Global Synthetic Camphor Market
Global Synthetic Camphor Market Report Description:
Global synthetic camphor market report gives comprehensive outlook on synthetic camphor across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report on global synthetic camphor market gives historical, current, and future market sizes (US$ Mn) on the basis of product type, application, and region. This report studies global synthetic camphor market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global synthetic camphor market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global synthetic camphor market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Key stakeholders of the global synthetic camphor market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global synthetic camphor products.
Global Synthetic Camphor Market:
The global synthetic camphor market estimated to be valued US$ XX Mn in 2018 and poised to grow at significant CAGR over 2019-2025. Some of the factors favouring the market growth are increasing demand for this market in countries such as China and India, extensive applications in pharmaceutical industry, rising rates of self-medication and growing disease rates of cold, nasal decongestants etc. However, high cost of raw material such as turpentine oil is hampering the growth of the market.
Growing Demand for Synthetic Camphor:
Synthetic camphor is extracted from turpentine oil, pharma-grade synthetic camphor has witnessed a rapid rise in applications in a variety of medical formulations, fine chemistry procedures, and hygiene products. Synthetic camphor is used extensively in many different industrial applications. Growing sales in the retail sector generate a higher rate of demand for pharma-grade synthetic camphor in the medical industry over the forecast period.
Asia Pacific Accounts for Larger Market Revenue Share in Global Synthetic Camphor Market
Asia Pacific accounted for larger revenue share in global Synthetic Camphor market with considerable CAGR. XX. Asia Pacific witnessed steady growth in the market and the growth of this region can be attributed due to the presence of large number of manufactures concentrated in China and India, advanced technologies and huge production base for producing synthetic camphor present in this region.
Key player’s profiles in the global synthetic camphor market include:
- Malligha Asafoetida
- Jadran Galenski Laboratorij
- Hiya International
- Fujian Green Pine
- Camphor & Allied Products
- Beijing Herbal Health Biotech
- Apt Exim
- Xiamen Hisunny Chemical Co., Ltd
Global synthetic camphor market is surging owing to frequent acquisitions and launchings by the market players.
Key Findings of the Report:
- Global synthetic camphor market expanding at significant CAGR over 2019 to 2025 owing to increasing demand from emerging countries.
- Based on application, food segment accounted for larger market revenue share in 2018 and projected gain market revenue share over the forecast period
- Players focusing on innovation of newer products and collaboration strategies to retain market position in global synthetic camphor market
By Product Type
- Oil Camphor
- Tablets Camphor
- Powder Camphor
- Rest of Europe
- Australia & New Zealand
- ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
- South Korea
- Rest of Asia-Pacific
- Rest of Latin America
Middle East and Africa (MEA)
- Gulf Cooperation Council (GCC) Countries
- South Africa
- Rest of MEA
Key Features of the Report:
- The report provides granular level information about the market size, regional market share, historic market (2014-2018) and forecast (2019-2025)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market