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Global Borneol Market to Witness a Healthy Growth During 2021-2026, Driven by the Rising Demand for Essential Oils

According to a new report by EMR titled, ‘Global Borneol Market Report and Forecast 2021-2026’, the global market for borneol is being driven by the essential oils market, which attained a volume of 177 thousand metric tons in 2020. The essential oil industry is projected to grow at a CAGR of 8% in the forecast period of 2021-2026.

The global market for borneol is being driven by the rising personal care industry. Perfumes and deodorants have become an integral part of the products of personal care that boost awareness of the importance of personal hygiene. The rising urbanisation and the improving living standards of the middle class due to the rise in disposable incomes are expected to drive the perfume industry, further boosting the growth of the borneol industry. With the continuing expansion of major retailers like Amazon (NASDAQ: AMZN) and Walmart, especially into emerging markets, the market for personal care products such as perfumes and deodorants are expected to witness a robust growth in the coming years, thus, propelling the growth of the borneol industry forward.

The existence of various specialty chemicals and bulk chemical manufacturers have been driving the demand for the product, especially in North America and Western Europe. There have been several transformations in the production methods that are expected to drive the growth of the borneol industry in these regions. The growth of large end-use industries, including maritime, construction and infrastructure, and automotive and transport industries, among others, is likely to boost the industry in the Asia Pacific.

Market Analysis by Type, Product, Application, and Regions:

  • The types of borneol available in the market include natural and synthetic. 
  • The products available in the industry can be divided into raw and processed.
  • Borneol finds wide applications in pharmaceutical and personal care industries, among others.
  • The regional markets for borneol include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The rapid urbanisation, increasing per capita income, and improved living standards are expected to boost the industry substantially.
  • The industry is primarily being driven by the rising demand from the pharmaceutical and perfume industries.
  • The rise in the pharmaceutical sector is likely to drive the market, owing to its vast application in the medicine field.
  • The growing demand for exotic and floral consumer goods is anticipated to catalyse the market growth in the coming years.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for borneol for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the types, products, applications, and major regions of borneol.
  • It also provides detailed regional price trends of the product for the periods (2016-2020) and (2021-2026).
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global borneol market are Santa Cruz Biotechnology, Inc., Hunan Sonbon Forestry Science & Technology Co., Ltd., and VDH Organics Pvt. Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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