Global Guar Gum Powder Market Driven By Wide-Ranging Industrial Applications
Although the global guar gum powder market witnessed fluctuating trends in recent years, IMARC Group expects the market to grow at a stable rate from 2016 onwards.
A recently published report by IMARC Group titled “Guar Gum Powder Market – Industry Trends, Manufacturing Process, Plant Setup, Machinery, Raw Materials, Cost and Revenue” provides an extensive and thorough analysis of the global guar gum powder market. Guar Gum powder is obtained from ground endosperm of guar plant which is commonly cultivated in India and Pakistan. Typically produced as a free-flowing, off-white powder, guar gum has excellent thickening capacity with a high solubility in water. Guar gum powder finds innumerable applications across a variety of industries such as food, textile, pharmaceuticals, personal care, health care, nutrition, cosmetics, paper, explosives, mining and oil drilling. It is mainly used as a natural thickener, emulsifier, stabiliser, bonding agent, hydrocolloid, gelling agent, flocculants and fracturing agent. According to the report, the demand of guar gum is highly influenced by the petroleum industry as one of the most significant applications of guar gum has been in petroleum production, mainly in hydraulic fracturing. The Shale gas exploration in the United States further led to a surge in the demand for guar gum. The report further finds that the global production of guar gum has experienced fluctuating demand and price trends in recent years with volumes reaching 0.8 Million Tons in 2015. Nonetheless, IMARC expect the market to grow at a stable rate from 2016 onwards with total production levels growing at a CAGR of 7.5% during the forecast period.
Browse full report at http://www.imarcgroup.com/guar-gum-powder-manufacturing-plant
The report has segmented the market on the basis of key applications and also provides a market share analysis of major regions. Currently, the oil drilling sector represents the biggest end-user of guar gum powder accounting for around 60% of the total global consumption. Oil drilling is followed by the food industry, paper and textile, pharmaceuticals and cosmetics. Region-wise, the United States is the leading market for guar gum powder accounting for around one-third of the global guar gum consumption. The United States is followed by Germany and India. The report has further analysed the competitive landscape of this market. Some of the key players covered in the report include Hindustan Gum & Chemicals Ltd., India Glycols Ltd., Vikas WSP Ltd., Pakistan Gum Industries Pvt. Ltd. and Rama Industries.
This report has provided a detailed technical insight on setting up and operating a guar gum powder manufacturing plant. It covers all the prerequisites of the global guar gum powder market and provides an in-depth analysis of the industry performance, processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the guar gum industry in any manner.
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Sep 26, 2016