Press release
Xanthan Gum Market Outlook 2016-2023 by Top Key Players: Unichem Laboratories Limited, Archer Daniels Midland Company, Cargill, CP Kelco, Pfizer, DuPont, Solvay
Xanthan Gum Market
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North America xanthan gum market size worth USD 220 million in 2015, is predicted to register a CAGR of 5.3% over 2016-2023. Heavy expenditure on medicines along with expansion of pharmaceutical sector is expected to drive the product demand in the region. U.S. is expected to contribute significantly towards the regional growth over the coming years. Europe xanthan gum market is expected to surpass USD 235 million by 2023 owing to growing demand for personal care products along with rising R&D investments on pharmaceutical sector. Germany, UK, Italy, and France are projected to be the major revenue pockets of the region over the coming years.
Browse key industry insights from the report, “Xanthan Gum Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/xanthan-gum-market
Key insights from the report include:
• Oil & gas applications are set to grow at 6.2% CAGR in revenue terms. Strong Chinese O&G indictors, will drive xanthan demand.
• MEA, led by Saudi Arabia may grow significantly, with rising health expenditure coupled with government support.
• Global xanthan gum market share is consolidated. Deosen Biochemical, Fufeng Group, CP Kelco, DuPont, ADM and Cargill are among notable industry players. Other participants include Pfizer, Sancho & Lee, Meihua Holdings, Solvay Group, Kantilal Brothers, Jungbunzlauer and Qingdao Unichem.
Increasing R&D investments by major companies to explore untapped applications of xanthan gum, anticipated to open new avenues.
Increased drilling activities in North America on account of growing demand for petroleum and petroleum based products in oil & gas industry to boost xanthan gum market share. Rising expenditure on technological development in oil & gas sector to increase the production output for crude oil and natural gas resulted in growing importance for enhanced oil recovery (EOR).
Industry Impact forces
• Growth drivers
1. Oil & gas industry growth
2. Booming food & beverage sector
3. Growth in cosmetic industry
4. Favorable regulations
• Industry pitfalls & challenges
1. Threat of substitute from guar gum
Xanthan Gum Market size is expected to reach USD 1.184 billion by 2023; according to a new research report by Global Market Insights, Inc.
o Xanthan Gum Application Analysis (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2023)
• Oil & gas
• Food & beverage
• Pharmaceutical
• Cosmetics
• Others
o Xanthan Gum Regional Analysis (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2023)
• North America
• Europe
• Asia Pacific
• Latin America
• MEA
Approvals from FDA and USDA for the use of product in medicines and bakery foods. FDA recognized the use of product for direct food human consumption under the Code of Federal Regulations (CFR 21) to fuel in food & beverage and pharmaceutical applications. Imposition of antidumping duties by the U.S. Department of Commerce may affect xanthan gum market price trend.
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Cargill
2. Deosen Biochemical Ltd
3. Fufeng Group
4. Gum Technology
5. Hebei Xinhe Biochemical Co Ltd
6. Jungbunzlauer
7. CP Kelco
8. Meihua Holdings Group Co., Ltd.
9. Pfizer
10. KANTILAL BROTHERS - India
11. Unichem Laboratories Limited
12. Archer Daniels Midland Company
13. DuPont
14. Qingdao Unionchem Co., Ltd
15. Sancho & Lee Pty Ltd
16. Solvay
Xanthan gum finds its applications in cosmetics, oil & gas, and pharmaceutical sector. Xanthan gum market revenue in oil & gas sector worth USD 300 million in 2015, is expected to grow at a rate of 6.2% over 2016-2023. The growth can be credited to its wide application in horizontal drilling as well as demand for better control of drilling solids. Xanthan gum market share in pharmaceutical sector is predicted to exceed USD 55 million by 2023, with expected gains of 5.2% over 2016-2023. The growth can be credited to its use as diluents & disintegrants in tablets as well as protective colloids in suspensions.
Global Market Insights has segmented the xanthan gum industry on the basis of application and region:
Browse Related Report :
Phosphorescent Pigments Market: https://www.gminsights.com/industry-analysis/phosphorescent-pigments-market
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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