The global synthetic camphor market is envisioned to garner $395.1 million by 2021, growing from $700.9 million in 2031 at a CAGR of 6.0 % from 2022 to 2031.
Camphor tree extracts are frequently used to make organic camphor. A chemical mixture is used to create synthetic camphor and is widely used in different day-to-day products such as paints, cosmetics, and plastics. Synthetic camphor is the simplest member of a group of organic chemicals and is biodegradable and water-soluble. It has environmental benefits.
An increase in demand for camphor-containing anti-bacterial and anti-fungal treatments is expected to propel the camphor market ahead. Furthermore, the rise in use of solid camphor (as disposable tablets) for religious rites in numerous Asia-Pacific regions is expected to drive camphor market growth. Furthermore, camphor is utilized in the production of cellulose nitrate, polyvinyl chloride, and polymers. It can even be used as a medication, antiseptic, and insecticide. It will be utilized in smokeless powder as a stabilizer and moderator to improve ballistic qualities. Camphor tree oil is made out of camphor, a white crystalline powder with a distinctive penetrating, strong, and aromatic odor.
Furthermore, adverse consequences of camphor, such as eating or breathing it, can cause dyspnea, seizures, and even death. Furthermore, volatility in camphor prices for various applications limits the market growth.
On the contrary, advancements in the usage of camphor for various health-related conditions such as joint therapy, cough infections, and skin disorders are anticipated to provide lucrative opportunities. Pharmaceuticals offer opportunities for the global camphor industry. Furthermore, the use of camphor in conjunction with essential oils to create light fresh cannabidiol (CBD) lotions creates new opportunities for the camphor market.
The COVID-19 pandemic brought several uncertainties, leading to severe economic losses as various businesses across the world were at a standstill. There were import-export restrictions laid down on major synthetic camphor producing countries such as India and China, which imposed significant challenges on the market. The Indian government has made various significant efforts to stimulate the chemical industry, including the economic stimulus package and the Production Linked Incentive (PLI) Scheme.
The key players profiled in this report include Kanchi Karpooram Limited, Mangalam Organics Limited, Oriental Aromatics Limited, Aldon Corporation, Saptagir Camphor Limited, Nagase & Co. Ltd., Skyrun Industrial Co. Ltd., Spectrum Laboratory Products Inc., Wuzhou Huangpu Chemical Pharmaceutical Co. Ltd., Taiwan Tekho Camphor Co. Ltd., and others.
Camphor tree extracts are frequently used to make organic camphor. A chemical mixture is used to create synthetic camphor and is widely used in different day-to-day products such as paints, cosmetics, and plastics. Synthetic camphor is the simplest member of a group of organic chemicals and is biodegradable and water-soluble. It has environmental benefits.
An increase in demand for camphor-containing anti-bacterial and anti-fungal treatments is expected to propel the camphor market ahead. Furthermore, the rise in use of solid camphor (as disposable tablets) for religious rites in numerous Asia-Pacific regions is expected to drive camphor market growth. Furthermore, camphor is utilized in the production of cellulose nitrate, polyvinyl chloride, and polymers. It can even be used as a medication, antiseptic, and insecticide. It will be utilized in smokeless powder as a stabilizer and moderator to improve ballistic qualities. Camphor tree oil is made out of camphor, a white crystalline powder with a distinctive penetrating, strong, and aromatic odor.
Furthermore, adverse consequences of camphor, such as eating or breathing it, can cause dyspnea, seizures, and even death. Furthermore, volatility in camphor prices for various applications limits the market growth.
On the contrary, advancements in the usage of camphor for various health-related conditions such as joint therapy, cough infections, and skin disorders are anticipated to provide lucrative opportunities. Pharmaceuticals offer opportunities for the global camphor industry. Furthermore, the use of camphor in conjunction with essential oils to create light fresh cannabidiol (CBD) lotions creates new opportunities for the camphor market.
The COVID-19 pandemic brought several uncertainties, leading to severe economic losses as various businesses across the world were at a standstill. There were import-export restrictions laid down on major synthetic camphor producing countries such as India and China, which imposed significant challenges on the market. The Indian government has made various significant efforts to stimulate the chemical industry, including the economic stimulus package and the Production Linked Incentive (PLI) Scheme.
The key players profiled in this report include Kanchi Karpooram Limited, Mangalam Organics Limited, Oriental Aromatics Limited, Aldon Corporation, Saptagir Camphor Limited, Nagase & Co. Ltd., Skyrun Industrial Co. Ltd., Spectrum Laboratory Products Inc., Wuzhou Huangpu Chemical Pharmaceutical Co. Ltd., Taiwan Tekho Camphor Co. Ltd., and others.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the synthetic camphor market analysis from 2021 to 2031 to identify the prevailing synthetic camphor 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 synthetic camphor 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 synthetic camphor market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Grade
- Pharma Grade
- Technical Grade
By Application
- Pharmaceuticals
- Personal Care
- Plasticizer
- Paints and Coatings
- Flavour and Fragrances
- Others
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest Of Asia Pacific
- LAMEA
- Brazil
- Saudi Arabia
- UAE
- South Africa
- Rest of LAMEA
Key Market Players
- Mangalam Organics Limited
- SAPTAGIR CAMPHOR LIMITED
- Oriental Aromatics Limited
- KANCHI KARPOORAM LIMITED
- Wuzhou Huangpu Chemical Pharmaceutical Co, Ltd.
