The Global Guar Gum market accounted for $761.3 million in 2017 and is expected to reach $1,611.23 million by 2026 growing at a CAGR of 8.6% during the forecast period.
Factors such as rising demand for guar gum in the oil & gas industry, growing demand for dairy, convenience & frozen foods and developing applications of guar gum due to its multifunctional properties are propelling the market growth.
However, lack of R&D activities in various countries and fluctuating costs of guar and its products are hampering the growth of the market.
Expanded consumption of convenience food and fast growth in the global pharmaceutical industry provides ample opportunities for the market.
By application, in the Oil and Gas Industry, guar gum has been adopted for use by petrochemical companies for its thickening properties. These properties are used during drilling applications where huge viscosity water is required to extract oil and natural gas from shale rock formations.
Key Topics Covered
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Guar Gum Market, By Function
6 Global Guar Gum Market, By Grade
7 Global Guar Gum Market, By Application
8 Global Guar Gum Market, By Geography
9 Key Developments
10 Company Profiling
- Ashland Global Specialty Chemicals Inc.
- Dabur India Limited
- Global Gums And Chemicals Pvt Ltd
- Ingredion Incorporated
- Lucid Group
- Rama Gum Industries India Limited
- Shree Ram Industries
- Vikas WSP Ltd.
- Altrafine Gums
- E. I. du Pont de Nemours and Company
- Guangrao Liuhe Chemical Co. Ltd.
- India Glycols Limited
- Jai Bharat Gum & Chemicals Ltd
- Neelkanth Polymers
- Ruchi Soya Industries Limited
- Supreme Gums Private Limited
- Hindustan Gums and Chemical Limited
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