Global Guar Gum Market 2018-2025 - Increasing Use of Guar Gum for Horizontal Oil Well Drilling and Hydraulic Fracturing in the Shale Gas and Oil Industry
DUBLIN, Aug. 13, 2018 /PRNewswire/ --
The "Guar Gum Market Size, Share & Trends Analysis By Grade (Pharmaceutical, Industrial, Food), By Function, By Application (Oil & Gas, Food & Beverage), By Region, And Segment Forecasts, 2018 - 2025" report has been added to ResearchAndMarkets.com's offering.
The global guar gum market size is expected to reach USD 785.2 million by 2025
The global market is projected to expand at a CAGR of 4.4% during the forecast period. Increasing use of guar gum for horizontal oil well drilling and hydraulic fracturing in the shale gas and oil industry is presumed to be the primary factor for market growth.
Increasing purchasing power of buyers owing to rising per capita income is expected to result in increased consumption of processed food. In addition, growing urban population and preference for convenience food by time-constraint consumers is expected to escalate the growth of the food processing industry, consequently driving demand for guar gum.
Production and demand are key factors influencing the price of raw material with changes in consumption trends of consumer industries, resulting in price fluctuations. The amount of rainfall during the monsoon determines raw material supply for the product. High fluctuation in prices with no minimum price guarantee may hamper market growth.
The industry faces a rising threat of substitution, owing to availability of cheaper substitutes such as xanthan gum, locust bean gum, and other synthetic alternatives. However, the threat of substitution is expected to remain moderate as synthetic alternatives are not preferred due to environmental risks and uncertain performance efficiency .
The market is concentrated in Asia Pacific, especially India and Pakistan. Majority of companies in this market operate their businesses on a small scale. Companies that cater to international markets, especially U.S., China, Europe, and Saudi Arabia, usually opt for direct distribution in order to increase their profit margin.
Key Topics Covered:
Chapter 1. Report Scope
Chapter 2. Methodology
Chapter 3. Executive Summary
Chapter 4. Market Definitions
Chapter 5. Industry Outlook
Chapter 6. Regulatory Forces
Chapter 7. Guar Gum Market: Grade Estimates & Trend Analysis
Chapter 8. Guar Gum Market: Function Estimates & Trend Analysis
Chapter 9. Guar Gum Market: Application Estimates & Trend Analysis
Chapter 10. Guar Gum Market: Regional Estimates & Trend Analysis
Chapter 11. Competitive & Vendor Landscape
Chapter 12. Company Profiles
- Vikas WSP Ltd.
- Abdullahbhai Abdul Kader Group
- Shree Ram Industries
- Cargill Incorporated
- DuPont Nutrition & Health
- Agro Gums
- India Gycols Ltd.
- Rama Gum Industries (India) Pvt. Ltd.
- Lotus Gums & Chemicals
- Amba Gums & Feeds Products
- Ingredion Incorporated
- Vasundhara Gums & Chemicals
- The Lucid Group
- Hindustan Gums & Chemicals Ltd.
- Guangrao Liuhe Chemical Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/gj9xtg/global_guar_gum?w=5
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