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Camphor Tablets Market By End User (Pharmaceuticals, Food, Chemicals, Agriculture, Others) - Growth, Share, Opportunities & Competitive Analysis, 2015 - 2022

Camphor is a flammable, waxy, transparent, or white solid with a sturdy aromatic odor. The origin of camphor comes from a large evergreen tree known as camphor laurel, which is found in Asia. It is also known as the Kapur tree, a timber tree in the same region. Apart from its natural origin, camphor can be synthetically produced from turpentine oil. Synthetic camphor is available in powder, tablets, and blocks. They are used for medicinal purposes, as an essence in cooking, and for religious rituals in Asia, especially in India.

Camphor tablets are used for a wide range of medical properties as it helps reduce pain and swelling, help relax worn-out muscles, and reduce congestion and cough. They are used in manufacturing various medicines. Growing demand from the pharmaceutical industry is, therefore, the major factor driving the growth of camphor tablets in the market. The high consumption of camphor tablets for religious rituals in India is another factor boosting market growth for camphor tablets. Camphor is believed to be holy and sacred stuff offered to god for thanksgiving.

Hence, camphor tablets have huge scope for growth in the Asia Pacific during the forecast period. Camphor tablets are also used in agriculture to keep away insects and moths. It is used as a repellent in agriculture and even for household activities to keep away reptiles and insects. Therefore steady demand is observed for camphor tablets from the agriculture industry. Camphor tablets are also used in skin care products as it helps reduce acne and pimples.

Therefore, the chemical industry uses camphor in many skin care products and hair care products due to its beneficial properties. Europe consumes camphor for the preparation of almost all sweet dishes. Camphor is the essential ingredient in the cookbooks of Arabians. In India, camphor is used as an essence in some sweet dishes. Hence, food is also expected to fuel demand for the growth of camphor tablets during the forecast period from 2016 to 2022.

The camphor Tablets market was valued at US$ 93.9 Mn in 2016 and is expected to reach US$ 145.6 Mn by 2022, growing at a CAGR of 7.6% during the forecast period 2016-2022.

Purpose of the Report

The purpose of this strategic research study titled “Global Camphor Tablets Market - Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2022” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them to make informed strategic decisions regarding the opportunities in the global camphor tablets market.

Target Audience

  • Industry Investors
  • Camphor Tablets Providers/Vendors
  • Research Professionals
  • Emerging Companies
  • Raw Material Suppliers/ Buyers
  • Product Suppliers/ Buyers
  • Research Institutes

Overall, the research study provides a holistic view of the global camphor tablets market, growth, offering market size, and estimates for the period from 2015 to 2022, keeping in mind the abovementioned factors.

Based on its application, the camphor tablets market is categorized into the following end-user segments:

  • Pharmaceuticals
  • Food
  • Chemicals
  • Agriculture
  • Others (Religious, etc.)

Pharmaceuticals accounted for the largest share of the global camphor tablets market in 2015. Camphor tablets are used on a large scale to manufacture medicines to treat cough, congestion, and skin infections. It is used to ease pain in joints and swelling. Most athletes use camphor tablets for their anti-inflammatory properties and as an analgesic. Therefore growing demand from the medical industry is expected to boost market demand for camphor tablets in 2016. In addition, the high demand for manufacturing Siddha and ayurvedic medicines is also boosting market demand for camphor tablets. Camphor tablets are also used in manufacturing essence, which is used in the food industry. Food was the second largest end-user segment of the global camphor tablets market in 2016. Other uses of camphor tablets include insect and moth repellent in skin care products, which help prevent acne and pimples. It is also known to be used as a cleanser and helps heal burns and scars. Therefore, high demand is projected for camphor tablets from the chemical industry, which is expected to rise shortly. Camphor tablets keep germs and insects away from crops and plants. Agriculture is anticipated to experience steady demand for camphor tablets during the forecast period as many substitutes are available in the market. The Asia Pacific, especially India, is the major consumer of camphor tablets as the people in the country believe camphor to be pure and holy. Hence, high demand is reported due to the religious use of camphor tablets in temples, household pooja, etc., and is expected to rise during the forecast period from 2016 to 2022.

Based on geography, the global camphor tablets market is segmented into the following categories

  • North America
  • The U.S.
  • Canada
  • Rest of North America
  • Europe
  • France
  • Germany
  • UK
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Rest of Asia Pacific
  • Middle East & Africa
  • South Africa
  • Saudi Arabia
  • Rest of the Middle East & Africa
  • Rest of the World (RoW)
  • Australia
  • Brazil
  • Rest of RoW

The Asia Pacific accounted for the largest global camphor tablets market in 2015. It accounted for more than 32% of the global camphor tablets market. Growing demand from the pharmaceutical industry for manufacturing medicines has led to high demand for camphor tablets in the region. Moreover, the booming use of camphor tablets in religious rituals has also spurred the growth of the global camphor tablets market in Asia. North America was the second largest market for camphor tablets in 2016. The region is expected to experience moderate growth due to regulations on the healthcare sector for the use of camphor. In addition, the region is anticipated to boost market growth due to its use in the agriculture sector. Europe followed North America in demand and is projected to fuel demand for camphor tablets shortly. The Middle East & Africa, and the Rest of the World are also expected to boost market demand for camphor tablets due to increasing demand from the chemical and agriculture sector in the regions during the forecast period from 2016 to 2022.

Frequently Asked Questions

The market for Camphor Tablets is expected to reach US$ 145.6 Mn by 2022.

The Camphor Tablets market is expected to see significant CAGR growth over the coming years, at 7.6%.

The report is forecasted from 2016-2022.

The base year of this report is 2015.

Apt Exim, Beijing Herbal Health Biotech LLC, Benefont, Camphor & Allied Products Ltd., Fujian Green Pine, Hiya International are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Apr 2016
Category:  Chemicals
Report ID:   57780
Report Format:   PDF
Pages:   120
Rating:    4.5 (70)
Delivery Time: 24 Hours to 48 Hours   
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