Global Camphor Market is Expected to Thrive at a CAGR 7.9% in Near Future, according to Research Nester

The camphor is segment into application such Pharmaceuticals, Agriculture, Chemicals Industry, Food industry, others. Among this pharmaceutical is expected to dominate the overall market and is projected to reach a remarkable CAGR by 2027. The growing demand of camphor for medicinal purpose  for the treatment of toenail, warts, cold sores, hemorrhoids, osteoarthritis, congestion, cough, and skin infections is likely to drive the growth of the market. Further, it is widely used I the form of liquid oil in pharmaceutical sector for making medicines.
Camphor market is expected to register a CAGR of 7.4% over the forecast period. The camphor is expected to reach valuable USD million by the end of 2027. Additionally, it has several applications in various sectors such as agriculture and pharmaceutical and others which are expected to raise the demand of the camphor in upcoming years. Geographically, Asia Pacific accounted for the largest market of camphor in term of market share in 2017 and continues its control over the forecast period. Moreover, rising demand of the camphor for the religious propose is expected to positive driving factor for the growth of the camphor market across the globe. Further North America is prominent market of camphor is expected to witness of high growth rate over the forecast period. Increasing population leading to high growth of food and pharmaceutical is major factor which drive the growth of the camphor market. Europe is expected to grow at a significant CAGR over the forecast period. . The market is mainly expanding on the back of the growth and expansion of pharmaceutical industries in the region.
camphor-1.jpg
Rising demand of food
Adequate dosage of the camphor doesn’t harm the human body. It is widely used in manufacturing of various food products. The growing demand of the food as per the rising population is likely to drive the growth of the camphor market in upcoming year.
Increasing Research and Development activities in Pharmaceutical
Camphor is used in several end user industries such as   agriculture, food, chemical, pharmaceutical and others. Among them it is widely used in the pharmaceutical. Camphor is used for making medicines of toenail, warts, cold sores, hemorrhoids, osteoarthritis, congestion, cough, and skin infections. Advancement and research activities in pharmaceutical for making more effective dosage by using camphor is expected to foster the growth of the camphor market during the forecast period.
In contrast, high flammability nature of the camphor is anticipated to negatively impact the growth of the dimethyl camphor market during the forecast period.
The report titled “Camphor Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the global camphor market  in terms of market segmentation by form, Application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the global camphor market which includes company profiling of Taiwan Tekho Camphor Co., Ltd., Indukern Internacional, The Ji’An Cedar Fine Chemical Co., Ltd., Hiya International, Saptagir Camphor Ltd., Mangalam Organics Limited, ther Prominent Player. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global aircraft control equipment market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
About Us:-
Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.
Contact for more Info:
Ajay Daniel
U.S. Phone: +1 646 586 9123
U.K. Phone: +44 203 608 5919

Comments

Post a Comment

Popular posts from this blog

Increasing Prevalence of Eye Related Disorders to Drive the Growth of Ophthalmology Equipment Market in Future

Image
“ Global Ophthalmology Equipment Market Analysis & Opportunity Outlook 2021 ” The global ophthalmology equipment market is segmented into devices such as contact lens, optical coherence tomography (OCT) scanner, canaloplasty device, glaucoma drainage device, phoropter, retinoscope, viscoelastics devices, opthalmoscopes, tonometers and others. Among these segments, contact lenses segment is expected to occupy top position in overall ophthalmology equipment market during the forecast period.  Factors such as increasing willingness of consumers to spend on eye care, rising disposable income, surging adoption of disposable lenses are some of the major factors fuelling the growth of contact lenses market. Global ophthalmology equipment market is expected to flourish at a significant CAGR of 8.89% during the forecast period. Moreover, the global ophthalmology equipment market is expected to garner USD 29.4 Billion by the end of 2021. Increasing prevalence of eye related disorders s
Read more

The Global Ready to Eat Food Market is Anticipated to Showcase a Tremendous CAGR of 7.3% during the forecast period

Image
The global ready to eat food market is segmented into product type such as meat/poultry products, cereal based products, vegetable based products, and others, out of which meat/poultry products segment captured the biggest market in overall ready to eat food market and is projected to seize a noteworthy CAGR by 2023. Likely, growing inclination of ready to eat food on the back of increasing health and hygiene concerns is expected to flourish the growth of global ready to eat food market. In addition to this, increasing adoption of innovative packaging is also expected to impel the growth of ready to eat food market by 2024. Global ready to eat food market is anticipated to post a notable CAGR of 7.3 % over the forecast period i.e. 2016-2023. Moreover, the global ready to eat food market is projected to account noteworthy revenue of USD 172 Billion by the end of 2023.  Additionally, the market is riding on the back of busy lifestyle of consumers and high personal disposable income.
Read more

Global Smart Home Market To Hit USD 130.1 Billion By The End Of 2024

Image
Smart homes are getting popular among consumers due to its features such as better security and other convenient features. Further, in smart homes, home appliances such as air conditioner, security system, refrigerator and home theater can be controlled by the owner and the person can also give command either by remote or voice. Smart homes are like boon to disable people as it allows the person to control all the activities simply by moving finger or by speaking. Market Size & Forecast Global smart home market is anticipated to flourish at a robust compound annual growth rate (CAGR) of 15.1% over the forecast period 2017-2024 and is expected to reach at a valuation about USD 130.1 Billion by the end of 2024. In terms of region,  Global Smart Home Market  is segmented into five major regions i.e. North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, North America region is dominating the global smart home market. In ter
Read more