1. Market Research
  2. > Food
  3. > Processed Food Market Trends
Guar Gum Market by Function, Application, Grade, and Region - Global Forecast to 2022

Guar Gum Market: Global Forecast until 2022

  • June 2017
  • 165 pages
  • ID: 4960852
In this report:
According to the annual report released by CNPC Economics & Technology Research Institute (CNPC ETRI), in 2015, oil consumption in China reached ##.## million barrels of oil per day, which was ##.##% higher than in the previous year.
Europe is expected to be the fastest-growing market for guar gum as a binding agent, at a CAGR of ##.##% during the forecast period, to reach a volume of ##.## KT by 2022.

Summary

Table of Contents

Search Inside

"The guar gum market forecasted to grow at a CAGR (Compound annual growth rate) of 7.90 percent"

The guar gum market is estimated to rise at a compound annual growth rate of 7.90 percent from 2017 to attain $1115.80M by 2022. The market demand for guar gum is estimated to be on the growth, owing to Elements such as the booming oil & gas market, growing demand for convenience and processed food, and increase in innumerable applications including mining, explosives, pharmaceutical, cosmetic, and paper sectors, due to their multi-functional properties. Increase in shale gas production and growing demand for frozen and dairy food products, are fueling the rise of guar gum demand. Nevertheless, the industry for guar gum is anticipated to fluctuate due to its high dependency on rainfall and the crude oil market. Also, the development of substitutes including xanthan gum and locust gums can pose as a restraint for the market increase.

"Oil & gas segment, by application, is forecasted to be the quickest-increasing in the guar gum market"

In terms of both value and quantity, the oil & gas segment is expected to grow at the maximal rate between 2017 and 2022. Due to functional properties including friction reduction, thickening, gelling, and high viscosity, guar gum is widely used in oil well drilling, geological drilling, and water drilling activities. The increase in oil drilling and oil recovery activities in countries including Saudi Arabia, Iran, Iraq, the United States, Canada (CA), and Argentina (AR) is anticipated to growth the industry demand for guar gum in the next years.

"North America (NA) is intended to be the quickest-rising area in the sector."

In the overall guar gum market, North America continent is forecasted to be the quickest-increasing area, in terms of value importance and quantity, between 2017 and 2022. This area comprises developed economies including the U.S., Canada (CA), and Mexico (MX), which occupies a significant share in the overall guar gum market. Big volumes of guar gum imported by the U.S.A and Canada (CA), for the oil & gas sector, is the main factor providing to the dominance and quick rise of North America in the overall guar gum market.

The growing shale gas market along the growth in consumer demand for processed & convenience foods in the North American and European regions, drive the demand of the guar gum. Application of guar gum in multiple industries including mining, explosives, paper manufacturing, textile, firefighting, tobacco, and photography due to its multifunctional properties, is another factor providing to the growing demand for guar gum from these areas.

Distribution of primaries:

- By Company category: Tier 1 - 50 %, Tier 2 - 20.0 percent, and Tier 3 - 30.0 percent

- By Description: C-suite - 40.0 percent, D-level - 30.0 percent, and Others - 30.0 percent

- By area: North america (NA) - 20.0 percent, Europe - 17.0 percent, Asia-Pacific - 48.0 percent, and rest of the world - 15.0 percent

The overall market for guar gum is leaded by, is monopolized by top players including Vikas WSP Limited, Hindustan Gums & Chemicals Ltd., India Glycols Limited, Rama Gum Industries Ltd., Jai Bharat Gums & Chemicals Ltd., Dabur India Ltd., Neelkanth Polymers, Guangrao Liuhe Chemicals Co. Ltd., Lucid Group, Global Gums & Chemicals Pvt. Ltd., Ashland Specialty Ingredients, Ingredion, Inc., Altrafine Gums, Ruchi Soya Industries Ltd., and Supreme Gums Pvt. Ltd..

Segment Research

The guar gum market has been split on the basis of grade, application, function, food & beverage application, and area. In terms of insights, this market research has emphasized several levels of analyses - industry, market share research of top players, and company descriptions, which together comprise and examine the basic overviews on the competitive landscape, emerging & high-growth segments of the overall guar gum market, high-growth areas, territories, and their specific regulatory policies, government actions, drivers, market restraints, alternatives, and opportunities.

Why acquiring this study can help you:

• To get an overview of the overall guar gum market

• To get an overview of the main actors of the guar gum sector

• To benefit insights of the main regions in which the guar gum market is increasing

• To benefit knowledge of the increase of different grades of guar gum

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Global Natural Gum Market 2018-2022

Natural Gum Sector: Worldwide Forecast until 2022

  • $ 2500
  • Industry report
  • March 2018
  • by Infiniti Research Limited

About Natural GumNatural gums are obtained from marine and non-marine botanical sources, and are generally used for thickening, gelling, emulsifying, and stabilizing in food applications. They are also ...

Guar Gum - Global Market Outlook (2017-2026)

Guar Gum - Global Market Outlook (2017-2026)

  • $ 4150
  • Industry report
  • May 2018
  • by Stratistics MRC

The Global Guar Gum market is accounted for $761.30 million in 2017 and is expected to reach $1,611.23 million by 2026 growing at a CAGR of 8.6% during the forecast period. Factors such as rising demand ...

Chewing gum North America, Europe and BRICS

Chewing gum North America, Europe and BRICS

  • $ 915
  • Industry report
  • July 2018
  • by FFT

SummaryThis report is produced at time of order from FFT’s online Food & Drink Markets database, first developed in 1989. This database is continually updated, based on extensive desk and field research, ...

Chewing gum Western Europe $ 684 July 2018


ref:plp2017

Reportlinker.com © Copyright 2018. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on