Camphene Market Size, Share, Growth, And Industry Analysis, By Type (78%-79% Content, 45% Content, 82% Content, and Others), By Application (Flavor Spices, Synthetic Materials, and Pesticides), Regional Forecast From 2024 To 2031

Updated On: 08 April 2024

Camphene Market Report Overview

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The global camphene market size is expected to be USD 44.29 million in 2021 and the market is expected to reach USD 78.2 million in 2031, exhibiting a compound annual growth rate (CAGR) of 5.85% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with camphene experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels.

A bicyclic monoterpene is camphene. It is extremely soluble in typical organic solvents but almost insoluble in water. It has a strong fragrance and volatilizes easily at room temperature. Many essential oils, including turpentine, cypress, camphor, citronella, neroli, ginger, and valerian, contain it in trace amounts. The more prevalent alpha-pinene is catalytically isomerized to create it in an industrial setting. Camphene is made into fragrances and added to food as a flavoring agent. Its explosiveness prevented its widespread usage as a lamp fuel in the middle of the 19th century.

COVID-19 Impact: Lockdown Restrictions Shackled Manufacturing Activities

Since the epidemic took control of the normal patterns and methods of life of the average person, market participants have been struggling to stay aware of the trends and supply new and altered preferences and demands. The supply chain for the raw materials needed to create cosmetic devices has been hampered in various nations as a result of COVID-19.

Latest Trends

"Increasing Demand from Industrial Sector to Increase Market Size"

The method for making camphene from alpha-pinene is covered by the invention. The catalyst employed in the invention is used to catalyze an isomerization reaction of alpha-pinene, and the catalyst is used in amounts ranging from 0.1 to 20% of the mass of alpha-pinene at temperatures between 100 and 170 degrees Celsius. According to the invention, the catalyst utilized has high catalytic activity and is used to prepare camphene using alpha-pinene as a raw material; camphene selectivity may reach more than 90%; the method provides a novel approach for producing camphene and has numerous industrial applications.

Camphene Market Segmentation

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• By type

On the basis of type, the market is divided into 78%-79% Content, 45% Content, 82% Content, and Others.

• By Application

On the basis of application, the market is divided into Flavor Spices, Synthetic Materials, and Pesticides.

Driving Factors

"Increasing Adoption from Fragrance Industry to Fuel Market Growth"

Increased demand for fragrance components, which in turn drives demand for crude sulphate turpentine, and increased use of crude sulphate turpentine in a variety of personal care products in nations like China, India, and Brazil are some of the reasons driving the market.

"Rising Involvement of Crude Sulfate to Accelerate Market Expansion"

Competitors are drastically lowering manufacturing costs while maintaining sustainability by using renewable feedstock and renewable leftovers from other industries as a beginning raw material. The main objective for new rivals is to provide an effective rectification technique for crude sulphate turpentine. In addition to applying biotechnology to create hybrid trees and improved forest management practices to generate crude sulphate turpentine, producers are concentrating on sourcing sustainable raw materials. For instance, using cutting-edge genetics associated with high resin production, the University of Florida has created novel techniques to boost the pine oleoresin flow within trees.

Restraining Factors

"Flammable Properties to Impede Market Expansion"

In larger concentrations, camphene crystal can irritate the eyes, nose, and throat. Due to its high flammability, camphene should be kept away from open flames to reduce the risk of combustion and smoke inhalation.

Camphene Market Regional Insights

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"Presence of Aromatic Chemicals to Foster Growth in North America "

Camphene market share is anticipated to be highest in North America. This is explained by the fact that the region has a large aromatic chemical and paint industry, both of which use crude sulphate turpentine. Turpentine is widely produced and used in nations like the U.S. and Canada.

Additionally, these nations export crude sulphate turpentine to a number of places, including Africa and the Asia-Pacific. Turpentine is mostly consumed by nations in the Asia-Pacific region like China and India. The large population in nations like China and India, along with the rising demand from the personal care product industry, are the primary reasons that are anticipated to propel the camphene market growth in this region.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Orgsintez OJSC (Russia)
• Mangalam Resins & Terpenes (India)
• Penta (Germany)
• Camphor & Allied Products (Mumbai)
• Himachal Terepene Products Private Limited (HTPPL) (India)
• DTi (U.S.)
• Saptagir Camphor (India)
• Sky Dragon Fine-Chem (China)
• Solvay (Belgium)
• Kanchi Karpooram (India)
• Himachal Terepene (India)
• CABB GmbH (Germany)
• Foshan Sanshui (China)
• Fujian Green Pine (China)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.