Introduction

The global sales for synthetic camphor witnessed a minor slowdown in the Covid-19 crisis as all the factories were closed and supply of only basic necessity goods was permitted. Since the lockdown has been lifted up to improve economic conditions, the manufacturing companies are trying hard to gain traction and attract customers globally through innovative launches and technological upliftments in 2021.

Attributes Details
Estimated Market Value (2022) USD 405.36 Million
Projected Market Revenue (2032) USD 719.12 Million
Value-based Market CAGR (2022 to 2032) 5.9%

Major manufacturing companies including Fujian Qingsong Co. Ltd., Mangalam Organics Limited, Suzhou Youhe Science and Technology Co., Ltd., Saptagir Camphor Limited, Oriental Aromatics Limited, Wuzhou Huangpu Chemical Pharmaceutical Co, Ltd., Kanchi Karpooram Limited, Taiwan Tekho Camphor Co., Ltd., Caesar & Loretz GmbH, and others are investing in the establishment of a strong distribution network to remain competitive in the market.

Adoption of business strategies like research and developments, new product launches, product approvals, patents and events, joint ventures, product innovations, partnership agreements, collaborations, digital marketing, mergers and acquisitions etc continues to be on the prime attention of leading players to emerge as a recognized and profitable business firm. Almost all key players are following these strategies.

For instance, Merck, a leading manufacturer of synthetic camphor, announced the addition of a single use assembly unit at its Life Science Center in Molsheim, France. The company has invested € 25 million and is focusing on accelerating its plans to expand in Europe. The further production sites are going to be located in Danvers, Massachusetts, USA, and Wuxi, China.

In addition to this, in February 2021, Merck announced its partnership with BioSTL to advance the bioscience and innovation ecosystem. The partnership is aimed to help the local bioscience startups in growing their businesses under the guidance of Merck employees who will serve as mentors. The partnership will further help in promoting diversity, strengthening science, technology, engineering and math (STEM) education and employment opportunities for women and underserved communities.

In terms of growth of the market, the North American region is anticipated to stay ahead at a promising rate during the forecast period owing to increasing production of camphor contained products. China is expected to witness growth because of the increasing number of pharma grade synthetic camphor manufacturers. Manufacturers are focusing to expand in the Asia Pacific region mainly because of the increased government spendings in the developing nations.

Synthetic camphor is conventionally prepared from the extracts of the camphor tree. While the one produced using chemical synthesis is known as synthetic camphor. One of the most important raw material employed in the manufacturing of synthetic camphor is turpentine oil. Synthetic camphor involves two grades of products solely differentiated in the terms of its purity.

While the technical grade synthetic camphor is less than 98% pure and used as a plasticizer, as an insecticide ingredient or in the production of personal care products. Pharma grade synthetic camphor is a high purity product involving more than 98% synthetic camphor and used in manufacturing inhalants (such as nasal decongestants) and topical products (such as muscle rub ointments). Owing to its toxicity, synthetic camphor is not recommended to be administered orally.

Pharmaceutical grade synthetic camphor is estimated to hold a significant share in the overall synthetic camphor market while the technical grade synthetic camphor is expected to expand at a relatively faster rate.

The global market for synthetic camphor is estimated to be valued at USD 405.36 Million by the end of 2022 and is expected to reach a market value of USD 719.12 Million by the end of 2032, expanding at a CAGR of 5.9% over the forecast period. The global market is anticipated to represent incremental opportunity worth USD 313.7 Million between 2022 and 2032.

Global Synthetic Camphor Market Is Anticipated to Register Significant Growth over the Forecast Period

Synthetic camphor is used in production of insecticides such as moth repellants and mosquito repellants. With the rising awareness around the air purifying properties of synthetic camphor, the demand for synthetic camphor powder has seen an upsurge from the downstream producers of synthetic camphor tablets. Few manufacturers are also noted to offer synthetic camphor powder as well as tablets in addition to offering the two aforementioned grades of synthetic camphor.

