Menu ×

CONSUMER GOODS & FOOD

Guar Gum Market Segmentation by Grade (Food, Industrial, and Pharmaceutical); by Application (Thickening, Gelling, Binding, Friction Reducing, and Others); by End User (Oil & Gas, Food & Beverage, Mining & Explosives, Paper Manufacturing, Pharmaceuticals & Cosmetics, and Others) – Global Demand Analysis & Opportunity Outlook 2019-2028

  • Text Size:

Extensive insights into the Growth of Guar Gum Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

Read More

Global Guar Gum Market Highlights Over 2019 - 2028

The global guar gum market is estimated to grow with a CAGR of 6.9% during the forecast period, i.e., 2021-2028. The market is further projected to attain a market revenue of USD 1111.8 Million by the end of 2028 from USD 787.6 Million in 2019. The growth of the market can be attributed primarily to the growing demand for guar gum from the oil & gas industry as its derivatives are extensively used across a wide array of applications, especially in green corrosion inhibitors, drilling fluid formulations, dispersants, and others.

Guar Gum MarketIndustrial grade guar gum is used as a thickening agent in the hydraulic fracturing for oil recovery and oil stimulation. Guar gum renders the hydraulic fracturing water viscous and thus make it capable of carrying and suspending proppant deep into the fractures created via the water pressure. In addition, the high viscosity of this biopolymer molecule also greatly reduces the friction and thereby augment water pressure. Moreover, the development of hydrophobically modified guar gum derivative (HMGG) for fracturing fluid formulations is also expected to result in the increased application of guar gum in oil and gas industry over the forthcoming years. The market is further projected to grow on account of the growing production of crude oil worldwide and therefore the need for guar gum in the oil & gas industry. According to the statistics by the United States Energy Information Administration (EIA), the annual production of crude oil and liquid fuel around the world reached 100.660 Million barrels per day in the year 2019 and is further projected to reach 101.822 Million barrels per day by the end of 2022.  CLICK TO DOWNLOAD SAMPLE REPORT  

Crude Oil

Further, growing adoption of guar gum in the pharmaceutical industry as a natural polymer, along with the rising popularity of convenience food products, such as soups, bread, and others, where guar gum is used a natural hydrocolloid, are some of the additional factors anticipated to drive the market growth.

Global Guar Gum Market Regional Synopsis

Regionally, the global guar gum market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America is anticipated to hold the largest market share throughout the forecast period and is further projected to reach a value of USD 590.3 Million by the end of 2028. The market in the region is also anticipated to grow with the highest CAGR of 7.7% during the forecast period. Further, in the year 2028, the market in the region is projected to hold the largest share of 53.09%. The growth of the market in the region can be attributed to the increase in adoption of guar gum for hydraulic fracturing in the oil and gas industry. Amongst the countries in the region, the market in the United States held the largest share during the forecast period. Increasing number of shale oil reserves in the country, and the increasing imports of guar gum in the country from Asian countries are some of the major factors projected to drive the market growth. The guar gum market in the United States is further projected to grow with the highest CAGR of 7.8% during the forecast period.

The study further incorporates Y-O-Y Growth, market opportunities, demand & supply and forecast future opportunity in North America (United States, Canada, Mexico), South America, Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).

Growth Drivers and Challenges Impacting the Growth of the Global Guar Gum Market

Growth Drivers

  • Growing Demand for Guar Gum from the Oil & Gas Industry
  • Increasing Adoption of Guar Gum in the Pharmaceutical Industry

Challenges

  • Volatility in the Price of Raw Materials

Global Guar Gum Market Segmentation Synopsis

The global guar gum market is segmented by grade into food, pharmaceutical, and industrial. Out of these segments, the industrial grade segment is projected to hold the largest share of the market during the forecast period and is further anticipated to touch USD 605.3 Million by the end of 2028. The segment is also anticipated to grow with the highest CAGR of 7.0% during the forecast period. Industrial grade guar gum is used in a wide array of industries namely oil & gas, explosives manufacturing, paper, textile, and others. It is used as a sizing agent, thickening agent, wet-end additive, and gelling agent in these industrial applications. Industrial grade guar gum powder is available in a broad range of particle size and viscosity. The market is further segmented based on application into thickening, gelling, binding, friction reducing, and others. Amongst these segments, the thickening segment is anticipated to grow with the highest CAGR of 7.1% during the forecast period. Based on end user, the market is segmented into oil & gas, food & beverages, mining & explosives, paper manufacturing, pharmaceuticals, personal care & cosmetics, and others. Out of these, the pharmaceuticals segment is projected to grow with the highest CAGR of 7.2% during the forecast period.

