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Guar Gum Market is projected to hold a value of over USD 1.1 billion in 2022




(Entertainment-NewsWire.com, November 14, 2017 ) According to the report Guar Gum Market, published by Market Data Forecast, the Global market is projected to reach USD 1.11 billion by 2022, at a CAGR of 7.9% from 2017 to 2022.

Guar gum is extracted from guar plant which is also known as Cyamopsis Tetragonaloba. It is rich in legume, which is one of the essential nutrients to humans and animals. It also has properties like regeneration of nitrogen in the soil, also the endosperm of the seed of guar plant also has hydrocolloid properties and is widely used in many industries.
Get a comprehensive overview of the Guar Gum Market: http://marketdataforecast.com/market-reports/guar-gum-market-4287/

Guar Gum Market: Drivers & Restraints
Factors like the developing oil and gas industry, mostly the shale gas industry has created an upsurge in the demand of guar gum. Also, increasing application of guar gum in various industries like, mining and explosives, food and beverage, paper and pulp industry, pharmaceuticals, oil and gas, etc boosts the demand for guar gum.

However, the seasonal production and availability of the guar plants as well as demand-supply discrepancies are the factors hindering the growth of market.

Get accurate market forecast and analysis on the Guar Gum Market. Request a sample to stay up-to-date on the main trends affecting this market: http://marketdataforecast.com/market-reports/guar-gum-market-4287/request-sample

Guar Gum Market: Segmentation
By Grade
Food Grade
Industrial Grade
Pharmaceutical Grade
By Function
Thickening
Gelling
Binding
Friction Reducing
Other Functions
By Application
Oil and Gas
Food and beverages
o Bakery and Confectionary
o Dairy and Frozen Products
o Sauces and Dressings
o Others
Mining and explosives
Paper Manufacturing
Pharmaceuticals and Cosmetics
Others
By Geography
North America
o United States
o Canada
Europe
o U.K
o Spain
o Germany
o Italy
o France
Asia-Pacific
o China
o India
o Japan
o Australia
o South Korea

Latin America
o Brazil
o Argentina
o Mexico
o Rest of Latin America

Middle East & Africa
o Middle-East
o Africa

From simple data collation through secondary and primary research to ad-hoc research requests relating to specific information, we provide our services via customization. Get customization at http://marketdataforecast.com/market-reports/guar-gum-market-4287/customize-report

Guar Gum Market: Overview
Currently, on the basis of grade, Industrial grade gum holds the major share in the market due to the multi functional properties of guar gum and its applications in various industries. Food grade gum is expected to grow the fastest due to its increasing demand in frozen food and confectionary sector. In 2017, the oil and gas industry is accounted for the major share in the market both in terms of market volume and value due to its uses as a gelling, thickening and friction reducing properties and increasing shale gas production.

Regionally, North America dominated the guar gum market due to growing oil and gas industry in this region and increasing demand for processed foods, frozen food and confectionary foods in United States. Also, North America is projected to grow the fastest due to high import volumes in the United States.

Guar Gum Market: Key Players
Jai Bharat Gums & Chemicals Ltd. (India), Neelkanth Polymers (India), Guangrao Liuhe Chemicals Co. Ltd. (China) , Lucid Group (India) ,Hindustan Gums & Chemicals Ltd. (India), Vikas WSP Limited (India), Ashland Specialty Ingredients (U.S.), Ingredion Inc. (U.S.), Altrafine Gums (India), Ruchi Soya Industries Ltd. (India), and Supreme Gums Pvt. Ltd. (India) are the leaders in the global Guar Gum market.

About Market Data Forecast:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options. For more information, kindly visit, www.marketdataforecast.com.

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Market Data Forecast
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Mail: abhishek@marketdataforecast.com
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Market Data Forecast

Abhishek

+1-888- 702-9626

abhishek@marketdataforecast.com

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