Published on : Dec 06, 2019
Xanthan gum is mud additive used in oil drilling. It is used for its positive attributes including high-quality, eco-friendliness and high-efficiency. It is also known for its strong resistance to high temperatures along with other substances such as alkalis, salts and acids.
Regions with developing economies such as China and India increase the demand for xanthan gum as they use it in drilling activities. Many companies in petroleum sector are exploring new reserves of oil and gas which surges the drilling activities, thereby positively influencing the global xanthan gum market. The global quest of new discoveries in natural gas and crude oil domain to find reserves with high potential to generate opportunities also drives the growth of global Xanthan gum market.
An intelligence report titled, “Xanthan Gum Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027” is the source of all the stated insights. This report is the latest addition to Market Research Hub’s ever growing repository
OPEC controls majority oil reserve
The global xanthan gum market was estimated to be around US$915Mn in the year 2018. The global market is expected to grow at ?6% CAGR during the forecast period 2019-2027. Annual statistics of OPEC rolled out the statistics of available crude oil reserve which is 1,214.21Bn barrels across the globe. OPED controls 82% of the total reserves of which the majority is located in Middle East.
Asia pacific is a prominent region in the global xanthan gum market owing to the different factors including rapid population growth and growing demand from food and beverages industry. Xanthan gum is used in food industry as it provides texture to different food products. Middle East and Africa are generating lucrative opportunities that enhance the overall refining capacity.
Major stake holders in global xanthan gum market include Fufeng Group Company Limited, JUNGBUNZLAUER SUISSE AG, MeiHua, CP Kelco and Dainsco.
Global xanthan gum market: Report Synopsis
Quantitative and qualitative assessment exhort intelligence and overarching report on the Global xanthan gum market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the Global xanthan gum market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on xanthan gum.
An insightful and deep-dive assessment of the competitive assessment of the Global xanthan gum market pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the Global xanthan gum market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.
Global xanthan gum market: Research Methodology
Primary sources and secondary sources propel intelligence report on Global xanthan gum market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst.
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