According to SPER Market Research analysis,
the global Guar Gum market generated USD 920.72 million in 2019 and likely to reach USD 1541.6 Million in 2027, with a CAGR of 6.44%, during the forecast period (2020-2027). The growing need for Guar Gum in the oil & gas industry for hydraulic fracturing in shale oil & gas extraction will accelerate the global guar gum market in the future timeline. Moreover, the surge in need for guar gum in the pulp and paper industry as a wet-end strength additive to improve the physical properties of paper and in the mining industry as a settling agent to speed up the settling of the suspended part will trigger the global guar gum market in the next few years. Guar Gum is an important ingredient in creating nourishment emulsifiers, food additive, nourishment thickener, and other guar gum items.
The augmentation in usages of guar gum as a disintegrating agent and making tablets and binder in the pharmaceutical industry will influence the global guar gum market in the forecast period. Guar gum used in the printing, finishing as well as textile industries due to its excellent thickening and film-forming properties.
Additionally, the rapid economic development in developing countries resulted in augmented growth. SPER Market Research analysts estimate the Guar Gum has become a key food additive in the food and beverage industry includes regional analysis on North America Asia-Pacific, Europe, South America, and Middle East & Africa.
Companies Covered
- E. I. du Pont de Nemours and Company
- Cargill
- Shree Ram Industries
- Ingredion Incorporated Ashland Inc.
- Vikas WSP Limited
- Hindustan Gums and Chemical Limited
- Dabur India Ltd.
- India Glycols Ltd.
- Neelkanth Polymers
- Lucid Group
- Global Gums and Chemicals Pvt Limited
- Guangrao Liuhe Chemical Co., Ltd.
- Jai Bharat Gums and Chemicals Ltd
- Altrafine Gums
- Supreme Gums Private Limited
- Ruchi Soya Industries Limited
- Other Prominent Players
Key Questions Answered by Report
- What was the market size trend of 2015-19?
- What will be the market size trend of next 4-5 years?
- What are the most common brands in terms of value?
- And others
Reasons to buy this report
- This SPER Market Research report will help to develop Business Strategies by understanding the trends shaping and driving Guar Gum market
- Organize sales and marketing efforts by identifying the best opportunities for Guar Gum market
- To understand the future market competition in the Global Guar Gum market
The report is based on in-depth qualitative and quantitative analysis of the Global Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Browse report overview on "Global Guar Gum Market by Grade (Food-Grade, Industrial-Grade, and Pharmaceutical-Grade), by Function (Thickening, Gelling, Binding, Friction Reducing and Others), by Application (Food & Beverages (Bakery & Confectionery Products, Dairy & Frozen Products, Beverages, Sauces & Dressings and Others), Oil & Gas, Paper Manufacturing, Mining & Explosives, Pharmaceuticals & Cosmetics and Others), and By Region (North America, Europe, Asia Pacific, South America, and Middle East &Africa) , Global Forecast to 2027" at:
https://www.sperresearch.com/report-store/Global-Guar-Gum-Market.aspx