Check out Guar Market : Global Industry analysis, Global market size analysis, Forecasts and opportunity assessment of Guar (2017-2022)
Introduction to Guar
Guar or cluster bean ( Scientific Name: Cyamopsis tetragonoloba) is a legume which is produced annually. For farming guar, frequent rainfall and semi-arid land are necessary. Cultivated mostly in northwestern India and Pakistan, it is used for producing guar gum. Guar gum is produced after the seeds are dehusked and processed. It is used in food industry as well as hydraulic fracturing industry. Another important aspect of guar production is its symbiotic relationship with nitrogen-fixing bacteria which helps in replenishing the soil with essential fertilizer and nitrogen. Guar is being cultivated in Texas, USA, Australia, and Africa as well due to its many uses. Apart from guar gum and nitrogen fixation, guar is used as a cattle feed, green manure and as a vegetable.
Market Dynamics of Guar
The primary driver for the high demand of guar is due to its versatile use. Guar is used as a food, in the form of guar gum in the food industry as well as hydraulic fracturing industry, as a fertilizer and as cattle feed and manure. The trend of using environment-friendly product serves as a major driver for the market while its application in multiple industries like the oil and gas industry, the food industry, mining and explosive industry and others drives its demand upward. With a rising fascination towards eco-friendly alternatives and organic products, guar is becoming a sought-after product.
The major restraint of the market is the changes in production due to rainfall. Though guar seeds are drought tolerant, inconsistent rainfall impacts the supply of raw materials for the industry. An improvement in production technology and rainwater conservation will help with this issue. Also, the lack of government regulations in the production and trading results in an open market, with the price being set according to the demand. The prospects of specialized application and value-added products present an opportunity for this industry. The market can also grow by targeting new countries for exporting and increasing its application through research and development.
Market Segmentation of Guar
The market can be segmented on the basis of product, industry, and region. Based on the product, guar market can be divided into the market for Guar Pod, Guar Gum, and Guar Meal. Guar Pod is consumed as vegetables while the seed is used to produce guar gum and guar meal. Based on industry, mainly Oil and Gas, Food, Agriculture, Pharmaceuticals, Detergents, Medicinal, Cosmetics, Ceramics and explosives, and mining. The oil industry is the biggest industry for the product consuming around 60% of the production whereas food industry consumes 25%.
Regional/Geographic Market Analysis of Guar
The Guar Market is produced mainly in India and Pakistan while some production is done in USA, South Africa, Brazil, Zaire, and Sudan. India with 80% of production is the leader while Pakistan produces 15% of the world’s guar. 50% of the global production is imported by USA followed by Germany and China.
Key Market Players of Guar
Some of the major players in the market are Vikas WSP, Hindustan Gums, Dabur, Neelkanth Polymers and Rama Gum Ltd.
The report contains a comprehensive analysis on:
- Guar Market Segments
- Guar Market Drivers, Restraints and Opportunities
- Guar Market Size & Forecast 2016 to 2022
- Supply & Demand Value Chain
- Guar Market Current Trends
- Competition & Major Companies
- Technology and R&D Status
- Porters Five Force Analysis
- Strategic and Critical Success Factor Analysis of Key Players
Regional analysis for Guar Market includes
- North America
- US and Canada
- Latin America
- Mexico, Brazil, Argentina and Rest of Latin America
- Western Europe
- EU5 (Germany, France, Italy, Spain, U.K.)
- Nordic Countries (Denmark, Finland, Norway, and Sweden)
- Benelux (Belgium, The Netherlands, and Luxembourg)
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific
- Australia and New Zealand
- Rest of Asia Pacific
- Middle East and Africa
- GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
- South Africa
- North Africa
- Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides in-depth market segmentation that is derived from extensive product mapping exercises, macroeconomic factors and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
- Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
- Consumer and Pricing Analysis
- Market dynamics of the industry
- In-depth Market Segmentation
- Historical and Projected Market Sizing in terms of volume and value
- Recent market trends and Impact Factors
- R&D Status and Technology Overview
- Extensive Industry Structure Coverage