- Taiwan Tekho Camphor Co., Ltd.
- Rochem International Inc.
- Shanghai Huayi Group Huayuan Chemical Co., Ltd.
- Caesar & Loretz GmbH
- aldon corporation
Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Regulatory Guidelines
3.8. Value Chain Analysis
3.9. Market Share Analysis
3.10. Key Regulation Analysis
3.11. Patent Landscape
CHAPTER 4: SYNTHETIC CAMPHOR MARKET, BY GRADE
4.1 Overview
4.1.1 Market size and forecast
4.2 Pharma Grade
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Technical Grade
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
CHAPTER 5: SYNTHETIC CAMPHOR MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 Pharmaceuticals
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Personal Care
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Plasticizer
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Paints and Coatings
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
5.6 Flavour and Fragrances
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market analysis by country
5.7 Others
5.7.1 Key market trends, growth factors and opportunities
5.7.2 Market size and forecast, by region
5.7.3 Market analysis by country
CHAPTER 6: SYNTHETIC CAMPHOR MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Grade
6.2.3 North America Market size and forecast, by Application
6.2.4 North America Market size and forecast, by country
6.2.4.1 U. S.
6.2.4.1.1 Market size and forecast, by Grade
6.2.4.1.2 Market size and forecast, by Application
6.2.4.2 Canada
6.2.4.2.1 Market size and forecast, by Grade
6.2.4.2.2 Market size and forecast, by Application
6.2.4.3 Mexico
6.2.4.3.1 Market size and forecast, by Grade
6.2.4.3.2 Market size and forecast, by Application
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Grade
6.3.3 Europe Market size and forecast, by Application
6.3.4 Europe Market size and forecast, by country
6.3.4.1 Germany
6.3.4.1.1 Market size and forecast, by Grade
6.3.4.1.2 Market size and forecast, by Application
6.3.4.2 United Kingdom
6.3.4.2.1 Market size and forecast, by Grade
6.3.4.2.2 Market size and forecast, by Application
6.3.4.3 France
6.3.4.3.1 Market size and forecast, by Grade
6.3.4.3.2 Market size and forecast, by Application
6.3.4.4 Spain
6.3.4.4.1 Market size and forecast, by Grade
6.3.4.4.2 Market size and forecast, by Application
6.3.4.5 Italy
6.3.4.5.1 Market size and forecast, by Grade
6.3.4.5.2 Market size and forecast, by Application
6.3.4.6 Rest of Europe
6.3.4.6.1 Market size and forecast, by Grade
6.3.4.6.2 Market size and forecast, by Application
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Grade
6.4.3 Asia-Pacific Market size and forecast, by Application
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Market size and forecast, by Grade
6.4.4.1.2 Market size and forecast, by Application
6.4.4.2 Japan
6.4.4.2.1 Market size and forecast, by Grade
6.4.4.2.2 Market size and forecast, by Application
6.4.4.3 India
6.4.4.3.1 Market size and forecast, by Grade
6.4.4.3.2 Market size and forecast, by Application
6.4.4.4 South Korea
6.4.4.4.1 Market size and forecast, by Grade
6.4.4.4.2 Market size and forecast, by Application
6.4.4.5 Australia
6.4.4.5.1 Market size and forecast, by Grade
6.4.4.5.2 Market size and forecast, by Application
6.4.4.6 Rest Of Asia Pacific
6.4.4.6.1 Market size and forecast, by Grade
6.4.4.6.2 Market size and forecast, by Application
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Grade
6.5.3 LAMEA Market size and forecast, by Application
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Brazil
6.5.4.1.1 Market size and forecast, by Grade
6.5.4.1.2 Market size and forecast, by Application
6.5.4.2 Saudi Arabia
6.5.4.2.1 Market size and forecast, by Grade
6.5.4.2.2 Market size and forecast, by Application
6.5.4.3 UAE
6.5.4.3.1 Market size and forecast, by Grade
6.5.4.3.2 Market size and forecast, by Application
6.5.4.4 South Africa
6.5.4.4.1 Market size and forecast, by Grade
6.5.4.4.2 Market size and forecast, by Application
6.5.4.5 Rest of LAMEA
6.5.4.5.1 Market size and forecast, by Grade
6.5.4.5.2 Market size and forecast, by Application
CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Players
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments
CHAPTER 8: COMPANY PROFILES
8.1 Mangalam Organics Limited
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 SAPTAGIR CAMPHOR LIMITED
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 Oriental Aromatics Limited
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 KANCHI KARPOORAM LIMITED
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 Wuzhou Huangpu Chemical Pharmaceutical Co, Ltd.
