The global coconut shell powder market was valued at $286.7 million in 2021, and is projected to reach $588.4 million by 2031, growing at a CAGR of 7.6% from 2022 to 2031.
The most adaptable component of the coconut, the organic shell, is used to make coconut shell flour. It is appropriate for long-term usage because of its excellent durability traits, high toughness, and abrasion resistant qualities. Although the cellulose concentration is lower and the lignin content is higher, the chemical composition of the shell is comparable to that of hard woods. To make coconut shell flour, fully grown nuts' shells must first be scraped of any pithy material that may be sticking to them and then crushed into little bits. These chunks are then repeatedly processed in grinding mills, and the ground material is then extracted in various mesh sizes after passing through cyclones and vibratory sieves with phosphor-bronze mesh.
Coconut shell is an agricultural waste that is typically burned openly. Toxic gases have been emitted during the open burning phase, which can be harmful to human health and the environment. To reduce the risk of pollution, researchers have developed a new technology that produces biocomposites from agro-wastes. Coconut shell powder is a solid nonfood waste that has the potential to reduce the use of synthetic fibre. Coconut shell is also a low-cost, light-weight material that can be used to reduce transportation costs and fuel consumption.
Coconut shell may be utilized as a filler material to make ceramic matrices composites (CMC) that have a high strength-to-weight ratio and use less ordinary fillers. Similar in mechanical qualities to the mineral filler, coconut shell also has the advantages of being inexpensive, low density, and renewable. Additionally, coconut shell has advantageous features in the industrial sector since it provides less abrasion to the machine, which reduces the likelihood of machinery failure. Coconut shell is regarded as one of the possible materials for long-term usage since it is an excellent abrasive and does little harm to machines
A significant product made from coconut shell is shell charcoal. Shell charcoal is a common fuel for homes and businesses. Additionally, goldsmiths, laundries, and blacksmiths employ it. Activated carbon is also made using shell charcoal. Since Coconut Shell Charcoal got the capacity to absorb molecular species its widely used for purification purposes also.. It is also well recognized for its use as a medication for specific illnesses, such as disorders of the internal and external organs.
High fluctuating prices of coconut shells as a result of small and fragmented land holdings for the production of coconut trees, as well as a scarcity of quality planting material, tend to limit the growth of coconut shell powder market. Coconut shell powder production wholly and solely depends upon the production of coconut. Decreasing area under coconut production is likely to be a major restraining factor for the growth of the market. One of the factors contributing to the decline in coconut cultivation area is competition from more lucrative activities. Farmers' attention has shifted to other commodities such as oil palm and housing development. Thus, above factors are likely to limit the growth of the coconut shell powder market during the forecast period.
The coconut shell powder industry is segmented into mesh size, application, sales channel, and region. On the basis of mesh size, the market is categorized into 80 - 100 Mesh and 200 - 300 Mesh. By application, it is segregated into insect repellent, activated carbon, extender and filler, absorbent, and others. As per sales channel, it is segmented into offline and online. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, France, Spain, Italy, Netherlands, Germany, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Indonesia, Philippines, and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and Rest of LAMEA).
On the basis of mesh size, the 80 – 100 mesh segments accounted for around 65.2 of global coconut shell powder market share in 2021, and is expected to sustain its share during the forecast period. There is no standard specification prescribed for the size of the coconut shell powder but is manufactured as per customers’ requirements and the particle size varies depending upon its end uses in different industries. It is majorly sold in sizes including 80 – 100 mesh and 200 – 300 mesh. Coconut shell powder with mesh size 80 – 100 is suitable to use as a filler in thermoset moulding powder. It is used as thermoset moulding powder such as phenol formaldehyde moulding powder or bakelite and synthetic resin glues. Increasing applications of thermoset moulding in various industries including automotive, aerospace, electrical, and electronics are likely to increase the demand for coconut shell powder through 80 – 100 mesh.
On the basis of application, the activated carbon segment was valued at $66.6 million in 2021 and is expected to reach $150.3 million by 2031, with a CAGR of 8.6%. Coconut shell powder with a mesh size of 80 - 100 works well as a filler in thermoset moulding powder. It is used in thermoset moulding powders like phenol formaldehyde or bakelite, as well as synthetic resin glues. The growing use of thermoset moulding in industries such as automotive, aerospace, electrical, and electronics is expected to drive up demand for coconut shell powder. Additionally, a number of activated carbon uses, including those for portable water purification, wastewater purification, gold absorption from gold solution (precious metal recovery), organic impurity removal in food and beverage applications, medical use, and catalyst support, are likely to support the development of the coconut shell powder market during the forecast period.
According to the coconut shell powder market trends, depending on sales channel, the online segment was valued at $77.7 million in 2021, and is expected to reach $166.2 million by 2031, with a CAGR of 8.0%. Online distribution of coconut shell powder is gaining major popularity owing to proliferation of internet of things at commercial level. Convenient transportation and globalization promoting the growth of the online distribution of the business to business products such as raw material, which in turn supports for the growth of the coconut shell powders market during forecast period. Furthermore, growing consumption of coconut shell powder through small scale industries are expected to boost the demand through various online platforms including Alibaba and IndiaMart. Thus, above factors are likely to support for the growth of coconut shell powder market through online segment.
