Growing Demand For Global Guar Gum Market From 2017 To 2025 - Size, Trend, Share, Opportunity Analysis, and Forecast, 2014-2025
Guar Gum Market Overview: • Guar gum also known as gum cyamopsis or guar flour is derived from the seed of the guar plant. It is white to yellowish white in appearance and is an odorless, free-flowing powder with a bland taste. It is soluble in cold water, forms a highly viscous solution, and remains insoluble in organic solvents. It is widely used as an emulsifier, thickener, and stabilizer in the food and cosmetics industry. It has gained its commercial importance because of its use in the oil & gas sector. • Request Sample report: • In oil & gas well drilling mud, guar gum acts as a colloid to reduce water losses, regulate the viscosity of mud solutions, and thus stabilizes & regulates the flow properties of drilling mud. It has excellent solution rheology, which is why it is used as a surfactant and anti-foaming agent for water-based and brine-based drilling fluids. Guar derivatives, which include hydroxypropyl guar (HPG) and carboxymethyl hydroxypropyl guar (CMHPG), are extensively used during the hydraulic fracturing to extract oil & gas. Moreover, it is also used as an additive to improve the strength of certain grades of paper.
Guar Gum Market Overview: The guar gum market is segmented on the basis of grade, function, application, and geography. Based on grade the market is divided into food-grade, industrial-grade, and pharmaceutical-grade. Based on function the market is classified into thickening, gelling, binding, friction reducing, and others. On the basis of application, the market is segmented into oil & gas, food & beverages, mining & explosives, paper manufacturing, pharmaceuticals & cosmetics, and others. The geographic breakdown and deep analysis of each of the aforesaid segments have been covered for North America, Europe, Asia-Pacific, and LAMEA.
Market Dynamics: • Drivers: • Growing demand for guar gum in the oil & gas industry • Increasing applications of guar gum due to its multifunctional properties • Restraints: • Fluctuating prices of guar and its products • Lack of R&D
Market Players: The top players in the global guar gum market are Cargill Incorporated, 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., and Neelkanth Polymers.
MARKET LANDSCAPE By Grade By Function Thickening Gelling Binding Friction Reducing Others • Food-Grade • Industrial-Grade • Pharmaceutical-Grade
By Application Oil & Gas Food & Beverages Bakery & Confectionery Dairy & Frozen Products Beverages Sauces & Dressings Mining & Explosives Paper Manufacturing Pharmaceuticals & Cosmetics Others
By Geography North America U.S. Canada Mexico Europe UK Germany France Spain Italy Rest of Europe Asia-Pacific China Japan India Australia South Korea Rest of Asia-Pacific LAMEA Brazil Saudi Arabia South Africa Rest of LAMEA
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