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 Taiwan Tekho Camphor Co., Ltd.
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 Rochem International Inc.
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 Shanghai Huayi Group Huayuan Chemical Co., Ltd.
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 Caesar & Loretz GmbH
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 aldon corporation
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
Executive Summary
According to this report, titled, 'Synthetic Camphor Market,' the synthetic camphor market size was valued at $395.10 million in 2021, and is estimated to reach $700.9 million by 2031, growing at a CAGR of 6% from 2022 to 2031.Camphor (Cinnamomum camphora) is an organic chemical (terpene) that is often used in creams, ointments, and lotions. Camphor oil is an oil obtained by steam distillation from the wood of camphor trees. It can be applied topically to treat pain, itch, and irritation. Furthermore, camphor is used to treat chest congestion and inflammation. It has a strong odor and flavor, and it absorbs quickly into the skin. Camphor is currently manufactured from turpentine, however, it is still safe to use if used carefully. Owing to the abovementioned factor, the global synthetic camphor market is likely to show significant growth in the upcoming years.
However, some of the limitations of synthetic camphor include its certain unfavorable properties. Synthetic camphor is highly flammable and toxic, so its exposure can cause eye damage that can cause blindness by impacting the optic nerve. In addition, high exposure to this toxic fuel is known to cause damage to the central nervous system that can be fatal in the long run.
The global synthetic camphor market forecast is expected to benefit from rising in pharmaceutical industry demand.
The pharmaceutical industry is expanding as medical issues develop. An increase in the use of synthetic camphor in the pharmaceutical sector to treat respiratory diseases, moderate joint symptoms caused by arthritis, and mild cold & cough has propelled the usage of synthetic camphor. As a result, the rise in the pharmaceutical end-use industry is expected to serve as an opportunity in the global market. These factors are anticipated to boost market growth in the upcoming years.
The global synthetic camphor market share is based on grade, application, and region. By grade, the market is sub-segmented into pharma grade and technical grade. By application, the market is classified into pharmaceutical, personal care, plasticizer, paints & coatings, flavor & fragrances, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the synthetic camphor market report include Kanchi Karpooram Limited, Mangalam Organics Limited, Oriental Aromatics Limited, Aldon Corporation, Saptagir Camphor Limited, Nagase & Co. Ltd., Skyrun Industrial Co. Ltd., Spectrum Laboratory Products Inc., Wuzhou Huangpu Chemical Pharmaceutical Co. Ltd., Taiwan Tekho Camphor Co. Ltd., and others.
The report offers a comprehensive analysis of the global synthetic camphor market trends by thoroughly studying different aspects of the market including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working toward the growth of the market. Furthermore, report sheds light on the present scenario and upcoming trends & developments that are contributing to the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are profiled in the report along with Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and the emergence of substitutes in the market.
Impact of Covid-19 on the Global Synthetic Camphor Industry
Sales of synthetic camphor are directly proportional to the demand for chemicals, pharmaceuticals, plastic appliances, and the chemicals industry. However, various sectors, such as chemicals, construction, and automotives were negatively impacted by the COVID-19 pandemic that has affected the production and demand for synthetic camphor due to disrupted supply chain.Due to COVID-19, there were import-export restrictions, lockdowns imposed across several countries, a labor shortage, and the closure of nearly all companies that made synthetic camphor companies to a standstill position. Additionally, there was a slowdown in market demand due to consumer apprehension over contracting the novel coronavirus further hampering the synthetic camphor market analysis.
Social distancing norms closed borders, and production constraints, due to the pandemic, across various countries such as China, India, and the U.S. have affected the global market.
Key Findings of the Study
Based on grade, the pharma grade sub-segment emerged as the global leader in 2021 and is predicted to be dominating in the market.Based on application, the pharmaceutical sub-segment emerged as the global leader in 2021 and is anticipated to be dominating in the market, while the pharmaceutical sub-segment is predicted to show the fastest growth in the upcoming years.
Based on region, the Asia Pacific market registered the highest market share in 2021 and the Asia-Pacific market is expected to be the fastest growing during the forecast period.
Companies Mentioned
- Mangalam Organics Limited
- Saptagir Camphor Limited
- Oriental Aromatics Limited
- Kanchi Karpooram Limited
- Wuzhou Huangpu Chemical Pharmaceutical Co, Ltd.
- Taiwan Tekho Camphor Co. Ltd.
- Rochem International Inc.
- Shanghai Huayi Group Huayuan Chemical Co. Ltd.
- Caesar & Loretz GmbH
- Aldon Corporation
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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