Global Guar Gum Market was valued US$0.63 Bn in 2017 and is estimated to reach US$1.1 Bn by 2026 at a CAGR of more than 7.2% during a forecast period.
Global Guar Gum Market is segmented by Grade, by function, by Application, and by Region.
Guar Gum Market by grade segment is classified into pharmaceutical, industrial and Food. By function segment classified into stabilizer & emulsifier, thickening & gelling Agent, binder and friction reducer. By application, a segment is classified into oil & gas, food & beverage, and Pharmaceuticals & Cosmetics. Geographically split into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Based on grade industrial segment headed the Guar Gum market. Demand for industrial grade guar gum is increased rapidly owing to the shale gas boom. Since industrial grade guar gum is used in huge quantities in the hydraulic fracking process for extraction of shale oil and gas, demand is anticipated to rise in line with the shale oil and gas industry. Demand for food-grade guar gum is projected to surge in line with increasing food processing industry, which is due to changing lifestyle and eating habits. Drug formulators and their attempts to make available innovative solutions is projected to drive the pharmaceutical industry.
In function stabilizer & emulsifier segment is growing at the highest CAGR during the forecast period. Guar gum is extensively used as a stabilizer in ice cream to raise viscosity and shelf life by controlling ice crystallization at the time of storage. An emulsifier is used in personal care products to mix water with essential oils and also used in a pharmaceutical application. To improve product structure it is used as a thickener and gelling agent as jellies, desserts, and candies. It is helpful to increase the viscosity of water, which is used to extract oil and natural gas from shale rock formations. It can be used as a binder for fragmented tobacco fines to produce reconstituted tobacco sheets.
The oil & gas segment accounted for the major share in the guar gum market. Owing to functional properties such as gelling, thickening, and friction reducing, industrial grade guar gum is mostly used in the oil & gas sector. The growing number of oil well drilling projects and rising shale gas production are driving the demand for guar gum in the oil & gas sector. Wide-ranging applications of guar gum among a widely held of sectors create a platform for newer developments of guar gum, which drives the rise in demand and market growth for guar gum-based products.
Growing demand for convenience food due to varying eating habits is expected to have a significant impact on industry trends. Guar gum as an additive offers extended and stable shelf-life to processed food; which is projected to boost market growth. The pharmaceutical industry is expected to be one of the main factors driving overall market growth. The aging population and increasing prevalence of non-communicable diseases and chronic disorders are anticipated to fuel the growth of the pharmaceutical industry, thus resulting into increase in product consumption which increases the demand of guar gum market during the forecast period.
North America guar gum market is projected to grow at the highest CAGR during the forecast period. The increasing oil & gas industry in countries and the maximum demand for processed and frozen foods are the major factors for the exponential growth of guar gum market in the region. Also, efforts by the U.S. government to enrich exploration activities are anticipated to positively affect market growth. All other regions are following to contribute the growth in Guar Gum market.
The report includes detailed profiles of the prominent market players that are trending in the market. Hindustan Gums & Chemicals Ltd., Vikas WSP Limited, India Glycols Limited, Rama Gum Industries Ltd. and Dabur India Ltd., TIC, Nutriroma, AEP Colloids, and Shree India Sino, among others.
Scope of the Global Guar Gum Market
Global Guar Gum Market By Grade:
Pharmaceutical
Industrial
Food
Global Guar Gum Market By Function:
Stabilizer & Emulsifier
Thickening & Gelling Agent
Binder
Friction Reducer
Global Guar Gum Market By Application:
Oil & Gas
Food & Beverage
Pharmaceuticals & Cosmetics
Global Guar Gum Market By Region:
North America
Europe
Asia Pacific
Latin America
The Middle East and Africa
Key Player analysed in the Global Guar Gum Market:
Hindustan Gums & Chemicals Ltd.
Vikas WSP Limited
India Glycols Limited
Rama Gum Industries Ltd.
Dabur India Ltd.
