Dublin, Feb. 28, 2024 (GLOBE NEWSWIRE) -- The "Europe Coconut Shell Powder Market Size, Share & Trends Analysis Report By Mesh Size, By Application (Extender & Filler, Activated Carbon, Insect Repellent, Absorbent, and Others), By Sales Channel, By Country and Growth Forecast, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
The latest research publication sheds light on the significant expansion of the Europe Coconut Shell Powder Market, projecting a healthy growth rate of 7.1% CAGR throughout the forecasted period from 2023 to 2030. This comprehensive market size, share, and trends analysis report extensively covers various market segments, including Mesh Size, Application, and Sales Channel.
Market Dynamics
The market for coconut shell powder in Europe has seen a considerable rise in demand, particularly due to its diverse applications ranging from extenders and fillers to absorbents. In 2020 alone, the market volume saw a substantial rise to 11,857.6 tonnes. This uptick in volume indicates a growing appreciation for coconut shell powder's functionalities, including its role in activated carbon production and as an insect repellent.
Application Insights
- The Extender & Filler segment has been notably driving the market forward, attributing to its cost-effectiveness and superior properties.
- In the realm of Activated Carbon, coconut shell powder is widely recognized for its contribution to environmental sustainability, affirming its essential role in water and air purification processes.
- The use in Insect Repellents is a testament to its natural efficacy.
- Moreover, as an Absorbent, the powder's high porosity is being leveraged across various sectors including automotive and pharmaceuticals.
Germany stands out as the dominant force within the market, anticipated to achieve a market value of $34.1 Million by the year 2030, with the UK and France also showing significant growth prospects.
Sales Channel Developments
With consumer behavior shifting towards the digital sphere, the Online sales channel is anticipated to witness a notable surge in preference, corroborated by the convenience and global access it offers.
Supported by granular industry forecasts and keen insights, this report delineates clear growth trajectories and key market players already making a mark in the industry, including various local and international entities dedicated to enhancing coconut shell powder applications.
The comprehensive analysis ensures stakeholders are well-informed of the prevailing trends and mesh sizes that are predicted to command the market. With the inclusion of in-depth country-wise analysis covering Germany, the UK, France, Russia, Spain, Italy, and the rest of Europe, the report presents a strategic overview of the regional nuances shaping the market.
For industry professionals, researchers, and participants, this report stands as an invaluable resource for making data-driven decisions and strategizing business growth aligned with market trends. The market landscape is continually evolving, with innovative applications and expanded utilization of coconut shell powder, defining the future of various industrial applications across Europe.
Market Report Segmentation
By Mesh Size
- 80-100 Mesh
- 200-300 Mesh
By Application
- Extender & Filler
- Activated Carbon
- Insect Repellent
- Absorbent
- Others
By Sales Channel
- Offline
- Online
Companies Profiled
- Shree Balajee Magnesite
- Anitha Exports
- Kasturi Coconut Processing
- Gournish Traders
- Cocolandlanka (Pvt) Ltd
- Consarc (Pvt) Ltd.
- Prithvi Chemical Manufacturing Company Pvt. Ltd.
- Rich Moon Co., Ltd.
- Vijayanagar Food & Nutraceuticals Pvt. Ltd.
- Cocogreen (UK) Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/oon506
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