Global guar gum market is expected to reach USD 1417.3Million by 2025, from USD 806.8 Million in 2017 growing at a CAGR of 8.3% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Pune, India -- (SBWIRE) -- 06/25/2018 -- Global Guar Gum Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of global guar gum market for global, Europe, North America, Asia Pacific and South America.
Global Guar Gum Market is expected to reach USD 1417.3Million by 2025, from USD 806.8 Million in 2017 growing at a CAGR of 8.3% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Major Market Competitors/Players:
- The INGREDION,
- Vikas WSP Limited,
- Hindustan Gum & Chemicals Ltd.,
- India Glycols Limited,
- Neelkanth Polymers,
- Lucid Group.,
- Global Gums Chemicals,
- Guangrao Liuhe Chemical Co. Ltd.,
- Jai Bharat Gum & Chemicals LTD.,
- Altrafine Gums,
- Supreme Gums Pvt. Ltd.,
- Ruchi Soya Industries Limited,
- rama gum industries limited,
- Lamberti S.p.A.,
- AEP Colloids,
- Shree India Sino,
- Penford Corporation,
- TIC Gums Inc.
Major Market Drivers:
- Increasing demand for guar gum in the oil & gas industry.
- Increasing applications of guar gum due to its multifunctional properties.
- Increased consumption of convenience food.
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Market Segmentation: Global Guar Gum Market
The global guar gum market is segmented based on:-
- Function, and
On the basis of grade global guar gum market is segmented into:-
- Industrial-grade, and
- Oil and Gas.
- Cosmetics and others.
On the basis of Function global guar gum market is segmented into:-
- Friction Reducing,
- Preservation Agent, others.
On the basis of Application global guar gum market is segmented into:-
- Oil & Gas,
- Food & Beverages Mining
- Bakery &
- Confectionery Products Dairy &
- Frozen Products Beverages Sauces &
- Dressings others.
Based on geography the global guar gum market report covers data points for 28 countries across multiple geographies namely:-
- North America &
- South America,
- Asia-Pacific and,
- Middle East & Africa.
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