Key Companies Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global guar gum market that are included in our report are Ingredion Incorporated, Ashland Inc., Shree Ram Industries, Hindustan Gum & Chemicals Ltd., Vikas WSP Ltd., International Flavors & Fragrances, Inc., Cargill, Incorporated, Ruchi Soya Industries Limited, and others.

Key Reasons to Buy Our Report

  • The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
  • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
  • The report includes detailed company profiles of the major players dominating the market.
  • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
  • We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

FREQUENTLY ASKED QUESTIONS

  1. Introduction
    1. Market Definition
    2. Market Segmentation
    3. Product Overview
  2. Assumptions and Acronyms
  3. Research Methodology
    1. Research Process
    2. Primary Research
    3. Secondary Research
    4. Market Size Estimation
  4. Executive Summary- Global Guar Gum Market
  5. Regulatory Landscape
  6. Market Dynamics
    1. Drivers
    2. Restraints
    3. Trends
    4. Opportunities
  7. Exim Analysis
  8. Product/Grade Outlook
  9. End-User Usability Analysis
  10. Average Pricing Analysis
  11. Impact of Covid-19 on Guar Gum Market
  12. Competitive Landscape
    1. Competitive Trends
    2. Competitive Benchmarking
    3. Market Share Analysis
    4. Company Profiles
      1. Ruchi Soya Industries Limited
      2. Ingredion Incorporated
      3. Ashland Inc.
      4. Shree Ram Industries
      5. Hindustan Gum & Chemicals Ltd.
      6. Vikas WSP Ltd.
      7. International Flavors & Fragrances, Inc.
      8. Cargill, Incorporated
  13. Global Guar Gum Market Outlook
    1. Market Size and Forecast, 2019-2028
      1. By Value (USD Million), 2019-2028F
      2. Market Segmentation
        1. By Grade
          1. Food Grade, Industrial Grade, Pharmaceutical Grade, 2019-2028F (USD Million)
        2. By Application
          1. Thickening, Gelling, Binding, Friction Reducing, Others, 2019-2028F (USD Million)
        3. By End-User
          1. Oil & Gas, Mining & Explosives, Food & Beverage, Paper Manufacturing, Pharmaceuticals & Cosmetics, Others, 2019-2028F (USD Million)
        4. By Region
          1. North America, Europe, Asia Pacific, Latin America, Middle East & Africa, 2019-2028F (USD Million)
  14. North America Guar Gum Market Outlook
    1. Market Size, By Value (USD Million)
    2. Macro-Economic Indicators
    3. Market Overview
      1. By Grade
        1. Food Grade, Industrial Grade, Pharmaceutical Grade, 2019-2028F (USD Million)
      2. By Application
        1. Thickening, Gelling, Binding, Friction Reducing, Others, 2019-2028F (USD Million)
      3. By End-User
        1. Oil & Gas, Mining & Explosives, Food & Beverage, Paper Manufacturing, Pharmaceuticals & Cosmetics, Others, 2019-2028F (USD Million)
      4. By Country
        1. US, Canada, Mexico, 2019-2028F (USD Million)
  15. Europe Guar Gum Market Outlook
    1. Market Size, By Value (USD Million)
    2. Macro-Economic Indicators
    3. Market Overview
      1. By Grade
        1. Food Grade, Industrial Grade, Pharmaceutical Grade, 2019-2028F (USD Million)
      2. By Application
        1. Thickening, Gelling, Binding, Friction Reducing, Others, 2019-2028F (USD Million)
      3. By End-User
        1. Oil & Gas, Mining & Explosives, Food & Beverage, Paper Manufacturing, Pharmaceuticals & Cosmetics, Others, 2019-2028F (USD Million)
      4. By Country
        1. Germany, UK, France, Rest of Europe, 2019-2028F (USD Million)
  16. Asia Pacific Guar Gum Market Outlook
    1. Market Size, By Value (USD Million)
    2. Macro-Economic Indicators
    3. Market Overview
      1. By Grade
        1. Food Grade, Industrial Grade, Pharmaceutical Grade, 2019-2028F (USD Million)
      2. By Application
        1. Thickening, Gelling, Binding, Friction Reducing, Others, 2019-2028F (USD Million)
      3. By End-User
