Guar gum powder is extracted from the endosperm of the guar bean which is grown majorly in the north-western region of India and Pakistan. Guar has been cultivated for ages as a rotational crop and a source of food and animal feed. The gum extracted from the beans of this plant has been used in various industries including – food and beverages, textile, paper, explosives, animal feed, pharmaceuticals, cosmetics, tobacco, etc. In the last decade, the oil drilling industry has come to represent the largest consumer of guar gum powder. The global guar gum powder market, however, has experienced fluctuations in demand and price in the recent years with the total global production reaching a volume of nearly 0.7 Million Tons in 2015.
Browse full report at: http://www.imarcgroup.com/guar-gum-powder-manufacturing-plant
The prices of guar gum powder have witnessed fluctuations during the last few years. When it proved to be an economical and efficient proppant for use in hydraulic fracturing, the oil and gas companies in the US imported huge amounts of guar gum powder which resulted in an increase in its prices. The prices further increased as the major guar cultivating parts in India faced drought during 2012 and the production of guar gum powder dropped. As a result of short supply and high prices, the cultivation of guar was taken up by numerous other farmers in India and some of the importing countries which resulted in an over-supply and lead to a crash in the prices. The plummeting prices were additionally affected by the falling crude oil prices during 2014-2015 which resulted in the drilling for oil and gas to slow down and the use of guar gum to become unviable owing to its high prices as compared to its substitutes.
The demand for guar gum powder, however, is expected to grow steadily over the next few years as most of its substitutes have not proved to be as efficient. A slow but steady growth in the oil and gas industry and a continuous demand in the food and beverage and other end-use industries are also expected to drive the global guar gum powder market. The market is expected to reach a volume of more than 1 Million Tons in 2021, exhibiting a CAGR of nearly 8% during 2015-2021.
Oil drilling sector represents the largest end-user
The most important property of guar gum powder is its ability to hydrate quickly in cold water to achieve a uniform and high viscosity at relatively low concentrations. As a result of this, it is used for versatile applications in various industries.
In the oil drilling sector, guar gum powder is used as a proppant in the hydraulic fracturing of subsurface rocks which trap enormous amounts of oil and natural gas. This is a result of its exceptional compatibility with other auxiliaries used in oil drilling and its solution rheology, stability and solubility.
The second largest consumer of guar gum powder is the food and beverage sector. In this sector, it is used in frozen foods, confectionery, beverages, dairy products, ketchup, pickles, etc.
Other major consumers of guar gum powder include – paper & textile, pharmaceuticals, cosmetics, animal feed, explosives, tobacco, etc.
The US represents the biggest consumer
Guar is mainly cultivated in India and Pakistan which contribute to the major portion of the total global guar production. Other countries where guar is cultivated include the US, South Africa, Malawi, Congo and Sudan. On the basis of the consumption of guar gum powder, the US represents the largest consumer. Other major consumers of guar gum powder include Germany and India.
As India represents the largest producers of guar, the major players are also located in this region. Some of the key players include – Hindustan Gum & Chemicals Ltd., Rama Industries, India Glycols Ltd. and Vikas WSP Ltd.
About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the guar gum powder industry, which has enabled the clients to successfully set up and expand their businesses. Some of the company’s offerings include:
- Market Research
- Plant setup
- Plant Expansion
- Marketing and sales
- Procurement and Distribution
- Innovation and Product Development
For more information, please visit: http://www.imarcgroup.com/