TIC
Nutriroma
AEP Colloids
Shree India Sino
Global Guar Gum Market
1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives
1.4. Key Questions Answered
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations Used
2.3. Research Methodology
3. Executive Summary
3.1. Global Guar Gum Market Size, by Market Value (US$ Mn) and Market, by Region
4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.3. Drivers and Restraints Snapshot Analysis
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.3.4. Porter’s Analysis
4.3.5. Value Chain Analysis
4.3.6. SWOT Analysis
5. Global Guar Gum Market Analysis and Forecast
5.1. Global Guar Gum Market Analysis and Forecast
5.2. Global Guar Gum Market Size& Y-o-Y Growth Analysis
5.2.1. North America
5.2.2. Europe
5.2.3. Asia Pacific
5.2.4. Middle East & Africa
5.2.5. Latin America
6. Global Guar Gum Market Analysis and Forecast, by Grade
6.1. Introduction and Definition
6.2. Key Findings
6.3. Global Guar Gum Market Value Share Analysis, by Grade
6.4. Market Size (US$ Mn) Forecast, by Grade
6.5. Global Guar Gum Market Analysis, by Grade
6.6. Guar Gum Market Attractiveness Analysis, by Grade
7. Global Guar Gum Market Analysis and Forecast, by Application
7.1. Introduction and Definition
7.2. Global Guar Gum Market Value Share Analysis, by Application
7.3. Market Size (US$ Mn) Forecast, by Application
7.4. Global Guar Gum Market Analysis, by Application
7.5. Global Guar Gum Market Attractiveness Analysis, by Application
8. Global Guar Gum Market Analysis and Forecast, by Function
8.1. Introduction and Definition
8.2. Global Guar Gum Market Value Share Analysis, by Function
8.3. Market Size (US$ Mn) Forecast, by Function
8.4. Global Guar Gum Market Analysis, by Function
8.5. Global Guar Gum Market Attractiveness Analysis, by Function
9. Global Guar Gum Market Analysis, by Region
9.1. Global Guar Gum Market Value Share Analysis, by Region
9.2. Market Size (US$ Mn) Forecast, by Region
9.3. Global Guar Gum Market Attractiveness Analysis, by Region
10. North America Guar Gum Market Analysis
10.1. Key Findings
10.2. North America Guar Gum Market Overview
10.3. North America Guar Gum Market Value Share Analysis, by Grade
10.4. North America Guar Gum Market Forecast, by Grade
10.4.1. Pharmaceutical
10.4.2. Industrial
10.4.3. Food
10.5. North America Guar Gum Market Value Share Analysis, by Application
10.6. North America Guar Gum Market Forecast, by Application
10.6.1. Oil & Gas
10.6.2. Food & Beverage
10.6.3. Pharmaceuticals & Cosmetics
10.7. North America Guar Gum Market Value Share Analysis, by Function
10.8. North America Guar Gum Market Forecast, by Function
10.8.1. Stabilizer & Emulsifier
10.8.2. Thickening & Gelling Agent
10.8.3. Binder
10.8.4. Friction Reducer
10.9. North America Guar Gum Market Value Share Analysis, by Country
10.10. North America Guar Gum Market Forecast, by Country
10.10.1. U.S.
10.10.2. Canada
10.11. North America Guar Gum Market Analysis, by Country
10.12. U.S. Guar Gum Market Forecast, by Grade
10.12.1. Pharmaceutical
10.12.2. Industrial
10.12.3. Food
10.13. U.S. Guar Gum Market Forecast, by Application
10.13.1. Oil & Gas
10.13.2. Food & Beverage
10.13.3. Pharmaceuticals & Cosmetics
10.14. U.S. Guar Gum Market Forecast, by Function
