Global Synthetic Camphor Market Size study, by Formulation Type (Topical, Inhalation) by Distribution Channel (Conventional B2B, Online B2B) by Application (Respiratory Disorders, Muscular Rheumatism, Counterirritant and Antipruritic, Others) and Regional Forecasts 2022-2028Global Synthetic Camphor Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. Synthetic camphor is extracted from Alpha-Pinene of Turpentine. The raw material is oleo pine resin, extracted from pine trees. From this comes turpentine, and from this comes alpha pinene which is used to make synthetic camphor. Synthetic camphor or camphor has wide variety of beneficial properties for human health. Growing prevalence of respiratory disease and rising end use application of synthetic camphor are key drivers for the growth of Synthetic Camphor market. For instance, according to The Office of Disease Prevention and Health Promotion (ODPHP), USA as of 2020 more than 25 million people in the United States are suffering from asthma and approximately 14.8 million adults have been diagnosed with chronic obstructive pulmonary disease (COPD)and annual health care expenditures for asthma alone are estimated at USD 20.7 billion. Also, with rising pharmaceuticals industry in emerging economies, the adoption & demand for Synthetic Camphor is likely to increase the market growth during the forecast period. However, high cost of research and development activities impedes the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Synthetic Camphor market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to growing trend of self-medication with OTC products in the region. Whereas, Asia-Pacific is anticipated to exhibit highest growth rate over the forecast period 2022-2028. Factors such as growing prevalence of respiratory diseases and growing pharmaceutical industry in the region would create lucrative growth prospects for the Synthetic Camphor market across Asia-Pacific region.
Major market player included in this report are:
Merck KGaA,
Oriental Aromatics Limited,
Saptagir Camphor Limited,
Mangalam Organics Limited,
Nippon Fine Chemical Co., Ltd.,
Rochem International, Inc.,
Spectrum Chemical Mfg. Corp.,
Aldon Corporation
Prinova Group LLC. and
Fengchen Group Co., Ltd
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Formulation Type:
Topical
Inhalation
By Distribution Channel:
Conventional B2B
Online B2B
By Application:
Respiratory Disorders
Muscular Rheumatism
Counterirritant and Antipruritic
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period - 2022 to 2028
Target Audience of the Global Synthetic Camphor Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Companies Mentioned
Merck KGaA,
Oriental Aromatics Limited,
Saptagir Camphor Limited,
Mangalam Organics Limited,
Nippon Fine Chemical Co., Ltd.,
Rochem International, Inc.,
Spectrum Chemical Mfg. Corp.,
Aldon Corporation
Prinova Group LLC. and
Fengchen Group Co., Ltd