The guar gum market is projected to grow at a CAGR of 7.9%, in terms of value, from 2017 to reach a projected value of 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.
- Altrafine Gums
- Ashland Inc.
- Dabur India Ltd
- E.I. Dupont De Nemours And Company
- Global Gums And Chemicals Pvt Ltd
- Guangrao Liuhe Chemical Co., Ltd.
- Hindustan Gums And Chemical Limited
- India Glycols Ltd
- Ingredion Incorporated
- Jai Bharat Gums And Chemicals Ltd
- Lucid Group
- Neelkanth Polymers
- Rama Gum Industries
- Ruchi Soya Industries Limited
- Shree Ram Industries
- Supreme Gums Private Limited
Vikas Wsp Ltd.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Guar Gum Market, By Grade
7 Guar Gum Market, By Function
8 Guar Gum Market, By Application
9 Guar Gum Market, By Food & Beverage Application
10 Guar Gum Market, By Region
11 Regulations Governing the Guar Gum Market
12 Competitive Landscape
13 Company Profiles
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