10.14.1. Stabilizer & Emulsifier
10.14.2. Thickening & Gelling Agent
10.14.3. Binder
10.14.4. Friction Reducer
10.15. Canada Guar Gum Market Forecast, by Grade
10.15.1. Pharmaceutical
10.15.2. Industrial
10.15.3. Food
10.16. Canada Guar Gum Market Forecast, by Application
10.16.1. Oil & Gas
10.16.2. Food & Beverage
10.16.3. Pharmaceuticals & Cosmetics
10.17. Canada Guar Gum Market Forecast, by Function
10.17.1. Stabilizer & Emulsifier
10.17.2. Thickening & Gelling Agent
10.17.3. Binder
10.17.4. Friction Reducer
10.18. North America Guar Gum Market Attractiveness Analysis
10.18.1. By Grade
10.18.2. By Application
10.18.3. By Function
10.19. PEST Analysis
11. Europe Guar Gum Market Analysis
11.1. Key Findings
11.2. Europe Guar Gum Market Overview
11.3. Europe Guar Gum Market Value Share Analysis, by Grade
11.4. Europe Guar Gum Market Forecast, by Grade
11.4.1. Pharmaceutical
11.4.2. Industrial
11.4.3. Food
11.5. Europe Guar Gum Market Value Share Analysis, by Application
11.6. Europe Guar Gum Market Forecast, by Application
11.6.1. Oil & Gas
11.6.2. Food & Beverage
11.6.3. Pharmaceuticals & Cosmetics
11.7. Europe Guar Gum Market Value Share Analysis, by Function
11.8. Europe Guar Gum Market Forecast, by Function
11.8.1. Stabilizer & Emulsifier
11.8.2. Thickening & Gelling Agent
11.8.3. Binder
11.8.4. Friction Reducer
11.9. Europe Guar Gum Market Value Share Analysis, by Country
11.10. Europe Guar Gum Market Forecast, by Country
11.10.1. Germany
11.10.2. U.K.
11.10.3. France
11.10.4. Italy
11.10.5. Spain
11.10.6. Rest of Europe
11.11. Europe Guar Gum Market Analysis, by Country/ Sub-region
11.12. Germany Guar Gum Market Forecast, by Grade
11.12.1. Pharmaceutical
11.12.2. Industrial
11.12.3. Food
11.13. Germany Guar Gum Market Forecast, by Application
11.13.1. Oil & Gas
11.13.2. Food & Beverage
11.13.3. Pharmaceuticals & Cosmetics
11.14. Germany Guar Gum Market Forecast, by Function
11.14.1. Stabilizer & Emulsifier
11.14.2. Thickening & Gelling Agent
11.14.3. Binder
11.14.4. Friction Reducer
11.15. U.K. Guar Gum Market Forecast, by Grade
11.15.1. Pharmaceutical
11.15.2. Industrial
11.15.3. Food
11.16. U.K. Guar Gum Market Forecast, by Application
11.16.1. Oil & Gas
11.16.2. Food & Beverage
11.16.3. Pharmaceuticals & Cosmetics
11.17. U.K. Guar Gum Market Forecast, by Function
11.17.1. Stabilizer & Emulsifier
11.17.2. Thickening & Gelling Agent
11.17.3. Binder
11.17.4. Friction Reducer
11.18. France Guar Gum Market Forecast, by Grade
11.18.1. Pharmaceutical
11.18.2. Industrial
11.18.3. Food
11.19. France Guar Gum Market Forecast, by Application
11.19.1. Oil & Gas
11.19.2. Food & Beverage
11.19.3. Pharmaceuticals & Cosmetics
11.20. France Guar Gum Market Forecast, by Function
11.20.1. Stabilizer & Emulsifier
11.20.2. Thickening & Gelling Agent
11.20.3. Binder
11.20.4. Friction Reducer
11.21. Italy Guar Gum Market Forecast, by Grade
11.21.1. Pharmaceutical
11.21.2. Industrial
11.21.3. Food
11.22. Italy Guar Gum Market Forecast, by Application
11.22.1. Oil & Gas
11.22.2. Food & Beverage
11.22.3. Pharmaceuticals & Cosmetics
11.23. Italy Guar Gum Market Forecast, by Function
11.23.1. Stabilizer & Emulsifier
11.23.2. Thickening & Gelling Agent
11.23.3. Binder
11.23.4. Friction Reducer
11.24. Spain Guar Gum Market Forecast, by Grade