        1. Oil & Gas, Mining & Explosives, Food & Beverage, Paper Manufacturing, Pharmaceuticals & Cosmetics, Others, 2019-2028F (USD Million)
      4. By Country
        1. China, Japan, India, Indonesia, Rest of APAC, 2019-2028F (USD Million)
  17. China Guar Gum Market
    1. Market Size, By Value (USD Million)
    2. Market Overview
      1. By Grade
        1. Food Grade, Industrial Grade, Pharmaceutical Grade, 2019-2028F (USD Million)
      2. By Application
        1. Thickening, Gelling, Binding, Friction Reducing, Others, 2019-2028F (USD Million)
      3. By End-User
        1. Oil & Gas, Mining & Explosives, Food & Beverage, Paper Manufacturing, Pharmaceuticals & Cosmetics, Others, 2019-2028F (USD Million)
  18. Japan Guar Gum Market
    1. Market Size, By Value (USD Million)
    2. Market Overview
      1. By Grade
        1. Food Grade, Industrial Grade, Pharmaceutical Grade, 2019-2028F (USD Million)
      2. By Application
        1. Thickening, Gelling, Binding, Friction Reducing, Others, 2019-2028F (USD Million)
      3. By End-User
        1. Oil & Gas, Mining & Explosives, Food & Beverage, Paper Manufacturing, Pharmaceuticals & Cosmetics, Others, 2019-2028F (USD Million)
  19. India Guar Gum Market
    1. Market Size, By Value (USD Million)
    2. Market Overview
      1. By Grade
        1. Food Grade, Industrial Grade, Pharmaceutical Grade, 2019-2028F (USD Million)
      2. By Application
        1. Thickening, Gelling, Binding, Friction Reducing, Others, 2019-2028F (USD Million)
      3. By End-User
        1. Oil & Gas, Mining & Explosives, Food & Beverage, Paper Manufacturing, Pharmaceuticals & Cosmetics, Others, 2019-2028F (USD Million)
  20. Indonesia Guar Gum Market
    1. Market Size, By Value (USD Million)
    2. Market Overview
      1. By Grade
        1. Food Grade, Industrial Grade, Pharmaceutical Grade, 2019-2028F (USD Million)
      2. By Application
        1. Thickening, Gelling, Binding, Friction Reducing, Others, 2019-2028F (USD Million)
      3. By End-User
        1. Oil & Gas, Mining & Explosives, Food & Beverage, Paper Manufacturing, Pharmaceuticals & Cosmetics, Others, 2019-2028F (USD Million)
  21. Rest of APAC Guar Gum Market
    1. Market Size, By Value (USD Million)
    2. Market Overview
      1. By Grade
        1. Food Grade, Industrial Grade, Pharmaceutical Grade, 2019-2028F (USD Million)
      2. By Application
        1. Thickening, Gelling, Binding, Friction Reducing, Others, 2019-2028F (USD Million)
      3. By End-User
        1. Oil & Gas, Mining & Explosives, Food & Beverage, Paper Manufacturing, Pharmaceuticals & Cosmetics, Others, 2019-2028F (USD Million)
  22. Latin America Guar Gum Market Outlook
    1. Market Size, By Value (USD Million)
    2. Macro-Economic Indicators
    3. Market Overview
      1. By Grade
        1. Food Grade, Industrial Grade, Pharmaceutical Grade, 2019-2028F (USD Million)
      2. By Application
        1. Thickening, Gelling, Binding, Friction Reducing, Others, 2019-2028F (USD Million)
      3. By End-User
        1. Oil & Gas, Mining & Explosives, Food & Beverage, Paper Manufacturing, Pharmaceuticals & Cosmetics, Others, 2019-2028F (USD Million)
      4. By Country
        1. Brazil, Argentina, Rest of LATAM, 2019-2028F (USD Million)
  23. Middle East & Africa Guar Gum Market Outlook
    1. Market Size, By Value (USD Million)
    2. Macro-Economic Indicators
    3. Market Overview
      1. By Grade
        1. Food Grade, Industrial Grade, Pharmaceutical Grade, 2019-2028F (USD Million)
      2. By Application
        1. Thickening, Gelling, Binding, Friction Reducing, Others, 2019-2028F (USD Million)
      3. By End-User
        1. Oil & Gas, Mining & Explosives, Food & Beverage, Paper Manufacturing, Pharmaceuticals & Cosmetics, Others, 2019-2028F (USD Million)
      4. By Country
        1. GCC, South Africa, Rest of MEA, 2019-2028F (USD Million)
  24. Analyst's Review

Related Reports


Disclaimer | Privacy Policy | Terms & Conditions

Copyright © 2021 Research Nester. All Rights Reserved