Press release
Guar Gum Market Size, Share, Growth, Trends 2022
Guar Gum
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The guar gum market is projected to grow at a CAGR of 7.9% from 2017 to reach USD 1,115.8 million by 2022. The demand for guar gum is projected to be on the rise, owing to factors such as the booming oil & gas industry, increasing demand for convenience and processed food, and growth in innumerable applications such as mining, explosives, pharmaceutical, cosmetic, and paper industries, due to their multi-functional properties. Growth in shale gas production and increasing demand for frozen and dairy food products, are fueling the growth of guar gum demand. However, the market for guar gum is expected to fluctuate due to its high dependency on rainfall and the crude oil market. Also, the development of substitutes such as xanthan gum and locust gums can pose as a restraint for the market growth.
In terms of both value and volume, the oil & gas segment is projected to grow at the highest rate between 2017 and 2022. Due to functional properties such as friction reduction, thickening, gelling, and high viscosity, guar gum is widely used in oil well drilling, geological drilling, and water drilling activities. The rise in oil drilling and oil recovery activities in countries such as Saudi Arabia, Iran, Iraq, the U.S., Canada, and Argentina is expected to increase the demand for guar gum in the coming years.
Break-up of primaries :
• By Company Type: Tier 1 – 50 %, Tier 2 – 20%, and Tier 3 – 30%
• By Designation: C level – 40%, Director level – 30%, and Others – 30%
• By Region: North America –20%, Europe – 17%, Asia-Pacific – 48%, and RoW – 15%
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Key Points From Table Of Content :
Company Profiles :
(Overview, Products and Services, Financials, Strategy & Development)*
• Cargill
• E.I. Dupont De Nemours and Company
• Shree Ram Industries
• Ingredion Incorporated
• Ashland Inc.
• Vikas WSP Ltd.
• Hindustan Gums and Chemical Limited
• Dabur India Ltd
• India Glycols Ltd
• Neelkanth Polymers
• Lucid Group
• Global Gums and Chemicals Pvt Ltd
• Guangrao Liuhe Chemical Co., Ltd.
• Jai Bharat Gums and Chemicals Ltd
• Altrafine Gums
• Supreme Gums Private Limited
• Ruchi Soya Industries Limited
• Rama Gum Industries
Research Coverage :
The guar gum market has been segmented on the basis of grade, application, function, food &beverage application, and region. In terms of insights, this research report has focused on various levels of analyses—industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global guar gum market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, opportunities, and challenges.
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