Camphor is increasingly being used in a variety of applications due to its antibacterial, antifungal, and anti-inflammatory qualities. Furthermore, higher disposable income and increased use of camphor tablets in religious rites in the Asia-Pacific region boost market expansion. Furthermore, increasing usage of camphor in the treatment of cough, congestion, skin infections, and reducing joint pain and swelling, among others, contribute to the expansion of this Camphor Market size throughout the projection period. Because of its widespread use as an anti-inflammatory and decongestant, the pharmaceutical grade segment accounts for more than 40% Pharmaceutical grade camphor has been accredited by the World Health Organization's (WHO) Good Manufacturing Practice (GMP) and the USFDA (United States Food & Drug Administration). Furthermore, rising demand for topical pain treatment products propels market expansion. The presence of several Pharma-grade camphor manufacturers in China, as well as the widespread availability of raw materials in China and India, is also contributing to market expansion.
