Market Trends of Welan Gum Industry
This section covers the major market trends shaping the Welan Gum Market according to our research experts:
Construction Segment to Dominate the Market
- Welan gum is used in cement and concrete. When used as the water retention agent, it does not require the application of dispersants like other additives need. It is widely used in selfcompacting concrete, owing to its excellent rheological properties.
- Welan gum can improve the workability, plasticity, air content, sag resistance, suspension amount, and ability of anti-subsidence, as well as flow characteristics and anti-dehydration of cement.
- Such characteristics of improvements remain unaffected with an increase in temperature. These improvements can be retained at elevated temperatures even higher than 93°C. Compared with other additives, welan gum with lower concentration can achieve a very good effect.
- Countries, such as India, China, Indonesia, Vietnam, and Malaysia, are receiving significant investments, both from public and private sources, which are increasing the development of the infrastructure sector and opening up newer avenues for welan gum demand.
- Such positive factors are likely to increase the demand for welan gum over the forecast period.
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North America Region to Dominate the Market
- North America dominated the global welan gum market, with almost 30% of the global share, followed by Asia-Pacific with more than 25% share. The United States was the market leader, followed by China.
- The growth in the US residential sector is slower than the growth in the non-residential sector. The growing population is expected to boost the demand for housing in the country. Furthermore, about 20 million households are projected to be constructed over the next decade. The US commercial construction sector is expected to witness a higher growth rate in the next few years.
- This growth in the construction sector in the country is likely to fuel the welan gum market growth.
- Thefood and beverage industryis an essential part of the US economy. E-commerce and delivery are also growing in popularity. With such high internet penetration and increasing demand for convenience, consumers are increasingly ordering groceries and other food products online.
- The aforementioned factors are likely to open up newer avenues for the welan gum demand in the countryin specific and region in general.
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