Pharma Grade Synthetic Camphor Market is expected to reach US$ 532.0 Million by 2028, with a CAGR of 4.2%

The global Pharma Grade Synthetic Camphor Market Sales is anticipated to be worth US$ 532.0 million by the end of 2028, according to the company’s most recent analysis.

The Pharma Grade Synthetic Camphor market research anticipates enormous growth potential, with an average year-on-year growth rate of 4.2% expected through 2028.

The growing need for topical pain treatment solutions is expected to propel the Pharma Grade Synthetic Camphor market forward. Pharmaceutical grade synthetic camphor is found in many topical analgesic products such as oils, ointments, chest rubs, and gel.

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These Pharma Grade Synthetic Camphor pain management solutions are gaining popularity since they have fewer side effects than oral analgesics and are easier to obtain through the retail channel. Self-medication is on the rise, and the availability of low-cost camphor-containing OTC analgesics bodes well for the growth of the Pharma Grade Synthetic Camphor sector.

The rising frequency of infectious diseases such as colds and flu has raised the use of cold sore remedies, nasal decongestants, topical expectorants, and other similar products, propelling the Pharma Grade Synthetic Camphor market forward. Demand for Pharma Grade Synthetic Camphor is increasing due to the increasing use of private labelled topical camphor solutions.

Because they do not require FDA approval or considerable retail promotion, private label analgesics are gaining popularity in the US market. Walgreens Ultra Strength Muscle Rub (4% camphor) and Salonpas pain reduction patch (1.2% camphor) are two private label analgesics that contain camphor. Commodity exports, economic growth, and increased manufacturing capacity are expected to propel the Pharma Grade Synthetic Camphor market ahead.

However, regulatory constraints on the use of camphor in pharmaceutical products would have a significant impact on the growth of the Pharma Grade Synthetic Camphor market. Furthermore, rising raw material prices are likely to restrain the growth of the Pharma Grade Synthetic Camphor market. Thus, rising raw material prices, such as alpha pinene or turpentine oil, provide a significant challenge to manufacturers of Pharma Grade Synthetic Camphor.

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The global Pharma Grade Synthetic Camphor market has been classified by the company into formulation, application, distribution, and geographies. The Pharma Grade Synthetic Camphor market is divided into topical and inhalation formulations. Because of the large number of marketed products and diverse applications, the topical sector is predicted to have the biggest revenue share in the Pharma Grade Synthetic Camphor market.

Applications of Pharma Grade Synthetic Camphor included in the report are respiratory disorders applications, muscular rheumatism, counterirritant & antipruritic and others (topical analgesic, cold sores, minor burns, antifungal, hemorrhoids, topical antitussive & expectorant, astringent, rubefacient, etc.). Others segment expected to contributes highest market value in global Pharma Grade Synthetic Camphor market. Based on the distribution channel, Pharma Grade Synthetic Camphor market is segmented into conventional B2B and online B2B channel.  In terms of revenue, conventional B2B segment would hold significant revenue share in Pharma Grade Synthetic Camphor market over the forecast period.

On the basis of region, the global Pharma Grade Synthetic Camphor market has been segmented into North America, Latin America, Western Europe, Eastern Europe, the Asia Pacific excluding China & Japan, China, Japan, and the Middle East & Africa. North America is expected to contribute highest revenue share in global Pharma Grade Synthetic Camphor market.

The demand of Pharma Grade Synthetic Camphor has increased in North America, as increasing production of camphor contained private label and OTC products. China is expected to witness the highest growth rate in Pharma Grade Synthetic Camphor market due to presence of the larger number of Pharma Grade Synthetic Camphor manufactures. Pharma Grade Synthetic Camphor manufactures are mainly concentrated in China and India and they export their chemicals to the U.S. and Europe. Moreover, due to its growing contribution to the global industry, Asia Pacific is emerging as a focused destination for global manufacturers of camphor and related chemicals.

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Report tracks some of the key companies operating in the global Pharma Grade Synthetic Camphor market. Representative players included in the global Pharma Grade Synthetic Camphor market report are Merck KGaA, Oriental Aromatics Limited, Saptagir Camphor Limited, Mangalam Organics Limited, Nippon Fine Chemical Co., Ltd., Rochem International, Inc., Spectrum Chemical Mfg. Corp., Aldon Corporation, Prinova Group LLC. and Fengchen Group Co., Ltd. Manufactures are focusing on improvement of the supply chain which expected to provide huge opportunities to them over the forecast period.

Pharma Grade Synthetic Camphor Market Segmentation – by Category

By Formulation Type:

• Topical
• Inhalation

By Application:

• Respiratory Disorders
• Muscular Rheumatism
• Counterirritant and Antipruritic
• Others

By Distribution Channels:

• Conventional B2B
  • Tenders
  • Direct Procurement
  • Wholesalers & Distributors
• Online B2B
  • Internal Channel
  • External Channel

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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