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Guar gum is a galactomannan which is essentially the ground endosperm of guar or cluster beans. The generic names for guar gum are guaran, guar, and Indian cluster beams. It is obtained from the seeds of the drought-tolerant plant Cyamopsis tetragonoloba, belonging to the Leguminosae family. Guar gum looks similar to locust bean gum, being largely made of composite carbohydrate polymer of galactose and mannose, however, with distinctive ratios of these two sugars.
India, Pakistan, Sudan, and some parts of the USA produce the maximum volume of guar. India alone grows more than 80 percent of the total guar produced globally. A large part of guar produced in India is primarily exported to the United States and Europe.
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Key Details About the Guar Gum Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Guar Gum price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Guar Gum Price chart, including India Guar Gum price, USA Guar Gum price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Guar Gum Price Trend:
Guar gum is extensively applied in industries such as food, pharmaceutical, textile, oil, paint, paper, explosive, and cosmetics owing to its properties like strong hydrogen bond forming tendency in water and dense nature. In addition, one more reason for its popularity in industrial use is its low cost. Because of this, it is extensively used in the gum and stabilisers industry. Moreover, in the food industry, guar gum is utilised in ice cream, sauce, beverages, bakery, and meat industries. Besides, it is also employed in food items made for supplementation as dietary fiber. Furthermore, guar gum is also utilised in beverages for thickening and gluiness control.
Key Players:
- Agro Gums
- Haryana Guar Gum & Chemicals
- Cargill, Incorporated
- Chimique India Ltd.
- TIC Gums, Inc.
- Nuevo Polymers Pvt. Ltd.
News & Recent Development:
- April 27, 2023: Guar gum prices are expected to decline in the United States market. The fracking technique uses guar gum powder to release oil and trap shale gas in the rock. It helps accelerate the complete oil extraction process, which leads to the huge demand for guar gum powder by oil companies. In spite of all this, the guar gum prices will witness a reduction in the demand in the domestic market. The days of fast augmentation of the shale oil industry in the United States are over, resulting in a low demand for guar gum in the approaching months, supported by the decline in the demand from the shale gas manufacturing sectors.
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