11.24.1. Pharmaceutical
11.24.2. Industrial
11.24.3. Food
11.25. Spain Guar Gum Market Forecast, by Application
11.25.1. Oil & Gas
11.25.2. Food & Beverage
11.25.3. Pharmaceuticals & Cosmetics
11.26. Spain Guar Gum Market Forecast, by Function
11.26.1. Stabilizer & Emulsifier
11.26.2. Thickening & Gelling Agent
11.26.3. Binder
11.26.4. Friction Reducer
11.27. Rest of Europe Guar Gum Market Forecast, by Grade
11.27.1. Pharmaceutical
11.27.2. Industrial
11.27.3. Food
11.28. Rest of Europe Guar Gum Market Forecast, by Application
11.28.1. Oil & Gas
11.28.2. Food & Beverage
11.28.3. Pharmaceuticals & Cosmetics
11.29. Rest of Europe Guar Gum Market Forecast, by Function
11.29.1. Stabilizer & Emulsifier
11.29.2. Thickening & Gelling Agent
11.29.3. Binder
11.29.4. Friction Reducer
11.30. Europe Guar Gum Market Attractiveness Analysis
11.30.1. By Grade
11.30.2. By Application
11.30.3. By Function
11.31. PEST Analysis
12. Asia Pacific Guar Gum Market Analysis
12.1. Key Findings
12.2. Asia Pacific Guar Gum Market Overview
12.3. Asia Pacific Guar Gum Market Value Share Analysis, by Grade
12.4. Asia Pacific Guar Gum Market Forecast, by Grade
12.4.1. Pharmaceutical
12.4.2. Industrial
12.4.3. Food
12.5. Asia Pacific Guar Gum Market Value Share Analysis, by Application
12.6. Asia Pacific Guar Gum Market Forecast, by Application
12.6.1. Oil & Gas
12.6.2. Food & Beverage
12.6.3. Pharmaceuticals & Cosmetics
12.7. Asia Pacific Guar Gum Market Value Share Analysis, by Function
12.8. Asia Pacific Guar Gum Market Forecast, by Function
12.8.1. Stabilizer & Emulsifier
12.8.2. Thickening & Gelling Agent
12.8.3. Binder
12.8.4. Friction Reducer
12.9. Asia Pacific Guar Gum Market Value Share Analysis, by Country
12.10. Asia Pacific Guar Gum Market Forecast, by Country
12.10.1. China
12.10.2. India
12.10.3. Japan
12.10.4. ASEAN
12.10.5. Rest of Asia Pacific
12.11. Asia Pacific Guar Gum Market Analysis, by Country/ Sub-region
12.12. China Guar Gum Market Forecast, by Grade
12.12.1. Pharmaceutical
12.12.2. Industrial
12.12.3. Food
12.13. China Guar Gum Market Forecast, by Application
12.13.1. Oil & Gas
12.13.2. Food & Beverage
12.13.3. Pharmaceuticals & Cosmetics
12.14. China Guar Gum Market Forecast, by Function
12.14.1. Stabilizer & Emulsifier
12.14.2. Thickening & Gelling Agent
12.14.3. Binder
12.14.4. Friction Reducer
12.15. India Guar Gum Market Forecast, by Grade
12.15.1. Pharmaceutical
12.15.2. Industrial
12.15.3. Food
12.16. India Guar Gum Market Forecast, by Application
12.16.1. Oil & Gas
12.16.2. Food & Beverage
12.16.3. Pharmaceuticals & Cosmetics
12.17. India Guar Gum Market Forecast, by Function
12.17.1. Stabilizer & Emulsifier
12.17.2. Thickening & Gelling Agent
12.17.3. Binder
12.17.4. Friction Reducer
12.18. Japan Guar Gum Market Forecast, by Grade
12.18.1. Pharmaceutical
12.18.2. Industrial
12.18.3. Food
12.19. Japan Guar Gum Market Forecast, by Application
12.19.1. Oil & Gas
12.19.2. Food & Beverage
12.19.3. Pharmaceuticals & Cosmetics
12.20. Japan Guar Gum Market Forecast, by Function
12.20.1. Stabilizer & Emulsifier
12.20.2. Thickening & Gelling Agent
12.20.3. Binder
12.20.4. Friction Reducer
12.21. ASEAN Guar Gum Market Forecast, by Grade
12.21.1. Pharmaceutical
12.21.2. Industrial
12.21.3. Food
