The global guar gum powder market exhibited moderate growth during 2015-2020. 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 reach a volume of 1.36 Million Tons by 2026, exhibiting moderate growth during the forecast period (2021-2026).
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 size reached a volume of 8.83 Million Tons in 2020.
According to the estimates by IMARC Group, the global guar gum powder market is expected to witness a CAGR of 7.4% from 2021 to 2026.
The increasing use of guar gum in the food processing sector as a food preservative for emulsifying, thickening, stabilizing, etc., represents one of the key drivers for the global guar gum powder market.
The expanding utilization of guar gum in the oil and gas industry as a gelling agent in hydraulic fracturing applications represents one of the key trends in the global guar gum powder market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous end-use industries for guar gum powder.
On the basis of the grade, the market has been bifurcated into food, industrial and pharmaceutical. Currently, the industrial sector accounts for the majority of the market share.
On the basis of the function, the market has been divided into thickening, gelling, binding, friction reducing, and other functions. Among these, guar gum powder is majorly used for thickening purposes.
On the basis of the end-use industries, the market has been segmented into oil drilling, food industry, paper and textile, pharmaceuticals, cosmetics and others. At present, the oil drilling sector exhibits a clear dominance in the market.
Region-wise, the market has been classified into the United States, Germany, India and others, where the United States dominates the global market.
The key companies in the global guar gum powder market are Hindustan Gum & Chemicals, Jai Bharat Gum & Chemicals, Vikas WSP, Ltd., India Glycols, Ltd., Shree Ram Industries, Altrafine Gums, Lucid Group, Supreme Gum Pvt. Ltd., and Neelkants Polymers.
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