The increasing scope of applications of plastics has also proven to act in the favor of synthetic camphor as it is employed as a plasticizer in the production of celluloid and PVC plastics. Synthetic camphor formulations are also noted to be helpful in several health ailments. Though it is not approved for the oral route of administration due to its toxicity, synthetic camphor is widely used in the production of inhalant and topical drug formulations.

Being classified as non-prescription drugs and OTC (Over The Counter) sales augment the growth of such products and have an indirect but significant impact on the synthetic camphor market, raising its demand around the world.

The Production of Synthetic Camphor Is Intensified In Countries Such As China and India While the Demand for Synthetic Camphor Is High Around the World

From a regional perspective, the production of synthetic camphor is dominated by the manufacturers based in India and China. With large production capacities and advanced technologies producing synthetic camphor of high quality turns out to be economical in such countries. With the low labor cost and availability of area, set up costs of a manufacturing unit is also noted to be economical.

In terms of consumption, the end users of synthetic camphor are dependent on the international trade policies as the prominent manufacturers export their synthetic camphor to the end users based in the countries around the world, mainly Europe and North America.

With the intense scrutiny by the environmental and health authorities over the oral administration of synthetic camphor, its non-toxicity as an inhalant and topical rub ointment helps drive its sales to the pharmaceutical industry. Acts such as EU Medicines Directive 2001/83/EU of the European Union, 21 CFR 341.85 of the US FDA, among others have approved the OTC sales of synthetic camphor containing products. This is likely to have a significant impact on the synthetic camphor market, thereby creating opportunities throughout the forecast period.

Consolidation in the synthetic camphor market universe positions the producers to hold a near monopoly relating to prices and has in turn negatively impacted the pricing of synthetic camphor in the recent past.

The global synthetic camphor market is witnessing shutdown of few manufacturing units due to the intense competition in the chemical industry in Asia Pacific. Another contributing factor to this is that the prices for raw material such as turpentine oil has increased in the recent past. With synthetic camphor market being a very cost sensitive market, the producers with insufficient funds or debt chose to make an exit from the market.

With the existence of supply demand gap, the existing synthetic camphor manufacturers are noted to be striving to satisfy the demand. It is also noted that the market for synthetic camphor is at a stage where any further disruption from these manufacturers in the throughput of synthetic camphor disturbs the whole value chain.

Key Trends

The cost of synthetic camphor during the fiscal year 2017 to 18 has plunged suddenly and with a hike of over 60% as compared to the year before. The abrupt rise in the prices of synthetic camphor while the cost of its raw material has remained stable is due to the supply shortage of synthetic camphor in the market. As a counteraction to this, several market participants are focused towards ramping up their production capacities.

These manufacturers are involved in exporting their products and are channelizing their efforts towards establishing channel partners in their respective target markets. One of the key synthetic camphor manufacturer, Kanchi Karpooram Limited, is noted to be in the final stages of expansion of its facility in India, awaiting environmental clearances. Once approved, the company will be able to double its synthetic camphor production and accelerate its revenue growth.

Key Players

Some of the players reported in this study include Fujian Qingsong Co. Ltd., Mangalam Organics Limited, Suzhou Youhe Science and Technology Co., Ltd., Saptagir Camphor Limited, Oriental Aromatics Limited, Wuzhou Huangpu Chemical Pharmaceutical Co, Ltd., Kanchi Karpooram Limited, Taiwan Tekho Camphor Co., Ltd., Caesar & Loretz GmbH, Merck KGaA, Recochem Inc., Xiamen Hisunny Chemical Co., Ltd, SkyRun  Industrial Co., Ltd, Shanghai Huayi Group Huayuan Chemical Co., Ltd., Fengchen Group Co., Ltd, Aldon Corporation, Prinova LLC, Teloonchem International Co., Limited, among others.