12.22. ASEAN Guar Gum Market Forecast, by Application
12.22.1. Oil & Gas
12.22.2. Food & Beverage
12.22.3. Pharmaceuticals & Cosmetics
12.23. ASEAN Guar Gum Market Forecast, by Function
12.23.1. Stabilizer & Emulsifier
12.23.2. Thickening & Gelling Agent
12.23.3. Binder
12.23.4. Friction Reducer
12.24. Rest of Asia Pacific Guar Gum Market Forecast, by Grade
12.24.1. Predictive maintenance and machinery inspection
12.24.2. Material movement
12.24.3. Production planning
12.24.4. Field services
12.24.5. Quality control
12.24.6. Others
12.25. Rest of Asia Pacific Guar Gum Market Forecast, by Application
12.25.1. Oil & Gas
12.25.2. Food & Beverage
12.25.3. Pharmaceuticals & Cosmetics
12.26. Rest of Asia Pacific Guar Gum Market Forecast, by Function
12.26.1. Stabilizer & Emulsifier
12.26.2. Thickening & Gelling Agent
12.26.3. Binder
12.26.4. Friction Reducer
12.27. Asia Pacific Guar Gum Market Attractiveness Analysis
12.27.1. By Grade
12.27.2. By Application
12.27.3. By Function
12.28. PEST Analysis
13. Middle East & Africa Guar Gum Market Analysis
13.1. Key Findings
13.2. Middle East & Africa Guar Gum Market Overview
13.3. Middle East & Africa Guar Gum Market Value Share Analysis, by Grade
13.4. Middle East & Africa Guar Gum Market Forecast, by Grade
13.4.1. Pharmaceutical
13.4.2. Industrial
13.4.3. Food
13.5. Middle East & Africa Guar Gum Market Value Share Analysis, by Application
13.6. Middle East & Africa Guar Gum Market Forecast, by Application
13.6.1. Oil & Gas
13.6.2. Food & Beverage
13.6.3. Pharmaceuticals & Cosmetics
13.7. Middle East & Africa Guar Gum Market Value Share Analysis, by Function
13.8. Middle East & Africa Guar Gum Market Forecast, by Function
13.8.1. Stabilizer & Emulsifier
13.8.2. Thickening & Gelling Agent
13.8.3. Binder
13.8.4. Friction Reducer
13.9. Middle East & Africa Guar Gum Market Value Share Analysis, by Country
13.10. Middle East & Africa Guar Gum Market Forecast, by Country
13.10.1. GCC
13.10.2. South Africa
13.10.3. Rest of Middle East & Africa
13.11. Middle East & Africa Guar Gum Market Analysis, by Country/ Sub-region
13.12. GCC Guar Gum Market Forecast, by Grade
13.12.1. Pharmaceutical
13.12.2. Industrial
13.12.3. Food
13.13. GCC Guar Gum Market Forecast, by Application
13.13.1. Oil & Gas
13.13.2. Food & Beverage
13.13.3. Pharmaceuticals & Cosmetics
13.14. GCC Guar Gum Market Forecast, by Function
13.14.1. Stabilizer & Emulsifier
13.14.2. Thickening & Gelling Agent
13.14.3. Binder
13.14.4. Friction Reducer
13.15. South Africa Guar Gum Market Forecast, by Grade
13.15.1. Pharmaceutical
13.15.2. Industrial
13.15.3. Food
13.16. South Africa Guar Gum Market Forecast, by Application
13.16.1. Oil & Gas
13.16.2. Food & Beverage
13.16.3. Pharmaceuticals & Cosmetics
13.17. South Africa Guar Gum Market Forecast, by Function
13.17.1. Stabilizer & Emulsifier
13.17.2. Thickening & Gelling Agent
13.17.3. Binder
13.17.4. Friction Reducer
13.18. Rest of Middle East & Africa Guar Gum Market Forecast, by Grade
13.18.1. Pharmaceutical
13.18.2. Industrial
13.18.3. Food
13.19. Rest of Middle East & Africa Guar Gum Market Forecast, by Application
13.19.1. Oil & Gas
13.19.2. Food & Beverage
13.19.3. Pharmaceuticals & Cosmetics
13.20. Rest of Middle East & Africa Guar Gum Market Forecast, by Function
