The Asia Pacific Coconut Shell Powder Market would witness market growth of 7.9% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 17,912.3 tonnes, showcasing a growth of 8.4% (2019-2022).
Coconut Shell Powder’s granular consistency makes it a natural exfoliant in personal care and cosmetic products. It assists in the recovery of complexion and the removal of dead skin cells. Industrially, it is used in producing activated carbon, which finds applications in water purification and air filtration and as a component in various manufacturing processes due to its high adsorption capacity.
Moreover, it is employed in manufacturing composite materials, fillers, and additives in producing plywood, particleboards, and other construction materials due to its binding properties and compatibility with different materials. Overall, coconut shell powder is a versatile and eco-friendly material with various applications across industries, owing to its unique properties and diverse uses.
Furthermore, coconut shell, an agricultural byproduct, is typically burned openly. During the open burning phase, hazardous gases are discharged, posing potential risks to human health and the environment. To mitigate the potential for contamination, scientists have created a novel technological approach for producing biocomposites from agricultural byproducts. Powdered coconut shell is a non-edible solid waste with the capacity to decrease reliance on synthetic fiber. Additionally, coconut shell is an inexpensive and lightweight material that can decrease petroleum consumption and transportation expenses.
According to the International Trade Administration (ITA), Japan is subsequently the fourth largest e-commerce sector globally. According to the annual e-commerce industry survey published by Japan's Ministry of Economy, Trade and Industry ("METI") in August 2022, Business-to-Consumer ("B2C") e-commerce sales of goods increased by 8.6% in 2021 over the previous year, with an estimated value of $188.1 billion. As a result, the expansion of the e-commerce industry in the region is propelling the development of the market, as it facilitates product accessibility.
The China market dominated the Asia Pacific Coconut Shell Powder Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $39.4 Million by 2030. The Japan market is exhibiting a CAGR of 7.3% during (2023 - 2030). Additionally, The India market would experience a CAGR of 8.6% during (2023 - 2030).
Free Valuable Insights: The Global Coconut Shell Powder Market is Predict to reach USD 509 Million by 2030, at a CAGR of 7.3%
Based on Mesh Size, the market is segmented into 80-100 Mesh, and 200-300 Mesh. Based on Application, the market is segmented into Extender & Filler, Activated Carbon, Insect Repellent, Absorbent, and Others. Based on Sales Channel, the market is segmented into Offline, and Online. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Mesh Size (Volume, Tonnes, USD Million, 2019-2030)
By Application (Volume, Tonnes, USD Million, 2019-2030)
By Sales Channel (Volume, Tonnes, USD Million, 2019-2030)
By Country (Volume, Tonnes, USD Million, 2019-2030)
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