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Borneol Market Segmented By Type such as Modified (Processed) and Unmodified (Raw) with Product Type such as Synthetic, Semi-Synthetic and Natural
Borneol is a crystalline cyclic alcohol that occurs in two enantiomer forms, it is denoted as C10H17OH, and is found in essential oils and specially used in making of perfumes and other olfactory substance. Borneol can be found in specific type of flora such as Kaempferia galanga, Blumea balsamifera and others.
Borneol can be easily oxidized to its ketone form which is commonly known as camphor and can be reduced from its oxidized form back to Borneol. Historically it is known as borneo camphor.
Borneol is used in the traditional Chinese medicine as a messenger drug that include variety of herbs as medicines. It is also a component of multiple essential oils. Borneol is extensively used to make perfumes and also finds application in combined formula for preventing cardiovascular disease as it tones the heart and improves circulation.
It also helps the digestive system by stimulating the gastric juice production, it also helps in treating bronchitis, coughs and colds.
Borneol is also used as a pain reliever for sprains and discomfort caused by rheumatic diseases, as it helps in reducing swelling and stress relief. Borneol is used as an ingredient or raw material for multiple olfactory substances, borneol is used in making number of perfumery items for its distinctive odor.
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Borneol Market: Driver
Borneol market is prominently held by pharmaceutical industry and perfumery industries. Recent years have witness a steady growth in the pharmaceutical sector due to the increasing ageing population and improvement in healthcare services.
Advancements in the pharmaceutical sector has helped the general population to cope up with multiple diseases whose treatment were not affordable to most of the general public. Moreover the growth in the pharmaceutical industry is expected to drive the borneol market owing to its vast application in the medicine field. Borneol is used for treating cardiovascular diseases (CVDs), CVDs are the number one cause of death globally.
Importance towards treating CVDs is accelerating, borneol is expected to witness an increase in demand as it is used to make multiple CVD related medicines. Borneol is also used for pain relief of rheumatic diseases, such as spondyloarthropathies which causes discomfort and pain in the spine, joint pains and pain related to tendon and muscle. The increasing pharmaceutical industry is expected to directly impact the borneol market.
Perfumes and deodorant have become an essential part of the personal care products owning to increase in awareness towards the importance of personal grooming.
Urbanization along with the improving living standards of the middle-class income group due to the increase in the disposable income of the emerging countries is expected to witness a slight growth in the perfume industry which in turn is expected to propel the borneol market in the future. Moreover, rising demand for regionally exotic and floral scents from consumers is expected to remain a favorable factor for the industry.
Borneol is derived from natural sources which makes the availability of raw materials easier for the manufacturers, borneol can be oxidized to camphor which is also a very useful product. Properties such as easy raw material availability and multiple applications is expected to drive the borneol market in the future.
Borneol Market: Restraints
Borneol is used in formulation of medicines and other healthcare products, due to which the manufacturers must undergo a stringent approval before selling them into the market.
Borneol is a very toxic compound, oral dosage can be lethal which has made government and chemical organization make stringent and stern laws maintaining safety procedures. Manufacturers face a lot of level of clearance from government to release products in the market for the general public.
Borneol Market: Trends
Usage of borneol as an excipient for central nervous system is gaining traction amongst the pharmaceutical and the medicine sector. Research have shown that borneol has successfully have better drug delivery ability for central nervous system for its blood-brain barrier permeability. Borneol is therefore believed to be an effective adjuvant that can improve drug delivery to the brain.
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Asia-Pacific holds a prominent share in the Borneol market. China is one of the leading countries in Borneol production owning to the rapid pharmaceutical growth. Increasing aging population in countries such as China and India is expected to drive the borneol market in the future. Increasing demand in personal care products in these regions have led to increase in the demand for Borneol for perfumes and deodorants.
Asia-Pacific is one of the leading producer of borneol, with roots of usage of borneol in the traditional Chinese medicine. Regions such as North America and Europe are expected to hold stable and prominent shares in the global borneol market. Middle East & Africa and reflect steady or moderate growth due to presence of less number of players in the region.
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Some of the global Borneol market are as follows: Deqing Yinlong Industrial, Huangpu Chemical Pharmaceutical, Santa Cruz Biotechnology, Inc., Hubei Junhui Pharmaceutical Co., LTD, Hubei Ocean Biotech Co., Ltd, Sonbon Forestry Science & Technology, Dutch East India Company and International Flavors & Fragrances among others.
