Camphor is a waxy, flammable, white or transparent solid with a strong aroma. It is a torpedoed with the chemical formula C10H16O. It is found in the wood of the camphor laurel (Cinnamomumcamphora), a large evergreen tree found in Asia and also of the unrelated kapur tree, a tall timber tree from the same region. It also occurs in some other related trees in the laurel family, notably Ocoteausambarensis. The oil in rosemary leaves (Rosmarinusofficinalis), in the mint family, contains 10 to 20% camphor, while camphorweed (Heterotheca) only contains some 5%. Camphor can also be synthetically produced from oil of turpentine. It is used for its scent, as an ingredient in cooking, as an embalming fluid, for medicinal purposes, and in religious ceremonies.
Synthetic camphor is a plasticizer in paints and lacquers, and it stabilizes smokeless gunpowder pyrotechnics. For personal applications, synthetic camphor is found in such pharmaceuticals as antipruritics and anti-infective as well as in rubefacient medications that relieve pain and itching. It is also an ingredient in over-the-counter medications like cough remedies and ear drops. Used in the manufacture of cellulose nitrate, polyvinyl chloride and plastics.
The global market for synthetic camphor is estimated to be valued at US$ 322.3 Mn by the end of 2018 and is expected to reach a market value of US$ 571.6 Mn by the end of 2028, expanding at a CAGR of 5.9% over the forecast period. The global market is anticipated to represent incremental opportunity worth US$ 249.3 Mn between 2018 and 2028.
Synthetic camphor is used in production of insecticides such as moth repellants and mosquito repellants. With the rising awareness around the air purifying properties of synthetic camphor, the demand for synthetic camphor powder has seen an upsurge from the downstream producers of synthetic camphor tablets. Few manufacturers are also noted to offer synthetic camphor powder as well as tablets in addition to offering the two aforementioned grades of synthetic camphor. The increasing scope of applications of plastics has also proven to act in the favor of synthetic camphor as it is employed as a plasticizer in the production of celluloid and PVC plastics. Thus, due to demand it is best to invest in this project.
Few Indian major players are as under
Camphor & Allied Products Ltd.
Oriental Aromatics Ltd.
Saptagir Camphor Pvt. Ltd.
Vinayak Ingredients (India) Pvt. Ltd.
Mangalam Organics Ltd.