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The global coconut shell powder market size attained a value of USD 335.11 million in 2023. The market is further expected to grow at a CAGR of 8% between 2024 and 2032, to reach a value of USD 669.11 million by 2032.
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Coconut shell powder is a type of powder that is produced by the powdering of coconut shells. It is used as a filler in various compounds such as bakelite, and synthetic resin glues, among others. It is also applied in the manufacturing process of plywood and laminated boards. Coconut shell powder has a high specific strength to weight ratio and is a renewable resource as more coconut trees can be planted to increase supply.
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Based on mesh size, the market is segmented into 80-100 mesh and 200-300 mesh. On the basis of application, the market is classified into insect repellent, activated carbon, extender and filler, and absorbent, among others. The regional markets for coconut shell powder are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global coconut shell powder market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
The 80-100 mesh segment, based on mesh size, accounts for a healthy share of the market for coconut shell powders. Mesh sizes of 80-100 are ideal for producing thermoset moulding powder which is used to manufacture a wide range of electronic items such as microwave antennae, substation components, circuit breakers, metering boards, and switchgears, among others. In addition, these products are also used in the production of electrostatic powder coatings, which is further influencing the coconut shell powder market price.
Meanwhile, the increasing application of 200-300 mesh sized coconut shell powders in the production of synthetic resin glues is bolstering the segment’s growth. Over the forecast period, the anticipated increase in demand for synthetic resin glues in wood working and flooring sectors are likely to fuel the growth of this segment.
Based on application, the insect repellent segment occupies a significant share of the coconut shell powder market. The increasing demand for coconut shell powder to manufacture mosquito coils and incense sticks from household sectors is fuelling the growth of this segment. Growing awareness pertaining to the diseases caused by insects is further propelling the demand for coconut shell powder from households. Meanwhile, the activated carbon segment is expected to witness a healthy growth in the forecast period, owing to the escalating application of activated carbon in various industrial fields, including food and beverage processing and beauty and personal care.
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Nguyen Nga Lau Co., Ltd is one of the largest manufacturers of raw materials for making mosquito coils and incense sticks. The product portfolio of this company includes joss powder, wood powder, coconut shell powder, aromatic wood powder, and bamboo sticks, among others. The company was established in 1980 and is headquartered in Binh Dinh Province in Vietnam.
Kasturi Coconut Processing is a food processing company which was founded in the year 2000 and is currently headquartered in Karnataka in India. A widely known manufacturer, supplier, and exporter of various products, the portfolio of the company includes fresh coconut products, dried coconuts, coconut oil, coconut water, and coconut shell and coconut charcoal products, among others.
New Century Vietnam Organic Company Limited is a provider of raw materials which are used to produce joss powder, wood powder, premix powder, bamboo stick, Onggok powder, coconut shell powder, and tapioca starch, among others. The company was founded in the year 2011 and is currently headquartered in Hanoi, Vietnam.
Other market players include Rich Moon Co. Ltd., Anitha Exports, and Shree Balajee Magnesite, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Mesh Size |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market reached a value of USD 335.11 million in 2023.
The market is estimated to grow at a CAGR of 8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 669.11 million by 2032.
The increasing applications of coconut shell powder in the manufacture of activated carbon, growing applications in the building and construction applications, and renewable nature of the product, are the major drivers of the market.
The key trends in the coconut shell powder market include the increasing investments in the water treatment sector and growing expansion of the oil and gas sector across the emerging economies.
The different mesh sizes for coconut shell powder in the market are 80-100 mesh and 200-300 mesh.
Insect repellent, activated carbon, extender and filler, and absorbent, among others, are the various applications of coconut shell powder in the market.
Coconut shell powder is not considered to be harmful in case of skin contact or inhalation, however, ingestion in large quantities may be dangerous.
The major regions in the market are North America Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Nguyen Nga Lau Co., Ltd, Kasturi Coconut Processing, New Century Vietnam Organic Company Limited, Rich Moon Co. Ltd., Anitha Exports, and Shree Balajee Magnesite, among others, are the key market players, according to the report.
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