Synthetic Camphor Market Research Report By Application (Cellulose Acetate, Camphor Oil, Plastics, Pharmaceuticals, Cosmetics, Fragrances), By End User (Automotive, Construction, Electronics, Packaging, Food and Beverage, Healthcare), By Distribution Channel (Direct Sales, Distributors, Retailers, Online Platforms), By Purity Grade (Technical Grade, Pharmaceutical Grade, Food Grade, Cosmetic Grade), By Production Method (Camphene Method, Borneol Method, Isopinocamphone Method) and By Regional (North America, Europe, South America, Asia Paci

Global Synthetic Camphor Market Overview

Synthetic Camphor Market Size was estimated at 1.6 (USD Billion) in 2022. The Synthetic Camphor Market Industry is expected to grow from 1.66(USD Billion) in 2023 to 2.23 (USD Billion) by 2032. The Synthetic Camphor Market CAGR (growth rate) is expected to be around 3.37% during the forecast period (2024 - 2032).

Key Synthetic Camphor Market Trends Highlighted

The  synthetic camphor market is influenced by several key drivers, including rising demand from the pharmaceutical industry, growing consumption in the food and beverage sector, and increasing preference for synthetic over natural camphor due to its cost-effectiveness and consistent availability. The pharmaceutical industry remains a major driver, with synthetic camphor used as an excipient in drugs and as an ingredient in traditional Chinese medicine. The food and beverage industry is also a significant consumer, utilizing synthetic camphor as a flavoring agent and preservative.Recent market trends indicate a rising demand for high-purity synthetic camphor, particularly in the pharmaceutical sector, where stringent regulations require consistent purity levels. Other notable trends include the emergence of sustainable production methods to reduce environmental impact, the development of novel applications in cosmetics and personal care products, and the increasing adoption of synthetic camphor in industrial applications such as adhesives and coatings. These trends signal a promising future for the synthetic camphor market, with continued growth opportunities in diverse industry sectors.

Source Primary Research, Secondary Research, MRFR Database and Analyst Review

Synthetic Camphor Market Drivers

Growing Demand from the Automotive Industry

Synthetic camphor is extensively used in the automotive industry as a plasticizer in the production of automotive parts, such as dashboards, interior trims, and bumpers. The increasing production and sales of automobiles, particularly in emerging economies, are expected to drive the demand for synthetic camphor in the coming years. The automotive industry's preference for lightweight and durable materials, coupled with the growing emphasis on fuel efficiency, is further propelling the demand for synthetic camphor-based plastics.Moreover, the rising adoption of electric vehicles, which require specialized materials for battery components and insulation, is creating additional growth opportunities for the synthetic camphor market in the automotive sector.

Expansion of the Pharmaceutical Industry

The pharmaceutical industry is the major application segment of synthetic camphor as it serves as an ingredient for producing different formulations. Synthetic camphor is used as an expectorant, a stimulant, and an antiseptic. Owing to the rising prevalence of respiratory disorders such as asthma and bronchitis, the demand for synthetic camphor is expected to increase in the pharmaceutical industry. Further, the increasing uptake of over-the-counter OTC drugs and growing generic penetration are driving the growth of the market for synthetic camphor in the pharmaceutical industry.

Rising Consumer Awareness of Eco-Friendly Products

Consumers are becoming increasingly aware of the environmental impact of synthetic products and are seeking eco-friendly alternatives. Synthetic camphor, derived from renewable plant sources, offers a sustainable option compared to traditional camphor obtained from camphor trees. The growing demand for sustainable and biodegradable products is expected to drive the adoption of synthetic camphor in various industries, including personal care, household cleaning, and food packaging.

Synthetic Camphor Market Segment Insights

Synthetic Camphor Market Application Insights

The  Synthetic Camphor Market has been segmented by Application into Cellulose Acetate, Camphor Oil, Plastics, Pharmaceuticals, Cosmetics, and Fragrances. Based on the share of market value in 2023, the Cellulose Acetate segment is likely to be the largest one, covering over 35% of the  Synthetic Camphor Market revenue. The growth is associated with the demand for cellulose acetate in the production of cigarette filters, in which the acetate tow is a vital feedstock. Meanwhile, the Camphor Oil segment is likely to expand the most, with the growing demand for the product in the pharmaceuticals sphere.Being widely used in the manufacture of cough suppressants, decongestants, and other medicinal products, camphor oil is likely to continue facilitating the growth of the market. The Plastics segment is also likely to increase the demand for the product due to the rising demand for plastics in the automotive, construction, and packaging sectors. Meanwhile, the Pharmaceuticals segment is also likely to make a considerable contribution to the growth of the  Synthetic Camphor Market, as camphor is widely used in the manufacture of antibiotics, anti-inflammatory drugs, sedatives, and other pharmaceuticals.The Cosmetics and Fragrances segment is likely to increase the demand for the product moderately by contributing to the growth of the market by the rising penetration of camphor production used for the manufacture of perfumes, soaps, and other cosmetic products. Generally, the  Synthetic Camphor Market is likely to exhibit a moderate increase in demand due to the rising penetration of the product into various production spheres, fed by the  increase of the population and the pace of urbanization.