Synthetic camphor Market: Segmentation

Grade:

  • Technical Grade Synthetic Camphor
  • Pharma Grade Synthetic Camphor

Application:

  • Pharmaceuticals
  • Personal Care
  • Plasticizer
  • Flavour & Fragrance
  • Others

Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

Table of Content

  • 1. Executive Summary
  • 2. Market Overview
  • 3. Market Overview
  • 4. Forecast Factors: Relevance and Impact
  • 5. Global Synthetic Camphor Market Demand Analysis 2018 to 2021 and Forecast, 2022 to 2032
  • 6. Global Synthetic Camphor Market Analysis 2018 to 2021 and Forecast 2022 to 2032, By Grade
    • 6.1. Pharma Grade
    • 6.2. Technical Grade
  • 7. Global Synthetic Camphor Market Analysis 2018 to 2021 and Forecast 2022 to 2032, By Application
    • 7.1. Pharmaceuticals
    • 7.2. Personal Care
    • 7.3. Plasticizer
    • 7.4. Paints & Coatings
    • 7.5. Flavour & Fragrances
    • 7.6. Others
  • 8. Global Synthetic Camphor Market Analysis 2018 to 2021 and Forecast 2022 to 2032, by Region
    • 8.1. North America
    • 8.2. Latin America
    • 8.3. Europe
    • 8.4. Middle East and Africa (MEA)
    • 8.5. East Asia
    • 8.6. South Asia
    • 8.7. Oceania
  • 9. North America Synthetic Camphor Market Analysis 2018 to 2021 and Forecast 2022 to 2032
  • 10. Latin America Synthetic Camphor Market Analysis 2018 to 2021 and Forecast 2022 to 2032
  • 11. Europe Synthetic Camphor Market Analysis 2018 to 2021 and Forecast 2022 to 2032
  • 12. South Asia Synthetic Camphor Market Analysis 2018 to 2021 and Forecast 2022 to 2032
  • 13. East Asia Synthetic Camphor Market Analysis 2018 to 2021 and Forecast 2022 to 2032
  • 14. Oceania Synthetic Camphor Market Analysis 2018 to 2021 and Forecast 2022 to 2032
  • 15. Middle East and Africa Synthetic Camphor Market Analysis 2018 to 2021 and Forecast 2022 to 2032
  • 16. Emerging Countries Synthetic Camphor Market Analysis 2018 to 2021 and Forecast 2022 to 2032
  • 17. Competition Landscape
    • 17.1. Fujian Qingsong Co., Ltd
    • 17.2. Mangalam Organics Limited
    • 17.3. Shanghai Huayi Group Huayuan Chemical Co., Ltd.
    • 17.4. Suzhou Youhe Science and Technology Co., Ltd.
    • 17.5. Saptagir Camphor Limited
    • 17.6. Oriental Aromatics Limited
    • 17.7. Wuzhou Huangpu Chemical Pharmaceutical Co, Ltd.
    • 17.8. Kanchi Karopooram Limited
    • 17.9. Taiwan Tekho Camphor Co., Ltd.
    • 17.10. Caesar & Loretz GmbH
    • 17.11. Merck KGaA
    • 17.12. Recochem Inc.
    • 17.13. Xiamen Hisunny Chemical Co., Ltd
    • 17.14. SkyRun Industrial Co., Ltd
    • 17.15. Fengchen Group Co., Ltd.
    • 17.16. Aldon Corporation
    • 17.17. Prinova Group LLC
    • 17.18. Teloonchem International Co., Limited
  • 18. Assumptions and Acronyms Used
  • 19. Research Methodology

List of Tables

Table 01: Global Synthetic Camphor Market Value (US$ Mn) and Volume (Tons) by grade, 2013–2028

Table 02: Global Synthetic Camphor Market Value (US$ Mn) and Volume (Tons) by Application, 2013–2028

Table 03: Global Synthetic Camphor Market Value (US$ Mn) and Volume (Tons) by Region, 2013–2028

Table 04: North America Synthetic Camphor Market Value (US$ Mn) and Volume (Tons) by Synthetic Camphor, 2013–2028

Table 05: North America Synthetic Camphor Market Value (US$ Mn) and Volume (Tons) by Grade, 2013–2028

