 Ferro Silicon Market - Global Forecast to 2028 About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. To find out more, visit or follow us on Twitter, LinkedIn and Facebook. Contact:Mr. Rohan SalgarkarMarketsandMarkets™ INC.1615 South Congress 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Our Website: Logo: View original content: SOURCE MarketsandMarkets Sign in to access your portfolio
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Cashew Nutshell Liquid Market worth $876.5 million by 2030 - Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., Aug. 4, 2025 /PRNewswire/ -- The report "Cashew Nutshell Liquid Market by Product (PF Resins, Epoxy Resins, Epoxy Curing Agents, Surfactants, Polyols, Friction Linings), Application (Adhesive, Coating, Foam & Insulation, Laminate, Personal Care, Fuel), Region (Asia Pacific, North America, Europe, Middle East & Africa, South America) - Global Forecast to 2030 ", Cashew Nutshell Liquid (CNSL) market size was USD 461.1 million in 2024 and is projected to reach USD 876.5 million by 2030, at a CAGR of 11.36% between 2025 and 2030. Browse in-depth TOC on "Cashew Nutshell Liquid Market" 300 - Tables60 - Figures260 - Pages Download PDF Brochure: The CNSL market is experiencing stable growth on an international level owing to the increased demand for bio-based and high-performance substitutes to petroleum-derived chemicals in many sectors. CNSL, which is a renewable phenolic oil, obtained as a by-product of the cashew production process, is used on a wide scale in coatings, adhesives, foam & insulation, friction linings and fuel additives, as a result of its superb thermal stability, chemical resistance, and reactivity. Applications to automotive parts, building materials, and industrial processing such as brake pads, corrosion-resistant coatings, and insulating boards are gaining popularity. CNSL is also an important raw product in manufacturing phenol-formaldehyde resins, epoxy curing agents, surfactants, and demulsifiers, a factor that has seen it being useful in the energy, transport, and personal care industries. As people are increasingly embracing sustainable and circular economic solutions, the use of CNSL in the formulation of fuel and lubricants is becoming prominent clean-burning and renewable energy solutions. Strict environmental regulations, high industrial demand for green chemicals, and specialty applications have contributed to making Europe the current leader in the global CNSL market. North America comes next, and its implementation is based on integrating CNSL in automotive and industrial applications and in line with the objectives of ESG, whereas the Asia Pacific is growing rapidly with the growth of industrial activities and sources of raw materials in countries, such as India, Vietnam, and Indonesia. The problems of supply dependency on cashew producing areas, uneven quality of raw CNSL, and the necessity to increase the size of refining operations encourage investing in value-added processing and regional production centers and foster sustainable sourcing and waste valorization behavior at the same time. The other product types is projected to be the fastest-growing segment, in terms of value and volume, of the global CNSL market. The other product types segment of the CNSL market, which includes demulsifiers, additives, and other specialty intermediates, is projected to be the fastest-growing category between 2025 and 2030, in terms of both value and volume. The demand in the bio-based performance chemicals market is spurred by the following factors: the rising demand in the oil & gas industries, mining industries, lubricants, and agrochemicals markets of bio-derived performance chemicals that are either biodegradable or renewable, is fairly complemented by CNSL-based chemicals existing in the market providing an alternative to synthetic additives. CNSL-based demulsifiers are emerging as a promising solution in the process of crude oil separation, as the latter have shown to be sufficient in subjecting emulsions and minimizing their harm to the environment. At the same time, CNSL-based additives are being used in lubricants, anti-corrosive lacquer, and special formulations due to their high thermal stability, oxidation resistance and surface activity. With the global chemical industry moving toward green chemistry, low-toxicity substances, and circular economy processes, the segment is experiencing intense adoption. R&D and product innovation is also broadening the functional application of CNSL derivatives, strengthening the position of this segment as the most vibrant and fastest increasing segment of the CNSL market. Request Sample Pages: The coatings segment accounted for the largest application of CNSL market, in terms of value, in 2024. Coating held the highest value application segment in the CNSL market for 2024, due to the excellent properties of CNSL (including chemical resistance, adhesion, water repellency, and thermal stability). Resins and modifiers with CNSL are applied in industrial, marine, and protective coatings and especially in markets with a sustainable, low-VOC orientation. These are materials appreciated in enhancing corrosion resistance and durability, particularly in metal structures and high performing environments. Nevertheless, the fuel application is expected to experience the most rapid growth in the period between 2025 and 2030, both in terms of value and volume. This has been stimulated by the rising trend on bio-based and clean-burning fuels worldwide, CNSL therefore has gained momentum as a prospective raw material for fuel additives and its renewable energy applications because of its high calorific value, controlled sulfur level, and clean burning characteristics. Asia Pacific was the second-largest region in the global CNSL market in terms of volume, in 2024. The Asia Pacific is the second-largest regional market in CNSL, which is attributed to the number of cashew nut producing nations, including India, Vietnam and Indonesia among others, which guarantees raw material provision and affordable source prices. With the increasing production of automobiles, construction, and mounting exposure to the environment, the region is experiencing an upsurge in the demand for CNSL in friction linings, like adhesives, personal care, and industrial coatings. Furthermore, rising investments in the cashew processing and CNSL refining plants are boosting the market presence of Asia Pacific in the realm of value addition products. The region is likely to become and continue to remain an important contributor to the global CNSL market during the forecast period with the increasing infrastructure, local manufacturing, and the movement toward bio-based solutions. Request Customization: Key Players The key players profiled in the report include Cardolite Corporation (US), GHW (Vietnam) Co. Ltd., Palmer International (US), LC Buffalo (Vietnam), Cat Loi Cashew Oil Production & Export Joint Stock Company (Vietnam), SENESEL sp. z o.o. (Poland), Zhejiang Wansheng Co., Ltd. (China), Cashew Chem India (India), Sri Devi Group (India), and ADMARK Polycoats Pvt. Ltd. (India). Get access to the latest updates on Cashew Nutshell Liquid Companies and Cashew Nutshell Liquid Market Size Browse Adjacent Market: Green Bio-Chemicals Research Reports & Consulting Related Reports: Coating Resins Market - Global Forecast to 2029 Bioplastics & Biopolymers Market - Global Forecast to 2029 Urea Market - Global Forecast to 2029 Ammonia Market - Global Forecast to 2029 Methanol Market - Global Forecast to 2030 About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit or follow us on Twitter, LinkedIn and Facebook. Contact:Mr. Rohan SalgarkarMarketsandMarkets™ INC.1615 South Congress 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Our Website: Logo: View original content: SOURCE MarketsandMarkets
