The Latin America, Middle East and Africa Coconut Shell Powder Market would witness market growth of 9.3% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 9,316.2 tonnes, showcasing a growth of 11.1% (2023-2030).
Shell charcoal is a notable material derived from coconut shells. Shell charcoal is frequently used as a commercial and residential fuel. Furthermore, it is utilized by goldsmiths, laundries, and blacksmiths. Additionally, activated carbon is produced from shell charcoal. Due to its molecular species absorption capability, coconut shell charcoal is also extensively employed in purification processes. Furthermore, its efficacy as a pharmaceutical intervention for distinct ailments, including inflammations of the internal and external organs, is widely acknowledged.
The increased emphasis on sustainability and mounting environmental concerns have propelled the need for environmentally friendly materials such as coconut shell powder. Consumers and industries actively seek sustainable alternatives, contributing to the growth of this market. Moreover, ongoing research and technological advancements have improved the production processes of coconut shell powder, enhancing its quality, purity, and versatility. Innovations in grinding techniques and sieving processes have contributed to a finer and more uniform powder, expanding its potential uses.
As per ITA, it is anticipated that the construction sector in Nigeria will expand by 5.7% in 2022 and by 3.2% annually on average between 2022 and 2026. This is a rise from the 3.1% expansion observed in 2021. As the construction industry in the LAMEA region increasingly emphasizes sustainability and eco-friendly practices, there might be a greater interest in using natural and renewable materials like coconut shell powder. Hence, the large production of coconut and expanding construction propel the demand for the market.
The Brazil market dominated the LAMEA Coconut Shell Powder Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $12.6 Million by 2030. The Argentina market is showcasing a CAGR of 9.6% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 8.9% during (2023 - 2030).
Free Valuable Insights: The Worldwide Coconut Shell Powder Market is Projected 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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