Table 06: North America Synthetic Camphor Market Value (US$ Mn) and Volume (Tons) by Application, 2013–2028

Table 07: Latin America Synthetic Camphor Market Value (US$ Mn) and Volume (Tons) by Synthetic Camphor, 2013–2028

Table 08: Latin America Synthetic Camphor Market Value (US$ Mn) and Volume (Tons) by Grade , 2013–2028

Table 09: Latin America Synthetic Camphor Market Value (US$ Mn) and Volume (Tons) by Application, 2013–2028

Table 10: Europe Synthetic Camphor Market Value (US$ Mn) and Volume (Tons) by Synthetic Camphor, 2013–2028

Table 11: Europe Synthetic Camphor Market Value (US$ Mn) and Volume (Tons) by Grade , 2013–2028

Table 12: Europe Synthetic Camphor Market Value (US$ Mn) and Volume (Tons) by Application, 2013–2028

Table 13: South Asia Synthetic Camphor Market Value (US$ Mn) and Volume (Tons) by Country, 2013–2028

Table 14: South Asia Synthetic Camphor Market Value (US$ Mn) and Volume (Tons) by Grade , 2013–2028

Table 15: South Asia Synthetic Camphor Market Value (US$ Mn) and Volume (Tons) by Application, 2013–2028

Table 16: East Asia Synthetic Camphor Market Value (US$ Mn) and Volume (Tons) by Country, 2013–2028

Table 17: East Asia Synthetic Camphor Market Value (US$ Mn) and Volume (Tons) by Grade , 2013–2028

Table 18: East Asia Synthetic Camphor Market Value (US$ Mn) and Volume (Tons) by Application, 2013–2028

Table 19: Oceania  Synthetic Camphor Market Value (US$ Mn) and Volume (Tons) by Country, 2013–2028

Table 20: Oceania  Synthetic Camphor Market Value (US$ Mn) and Volume (Tons) by Grade, 2013–2028

Table 21: Oceania  Synthetic Camphor Market Value (US$ Mn) and Volume (Tons) by Application, 2013–2028

Table 22: MEA  Synthetic Camphor Market Value (US$ Mn) and Volume (Tons) by Country, 2013–2028

Table 23: MEA  Synthetic Camphor Market Value (US$ Mn) and Volume (Tons) by Grade, 2013–2028

Table 24: MEA  Synthetic Camphor Market Value (US$ Mn) and Volume (Tons) by Application, 2013–2028

Table 25: India Synthetic Camphor Market Value (US$ Mn) and Volume (Tons) by Grade, 2013–2028

Table 26: India Synthetic Camphor Market Value (US$ Mn) and Volume (Tons) by Application, 2013–2028

Table 27: China Synthetic Camphor Market Value (US$ Mn) and Volume (Tons) by Grade, 2013–2028

Table 28: China Synthetic Camphor Market Value (US$ Mn) and Volume (Tons) by Application, 2013–2028

List of Figures

Figure 01: Global Synthetic Camphor Market Size (US$ Mn) and Volume (Tons) Analysis, 2013 – 2017

Figure 02: Global Synthetic Camphor Market Size (US$ Mn) and Volume (Tons) Analysis, 2018 – 2028

Figure 03: Global Synthetic Camphor Market Historical Value (US$ Mn), 2013 – 2017

Figure 04: Global Synthetic Camphor Market Value (US$ Mn) Forecast, 2018 – 2028

Figure 05: Global Synthetic Camphor Market Absolute $ Opportunity, 2018 – 2028

Figure 06: Global Synthetic Camphor Market Share and BPS Analysis by grade, 2018 & 2028

Figure 07: Global Synthetic Camphor Market Attractiveness Analysis, by grade, 2018–2028

Figure 08: Global Synthetic Camphor Market Absolute $ Opportunity by Pharma Grade Segment, 2017 – 2028

Figure 09: Global Synthetic Camphor Market Absolute $ Opportunity by Technical Grade Segment, 2017 – 2028

