Guar Gum Market Analysis

The global guar gum market is segmented by grade into food, pharmaceutical, and industrial. Out of these segments, the industrial grade segment is projected to hold the largest share of the market during the forecast period and is further anticipated to touch USD 605.3 Million by the end of 2028. The segment is also anticipated to grow with the highest CAGR of 7.0% during the forecast period. Industrial grade guar gum is used in a wide array of industries namely oil & gas, explosives manufacturing, paper, textile, and others. It is used as a sizing agent, thickening agent, wet-end additive, and gelling agent in these industrial applications. Industrial grade guar gum powder is available in a broad range of particle size and viscosity. The guar gum market is further segmented based on application into thickening, gelling, binding, friction reducing, and others. Amongst these segments, the thickening segment is anticipated to grow with the highest CAGR of 7.1% during the forecast period. Based on end user, the market is segmented into oil & gas, food & beverages, mining & explosives, paper manufacturing, pharmaceuticals, personal care & cosmetics, and others. Out of these, the pharmaceuticals segment is projected to grow with the highest CAGR of 7.2% during the forecast period.

Our in-depth analysis of the global market includes the following segments: