The global guar market is experiencing rapid growth, andis anticipated to grow considerably in the next few years. Guar is used in the form of guar gum, a natural fiber obtained from the seed of guar plant. Guar is used in the food & beverage industry as a stabilizing, thickening, suspending, and binding agent, and in bakery as a substitute for wheat flour, as it is gluten-free. Moreover, guar exhibits medicinal properties,such as it is used to control constipation, diarrhea, and high blood pressure. In oil wells, guar is used during the drilling of oil wells to control water and fluid loss during oil &gas recovery procedures and provide cooling and lubrication to the drillers. Beauty &personal care, textile, pulp & paper, and construction industries have a high demand for guar for a different purpose. Innovations in the industry are related to the use of guar by explosive experts as waterproofing and thickening agent.
COVID-19 scenario analysis
- The manufacturers are facing problems as the previous orders are being canceled and the factories are shut due to the pandemic.
- The market still has a high demand for guar gum as it has wide applications in various industries.The food & beverage industry is the major consumer of gaur, followed by the pharma company.
Top impacting factors: market scenario analysis, trends, drivers, and impact analysis
Surge in application of industry-grade guar in the oil &gas, pharma,and food & beverage industries, due to its thickening property has boosted the growth of the global guar market. Moreover, the use of guar gums by the beauty and personal care industry for manufacturing cosmetic items has increased the demand for guar in the market. However, the fluctuating price of agricultural products due to seasonal changes is the major constraint of the guar market. On the contrary, innovation in the pharma industry for the development of guar for medicinal uses is anticipated to offer potential growth opportunities for the market.
New product launches to flourish the market
The launch of a new grade of guar for use in different industries has been the major change for the guar gum manufacturing companies. The companies have developed new grades of guar in collaboration with different industries to customize as per the requirements of the industry. The market leaders have launched a pharma-grade guar gum that is used by the pharma company as a binder, micro-encapsulation, and disintegrating agent of drugs. Moreover, guar gum is used as a dietary fiber supplement by the supplement manufacturers and used by the pharma company as a fiber to clean the intestine.
Surge in usage by shale oil industry
The demand for industrial-grade guar gum is growing as the U.S. shale companies.These companies are demanding for guar gum for hydraulic fracking and oil well drilling in the oil &gas industry. Shale gas production in the U.S. is booming, and the U.S. has massive deposits of oil and gas resources, which significantly contribute toward the growth of the global market.
Key benefits of the report
- This study presents the analytical depiction of the global guar industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global guar market share.
- The current market is quantitatively analyzed to highlight the global guar market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.
Questions answered in the global guar market research report:
- Which are the leading players active in the global guar market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What future projections would help in taking further strategic steps?
Guar Market Report Highlights
| Aspects | Details |
 By Type |
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 By Application |
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 By Function |
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 By Region |
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 Key Market Players | Global Gums & Chemicals Pvt. Ltd., Ingredion Incorporated, Sarda Gums and Chemicals, Jai Bharat Gum and Chemicals Ltd, Tiku Ram Gum & Chemicals Pvt. Ltd., Shree Ram Industries, Rama gum industries limited, Dabur India Ltd., Hindustan Gum & Chemicals Ltd., Supreme Gums Pvt. Ltd. |
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