Published on : Aug 17, 2018
Albany, New York, August 17, 2018: The expanding database of Market Research Hub (MRH) has been recently updated by the addition of a new study which is titled as “Guar Gum Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2026)”. The study gives comprehensive insights into the present state of this market and contains several forward-looking statements regarding the potential growth prospects of crucial elements and segments of the market. The reader will also come across market value in the terms of revenue share and CAGR in the given forecast period of 2017-2026.
First of all, the readers will get to know about market scope covering the definition of guar gum and its segmentation on the basis of region, product type, end-use and primary function. Gaur gum is considered a unique agrochemical, hence is worthy for various food processing application. The study has found that there has been a significant rise in demand for guar gum in recent years, partly attributable to the increased use of the product in the oil & gas industry. Considering various facets, the analyst found that the global gaur gum market is set to reach a valuation of over US$ 1,300 Mn in 2026, expanding at a humble growth rate between 2017 and 2026.
The above findings from the study have been evaluated on the basis of key trends, drivers and factors that are contributing towards market growth rapidly. At present, guar gum has emerged as a key ingredient for fracking fluids that are used in the oil & gas hydraulic fracturing process. Also, positive outlook towards its role in managing health disorders such as bowel movements, diabetes colon cancer and cardiac ailments, characterizing the increasing application of guar gum in drug manufacturing. In the food & beverage sector, the product is primarily used as a stabilizer and thickener. Apart from this, the product also finds its application in textile, and paper industries. From a geographical point of view, Asia Pacific excluding Japan (APEJ) is expected to dominate the global in 2017 and beyond in terms of revenue. The region's market is projected to the witness a CAGR of 2.3% during the forecast period.
The concluding section of the report offers detailed information on competition landscape of the market. This section profiles key market players and delivers information in terms of company overview, key developments, key financials and product overview. At present, chief players operating in the global gaur gum marker include Shree Ram Gum, Jai Bharat Gum, Vikas WSP, Rama industries Hindustan Gums, Cargill Inc, Lucid Group, Ashland Inc., Supreme Gums Pvt. Ltd, India Glycols Ltd, and Lamberti.
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