Camphor Market Dynamics, Outlook, Developments, Taxonomy, Players, Opportunity Analysis, 2022-2028

 

                                                              Camphor Market 

Camphor (C10H16O) is a translucent solid derivBulk Chemicalsed from the wood of the camphor laurel tree. Camphor is combustible and has a strong odour. It can be obtained naturally from the tree or synthesised from turpentine oil.

Camphor is frequently used in pain relieving balms. Besides its calming aroma, it has a variety of therapeutic applications, including aiding in blood circulation, boosting hormones, lowering osteoarthritis, digestion, skin care, and relieving congestion. Camphor is utilised in fragrances and insect repellants in addition to therapeutic applications. These camphor applications are beneficial to people in their daily lives. As a result, the worldwide Camphor Market is likely to expand throughout the forecast period. However, excessive human exposure to and consumption of camphor can be harmful and lethal in extreme settings. Camphor poisoning can occur when it comes into contact with exposed wounds. Camphor poisoning symptoms include vomiting, nausea, and mouth and throat burning. According to Indian Food and Drug Administration regulations Camphor level in any product should not exceed 11%, according to the Food and Drug Administration. Because of its addictive properties, the Food and Drug Administration (FDA) of the United States prohibited the use of camphor as an ingredient in pharmaceuticals or any other edible item.

The global camphor market is likely to increase during the forecast period due to the multiple pharmacological uses of camphor in the treatment of arthritis, digestion, congestion, and other disorders. Camphor trees are mostly found in Asia, particularly on the Indonesian islands of Sumatra and Borneo. It is also widely utilised in household products and medications in the Asia Pacific region. Countries such as the United States and South Africa, on the other hand, have outlawed the use of camphor due to its addictive tendencies. As a result, Asia Pacific's share of the worldwide Camphor Market is predicted to grow significantly throughout the forecast period.

To obtain market dominance in the global Camphor Market, key competitors are pursuing inorganic growth tactics such as merger and acquisition and new product launches. Camphor & Allied Products Ltd, for example, combined with Oriental Aromatics Limited in 2016 to extend its product line in the camphor industry. Oriental Aromatics Limited is a company that manufactures flavour and perfumes in India and around the world. Perfumes from the company can be found in soaps, fine fragrances, candles, incense sticks, floor cleaners, and mosquito gels. Oriental Aromas Ltd hopes to strengthen its position in the flavour and fragrances sector with this transaction.

 Palm Organix Company announced the launch of their new product, 'Zero THC CBD Lotion w/ Camphor,' in the skincare line in New Jersey in September 2019. The lotion contains 200 mg of pure Phytocannabinoid Rich Hemp oil, menthol, aromatic oils, and Camphor oil. The CBD-camphor combo focuses on pain alleviation from aches, itching and bruises, pains, and irritation.

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


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