Source Primary Research, Secondary Research, MRFR Database and Analyst Review

Synthetic Camphor Market End User Insights

Industry and End-User Analysis End-User Segment The end-user segment is expected to grow tremendously in the  synthetic camphor market in the upcoming years. The major end-user industries for synthetic camphor include automotive, construction, electronics, packaging, food and beverage, and healthcare. Automotive The  automotive industry is a significant consumer of synthetic camphor. It is used in the production of tires, rubber hoses, and other automotive parts. Construction The construction industry consumes a significant volume of synthetic camphor in the production of paints, coatings, and adhesives.Electronics Synthetic camphor is used in the electronics industry for the production of printed circuit boards and other electronic components. Packaging The packaging industry uses synthetic camphor in the production of plastic films, sheets, and containers. Food and Beverage The food and beverage industry utilizes synthetic camphor as a flavoring agent and preservative. Healthcare The healthcare industry uses synthetic camphor in the production of pharmaceuticals, cosmetics, and personal care products. The growth of the market is attributed to the increasing demand for synthetic camphor from various end-user industries.

Synthetic Camphor Market Distribution Channel Insights

Distribution channels play a crucial role in the  Synthetic Camphor Market. Direct sales involve manufacturers selling directly to customers, offering better control over pricing and customer relationships. Distributors act as intermediaries, connecting manufacturers with retailers and other businesses. They provide logistical support and reach a wider customer base. Retailers, such as specialty chemical stores and online platforms, cater to end-users and offer value-added services. Online platforms, including e-commerce marketplaces and company websites, provide convenience and  reach.In 2023, the  Synthetic Camphor Market revenue through direct sales was valued at 520 million USD, while distributors contributed 480 million USD. Retailers and online platforms accounted for 340 million USD and 320 million USD, respectively. The increasing adoption of e-commerce is expected to drive the growth of online platforms in the coming years.

Synthetic Camphor Market Purity Grade Insights

The Purity Grade segment plays a crucial role in the  Synthetic Camphor Market. 'Technical Grade' captured the largest revenue share in 2023, owing to its extensive use in various industrial applications such as the production of celluloid, explosives, and mothballs. 'Pharmaceutical Grade' is projected to exhibit a steady growth rate during the forecast period, driven by the rising demand for synthetic camphor in the pharmaceutical industry for the production of ointments, liniments, and other topical formulations. 'Food Grade' and 'Cosmetic Grade' segments are also expected to witness significant growth, attributed to the increasing demand for synthetic camphor as a flavoring agent and preservative in food products, as well as its use in personal care products like soaps, shampoos, and fragrances.

Synthetic Camphor Market Production Method Insights

The  Synthetic Camphor Market is segmented based on the Production Method into the Camphene Method, Borneol Method, and Isopinocamphone Method. Among these segments, the Camphene Method segment holds the largest market share. The Camphene Method involves the reaction of camphene with hydrogen chloride to form isobornyl chloride, which is then hydrolyzed to produce camphor. This method is widely used due to its cost-effectiveness and high efficiency. The Borneol Method, which involves the oxidation of borneol to produce camphor, is expected to witness significant growth in the coming years due to increasing demand for natural and eco-friendly products.The Isopinocamphone Method, which involves the isomerization of isopinocamphone to produce camphor, is a relatively new method that offers high selectivity and purity. The  Synthetic Camphor Market revenue is expected to grow significantly in the coming years, driven by increasing demand from various end-use industries, such as pharmaceuticals, personal care products, and food additives.

Synthetic Camphor Market Regional Insights

The regional segmentation of the  Synthetic Camphor Market offers insights into the market's geographic distribution and performance across different regions. North America is expected to hold a significant market share due to the presence of major end-use industries such as pharmaceuticals, cosmetics, and personal care. Europe is projected to account for a substantial share owing to the region's well-established chemical industry and stringent regulations regarding the use of natural camphor. The APAC region is anticipated to witness robust growth driven by the increasing demand from emerging economies like China and India.South America and MEA are expected to contribute a smaller share of the  market but are projected to exhibit steady growth over the forecast period.