Figure 10: Global Synthetic Camphor Market Share and BPS Analysis by Application – 2018 & 2028

Figure 11: Global Synthetic Camphor Market Attractiveness Analysis by Application, 2018–2028

Figure 12: Global Synthetic Camphor Market Absolute $ Opportunity by Pharmaceuticals Segment, 2018–2028

Figure 13: Global Synthetic Camphor Market Absolute $ Opportunity by Personal Care Segment, 2018–2028

Figure 14: Global Synthetic Camphor Market Absolute $ Opportunity by Plasticizer Segment, 2018–2028

Figure 15: Global Synthetic Camphor Market Absolute $ Opportunity by Paints & Coatings Segment, 2018–2028

Figure 16: Global Synthetic Camphor Market Absolute $ Opportunity by Flavour & Fragrances Segment, 2018–2028

Figure 17: Global Synthetic Camphor Market Absolute $ Opportunity by Others Segment, 2018–2028

Figure 18: Global Synthetic Camphor Market Share and BPS Analysis by Region – 2018 & 2028

Figure 19: Global Synthetic Camphor Market Attractiveness Analysis by Region, 2018–2028

Figure 20: Global Synthetic Camphor Market Absolute $ Opportunity (US$ Mn), 2018–2028 by Region

Figure 21: North America Synthetic Camphor Market Share and BPS Analysis by Country – 2018 & 2028

Figure 22: North America Synthetic Camphor Market Attractiveness Analysis by Country, 2018–2028

Figure 23: North America Market Absolute $ Opportunity (US$ Mn), 2018–2028 by Country

Figure 24: North America Synthetic Camphor Market Share and BPS Analysis by Grade – 2018 & 2028

Figure 25: North America Synthetic Camphor Market Attractiveness Analysis by Grade, 2018–2028

Figure 26: North America Synthetic Camphor Market Share and BPS Analysis by Application – 2018 & 2028

Figure 27: North America Synthetic Camphor Market Attractiveness Analysis by Application, 2018–2028

Figure 28: Latin America Synthetic Camphor Market Share and BPS Analysis by Country – 2018 & 2028

Figure 29: Latin America Synthetic Camphor Market Attractiveness Analysis by Country, 2018–2028

Figure 30: Latin America Market Absolute $ Opportunity (US$ Mn), 2018–2028 by Country

Figure 31: Latin America Synthetic Camphor Market Share and BPS Analysis by Grade – 2018 & 2028

Figure 32: Latin America Synthetic Camphor Market Attractiveness Analysis by Grade, 2018–2028

Figure 33: Latin America Synthetic Camphor Market Share and BPS Analysis by Application – 2018 & 2028

Figure 34: Latin America Synthetic Camphor Market Attractiveness Analysis by Application, 2018–2028

Figure 35: Europe Synthetic Camphor Market Share and BPS Analysis by Country, 2018 & 2028

Figure 36: Europe Synthetic Camphor Market Attractiveness Analysis, by Country, 2018–2028

Figure 37: Europe Market Absolute $ Opportunity (US$ Mn), 2018 – 2028 by Country

Figure 38: Europe Synthetic Camphor Market Share and BPS Analysis by Grade, 2018 & 2028

Figure 39: Europe Synthetic Camphor Market Attractiveness Analysis, by Grade, 2018–2028

Figure 40: Europe Synthetic Camphor Market Share and BPS Analysis by Application, 2018 & 2028

Figure 41: Europe Synthetic Camphor Market Attractiveness Analysis, by Application, 2018–2028

Figure 42: South Asia Synthetic Camphor Market Share and BPS Analysis by Country, 2018 & 2028

Figure 43: South Asia Synthetic Camphor Market Attractiveness Analysis, by Country, 2018–2028

Figure 44: South Asia Market Absolute $ Opportunity (US$ Mn), 2018 – 2028 by Country

Figure 45: South Asia Synthetic Camphor Market Share and BPS Analysis by Grade, 2018 & 2028

