Target Audience of Guar Market: Manufacturer / Potential Investors, Traders, Distributors, Wholesalers, Retailers, Importers and Exporters, Association and government bodies.
Guar Market Report provides key statistics on the market status of the Guar Key-players/Manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Industry
Guar Gum is an important ingredient in creating nourishment emulsifier, food additive, nourishment thickener, and other guar gum items. The guar industry has developed from guar being utilized in households to discovering applications for it in industries. Attributable to new innovations, the natural gum property of guar has several applications in food, pharmaceuticals, and oil industries.
India is the largest producer of guar and contributes over 80% of the total guar and guar gum production in the world. Although the area harvested for guar in India has not changed in almost 10 years, the production of guar has increased significantly due to higher productivity.
Oil & Gas is the Most Preferred Guar Gum Application
The oil & gas sector has represented the largest share in the guar gum market in terms of both value and volume since 2016. Due to the practical properties, like gelling, thickening, and erosion decreasing, the mechanical review guar gum is generally utilized in the oil & gas sector. The expanding number of oil well boring undertakings and the increasing shale gas generation in several nations, like China and the US, are driving the interest for guar gum in the oil & gas division. The wide utilization of guar gum among various industries provides several opportunities for growth in the guar gum market.
Major Importers of Guar Gum from India
The US is the largest importer of guar gum from India, with an annual import of more than 244829 metric ton representing about 60% of the total guar gum exports from India. China and Germany are the other major importers of guar gum from India, they import more than 32268 metric ton and 12085 metric ton, respectively, which accounts for 7.8% and 2.9% of the total guar gum export from India. Other major importers of guar gum are Italy, South Africa, Russia, Australia, Netherlands, Japan, Brazil, Belgium, and Canada. Presently, India exports guar gum to more than 90 countries.
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This Guar market report offers an overview of the market trends, drivers, and barriers with respect to the market. A detailed analysis of key players, along with key growth strategies adopted by them is also covered in this report on Guar market.