Press release
Booming Growth of Camphor Market Analysis 2018 by Players Oriental Aromas Ltd., Taiwan Tekho Camphor Co., Ltd, and HIYA INTERNATIONAL.
Camphor
Market Dynamics
Camphor is commonly used in pain relief balms. Apart from its relaxing smell, it has various pharmaceutical uses such as it helps in increasing blood circulation, stimulating hormones, reducing osteoarthritis, digestion, skin care, and reduces congestion. Apart from pharmaceutical uses, camphor is also used in fragrances and insect repellants.
The U.S. Food and Drug Administration (FDA) banned use of camphor as an ingredient in medicines or any other edible item due to its addictive properties.
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Market Outlook
- Camphor trees are majorly located in Asian parts such as Sumatra and Borneo islands in Indonesia. Also, it is used in household and in pharmaceuticals in the Asia Pacific region on a large scale. Whereas, countries such as U.S. and South Africa have banned the use of camphor due to its addictive properties.
Key Players
Key players operating in the global camphor market include Oriental Aromas Ltd., Taiwan Tekho Camphor Co., Ltd, and HIYA INTERNATIONAL.
Market Taxonomy
On the basis of product type, the global camphor market is segmented into:
Capsule
Powder
Oil
On the basis of application, the global camphor market is segmented into:
Pharmaceutical
Agriculture
Food
Chemicals
Others
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