Guar Gum Sector: Growth Drivers and Challenges
Growth Drivers
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Growing Demand for Guar Gum from the Oil & Gas Industry
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Increasing Adoption of Guar Gum in the Pharmaceutical Industry
Challenges
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Volatility in the Price of Raw Materials
Guar Gum Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
7.1% |
|
Base Year Market Size (2024) |
USD 1.33 billion |
|
Forecast Year Market Size (2037) |
USD 3.24 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of guar gum is estimated at USD 1.41 billion.
Guar Gum Market size was valued at USD 1.33 billion in 2024 and is likely to cross USD 3.24 billion by 2037, expanding at more than 7.1% CAGR during the forecast period i.e., between 2025-2037.
North America industry is predicted to dominate majority revenue share of 52% by 2037, North America industry is set to dominate majority revenue share of 52% by 2037
The major players in the market are Ingredion Incorporated, Ashland Inc., Shree Ram Industries, Hindustan Gum & Chemicals Ltd., Vikas WSP Ltd., Cargill, Incorporated, Ruchi Soya Industries Limited, and others.
