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North America Guar Market - Segmented By Geography - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

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More than 60% of the global guar demand is accounted for by North America. The United States alone accounts for more than 50% import of guar and guar seeds.  As the United States is the premium importer of gaur and guar seeds, the global guar price is dependent on the US demand. India is the leading exporter of guar gum to North America. The guar imported from other countries is processed to form guar gum, which is considered to be of better quality, as compared to the regionally produced guar gum in the United States and Canada. Gaur is used for processing in various industries, like pharmaceuticals, cosmetics, food & beverage, and oil processing, among others.  

Increasing Oil Rig Interest in North America

The number of oil rigs drilling has increased from 566 in 2016 to 759 in 2017. With increasing oil production, the requirement of guar gum effectively increases. This is because guar gum is used as a thickening agent in the fracking process, a method to extract shale gas. It is one of the most sought after products that is not regionally produced at par with the export quality.

Increasing Application of Guar

The increasing application of guar in various industries, like pharmaceuticals, cosmetics, food & beverage, and oil processing, among others, helps expand the guar market. Various applications of guar are as a thickening agent, gelling agent, preservative, and fat replacer, among others. These processes require high quantities of guar, and thus, the guar demand is on the rise.

                           

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  • Identify the dominating and fastest-growing regions in the North America guar market and their growth trends during the forecast period
  • The report outlines production, consumption, and import and export analysis for the market
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)

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1. Introduction

                1.1 Market Definition

                1.2 Key Findings of the Study

2. Research Scope & Methodology

                2.1 Study Deliverables

                2.2 Study Assumptions

                2.3 Research Methodology

                2.4 Research Phases

3. Market Dynamics

                3.1 Drivers

                                3.1.1 Increased Oil Rig Interest in North America

                                3.1.2 Soaring Crude Prices Boost Guar Export

                                3.1.3 Increasing Applications of Guar

                3.2 Restraints

                                3.2.1 Fluctuating Prices in Oil Industry

                                3.2.2 Concentrated Poduction Creates Bottlenecks in Supply

4. Market Segmentation, by Geography

                4.1 United States

                                4.1.1 Production Analysis

                                4.1.2 Consumption Analysis

                                4.1.3 Import Market (Volume & Value)

                                4.1.4 Export Market (Volume & Value)

                4.2 Canada

                                4.2.1 Production Analysis

                                4.2.2 Consumption Analysis

                                4.2.3 Import Market (Volume & Value)

                                4.2.4 Export Market (Volume & Value)

5. Future of the Market

6. Appendix

7. Disclaimer

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