Camphor Market, by Product type (Capsules, Powder, and Oil), by Application (Pharmaceutical, Agriculture, Food, Chemicals, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018-2026

  • To Be Published : Jul 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Camphor (C10H16O) is a transparent solid obtained from the wood of camphor laurel tree. Camphor is flammable and has a strong aroma. It can be either obtained naturally from the tree or can be produced synthetically from oil of turpentine.

Market Dynamics

  • Camphor is commonly used in pain relief balms. Apart from its relaxing smell, it has various pharmaceutical uses such as it helps in increasing blood circulation, stimulating hormones, reducing osteoarthritis, digestion, skin care, and reduces congestion. Apart from pharmaceutical uses, camphor is also used in fragrances and insect repellants. These applications of camphor are useful for people in their day-to-day life. Therefore, the global camphor market is expected to witness growth during the forecast period.
  • However, excessive human exposure and intake of camphor can prove to be dangerous and fatal during extreme conditions. Contact of camphor with open wounds can cause poisoning. Few symptoms of camphor toxicity can be vomiting, nausea, burning of mouth, and throat.
  • According to the regulations by Indian Food and Drug Administration (FDA), camphor content in any products should not exceed 11%.
  • The U.S. Food and Drug Administration (FDA) banned use of camphor as an ingredient in medicines or any other edible item due to its addictive properties.

Market Outlook

  • Due to the numerous pharmaceutical uses of camphor in the treatment of arthritis, digestion, congestion, and other illnesses, the demand for the global camphor market is expected to grow during the forecast period.
  • Camphor trees are majorly located in Asian parts such as Sumatra and Borneo islands in Indonesia. Also, it is used in household and in pharmaceuticals in the Asia Pacific region on a large scale. Whereas, countries such as U.S. and South Africa have banned the use of camphor due to its addictive properties.
  • Therefore, Asia Pacific the global camphor market is expected to witness significant market share during the forecast period.

Key Players

  • Key players operating in the global camphor market include Oriental Aromas Ltd., Taiwan Tekho Camphor Co., Ltd, and HIYA INTERNATIONAL.

Market Taxonomy

On the basis of product type, the global camphor market is segmented into:

  • Capsule
  • Powder
  • Oil

On the basis of application, the global camphor market is segmented into:

  • Pharmaceutical
  • Agriculture
  • Food
  • Chemicals
  • Others

On the basis of region, the global camphor market is segmented into:

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Russia
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Middle East
    • GCC
    • Rest of Middle East
  • Africa
    • Northern Africa
    • Central Africa
    • South Africa

Research Methodology

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  • Primary Research (Trade Surveys and Experts Interviews)
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In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

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Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

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Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

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The primary research is conducted with the ecosystem players including, but not limited to:

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