4 February 2019: Guar
Gum Market is anticipated to grow considerably in the forecast
period owing to the increasing use of guar gum in the oil and gas industry.
Guar gum is derived from guar beans and is also popularly known as gellan gum.
It is a fiber with myriads of uses and few benefits to the body. Guar gum also
enjoys most of the present commercial status due to the development of cationic
and anionic guar gum derivatives and their applications in oil and gas. It was
initially used in explosives as a gelling agent in slurry explosive or as an
additive to dynamite.
Guar gum has emerged as a major ingredient for fracking
fluids that hold application in oil & gas hydraulic fracturing process. The
gelling and thickening properties of guar gum essentially improves the
viscosity of hydraulic fluids. In the food and beverage sector, the product is
mainly used as thickener and stabilizer in stuffs like bottled coconut and
almond milk, soups, yogurts, and fiber supplements. Besides, guar gum is also
used in textile and paper industries.
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Guar gum is regarded as a novel agrochemical, which makes it
ideal for use in food processing applications. Furthermore, guar gum is also
finding its utility in managing human health disorders like bowel movements,
cardiac ailments, diabetic colon cancer along with increasing application in
drug manufacturing as well. All of these factors are predicted to boost the
guar gum market in near future.
The market is majorly driven by high demand for bakery and
confectionary food products. Increasing population and changing lifestyle of
consumers are the factors that drive the food and beverage industry, which
ultimately fuels guar gum market.
Guar gum market is categorized on the basis of grade,
application, end use, and geography. On the basis of grade, the market is
divided into food grade, industrial grade, pharmacy grade, and others.
Industrial grade is further divided into paper, mining, explosive, oil &
gas. Pharmacy grade is also further classified into drugs, cosmetics and
others. Industrial grade is predicted to hold larger share of guar gum market
in near future owing to the multi-functional properties and wide applications
in oil & gas, mining & explosives, tobacco, textile, paper
manufacturing, and photography industry among others.
The key players in guar gum market are USA Guar Gum, Dabur
India, India Glycols, Vikas WSP, Rama Industries, Hindustan Gums and Chemicals,
TIC, Nutriroma, Shree India Sino and AEP Colloids.
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