Guar gum is a natural polymer extracted from the guar seed. Its most important property is its ability to attain high viscosity in low concentrations. Also, its colloidal nature and emulsifying property make it ideal for use as a thickening agent. In addition, being a natural non-toxic polymer it can added to foods and beverages without concerns about health of consumers.
Major drivers are the high dependency and versatility of guar gum. This is due to lack of technically viable and feasible alternate products in industries such as oil & gas, textiles, and pharmaceuticals. The major challenges are the instability of oil price, oversupply and gradual emergence of superior alternatives. Also, as the key source being agriculture, the weather plays an important role in production.
Guar Gum Market Taxonomy
On basis of Grade
On basis of Application
On basis of End User
A wide variety of grade guar gum powder are used in food industries. They are used as stabilizers, thickeners and emulsifiers. They are also suitable for use in painting, printing, fire control, dyeing, and textiles. As a stabilizer, thickener and suspending agent guar gum can also be used in various other industrial applications and preparations.
The largest end users in the guar gum market are food & beverages and oil & gas industry. It is used as a stabilizer in ice-creams, instant puddings, cheeses and whipped cream substitutes and as a meat binder. Moreover it is also used as an additive to fracking fluid to increase its viscosity. This helps in keeping fractures open for longer period of time increasing drainage and production of oil.
Guar Gum Market Outlook
Propel SSP, manufactured by Fairmount Santrol Company, based in U.S., is an alternative to guar gum proppant. It is a cheaper and technically superior alternative. Though currently in research and trial stage, Propel SSP market is expected to grow due to the successful trials in Marcellus and Utica shale. This will negatively affect the guar gum industry in the future. Some major players in the Guar Gum Market are Penford Corp., TIC Gums, Inc., Lucid Group, Vikas WSP Limited and Ashland Inc.
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
The primary research is conducted with the ecosystem players including, but not limited to:
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.[email protected]
Talk to our research consultant to design an exclusive report as per your research needs.
We aim to fulfil client's research demands with tailored research solutions.
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
We strive to provide most accurate and reliable research findings in our research reports.