Synthetic Camphor Market to Surpass a Valuation of US$ 194.3 Bn by 2032: ChemView Consulting

Synthetic Camphor Market Overview

According to a research survey conducted by ChemView Consulting, in 2022, the Global Synthetic Camphor Market was worth US$ 422.1 Mn and is expected to grow at a CAGR of 5.4% over the forecast period. The market is expected to hit US$ 714.2 Mn by 2032 end. From 2017–2021, when the market’s CAGR was 4.8%, the market underwent significant growth.

The Synthetic Camphor market is rapidly expanding due to the synthetic camphor market’s use of Camphor in drugs to treat minor colds, coughs, nasal congestion, and joint pain. In addition to these benefits, commonly used synthetic Camphor in skincare products is beneficial as it reduces skin redness and rashes and improves the appearance of skin by imparting numbness.

ChemView Consulting has analyzed that Synthetic Camphor seeks significant demand from the pharamacuticle industry, positively influencing the market growth. Increasing medicine production in regions such as the Middle East, Asia Pacific, and Latin America has risen dramatically in Synthetic Camphor demand.

The main factor contributing to increased Pharamacuticle production is Camphor, an active ingredient in OTC drugs. Its antibiotic and antifungal properties are responsible for its use as an over-the-counter medicine.

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Segments Covered in Report

Grade

  • Technical Grade Synthetic Camphor
  • Pharma Grade Synthetic Camphor

Application

  • Pharmaceuticals
  • Personal Care
  • Plasticizer
  • Flavour & Fragrance
  • Others

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Key Takeaways from the Synthetic Camphor Market

  • The Technical Grade segment dominates the global Synthetic Camphor market share based on the grade. The technical grade sub-segment is segmented into various materials. The main attribute for this growth is different industrial applications of synthetic Camphor, which can increase the fluidity and workability of polymers. Furthermore, it is used as a plasticizer.
  • Based on the application, the Pharmaceuticals segment will dominate at a significant CAGR from 2022 to 2032. Camphor is a natural ingredient in several medicinal products, particularly herbal and pharmaceutical cleaners, air fresheners, and dispersants. The demand for Camphor is increasing due to its applications in the production of synthetic Camphor, which has many advantages over natural Camphor.
  • Asia-Pacific is projected to dominate the Synthetic Camphor market with a market share of 8% during the forecast period due to high consumption from the region’s stringent end-use industries.

Competition Summary

Key companies covered in the market study are Xiamen Hisunny Chemical Co, Fujian Qingsong Co. Ltd., Mangalam Organics Limited, Suzhou Youhe Science and Technology Co., Ltd., Saptagir Camphor Limited, Wuzhou Huangpu Chemical Pharmaceutical Co, Ltd., Oriental Aromatics Limited, Kanchi Karpooram Limited, Taiwan Tekho Camphor Co., Ltd., Caesar & Loretz GmbH, Merck KGaA, Recochem Inc., Ltd, SkyRun  Industrial Co., Ltd, Shanghai Huayi Group Huayuan Chemical Co., Ltd., Fengchen Group Co., Ltd, Aldon Corporation, Prinova LLC, Teloonchem International Co., Limited,

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Report Key Highlights and Coverage

  • Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
  • Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
  • The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
  • Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
  • Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
  • Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
  • Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
  • Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
  • Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
  • Strategic market analysis, recommendations, and future headways on crucial winning strategies.

About ChemView Consulting

ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have been collaborating with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.

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