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Coconut Shell Powder Market Study Analysis with Forecast to 2031

06-11-2024 11:04 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Insightace analytic

Coconut Shell Powder Market Study Analysis with Forecast to 2031

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Coconut Shell Powder Market Size, Share & Trends Analysis Report By Mesh Size (80-100 Mesh, 200-300 Mesh), by Application (Insect Repellent, Activated Carbon, Extender and Filler, Absorbent, Others), by Sales Channel (Offline, Online)- Market Outlook And Industry Analysis 2031".

The coconut shell powder market is estimated to reach over USD 548.30 million by 2031, exhibiting a CAGR of 6.92% during the forecast period.

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Coconut shells and other agricultural residue are frequently incinerated outdoors. During the open burning phase, toxic vapours were released, which could have a detrimental impact on the environment and the health of individuals. To mitigate the danger of contamination, researchers have devised a novel method that generates bio-composites from agricultural waste. Coconut shell powder, a solid non-food refuse, can decrease the demand for synthetic fibre.

Market expansion may be attributable to the increased demand for coconut shell powder in various sectors, such as chemical engineering and industrial production. However, the market is expanding as more individuals become aware of the advantages of utilizing natural ingredients. The demand for coconut shell powder is increasing as a result of the increased production of furniture, which is driving the market. Additionally, coconut shell powder is being utilized as a mild abrasive in repairing and renovating old structures. The oil and gas industry also employs them as a waste cycle material, which is driving the market expansion for coconut shell powder.

List of Prominent Players in the Coconut Shell Powder Market
• Shree Balajee Magnesite,
• Kasturi Coconut Processing,
• Rich Moon Co., Ltd,
• Prithvi Chemical Manufacturing Company Pvt. Ltd.,
• New Century Vietnam Organic Company Co., Ltd.,
• VietDelta Ltd.
• Coco Green (Pvt) Ltd.,
• Garnish Traders,
• Red & White International,
• Coco Land Lanka (Pvt) Ltd.,
• Guru Raghavendra Char Products,
• Consarc (Pvt) Ltd.,
• Anitha Exports,
• Lanka Coco Products (Pvt) Ltd.,
• Vijayanagar Food & Nutraceuticals Pvt Ltd,

Market Dynamics:
Drivers-
Market expansion may be attributed to the increasing demand for coconut shell powder in numerous sectors, such as chemical engineering and industrial production. Furthermore, the industry is experiencing growth due to the growing public consciousness of the benefits of utilizing natural components. Market expansion may be attributed to the increasing demand for coconut shell powder in numerous sectors, such as chemical engineering and industrial production. Furthermore, the industry is experiencing growth due to the growing public consciousness of the benefits of utilizing natural components.
Challenges:
The coconut shell powder market is typically restricted by a paucity of high-quality planting materials and small and divided land holdings to produce coconut trees.

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Regional Trends:
North America has emerged as the world's largest consumer of this constituent due to its increasing use as an ingredient in the production of plastics and its high personal care product consumption rates. The North American coconut shell powder market is anticipated to be supported by the increasing industrial demand for activated carbon, extender and filler, and absorbent, as well as the rising adoption of eco-friendly raw materials. The growing demand for activated carbon and the diverse industrial applications of coconut shells are two primary factors driving the North American coconut shell powder market. The growth of coconut shell powder in various applications, such as ground and municipal water management and drinking water distillation, is driven by the increasing demand for activated carbon derived from coconut shell powder.

Recent Developments:
• In July 2021, To underscore their commitment to developing superior products, Vita Coco underwent a rebranding as a Public Benefit Corporation (PBC). The company was established to address the challenges of sustainable development that coconut producers confront and to benefit procurement by utilizing this PBC structure to promote economic growth. Consequently, Vita Coco's implementation of this framework led to increased stakeholder profits and a profitable public-interest business.

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Segmentation of Coconut Shell Powder Market:
By Application
• Insect Repellent
• Activated Carbon
• Extender and Filler
• Absorbent
• Others
By Mesh Size
• 80-100 Mesh
• 200-300 Mesh
By Sales Channel
• Offline
• Online
By Region scope
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

Details insights on this market: https://www.insightaceanalytic.com/report/coconut-shell-powder-market/1749

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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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