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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Borneol Market Outlook
The global borneol market is aided by the growth of the essential oils industry, in which the product finds its significant application. The global essential oils market reached a volume of 222.97 thousand metric tons in 2023. The essential oil industry is further expected to grow at a CAGR of about 8% in the forecast period of 2024-2032.
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The Asia Pacific to Significantly Boost the Global Borneol Market Growth
Due to the presence of numerous pharmaceutical companies in the region, the Asia Pacific is expected to account for a significant portion of the global borneol market. Due to the product's significance in Chinese medicine, China is projected to hold a leading share in the borneol industry in the Asia Pacific. The borneol industry in North America is also expected to expand rapidly during the forecast period due to the rising production of biologic medicines in the region.
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Borneol: Market Segmentation
Borneol refers to a crystalline cyclic alcohol which is, particularly used for the production of perfumes and other smelling substances. Borneol is often used as a messenger drug in traditional Chinese medicine, containing a number of herbs. It is also a part of several essential oils. Borneol is also used to prevent cardiovascular disease in a combined solution as it tones the heart and enhances circulation.
Based on type, the industry can be divided into natural and synthetic. The natural segment can be further divided into the following types:
- D Borneol
- L Borneol
The products in the industry can be bifurcated into raw and processed. On the basis of applications, the market is segmented into:
- Pharmaceutical
- Personal Care
- Others
The regional markets for borneol can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Demand from the Pharmaceutical and Perfume Industries to Aid the Market Growth
The pharmaceutical and perfume sectors are significantly contributing to the demand for borneol. The pharmaceutical industry has gradually grown in recent years as the population is ageing and health services have been strengthened. The rapid advancements in the pharmaceutical industry have also contributed to the growth of the borneol industry as borneol is extensively used in the treatment for rheumatic diseases like spondyloarthrosis. The rise in the disposable incomes in the emerging markets is anticipated to be followed by the improved living standards of the middle-class, as well as by a mild growth in the perfume industry, which is, in effect, anticipated to propel the market for borneol forward. In addition, the increasing demand for exotic and floral consumer products from the emerging regions is projected to further contribute to the industry's growth.
Key Industry Players in the Global Borneol Market
The report gives a detailed analysis of the following key players in the global borneol market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Santa Cruz Biotechnology, Inc.
- Hunan Sonbon Forestry Science & Technology Co., Ltd.
- VDH Organics Pvt. Ltd.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Product |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global essential oil market attained a volume of 222.97 thousand metric tons.
The essential oil market is projected to grow at a CAGR of 8% between 2024 and 2032.
The major drivers of the industry, such as rising disposable incomes, increasing population, increasing hygiene awareness, improving lifestyles, and growing demand from the cosmetics industry, are expected to aid the market growth.
The key trends guiding the growth of the market include the rising demand for exotic and floral consumer products and growing advancements in the pharmaceutical industry.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading types of borneol in the industry are natural and synthetic.
The major products of borneol in the market are raw and processed.
The significant application segments in the industry are pharmaceutical and personal care, among others.
The major players in the industry are Santa Cruz Biotechnology, Inc., Hunan Sonbon Forestry Science & Technology Co., Ltd., and VDH Organics Pvt. Ltd., among others.
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