Press release
Guar Gum Worldwide Market to Exhibit +8.8% CAGR through 2017-2024
Global Gaur Gum Market Trend 2024
Guar gum is also known as guaran, is a made from guar beans that are having the thickening and stabilizing properties which is useful in various industries such as food industry. The applications of the gum are increasingly in the hydraulic fracturing industry. The guar seeds are dehusked, milled and screened for the preparation of guar gum. The gum is majorly produced as a free-flowing, off-white powder.
Market Analysis: Global Gaur Gum Market
The global gaur gum market accounted to USD 796.4 million in 2017 growing at a CAGR of 8.8% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Market Segmentation: Global Gaur Gum Market
• By grade the global gaur gum market is segmented into food-grade, industrial-grade, and pharmaceutical-grade.
• By function the global gaur gum market is segmented into thickening, gelling, binding, friction reducing, and other functions.
• By application the global gaur gum market is segmented into oil & gas, food & beverages, mining & explosives, paper manufacturing, pharmaceuticals & cosmetics, and others.
• Food & Beverages segment is further sub-segmented into bakery & confectionery products, dairy & frozen products, beverages, sauces & dressings, and others.
• On the basis of geography, global Gaur Gum market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2018, North America is expected to dominate the market.
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Major Market Competitors: Global Gaur Gum Market
Some of the major players operating in global Gaur Gum market are 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, and Rama Gum Industries among others.
Major Market Drivers and Restraints:
• Increasing Demand for Guar Gum in the Oil & Gas Industry
• Growing Applications of Guar Gum Owing to Its Multifunctional Properties
• Nonexistence of R&D Activities in Some Countries
• Higher Dependency On Crude Oil Prices
• Enhanced Consumption of Convenience Food
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Guar Gum is a type of products that derived from guar splits that obtained from guar seed.
Guar is a leguminous plant that grows to a height of three to six feet. It bears many beanlike pods, each of which contains six to nine small, rounded seeds.
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Major players in the global Guar Gum market :-
Hindustan Gum
Jai Bharat Gum and Chemicals
Neelkanth Polymers
Sunita Hydrocolloids
Vikas WSP
Guangrao Liuhe Chemical
Global Gums…
