Global Camphor Tablets market is anticipated to grow at a higher CAGR in the forecast period. Camphor is a flammable, waxy, transparent or white solid which has a brawny aromatic odour. The origin of camphor comes from a large evergreen tree known as camphor laurel which is found in Asia. It is also known as kapur tree which is a timber tree in the same region. Camphor is primarily produced from distillation of wood and bark of the camphor tree. Physical properties of camphor vary depending on the origin, species and growing conditions of the tree.
Camphor is generally whitish or has light shades of different colors including grey and olive among others. Moreover, camphor can be synthetically produced by synthesis of turpentine oil derived from rosin, pinewood among others. Depending on the end user industry, camphor is supplied in the form of powder, oil or as tablet. The factors that drive the growth of the Camphor Tablets market professional survey report include its increasing applications in various industries such as pharmaceutical, food and so on.
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In addition, medicinal properties of camphor have given rise to a high demand for manufacturing different types of medicines for different pains and diseases which significantly boost the growth of the market. Moreover, camphor tablets are also used in manufacturing extensive range of ayurveda medicines. Also, its increasing use in agriculture sector as it is an excellent insect and moth repellent significantly contributes to the growth of the Camphor Tablets market. Furthermore, food sector is anticipated to fuel the growth of the market owing to use of camphor tablets as essence in various food products.
The Camphor Tablets market professional survey report is classified on the basis of product type, applications, end users and geography.
Based on type, the market report is classified as natural, synthetic, and others. On the basis of application, the global market report is classified as mothproof, spices, medicinal, skin products and others. On the basis of end user, the market report is classified as pharmaceutical industry, agriculture industry, chemical industry, food industry, and others.
Among the end user, pharmaceutical industry is projected to account a major share of the Camphor Tablets market professional survey report. Camphor is used in the production of ointments with vapours for treating chest congestion and cough. Growing demand for ointments used for treating chest congestion is a key factor driving demand for camphor. Small amount of camphor is safe for human consumption and has been permitted by numerous regulatory bodies all over the globe, as a result camphor has high acceptance for medicinal uses.
On the other hand, the food industry is expected to be second largest segment in the Camphor Tablets market. On the basis of geography, the global market report spans North America, Latin America, Western Europe, Eastern Europe, Asia Pacific and Middle East and Africa.
The North American region consists of the U.S. and Canada. Latin America region consists of Mexico, Brazil, Peru, Chile, and others. The Western European region consists of Germany, England, France, Spain, Italy, Nordic countries, Belgium, The Netherlands, and Luxembourg. The Eastern European region consists of Poland and Russia. Asia Pacific region consists of China, India, Japan, ASEAN, Australia, and New Zealand. Middle East and Africa region consists of GCC, Southern Africa, and North Africa.
In case of geographical region, Asia Pacific is projected to account for a major share of the Camphor Tablets market professional survey report. The factors that drive the growth of this region are owed to huge population and rising disposable income in the developing economies leading to growth in several end user industries including food, pharmaceutical, etc.
Asia Pacific is also expected to be the fastest growing region during the forecast period. On the other hand, region such as North America and Europe are anticipated to grow at a sluggish rate.
Some of key players that fuel the growth of the Camphor Tablets industry include Hiya International, ShaKanajeeJuharmal, VK Classic Industries, Malligha Asafoetida, JadranGalenski Laboratorij, Recochem, Apt Exim, Benefont, Fujian Green Pine, Xi’an Yuelai, Ji’an Fine Chemical, HejianChangsheng, and Shanghai Yuejia.
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