Albany, NY -- (SBWIRE) -- 02/13/2019 -- Preferably obtained from turpentine oil, pharma-grade synthetic camphor has had a surge in applications in fine chemistry procedures, medical formulations and hygiene products. Augmenting sales in retail sector coupled with lower rates of side effects vis-à-vis oral analgesics are projected to up the demand in medical industry for pharma-grade synthetic camphor. These aforementioned insights are according to the report titled, "Pharma-grade Synthetic Camphor Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028," which has been lately incorporated in the exhaustive repository of Market Research Hub (MRH). Assessing a host of factors in terms of market revenue, pharma-grade synthetic camphor market is expected to grow at a CAGR of over 4% during the assessment period 2018-2028.
Analgesic products are hugely popular in the U.S. as FDA approval is not required and it is being widely promoted by retailers. In addition, retailers prefer stocking and selling private labels as it can be done with moderate investment and is financially favorable.
The global economic growth, surge in export, manufacturers' efficient supply chains and expanding production capacities are projected to propel the growth of pharma-grade synthetic camphor.
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Self-Medication to Underpin the Market
Over the counter medications (OTC) is widely available at pharmacy chains which reveal an increasing trend of self-medication containing camphor. Manufacturers of pharma-grade synthetic camphor vie opportunities in growing cases of fungal infections, cold scores, flu and inflammation.
However, the underlying issues of camphor are poisoning and intoxication which may turn out to be lethal. Consequently, US FDA strictly states to use specific camphorated oil products with only doctor prescriptions. In addition, soaring raw material cost is likely to hamper the growth of the market.
Pharma-grade Synthetic Camphor Market: Report Content
The report provides quantitative and qualitative analysis on the pharma-grade synthetic camphor market for the assessment period 2018-2026. The report also delineates the drivers, opportunities, restraints and trends having considerable influence in the growth of pharma-grade synthetic camphor market. The segregation of the market has been done to provide a holistic view of the pharma-grade synthetic camphor market. The market is segregated with respect to formulation, application, distribution channel and region.
The report incorporates market overview section which gives actionable insights on market outlook and value chain analysis. The overview section also delineates the market through industry SWOT analysis. Porters' Five Force Analysis included in the section gives holistic view of the competition landscape of the market.
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The last section of the pharma-grade synthetic camphor market includes competitive scenario with a dashboard view. The section incorporates financial overview, company overview, key differentiators, product portfolio, strategies and recent development. A few of the companies profiled in the report are Oriental Aromatics Limited, Prinova Group LLC, Rochem International Inc., Spectrum Chemical Mfg. Corp. and Nippon Fine Chemical Co. Ltd.
Pharma-grade Synthetic Camphor Market: Research Methodology
The research methodology in this report incorporates of primary resources, secondary resources, and assessment from experienced panel of expert. Primary resources consists of e-mail interactions, telephonic interviews, and reviews of the pharma-grade synthetic camphor market. Secondary resources in the report embody stock analysis presentation, annual reports, press release, SEC filings, government document, World Bank database, market reports, relevant patent and regulatory database. Panel of expert rigorously assesses the report to provide readers with actionable insights. The segments have been assessed on the basis of basis point share (BPS) to comprehend the impact of segments on growth of the market. The absolute dollar opportunity analysis with segmented split have been delineated in the report.
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