Guar Gum Market – Opportunity Analysis Till 2026 Guar gum is also known as “gellan gum” is a natural polymer extracted from the guar seed. The food industry accounts for 70% revenue share in guar gum market. Also, its colloidal nature and emulsifying property make it ideal thickening agent. However, fluctuating oil price, oversupply and gradual emergence of superior alternatives are some of the factors restraining growth of market in this region. Request :https://www.coherentmarketinsights.com/insight/request-sample/558 For Sample Copy of this Research Report Guar Gum Market Outlook Asia Pacific accounts for smaller market share for guar gum consumption. However, it is a major raw material source for guar seeds. 80% of the world’s guar is produced by India in Rajasthan, Gujarat, and Haryana. Currently, guar gum is used in the food, textile, and pharmaceutical industries in the Asia Pacific region. North America and Europe are the largest markets for guar gum powder due to application in the food industry as an additive and oil industry as a fracturing agent. Hence, increasing drilling activities in the U.S. shale industry has increased the demand for guar gum, thus driving market growth. Africa is a small player in this market and is not expected to experience much growth over the forecast period. Latin America also demonstrates significant growth in the guar gum market. The productivity of processed foods such as cheese, sausages, soups and animal feed preparations increases on addition of guar gum.
Propel SSP, manufactured by Fairmount Santrol Company, based in the U.S., is an alternative to guar gum proppant, which is a cheaper and technically superior alternative. Though, currently in research and trial stage, Propel SSP market is expected to grow due to the successful trials in Marcellus and Utica shale, which is expected to hinder growth of market. Major players in the Guar Gum Market include Penford Corp., TIC Gums, Inc., Lucid Group, Vikas WSP Limited, and Ashland Inc. For More Information:https://tinyurl.com/y329rzvn About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email: email@example.com