The global guar gum powder market reached a volume of 849,429 Tons in 2019. Guar gum powder is obtained from the guar plant, which is commonly found in India and Pakistan. It is a free-flowing powder that is whitish to yellowish in color with a slight odor. Guar gum powder has a very fine texture and has an excellent thickening capacity with high solubility in both cold and hot water. Nowadays, drilling companies utilize guar gum powder to increase the viscosity of water, which is further used for extracting oil and natural gas from tight rock formations.
Guar gum powder finds numerous applications in a variety of industries. As a food preservative, it emulsifies, binds, moisturizes, thickens, stabilizes and suspends many liquid-solid systems and prevents the formation of ice crystals in frozen products. It is also used to impart softness and sponginess, enhance the texture and structure, increase the shelf life and improve the moisture retention in bakery items. Apart from this, guar gum powder is added in cosmetics and pharmaceuticals as a thickener, conditioner and viscosifier in toothpaste and shampoos, a binder in tablets, and as a mild laxative and soluble dietary fiber. Also, guar gum is used to thicken the dye solutions in textile and carpet printing, leading to more sharply printed patterns. Moreover, one of the essential applications of guar gum powder lies in petroleum extraction, significantly in the area of hydraulic fracturing. The powder also acts as an effective gelling agent and is an excellent lubricant, owing to which it is employed in oil well stimulation for reducing gel lumping. Looking forward, IMARC Group expects the global guar gum powder market to exhibit moderate growth during the forecast period (2020-2025).
Breakup by Grade:
Industrial grade powder currently dominates the market, holding the largest share.
Breakup by Function:
Guar gum powder is majorly used for thickening purposes.
Breakup by End-Use Industries:
Based on the end-use, the oil drilling sector exhibits a clear dominance in the market.
On the geographical front, the United States represents the leading market, accounting for the majority of the total market share.
The competitive landscape of the market has also been analyzed in the report, providing the detailed profiles of the major players operating in the industry.
Key Questions Answered in This Report:
The global guar gum powder market reached 849,429 Tons in 2019.
With the outbreak of the coronavirus disease (COVID-19) and consequent lockdowns, the operations in various industries have been halted due to the social distancing norms implemented by various governments across the world. This has negatively impacted the guar gum market.
The global guar gum market is expected to reach 990,857 Tons by 2025, exhibiting a CAGR of 2.60% during the forecast period (2020-2025).
The increasing use of guar gum in the food industry as a softening and moisturizing agent in bakery products is the major growth-inducing factor.
One of the major market trends is the growing usage of the product as a gelling agent in hydraulic fracturing applications in the oil and gas industry.
Based on the grade, the market has been segmented into food, industrial, and pharmaceutical grades. Industrial grade currently dominates the market.
The market has been categorized on the basis of the function into thickening, gelling, binding, friction reducing, and other functions. Among these, the thickening segment holds the largest market share.
Based on the end use industry, the oil drilling sector accounts for the majority of the total market share. Other major end use industries include food, paper and textile, pharmaceuticals, and cosmetics.
Region-wise, the United States of America holds the leading position in the market. Other major regions are Germany and India.
The leading market players are Hindustan Gum & Chemicals Limited, Jai Bharat Gum & Chemicals Ltd., Vikas WSP, Ltd., India Glycols, Ltd., Shree Ram Industries, Altrafine Gums, Lucid Group, Supreme Gums Pvt. Ltd., and Neelkants Polymers.
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