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Guar Gum Market Trends

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Report ID: 3177
Published Date: Oct 18, 2024
Report Format: PDF, PPT

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Guar Gum Market Trends

Growth Drivers

Growing Demand for Guar Gum from the Oil & Gas Industry
Increasing Adoption of Guar Gum in the Pharmaceutical Industry

Challenges

Volatility in the Price of Raw Materials

Guar Gum Market: Key Insights

Base Year	2023
Forecast Year	2024–2036
CAGR	7.1%
Base Year Market Size (2023)	USD 1.24 billion
Forecast Year Market Size (2036)	USD 3.02 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Guar Gum Market Size & Share | Growth Report 2036

Author Credits: Parul Atri

Report ID: 3177
Published Date: Oct 18, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of guar gum is assessed at USD 1.31 billion.

Guar Gum Market size was over USD 1.24 billion in 2023 and is projected to reach USD 3.02 billion by 2036, witnessing around 7.1% CAGR during the forecast period i.e., between 2024-2036.

North America industry is set to dominate majority revenue share of 52% by 2036

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.

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