China Cedar Wood Oil Market Analysis and Value Forecast Snapshot by End-use Industry 2018-2028
Global China Cedar Wood Oil Market Overview
China Cedar wood oil is an essential oil derived from the Chinese Cedar wood and has applications in the form of medicine due to its antibacterial and fungicide properties. Cedrol, widdrol, thujopsene, alpha cederene, beta cedrene, and a range of sesquiterpenes are the key components involved in the China Cedar wood oil. The China Cedar Wood oil has found applications in art, in industrial applications and fragrance industry. Multiple applications of the product are projected to drive the global China Cedar Wood oil market. On the other hand, the China Cedar Wood oil market is restrained by the restricted consumption of the China Cedar Wood oil in consumer products owing to the risk of liver and pulmonary toxicity with high exposure to the China Cedar Wood oil, specifically in the United States. ISO and FMA standards have limited the concentration of China Cedar Wood oil to be sold for end-use. China exports around half a thousand ton of China Cedar Wood oil annually. The China Cedar Wood oil market can be segmented by the source as foliage, root, woods, and leaves. The China Cedar Wood oil market is exposed to the threat of trade policies for the plant-derived essential oils which are framed by the national government to control afforestation. The China Cedar Wood oil market players are promoting China Cedar Wood oil as a biochemical pesticide, and create high incremental revenue opportunity in the agriculture sector driven economy of India.
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Global China Cedar Wood Oil Market Dynamics
The rich colour, warm temperature, and woody scent properties along with several health benefits of China Cedar wood are employed in skin care or cosmetic applications across the globe. No additives, chemicals, or solvents are used at any point during the recovery process. Sedating capabilities are one of the skin care benefits of the China Cedar wood oil which cause relief from itching. These factors are projected to drive the global China Cedar wood oil market during the forecast period. China Cedar wood oil’s astringent action works on hair dandruff, acne, as well as oily skin issues. It has a soothing and calming effect which provides relief to mind from all kinds of anxiety. China Cedar wood oil also helps urinary infections and combat chest, and also used as a general tonic, apart from the positive effect on membranes. However, the growth of China Cedar wood oil market is restrained by the lack of public knowledge about all these benefits.
Global China Cedar Wood Oil Market Regional Outlook
The robust capability of China to process the domestic sources have concentrated the manufacturing of China Cedar wood oil in the country. Although, the country supplies a significant volume of China Cedar wood oil to other Asia and European countries. The Asia Pacific is a highly attractive region for the China Cedar wood oil market and exhibits rapid growth due to the high economic growth resulting from the presence of emerging countries such as China in the region. Rapidly developing pharmaceutical industry in the APEJ region is the prime driver for the high growth of the China Cedar wood oil market in the region. The demand for herbal supplements and essential oils is significantly elevated in the developed countries of North America and Western Europe have fuelled the regional demand for China Cedar wood oil.
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Global China Cedar Wood Oil Market Key Players
Some of the key players in the global China Cedar wood oil market are
- Foreverest Resources Ltd
- De Monchy Aromatics
- Berjé Inc.
- Inovia International
- Katyani Exports
- Reynaud & Fils
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