The synthetic camphor market is estimated to witness considerable growth in the upcoming years due to increase in the applications of synthetic camphor in various industrial sectors
PUNE, India, Aug. 24, 2020 /PRNewswire/ -- A latest report published by Research Dive on the Global Synthetic Camphor Market sheds light on the current outlook and future growth of the market. As per the report, the global synthetic camphor market is expected to garner $448.1 million by growing at a CAGR of 5.9% from 2019 to 2027. This report is drafted by market experts by evaluating all the important aspects of the market. It is a perfect source of information and statistics for new entrants, market players, shareholders, stakeholders, investors, etc.
The report includes:
- A summary of the market with its definition, advantages, and application areas.
- Detailed insights on market position, dynamics, statistics, growth rate, revenues, market shares, and future predictions.
- Key market segments, boomers, restraints, and investment opportunities.
- Present situation of the global as well as regional market from the viewpoint of companies, countries, and end industries.
- Information on leading companies, current market trends and developments, Porter Five Analysis, and top winning business strategies.
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Factors Impacting the Market Growth:
As per the report, the growing usage of pharma-grade synthetic camphor in the making of OTC drugs is hugely contributing to the growth of the global synthetic camphor market. Moreover, the growing demand for OTC drugs due to their use in the treatment of minor cold, cough, joint pain, and nasal congestion is boosting the market growth.
Segment Analysis:
The report segments the synthetic camphor market into grade and application.
By grade, the report further categorizes the market into:
- Technical grade
- Pharma grade
Among these, the technical grade segment is expected to dominate the market by garnering a revenue of $76.9 million by 2027. This is mainly due to varied uses of synthetic camphor in various industrial applications including plasticizer, flavor & fragrance, and paint & coating industry.
Based on application, the report further classifies the market into:
- Pharmaceuticals
- Personal Care
- Plasticizer
- Paints & Coatings
- Flavor & Fragrances
- Others
Among these, the flavor & fragrance segment is expected to lead the market by seizing a major market share in the forecast period. This is mainly due to various applications of synthetic camphor in the food and beverages industry for enhancing aroma and flavor.
Download Impact Analysis Report of COVID-19 on Global Synthetic Camphor Market at https://www.researchdive.com/connect-to-analyst/343
Regional Analysis:
The report states the scenario of the global synthetic camphor market across several regions including:
- Europe
- Asia Pacific
- LAMEA
- North America
Among these, the Asia-Pacific region is estimated to dominate the market growth by garnering a revenue of $128.9 million by 2027. This is mainly because of the high production rate of synthetic camphor in this region.
Top 10 Market Players and Business Strategies:
The report offers a list of global key players in the synthetic camphor market and discloses some of their strategies and developments. The key players profiled in the report are:
1. Nagase & Co. Ltd.
2. Wuzhou Huangpu Chemical Pharmaceutical Co. Ltd.
3. Mangalam Organics Limited
4. Saptagir Camphor Limited
5. Aldon Corporation
6. Kanchi Karpooram Limited
7. Skyrun Industrial Co. Ltd.
8. Spectrum Laboratory Products Inc.
9. Taiwan Tekho Camphor Co. Ltd.
10. Oriental Aromatics Limited
These players are hugely contributing to the growth of the market by undertaking activities such as new developments, mergers and acquisitions, geographical expansions, and many more. - Download Top Companies Development Strategies Summary Report [75 pages]
Our market analysts have made use of numerous tools, methodologies, and research techniques to get clear insights of the global synthetic camphor market. Additionally, we strive to deliver a customized report to fulfill special requirements of our clients, on demand.
More about Synthetic Camphor:
Synthetic Camphor Market on the Verge of a Huge Profit due to the Increasing Demand
Growing Usage Of Synthetic Camphor In Several Industrial Areas To Boost The Global Synthetic Camphor Market Growth
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About Research Dive
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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