Press release
Xanthan Gum Market Growth by Key Players: Cargill, ADM, Solvay, Dupont, Pfizer, CP Kelco, Fufeng Group Company Limited, Deosen Biocheical, Kantilal Brothers, Sancho & Lee, and Qingdao Unichem
Xanthan Gum Market
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Xanthan gum market from cosmetics may register growth of over 4.5% by the end of forecast timeframe. It is widely used in production of various beautifying agents. It is also used as thickening and settling specialist in restorative products such as shampoos, moisturizers and cleaners. Threats pertaining to synthetic care products along with increasing significance for natural beautifying products should boost product demand.
Key insights from the report include:
• Asia Pacific, led by China xanthan gum market size, dominated regional consumption. Rising geriatric population and changing climate conditions in China, Australia and India have raised concerns for skin problems, which are expected to fuel personal care products demand and contribute to xanthan gum market growth.
• North America, driven by the U.S. xanthan gum market share, is poised to grow at 5.3% CAGR by 2023. Strong pharma spending cue will be a telling factor on demand.
• Europe xanthan gum market size is expected to exceed in terms of revenue at USD 235 million by 2023. Pharmaceutical applications are expected to exceed USD 10.2 million by 2023. Increasing R&D investments across the pharmaceutical industry will drive growth.
• MEA, led by Saudi Arabia may grow significantly, with rising health expenditure coupled with government support.
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Xanthan Gum Application Analysis (Volume, Kilo Tons; Revenue, USD
Million, 2012 – 2023)
o Oil & gas
o Food & beverage
o Pharmaceutical
o Cosmetics
o Others
Xanthan Gum Regional Analysis (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2023)
o North America
o Europe
o Asia Pacific
o Latin America
o MEA
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Increase in end-user industries such as food & beverages, oil & gas, pharmaceutical and cosmetics, should stimulate xanthan gum market growth. It is utilized in enhanced oil recovery process in oil & gas industries for reducing water mobility by decreasing permeability and increasing viscosity. Oil & gas industries are in favor of enhanced oil recovery method as it increases production of crude oil & natural gas output from reserves. Growing usage of EOR process has resulted into high demand for xanthan gum.
Global xanthan gum market share is concentrated with key market players include ADM, Cargill, Pfizer, Solvay, Gum Technology, Unionchem, Dupont, and Fufeng Group Company.
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