The Global Cardanol Market was valued at USD 29.4 Million in 2024 and is projected to reach USD 60.7 Million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 11.2% during the forecast period (2025–2032). This robust growth is being fueled by the global push for sustainable materials, stringent environmental regulations, and the expanding applications of this versatile bio-based phenol derived from cashew nut shell liquid (CNSL) in resins, coatings, and adhesives.

As industries transition away from petroleum-based chemicals, the focus intensifies on the key producers who are scaling production, driving innovation, and creating a sustainable supply chain for bio-based alternatives. In this blog, we profile the Top 10 Companies in the Cardanol Industry—a group of specialized manufacturers and chemical innovators shaping the future of green chemistry.

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🔟 1. Cardolite Corporation

Headquarters: Newark, Delaware, USA
Key Offering: Cardanol-derived epoxy curing agents, phenalkamines, and specialty resins

Cardolite Corporation is a global pioneer and leader in the cardanol industry, renowned for its advanced chemical processing technologies. The company converts CNSL into high-value, performance-driven products used in protective coatings, adhesives, and composite materials. With significant manufacturing operations in key cashew-producing regions, Cardolone is a critical supplier to industries demanding durable and sustainable alternatives.

Sustainability Initiatives:

• Development of bio-based alternatives to bisphenol-A (BPA)

• Investment in R&D for low-VOC and formaldehyde-free formulations

• Commitment to sustainable and traceable CNSL sourcing

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9️⃣ 2. Cat Loi

Headquarters: Ho Chi Minh City, Vietnam
Key Offering: Refined Cardanol, CNSL, and cardanol-based intermediates

Cat Loi is a major Vietnamese producer leveraging the country’s robust cashew processing industry. The company specializes in the purification and distillation of CNSL to produce high-quality cardanol for both domestic use and international export. Its strategic location makes it a key player in the Asian market, supplying raw materials to the chemical and polymer sectors.

Sustainability Initiatives:

• Vertical integration with local cashew processors to ensure sustainable feedstock

• Implementation of energy-efficient distillation processes

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8️⃣ 3. LC BUFFALO

Headquarters: Binh Duong Province, Vietnam
Key Offering: Technical and refined grades of Cardanol, Polymerized Cardanol

LC BUFFALO is another Vietnamese powerhouse, known for its large-scale production capacity and consistent product quality. The company serves a global clientele, providing cardanol that meets the stringent requirements of the coatings, friction materials, and surfactant industries. Its focus on process optimization has made it a reliable and cost-effective supplier.

Sustainability Initiatives:

• Waste reduction and by-product utilization in its manufacturing processes

• Adherence to international environmental and quality standards

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7️⃣ 4. Son Chau

Headquarters: Dong Nai Province, Vietnam
Key Offering: Distilled Cardanol, Cashew Nut Shell Liquid (CNSL)

Son Chau specializes in the extraction and primary processing of CNSL, supplying both raw liquid and distilled cardanol. The company plays a crucial role in the upstream segment of the value chain, providing essential raw materials to chemical manufacturers who further refine it for specialized applications.

Sustainability Initiatives:

• Partnerships with local farming cooperatives for ethical sourcing

• Investment in cleaner extraction technologies

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6️⃣ 5. C.Ramakrishna Padayatchi (CRP)

Headquarters: Chennai, Tamil Nadu, India
Key Offering: Cardanol, Epoxy Modifiers, Phenalkamines

CRP is a leading Indian manufacturer with a strong presence in the domestic and international markets. The company has built a reputation for producing high-purity cardanol and its derivatives, which are critical for manufacturing epoxy resins with enhanced flexibility and chemical resistance.

Sustainability Initiatives:

• Focus on developing products for green building and construction materials

• Active participation in industry consortia for bio-based chemical standards

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5️⃣ 6. Adarsh Industrial Chemicals

Headquarters: Mumbai, Maharashtra, India
Key Offering: Refined Cardanol, CNSL-based resins

Adarsh Industrial Chemicals is a key Indian player focused on serving the domestic chemical industry. The company provides cardanol as a renewable raw material for producing laminates, paints, and varnishes, helping local manufacturers reduce their reliance on synthetic phenols.

Sustainability Initiatives:

• Promotion of cardanol as a green alternative within the Indian manufacturing sector

• Research into agro-chemical applications of cardanol derivatives

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4️⃣ 7. Golden Cashew Products

Headquarters: Kollam, Kerala, India
Key Offering: Cashew Nut Shell Liquid, Distilled Cardanol

Located in a major cashew processing hub in India, Golden Cashew Products efficiently transforms a waste by-product into a valuable chemical resource. The company supplies high-quality CNSL and cardanol to various industries, contributing to a circular economy model within the agro-processing sector.

Sustainability Initiatives:

• Circular economy model utilizing cashew processing waste

• Community-focused initiatives supporting local cashew farmers

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3️⃣ 8. Senesel

Headquarters: Barcelona, Spain
Key Offering: High-purity Cardanol, Cardanol-based specialty chemicals

Senesel is a prominent European supplier specializing in high-purity cardanol for demanding applications in the coatings and composite industries. The company focuses on the value-added segment, providing tailored solutions that meet the specific performance requirements of European chemical formulators.

Sustainability Initiatives:

• Alignment with EU Green Deal objectives for bio-based economies

• Development of cardanol-based products for the European market’s strict regulatory environment

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2️⃣ 9. Xuzhou Zhongyan Technology

Headquarters: Xuzhou, Jiangsu, China
Key Offering: Technical Grade Cardanol, CNSL Derivatives

Xuzhou Zhongyan Technology is a key Chinese manufacturer tapping into the growing domestic demand for bio-based chemicals. The company produces cardanol for use in industrial coatings, rubber chemicals, and Polyvinyl Chloride (PVC) stabilizers, supporting China’s evolving environmental standards.

Sustainability Initiatives:

• R&D focused on applications that reduce environmental footprint of industrial processes

• Expansion of production capacity to meet rising local demand for green chemicals

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1️⃣ 10. GHW International

Headquarters: Cologne, Germany
Key Offering: Cardanol for coatings, Cardanol-based additives

GHW International is a German chemical company that sources and distributes cardanol for the European market. While not a primary producer, it plays a vital logistical role, ensuring a consistent supply of quality cardanol to European formulators seeking sustainable raw materials for high-performance applications.

Sustainability Initiatives:

• Supply chain management focused on sustainability and transparency

• Partnerships with producers who adhere to responsible sourcing practices

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Cardanol Market – View in Detailed Research Report

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🌍 Outlook: The Future of Cardanol Is Bio-Based and High-Value

The cardanol market is undergoing a significant transformation. While traditional applications in friction materials and surface coatings continue to dominate, the industry is witnessing rapid innovation in high-value specialty chemicals, advanced material science, and sustainable manufacturing pathways.

📈 Key Trends Shaping the Market:

• R&D expansion into pharmaceutical intermediates and epoxy nanocomposites

• Regulatory push for bio-content in consumer products and construction materials

• Vertical integration and supply chain optimization in key producing regions like Vietnam and India

• Strategic alliances between cardanol producers and major chemical companies for product development

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Cardanol Market – View in Detailed Research Report

The companies listed above are not only supplying a crucial bio-based feedstock—they’re actively building the foundation for a more sustainable chemical industry.