Guar Gum Market Expected to Behold a CAGR of 4.4% through 2025: Grand View Research Inc.

The global guar gum market size is expected to reach USD 785.2 million by 2025, according to a new report by Grand View Research, Inc. The global market is projected to expand at a CAGR of 4.4% during the forecast period. Increasing use of guar gum for horizontal oil well drilling and hydraulic fracturing in the shale gas and oil industry is presumed to be the primary factor for market growth.

Increasing purchasing power of buyers owing to rising per capita income is expected to result in increased consumption of processed food. In addition, growing urban population and preference for convenience food by time-constraint consumers is expected to escalate the growth of the food processing industry, consequently driving demand for guar gum.

Production and demand are key factors influencing the price of raw material with changes in consumption trends of consumer industries, resulting in price fluctuations. The amount of rainfall during the monsoon determines raw material supply for the product. High fluctuation in prices with no minimum price guarantee may hamper market growth.

The industry faces a rising threat of substitution, owing to availability of cheaper substitutes such as xanthan gum, locust bean gum, and other synthetic alternatives. However, the threat of substitution is expected to remain moderate as synthetic alternatives are not preferred due to environmental risks and uncertain performance efficiency .

The market is concentrated in Asia Pacific, especially India and Pakistan. Majority of companies in this market operate their businesses on a small scale. Companies that cater to international markets, especially U.S., China, Europe, and Saudi Arabia, usually opt for direct distribution in order to increase their profit margin.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/guar-gum-market

Further key findings from the report suggest:

·       Industrial grade guar gum is expected to register a high revenue-based CAGR of 5.3% from 2018 to 2025 owing to its widespread usage in paper, textile, mining, and explosives industries

·       Thickening and gelling agent is estimated to be the fastest-growing function segment by revenue, registering a CAGR of 5.0% from 2018 to 2025, owing to its rising use in food, pharmaceutical, and oil and gas industries

·       Oil and gas industry is the largest application segment, which stood at USD 208.2 million in 2017, due to a booming U.S. shale gas and oil industry

·       Product demand in North America is expected to value USD 415.2 million by 2025 on account of growing exploration and production activities in U.S. and Canada

·       The market exhibits presence a number of small-scale manufacturers, primarily located in India and Pakistan. Major companies in the market focus on mergers and acquisitions in order to expand their business. However, they face competition from small players in terms of product prices.

Grand View Research has segmented the global guar gum market on the basis of grade, function, application, and region:

Guar Gum Grade Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

·         Food Grade

·         Industrial Grade

·         Pharmaceutical Grade

Guar Gum Function Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

·         Stabilizer & Emulsifier

·         Thickening & Gelling Agent

·         Binder

·         Friction Reducer

·         Others

Guar Gum Application Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

·         Oil & Gas

·         Food & Beverage

·         Pharmaceuticals & Cosmetics

·         Others

Guar Gum Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

·         North America

o    U.S.

o    Canada

o    Mexico

·         Europe

o    Germany

o    U.K.

o    Netherlands

o    Italy

o    Russia

·         Asia Pacific

o    China

o    India

o    Japan

o    Australia

o    Thailand

o    Indonesia

o    Republic of Korea

o    Malaysia

·         Central & South America

o    Brazil

o    Argentina

o    Chile

·         Middle East & Africa

o    Saudi Arabia

o    United Arab Emirates

o    South Africa

 About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research    reports, customized research reports, and consulting services. To help clients make informed business    decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Synthetic Fibers Market Latest Innovations, Drivers and Industry Key Events by 2025

The global synthetic fiber market is expected to reach USD 88.5 billion by 2025, according to a new report by Grand View Research, Inc. The superior chemical, physical and mechanical properties of synthetic fibers are further expected to propel the demand over the forecast period.

In terms of revenue, polyester was the largest segment in 2016 and the trend is anticipated to continue at a growth rate of 6.3% over the forecast period. The useful chemical properties such as resistance to moisture, chemical and abrasion are expected to boost the demand among the consumers over the forecast period. Polyester has been extensively used in clothing applications on account durability, wrinkle and stain resistance. The polyester when mixed with other synthetic fibers improves the surface appearance as it imparts high luster.

Synthetic fiber is used in various applications, such as clothing, home furnishing, automotive, and filtration, as it imparts useful functional properties including heat and moisture resistance. The increasing spending capability of customers toward purchasing attractive clothing is expected to trigger the demand for various types of synthetic fibers. These factors together are anticipated to boost the demand over the forecast period.

The demand for synthetic fiber will further be driven by the growth in clothing in developed economies including the U.S., Germany, the UK, and France. E. I. du Pont de Nemours and Company announced the addition of two new testing facilities in Brazil and Singapore to test and analyze the performance of fire protective apparels. The addition of these facilities will bring the company’s total lab count to five. Other companies in synthetic fiber business are also undergoing expansion on account of increased demand from developed economies.

