Guar Gum Powder Market Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022
Despite witnessing fluctuating demand in the recent years, the global guar gum powder market is expected to witness a steady growth in the coming years. Widespread applications of guar gum powder across numerous industries such as oil-drilling, health care, nutrition, cosmetics, personal care, food, etc. will be one of the major driving factor for this market.
A report published by IMARC Group titled “Guar Gum Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022” provides an extensive and a thorough evaluation of the global guar gum powder market. Guar Gum powder is obtained from ground endosperm of guar plant which is usually cultivated in India and Pakistan. Typically produced as a free-flowing, off-white powder, guar gum has excellent thickening capacity with a high solubility in water. Guar gum powder finds numerous applications across a variety of industries such as food, textile, pharmaceuticals, health care, nutrition, explosives, cosmetics, paper, personal care, mining and oil drilling. It is mainly used as a natural thickener, emulsifier, stabiliser, bonding agent, hydrocolloid, gelling agent, flocculants and fracturing agent. According to the report, the demand for guar gum is highly influenced by the petroleum market as one of the most significant applications of guar gum has been in petroleum production, mainly in hydraulic fracturing. The Shale gas exploration in the United States further led to a surge in the demand for guar gum. The report further finds that the global production of guar gum has experienced fluctuating demand and price trends in recent years with volumes reaching 0.7 Million Tons in 2016.
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The report has segmented the market on the basis of key applications and also gives a market share evaluation of major regions. Presently, the oil drilling sector represents the biggest end-user of guar gum powder accounting for about 60% of the total global consumption. Other major end-use industries are food, pharmaceuticals and cosmetics, paper and textile industries. Region-wise, the United States is the leading market for guar gum powder accounting for around one-third of the global guar gum consumption, followed by Germany and India. The report has further examined the competitive landscape of this market. Some of the key players covered in the report include Vikas WSP Ltd., Hindustan Gum & Chemicals Ltd., Pakistan Gum Industries Pvt. Ltd., India Glycols Ltd. and Rama Industries.
This report has provided a detailed technical insight on setting up and operating a guar gum powder manufacturing plant. It covers all the prerequisites of the guar gum powder market and provides an in-depth analysis of the industry performance, processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the guar gum industry in any manner.
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