Figure 46: South Asia Synthetic Camphor Market Attractiveness Analysis, by Grade, 2018–2028

Figure 47: South Asia Synthetic Camphor Market Share and BPS Analysis by Application, 2018 & 2028

Figure 48: South Asia Synthetic Camphor Market Attractiveness Analysis, by Application, 2018–2028

Figure 49: East Asia Synthetic Camphor Market Share and BPS Analysis by Country, 2018 & 2028

Figure 50: East Asia Synthetic Camphor Market Attractiveness Analysis, by Country, 2018–2028

Figure 51: East Asia Market Absolute $ Opportunity (US$ Mn), 2018 – 2028 by Country

Figure 52: East Asia Synthetic Camphor Market Share and BPS Analysis by Grade, 2018 & 2028

Figure 53: East Asia Synthetic Camphor Market Attractiveness Analysis, by Grade, 2018–2028

Figure 54: East Asia Synthetic Camphor Market Share and BPS Analysis by Application, 2018 & 2028

Figure 55: East Asia Synthetic Camphor Market Attractiveness Analysis, by Application, 2018–2028

Figure 56: Oceania  Synthetic Camphor Market Share and BPS Analysis by Country – 2018 & 2028

Figure 57: Oceania  Synthetic Camphor Market Attractiveness Analysis by Country, 2018–2028

Figure 58: Oceania  Market Absolute $ Opportunity (US$ Mn), 2018–2028 by Country

Figure 59: Oceania  Synthetic Camphor Market Share and BPS Analysis by Grade – 2018 & 2028

Figure 60: Oceania  Synthetic Camphor Market Attractiveness Analysis by Grade, 2018–2028

Figure 61: Oceania  Synthetic Camphor Market Share and BPS Analysis by Application – 2018 & 2028

Figure 62: Oceania  Synthetic Camphor Market Attractiveness Analysis by Application, 2018–2028

Figure 63: MEA  Synthetic Camphor Market Share and BPS Analysis by Country – 2018 & 2028

Figure 64: MEA  Synthetic Camphor Market Attractiveness Analysis by Country, 2018–2028

Figure 65: MEA  Market Absolute $ Opportunity (US$ Mn), 2018–2028 by Country

Figure 66: MEA  Synthetic Camphor Market Share and BPS Analysis by Grade – 2018 & 2028

Figure 67: MEA  Synthetic Camphor Market Attractiveness Analysis by Grade, 2018–2028

Figure 68: MEA  Synthetic Camphor Market Share and BPS Analysis by Application – 2018 & 2028

Figure 69: MEA  Synthetic Camphor Market Attractiveness Analysis by Application, 2018–2028

Figure 70: India Synthetic Camphor Market Share and BPS Analysis by Grade – 2018 & 2028

Figure 71: India Synthetic Camphor Market Attractiveness Analysis by Grade, 2018–2028

Figure 72: India Synthetic Camphor Market Share and BPS Analysis by Application – 2018 & 2028

Figure 73: India Synthetic Camphor Market Attractiveness Analysis by Application, 2018–2028

Figure 74: China Synthetic Camphor Market Share and BPS Analysis by Grade – 2018 & 2028

Figure 75: China Synthetic Camphor Market Attractiveness Analysis by Grade, 2018–2028

Figure 76: China Synthetic Camphor Market Share and BPS Analysis by Application – 2018 & 2028

Figure 77: China Synthetic Camphor Market Attractiveness Analysis by Application, 2018–2028

Frequently Asked Questions

What is the Growth Outlook for Synthetic Camphor Market?

The synthetic camphor market is likely to secure a CAGR of 5.9% through 2032.

By 2032, how much can the Synthetic Camphor Market Grow?

The synthetic camphor market size is estimated to cross USD 719.12 Million by 2032.

What is the Current Valuation of the Synthetic Camphor Market?

The synthetic camphor market is likely to record a value of USD 405.36 Million in 2022.

Which Region is likely to Lead the Synthetic Camphor Market?

Asia Pacific is likely to lead the synthetic camphor market.

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