Camphor (Cinnamomum camphor) is a white, crystalline substance with a powerful odor and pungent taste, derived from the wood of camphor laurel (Cinnamomum camphor) and other related trees of family Lauraceous. Camphor tree is native to China, India, Mongolia, Japan and Taiwan and a spread of this fragrant evergreen tree is grown in Southern United States; Especially in Florida. Camphor is obtained through steam distillation, purification and sublimation of wood, twigs and bark of the tree. There are many pharmaceutical applications for camphor like topical analgesic, antiseptic, antispasmodic, antipruritic, anti-inflammatory, anti-infective, rubefacient, contraceptive, mild expectorant, decongestant , cough suppressant, etc. Camphor is definitely absorbed through the skin and may even be administrated by injection, inhalation and ingestion.
Global camphor market is anticipated to grow at a CAGR of 7.9% over the forecast period. Factor such as the growing demand of the camphor in making medicine for different type of diseases is expected to drive the growth of the camphor market in upcoming years. Due to good chemical properties it has wide range of application in various end user industries such as pharmaceuticals, food, agriculture and chemical among several others. It is also used for making ointments with vapor for treating cough and chest congestion. Rising demand of camphor for the ointments is anticipated to drive the growth for the market.
Camphor are witnessed to experience high demand from various end-users within the global market. Due to the advantages provided by camphor for various applications has led to high demand for camphor within the market. Camphor provides high medicinal benefits such as pain and swelling reduction, relief from congestion and cough, relieves wiped out muscles, sprains, etc. Camphor is additionally utilized in manufacturing wide selection of Ayurvedic medicines. Growing demand from the pharmaceutical industry has therefore led to high demand for camphor within the market. Thus, due to demand it's best to invest during this project.
Few Indian major players are as under
Camphor & Allied Products Ltd.
Kanchi Karpooram Ltd.
Mangalam Organics Ltd.
Oriental Aromatics Ltd.
Saptagir Camphor Ltd.
Vinayak Ingredients (India) Pvt. Ltd.