Source Primary Research, Secondary Research, MRFR Database and Analyst Review

Synthetic Camphor Market Key Players And Competitive Insights

Several major actors in the Synthetic Camphor Market industry attempt to develop a competitive advantage by expanding investments in research and development, portfolio expansion, and disruptive techniques. A notable development in the Synthetic Camphor Market is that the main actors are concentrating on developing sustainable and eco-friendly solutions for addressing growing customer needs. Furthermore, the development of the Synthetic Camphor Market can be attributed to the increasing need from the numerous industrial sectors, such as food and beverage, personal care, and pharmaceutical. During the forecasting period, the competition in the Synthetic Camphor Market will intensify due to the expansion of the market and the activity of both new and existing market actors.DuPont is one of the major actors in the  Synthetic Camphor Market industry. The company has a broad range of products, which includes numerous grades and purities, to meet the needs of the different customer segments. Furthermore, DuPont has a strong distribution network, which allows the company to serve the needs of the worldwide customer segments. The major strengths of DuPont are research and development activity and a laser-like focus on innovation and sustainability. For the industry, the growth of DuPont resulted in funding applied research from the public level and resulted in numerous innovations, which contributed to the development of the industry.Camphor and Allied Products Ltd is one of DuPont’s competitors in the industry. The company is a leader in the Indian market and one of the leading manufacturers and suppliers of synthetic camphor. The major strengths of the company are its focus on quality and customer service. Camphor and Allied Products Ltd. has numerous certifications and awards to prove its quality, and the company is expanding its range of products and geographical markets to strengthen the growth.

Key Companies in the Synthetic Camphor Market Include

• Gansu Baiyangping Chemical Co. Ltd.


• Shanxi Sanwei Group Co. Ltd.


• Jiangsu Guotai Chemical Co. Ltd.


• Xiamen Ditai Chemical Co. Ltd.


• Fujian Nanan Baofeng Chemical Co. Ltd.


• Shandong Yamei Chemical Technology Co., Ltd.


• Zhuhai Haicheng Group Co. Ltd.


• Jilin Haida Chemical New Material Technology Co. Ltd.


• Zibo Qixiang Chemical Co., Ltd.


• Jiangsu Deqing Chemical Co. Ltd.


• Zibo Leytai Fine Chemical Co., Ltd.


• Shandong Huatai Fine Chemical Co. Ltd.


• Sichuan Longfushan Chemical Industry Co. Ltd.


• Tibet Xinyuan Camphor Technology Co. Ltd.


• Nantong Xingchen Fine Chemical Co., Ltd.

Synthetic Camphor Market Industry Developments

The  synthetic camphor market is projected to reach USD 2.23 billion by 2032, exhibiting a CAGR of 3.37% during the forecast period (2024-2032). The market growth is attributed to increasing demand for synthetic camphor in various end-use industries such as pharmaceuticals, food & beverages, and personal care & cosmetics. Synthetic camphor finds extensive use in the production of celluloid, which is employed in the manufacturing of photographic and motion picture films, toys, and other plastic products. Furthermore, the growing demand for synthetic camphor in the production of fragrances and flavors is anticipated to drive market growth over the forecast period. Recent developments in the market include the launch of new products by key players and strategic partnerships to expand market reach.

Synthetic Camphor Market Segmentation Insights

•  


• Synthetic Camphor Market Application Outlook


• Cellulose Acetate


• Camphor Oil


• Plastics


• Pharmaceuticals


• Cosmetics


• Fragrances


•  


• Synthetic Camphor Market End User Outlook


• Automotive


• Construction


• Electronics


• Packaging


• Food and Beverage


• Healthcare


•  


• Synthetic Camphor Market Distribution Channel Outlook


• Direct Sales


• Distributors


• Retailers


• Online Platforms


•  


• Synthetic Camphor Market Purity Grade Outlook


• Technical Grade


• Pharmaceutical Grade


• Food Grade


• Cosmetic Grade


•  


• Synthetic Camphor Market Production Method Outlook


• Camphene Method


• Borneol Method


• Isopinocamphone Method


•  


• Synthetic Camphor Market Regional Outlook


• North America


• Europe


• South America


• Asia Pacific


• Middle East and Africa