North America Guar Gum Market is poised to touch USD 372 million by 2021

09/nov/2017 13.23.11 MDFtends Contatta l'autore

The North America Guar Gum Market is worth USD 247 million in 2016 and estimated to grow at a CAGR of 8.5%, to reach USD 372 million by 2021. The North America Guar Gum market is developing at an exceptionally quick pace.

Browse Market data tables and in-depth TOC of the North America Guar Gum Market to 2021 @ http://www.marketdataforecast.com/market-reports/north-america-guar-gum-market-4291/

The guar plant is aplant known as 'CyamopsisTetragonaloba'.  The important source of nutrition to human and animals is the legume, it regenerates soil nitrogen and the endosperm of guar seed is an important hydrocolloid widely used across various industries.

The significant drivers is the developing oil & gas industry, specially the shale gas industry, which in turn increased the demand for guar gum. Also surge in the growing use of guar gum in wide range of applications, such as oil & gas, food & beverages, mining & explosives, paper manufacturing, pharmaceuticals etc. in developed and developing nations is boosting the industry.

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The North America Guar Gum Market for Guar gum is segmented on the basis of function, grade, application and region. Based on function, the market is segmented into Thickening, Gelling, Binding, and Friction Reducing. Based on application, the market is segmented into Food & Beverages, Oil & Gas, Paper Manufacturing, Mining & Explosives, and Pharmaceuticals & Cosmetics. Based on Grade, the market is segmented into Food Grade, Industrial Grade and Pharmaceutical Grade. The industrial grade segment is estimated to account for the largest market share in the Guar Gum Market in 2016. It is considered as the one of the most widely used guar gum, owing to its multi-functional properties and its vast applications in the oil & gas, mining & explosives, paper manufacturing etc. Based on Food and Beverage application, the market is segmented into Bakery & Confectionery Products, Dairy & Frozen Products, Beverages, Sauces & Dressings and Others.

The North America Guar Gum Market has been geographically segmented into segmented into US, Canada and Mexico. North America has the largest share in this market .USA has the highest demand followed by Canada and Mexico. The North America region is largely driven by health concerns.

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Jai Bharat Gums & Chemicals Ltd. (India), Neelkanth Polymers (India), GuangraoLiuhe 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 North America Guar Gum market.

 

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