Global Camphene Market - WishTree Insight

Global Camphene Market by Application (Synthetic Material, Pesticide, Flavor & Fragrance, and Others), and Regions, The Asia Pacific, Middle East Africa, Europe, North America, and Latin America) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2021 – 2031

The camphene market size was valued at USD 31.43 million in 2021 and is expected to surpass USD 46.29 million by 2031, expanding at a CAGR of 4.9 % during the forecast period, 2021–2031. The market's growth is attributed to aroma, health benefits, and use in various sectors.

INTRODUCTION

Camphene is an organic compound that belongs to a bicyclic monoterpene. It is an important organic synthetic material. Camphene offers a distinct & pungent aroma and has ample health benefits. The concentration of camphene is high. At room temperature, it gets volatilized. It comes in a colorless crystal form. It is used as a pesticide in agriculture and horticulture. It is soluble in organic solvents but insoluble in water. Camphene is widely used in flavors & fragrances, pesticides, and synthetic materials. The flavor & fragrance application of camphene accounts for the largest share of the market which is 59.1%. The future of camphene development is based on market demand.

Camphene is found in cypress, fir, spruce, cannabis, pine, ginger, rosemary, sage, and others. It is an effective substitute for camphor and is used in making perfumes, foods, essential oils, and others. In the 19th century, camphene was used for fuel in lamps, it was an affordable choice over oil.

Camphene is flammable; it may irritate eyes, skin, and lungs if used in access. It is safe to use while using it as an additive in products.

Market Trends, Drivers, Restraints, and Opportunities

• The health benefits of camphor drive the global camphene market.
• The use of camphene in various industries has created lucrative growth in the market.

Scope of the Report

Market Segment Insights

The flavor & fragrance segment is projected to register a considerable CAGR

Based on application, the camphene market is divided into synthetic material, pesticide, flavor & fragrance, and others. The flavor & fragrance segment is expected to expand at a rapid pace during the forecast period owing to the increasing demand of the segment. However, the synthetic material segment is anticipated to hold a key share of the market in the coming years. The growth of the segment is driven by attributed to its use in various industries such as sealants, lubricants, paints & coatings, adhesives, and others.

The Asia Pacific region is anticipated to constitute a key market share

In terms of regions, the camphene market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of the Asia Pacific region is expected to constitute a key share of the market during the projected period. Countries such as India and China have a major hold in the market. The manufacturers from this region are dominating the camphor market.

Competitive Landscape

Key players competing in the camphene market are Camphor & Allied Products (India); Orgsintez OJSC (Russia); Kanchi Karpooram (India); Fujian Green Pine (China); Saptgir Camphor (India); Suzhou Youhe Science & Technology (China); AIEn Industries (Mexico); Sky Dragon Fine-Chem (China).

FAQs

How much is the market worth?

The camphene market size was valued at USD 31.43 million in 2021 and is expected to surpass USD 46.29 million by 2031

During the forecast period, what is the CAGR of the market?

During the forecast period, the CAGR of the market is expected to be 4.9%.

What are the key drivers of the market?

The market's growth is attributed to aroma, health benefits, and use in various sectors.

What segments are covered in the camphene report?

The segments covered in the report are application (synthetic material, pesticide, flavor & fragrance, and others).

Mention which region is expected to hold the highest share of the camphene market.

The Asia Pacific region is expected to hold the highest share of the camphene market.

Which segment holds the largest market share in camphene by 2031?

The flavor & fragrance segment holds the largest market share in the camphene by 2031.

Mention the key players in the market.

Camphor & Allied Products (India); Orgsintez OJSC (Russia); Kanchi Karpooram (India); Fujian Green Pine (China); Saptgir Camphor (India); Suzhou Youhe Science & Technology (China); AIEn Industries (Mexico); Sky Dragon Fine-Chem (China).