Global Pharma Grade Synthetic Camphor Market is on track for a phase of steady expansion and inventive leaps, exhibiting a 4.2% CAGR between 2022 and 2028

Pharma Grade Synthetic Camphor Market
Pharma Grade Synthetic Camphor Market

The pharmaceutical grade synthetic camphor market is anticipated to develop at a 4.2% CAGR from 2022 to 2028, reaching an estimated market value of US$ 532.0 million by 2028. The market is expected to reach US$ 415.4 million in 2022.

The pharmaceutical grade synthetic camphor market, which is important to the pharmaceutical and healthcare sectors, is expanding and innovating steadily. Pharmaceuticals have found many uses for synthetic camphor, which is obtained from turpentine oil or other natural sources. It is largely used as an active component in topical analgesics and cough suppressants. It is a common ingredient for many therapeutic goods because of its cooling qualities and minty fragrance.

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The increased demand for over-the-counter (OTC) medications, fueled by expanding healthcare awareness and a growing worldwide population, is one of the key factors driving the expansion of this industry. Beyond the pharmaceutical industry, synthetic camphor has a wide range of uses, including the production of polymers, food additives, and different industrial operations. This broad range of uses guarantees a steady demand for synthetic camphor of the pharmaceutical grade, supporting market expansion.

Moreover, the COVID-19 pandemic has underscored the importance of pharmaceuticals and the need for a robust supply chain. The pharmaceutical industry’s emphasis on quality and safety standards has resulted in a growing demand for pharma-grade synthetic camphor as a key ingredient in various essential medications and healthcare products.

In conclusion, the Pharma Grade Synthetic Camphor Market continues to thrive as an integral part of the pharmaceutical and healthcare sector. With increasing research and development efforts and a growing global population, this market is poised for sustained growth in the foreseeable future. Its applications in both pharmaceuticals and industrial sectors make it a versatile and indispensable component of the modern healthcare and manufacturing landscape.

Key Factors Driving the Market:

  1. Pharmaceutical Industry Growth: The pharmaceutical industry is a significant driver for the pharma-grade synthetic camphor market. Synthetic camphor is used in the production of various pharmaceutical products, such as ointments, creams, and inhalants.
  2. Increasing Demand for Over-the-Counter (OTC) Medicines: OTC medicines often contain synthetic camphor as an active ingredient for its pain-relieving and soothing properties. The growing demand for OTC remedies fuels the market.
  3. Changing Consumer Preferences: Consumers are increasingly seeking natural or plant-based alternatives in pharmaceutical products. While synthetic camphor is not natural, it is a close synthetic equivalent that can meet these preferences.
  4. Regional Growth: The market’s growth can vary by region due to differences in pharmaceutical manufacturing and healthcare preferences. Emerging markets with growing pharmaceutical industries may contribute to increased demand.
  5. Regulatory Compliance: Stringent regulatory requirements in the pharmaceutical industry ensure the quality and safety of medicinal products. Manufacturers of pharma-grade synthetic camphor must comply with these regulations, which can affect market dynamics.

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Key Companies Profiled:

  • 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

Pharma Grade Synthetic Camphor Market Segmentation – by Category:

By Formulation Type:

  • Topical
  • Inhalation

By Application:

  • Respiratory Disorders
  • Muscular Rheumatism
  • Counterirritant and Antipruritic
  • Others

By Distribution Channels:

  • Conventional B2B
    • Tenders
    • Direct Procurement
    • Wholesalers & Distributors
  • Online B2B
    • Internal Channel
    • External Channel

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APECJ
  • Japan
  • China
  • Middle East & Africa

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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