(MENAFN- Introspective market Research)
A research study titled, “Guar Gum Market by Function, Application Grade Region - Global Market Analysis And Forecast, 2022 - 2028”, published by Introspective market research.
Market Highlights:
The Guar Gum Market was worth USD 567.29 billion in the year of 2021 and is expected to reach approximately USD 692.97 billion by 2028, while registering itself at a compound annual growth rate (CAGR) of 2.9% during the forecast period. Guar gum is generally acknowledged as an ingredient in wide range of applications, for example, paper manufacturing, oil & gas, food & beverages, paper fabricating, pharmaceuticals & cosmetics and some more. Its multifunctional properties build its adoption in end-use applications. The developing oil and gas industry, particularly the shale gas industry, has thusly expanded the interest for guar gum, accordingly boosting the development of this market.
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The Guar Gum Market Is Segmented As Follows:
Guar Gum Market, By Grade, Estimates and Forecast, 2022-2028 ($Million):
Industrial
Pharmaceutical
Food
Guar Gum Market, By Application, Estimates and Forecast, 2022-2028 ($Million):
Paper manufacturing
Food & beverages
Pharmaceuticals & cosmetics
Oil & gas
Mining & explosives
Guar Gum Market, By Function, Estimates and Forecast, 2022-2028 ($Million):
Binding
Thickening
Friction reducing
Gelling
Others
Guar Gum Market - By Region, Estimates and Forecast, 2022-2028 ($Million):
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
North America (U.S, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
Rest of the World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others)
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Competitive Insights:
The major players in the market are E. I. DuPont de Nemours and Company (US),Cargill (US),Shree Ram Industries (India),Ingredion Incorporated (US),Ashland Inc. (US),Vikas WSP Limited (India),Hindustan Gums and Chemical Limited (India),Dabur India Ltd. (India),India Glycols Ltd. (India),Neelkanth Polymers (India),Lucid Group (India),Global Gums and Chemicals Pvt. Limited (Pakistan),Guangrao Liuhe Chemical Co. Ltd. (China),Jai Bharat Gums and Chemicals Ltd (India),Altrafine Gums (India) and other major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
Regional Outlook and Trend Analysis:
The Asia Pacific dominates the market growth of Guar gum products in recent years and is estimated to witness huge demand in the forecasted period. The rapid development of the food & beverages and pharmaceutical industry is the major factor that drives the growth of the guar gum market in the Asia Pacific region. India is the major country that produces guar seeds and it accounts for 80% of the total guar produced all across the world. The favorable climatic conditions, availability of soil, land, and fertilizers are the key factors that influence the production of guar seeds in this region.
Some of the key questions answered by the report are:
What was the guar gum market size in 2021 and forecast from 2022 to 2028?
What will be the industry guar gum market growth from 2022 to 2028?
What are the major drivers, restraints, opportunities, challenges, and industry
trends and their impact on the guar gum market forecast?
What are the major segments leading the guar gum market growth and why?
Which are the leading players in the guar gum market and what are the major
strategies adopted by them to sustain the guar gum market competition?
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Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
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