Region-wise, North America dominated the coconut shell powder market size in 2021 and is expected to sustain its dominance throughout the coconut shell powder market forecast period. growing industrial demand for activated carbon, extender & filler, absorbent and rise in popularity and acceptance for eco-friendly raw materials are likely to supplement the North America coconut shell powder market growth. Increasing demand for activated carbon and multiple industrial applications of coconut shell are some of the key factors propelling the North American coconut shell powder market demand. The rise of coconut shell powder in various applications, such as ground & municipal water management and drinking water distillation, is being fueled by the rising need for activated carbon manufactured from coconut shell powder. Due to limited and dispersed land holdings for the cultivation of coconut trees, a lack of high-quality planting material, and other factors, the coconut shell powder market's expansion is sometimes constrained by the high shifting costs of coconut shells. U.S., Canada, and Mexico, the major markets in North America, import majority of the coconut shell powder in the region. The expansion of the new small establishments in the local markets is contributing toward the overall growth of the coconut shell powder market in the region.
The players operating in the global coconut shell powder industry have adopted various developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include New Century Vietnam Organic Company co., Ltd., OHM Trishul Bio Process, Rich Moon Co., Ltd, Vijayanagar Food & Nutraceuticals Pvt. Ltd, VietDelta Ltd., Coco Green (Pvt) Ltd., Coco Land Lanka (Pvt) Ltd., Consarc (Pvt) Ltd., Gournish Traders, Umang Pharmatech Pvt. Ltd., and Bali Coco.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the coconut shell powder market analysis from 2021 to 2031 to identify the prevailing coconut shell powder market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the coconut shell powder market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global coconut shell powder market trends, key players, market segments, application areas, and market growth strategies.
Coconut Shell Powder Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 588.4 million |
 Growth Rate | CAGR of 7.6% |
 Forecast period | 2021 - 2031 |
 Report Pages | 296 |
 By Mesh Size |
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 By Application |
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 By Sales Channel |
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 By Region |
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 Key Market Players | Shree Balajee Magnesite, Red & White International, Guru Raghavendra Char Products, VietDelta Ltd., Coco Green (Pvt) Ltd., Rich Moon Co., Ltd, New Century Vietnam Organic Company Co., Ltd., Kasturi Coconut Processing, Vijayanagar Food & Nutraceuticals Pvt Ltd, Gournish Traders, Consarc (Pvt) Ltd., Coco Land Lanka (pvt) Ltd., Anitha Exports, Prithvi Chemical Manufacturing Company Pvt. Ltd., Lanka Coco Products (Pvt) Ltd. |
Analyst Review
Coconuts were formerly grown in the Indo-Indonesian region but are now grown across the majority of tropical nations. Different sections of the coconut and its derivatives have a wide range of economic uses. The husk, the shell, the meat, the water, the leaves, the spathe, the inflorescence, and other parts of the coconut are used. Due to its tenacity, toughness, superior water absorption, and resistance to microbial growth, coconut shell powder is in demand for a wide range of applications. Previously discarded coconut shell is now utilized in a broad range of products, including toothpaste, pharmaceuticals, soap, charcoal made from coconut shells, handicrafts, and activated carbon. Numerous industrial uses for coconut shell powder exist, such as additives, fillers, aggregates, reinforcements, activated carbon, water filtration, and energy production. Due to its enhanced water absorption and fungal resistance capabilities, it has been heavily explored for usage in a variety of end use industries and is applied in a wide range of applications. Coconut shell powder is preferred over substitutes like bark powder, furfural, and peanut shell powder owing to its chemical consistency, greater water absorption capabilities, and resistance to fungus. The production of coconut shell powder is anticipated to be constrained as farmers become more interested in growing high-value crops like soybeans, maize, wheat, and spices. Moreover, there are very limited regions involved in the production of coconuts, including Asia-Pacific and Africa which significantly restricts the growth of the coconut shell powder market. From consumption point of view, North America and Europe are holding top positions in the coconut shell powder market.
The global coconut shell powder market size was valued at $286.7 million in 2021, and is estimated to reach $588.4 million by 2031.
7.6% is the CAGR of coconut shell powder market.
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2021 is the base year calculated in the coconut shell powder market report.
New Century Vietnam Organic Company Ltd. and OHM Trishul Bio Process are some of the top companies in the coconut shell powder market report.
The coconut shell powder market is segmented into mesh size, application, sales channel and region.
Increasing demand for cost-effective alternatives for industrial applications and rise in popularity for activated carbon in the industrial sector are some of the key factors shaping the growth of the coconut shell powder market.
North America region holds the maximum market share of the coconut shell powder market.
Outbreak of COVID-19 was negatively impacted the growth of the coconut shell powder market in 2020.
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