13.20.1. Stabilizer & Emulsifier
13.20.2. Thickening & Gelling Agent
13.20.3. Binder
13.20.4. Friction Reducer
13.21. Middle East & Africa Guar Gum Market Attractiveness Analysis
13.21.1. By Grade
13.21.2. By Application
13.21.3. By Function
13.22. PEST Analysis
14. Latin America Guar Gum Market Analysis
14.1. Key Findings
14.2. Latin America Guar Gum Market Overview
14.3. Latin America Guar Gum Market Value Share Analysis, by Grade
14.4. Latin America Guar Gum Market Forecast, by Grade
14.4.1. Pharmaceutical
14.4.2. Industrial
14.4.3. Food
14.5. Latin America Guar Gum Market Value Share Analysis, by Application
14.6. Latin America Guar Gum Market Forecast, by Application
14.6.1. Oil & Gas
14.6.2. Food & Beverage
14.6.3. Pharmaceuticals & Cosmetics
14.7. Latin America Guar Gum Market Value Share Analysis, by Function
14.8. Latin America Guar Gum Market Forecast, by Function
14.8.1. Stabilizer & Emulsifier
14.8.2. Thickening & Gelling Agent
14.8.3. Binder
14.8.4. Friction Reducer
14.9. Latin America Guar Gum Market Value Share Analysis, by Country
14.10. Latin America Guar Gum Market Forecast, by Country
14.10.1. Brazil
14.10.2. Mexico
14.10.3. Rest of Latin America
14.11. Latin America Guar Gum Market Analysis, by Country/ Sub-region
14.12. Brazil Guar Gum Market Forecast, by Grade
14.12.1. Pharmaceutical
14.12.2. Industrial
14.12.3. Food
14.13. Brazil Guar Gum Market Forecast, by Application
14.13.1. Oil & Gas
14.13.2. Food & Beverage
14.13.3. Pharmaceuticals & Cosmetics
14.14. Brazil Guar Gum Market Forecast, by Function
14.14.1. Stabilizer & Emulsifier
14.14.2. Thickening & Gelling Agent
14.14.3. Binder
14.14.4. Friction Reducer
14.15. Mexico Guar Gum Market Forecast, by Grade
14.15.1. Pharmaceutical
14.15.2. Industrial
14.15.3. Food
14.16. Mexico Guar Gum Market Forecast, by Application
14.16.1. Oil & Gas
14.16.2. Food & Beverage
14.16.3. Pharmaceuticals & Cosmetics
14.17. Mexico Guar Gum Market Forecast, by Function
14.17.1. Stabilizer & Emulsifier
14.17.2. Thickening & Gelling Agent
14.17.3. Binder
14.17.4. Friction Reducer
14.18. Rest of Latin America Guar Gum Market Forecast, by Grade
14.18.1. Pharmaceutical
14.18.2. Industrial
14.18.3. Food
14.19. Rest of Latin America Guar Gum Market Forecast, by Application
14.19.1. Oil & Gas
14.19.2. Food & Beverage
14.19.3. Pharmaceuticals & Cosmetics
14.20. Rest of Latin America Guar Gum Market Forecast, by Function
14.20.1. Stabilizer & Emulsifier
14.20.2. Thickening & Gelling Agent
14.20.3. Binder
14.20.4. Friction Reducer
14.21. Latin America Guar Gum Market Attractiveness Analysis
14.21.1. By Grade
14.21.2. By Application
14.21.3. By Function
14.22. PEST Analysis
15. Company Profiles
15.1. Market Share Analysis, by Company
15.2. Competition Matrix
15.3. Company Profiles: Key Players
15.3.1. Hindustan Gums & Chemicals Ltd.
15.3.1.1. Company Overview
15.3.1.2. Financial Overview
15.3.1.3. Business Strategy
15.3.1.4. Recent Developments
15.3.1.5. Manufacturing Footprint
15.3.2. Vikas WSP Limited
15.3.3. India Glycols Limited
15.3.4. Rama Gum Industries Ltd.
15.3.5. Dabur India Ltd.
15.3.6. TIC
15.3.7. Nutriroma
15.3.8. AEP Colloids
15.3.9. Shree India Sino
Primary Key Insights
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