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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Synthetic Camphor Market: By Product Type, By Application, and Geography
Synthetic Camphor Market: By Product Type, By Application, and Geography
Synthetic Camphor Market size was valued at US$ 388.7 million in 2022 and is poised to grow at a CAGR of 5.9% from 2023-2029. 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. In the pharmaceutical industry, synthetic camphor is used to treat a variety of ailments, including respiratory diseases, arthritis, and minor colds and coughs. In the future years, the pharmaceutical industry's steady growth is likely to generate numerous chances in the worldwide synthetic camphor market. However, high cost of raw material such as turpentine oil is hampering the growth of the market. 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).
Study Period
2024-2030Base Year
2023CAGR
5.9%Largest Market
North-AmericaFastest Growing Market
Asia-Pacific
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 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.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 388.7 million |
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Market CAGR |
5.9% |
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By Product Type |
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By Application |
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The synthetic camphor market size was valued at US$ 388.7 million in 2022
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
The synthetic camphor market key players are Recochem, Malligha Asafoetida, Jadran Galenski Laboratorij, Hiya International, Fujian Green Pine, Camphor & Allied Products
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.