To request a sample copy or view summary of this report, click the link below: 
http://www.grandviewresearch.com/industry-analysis/synthetic-fibers-market

Further key findings from the report suggest:

·       Polyester segment is expected to experience the fastest growth, in terms of volume, at a CAGR of 5.4% from 2017 to 2025 as polyester finds application in various end-use industries such as clothing, home furnishing, automotive and filtration

·       Clothing was estimated as the largest application due to different types of segments across various geographies

·       The U.S. synthetic fiber market, in terms of revenue, was valued at USD 4,301.6 million in 2016 and is estimated to reach USD 6,776.7 million by 2025. The clothing industry in the U.S. is projected to witness the fastest growth over the next eight years owing to the increasing demand from customers

·       Key players including Toray Industries, Inc., E. I. du Pont de Nemours and Company, Lenzing AG, Indorama Corporation, Mitsubishi Chemical Holdings Corporation, Reliance Industries Limited, and China Petroleum Corporation have a prominent presence in the global synthetic fiber market

Grand View Research has segmented the global synthetic fiber market on the basis of type, application, and region.

Synthetic Fiber Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)

·         Polyester

·         Nylon

·         Acrylics

·         Polyolefin

·         Others

Synthetic Fiber Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)

·         Clothing

·         Home Furnishing

·         Automotive

·         Filtration

·         Others

Synthetic Fiber Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)

·         North America

o    U.S.

·         Europe

o    Germany

o    UK

o    France

·         Asia Pacific

o    China

o    India

o    Taiwan

·         Central & South America

o    Brazil

·         Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research    reports, customized research reports, and consulting services. To help clients make informed business    decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Produced Water Treatment Market is Expected to Amplify $9.79 Billion Value by 2024

The global produced water treatment market is expected to reach USD 9.79 billion by 2024, according to a new report by Grand View Research, Inc. The technological advancement pertaining to water management in the oil & gas sector with an aim to not only enhance productivity but also as ensure environment protection is expected to have a positive impact on the market. Depleting reserves of crude oil in major OPEC countries including Saudi Arabia and Indonesia owing to rising capital costs in exploration & production (E&P) is expected to force oil companies to invest in alternate sources including tight oil, coalbed methane (CBM) and gas hydrates. This trend is projected to promote the usage of produced water treatment in E&P activities of alternative sources including shale gas and tight oil over the forecast period.

Offshore application is projected to account for 28.9% of total industry share by 2024. Numerous companies are focusing on expanding their market share by focusing on offshore applications. For instance, Siemens AG offers Combosep, a primary treatment system for offshore applications. This system comprises flotation units for removal of total suspended solids and oil droplets.

To request a sample copy or view summary of this report, click the link below: 
http://www.grandviewresearch.com/industry-analysis/produced-water-treatment-market

Further key findings from the report suggest:

·       Natural gas is projected to grow at a CAGR of 6.2% from 2016 to 2024. In July 2016, the government of Saudi Arabia announced Vision 2030 with an aim to increase gas production to 17.8 billion cubic feet by 2030 from 12 billion cubic feet per day in 2015. The abovementioned plan is expected to play a key role increasing the use of produced water treatment services over the projected period.

·       Primary separation technology was valued at USD 1.62 billion in 2015 and is projected to have a high market potential in hydraulic fracturing in light of increasing importance of separation equipment in hydrocyclone and corrugated plate separators.

·       Europe generated a revenue of USD 1.12 billion in 2015 and is expected to witness significant gains in light of increasing E&P spending for natural gas in the Barents Sea, (Norway) and Sakhalin fields (Russia).

·       The industry is anticipated to witness significant growth in light of significant investments by OMCs’, which will open new opportunities for growth over the forecast period. In July 2016, a research partnership between the USGS, ONGC, and the JAMSTEC announced the discovery of vast reserves of natural gas hydrates in the Indian Ocean. This trend is expected to open new industry avenues for produced water treatment services over the next eight years.

·       Key service providers operating in the market include Haliburton, GE, Siemens, Weatherford, Veolia, and Baker Hughes. The majority of service providers are located in North America and Europe in light of easy access to consumables and calibration equipment in the vicinity. Over the past few years, the companies including Weatherford and GE have been establishing strategic business units in developing countries including China and India providing the solutions to upstream oil & gas sector.  

Grand View Research has segmented the global produced water treatment market by production source, application, and region:

Production Outlook (Revenue, USD Million, 2013-2024)

·         Crude oil

·         Natural gas

Technology Outlook (Revenue, USD Million, 2013 - 2024)

·         Primary Separation

·         Secondary Separation

·         Tertiary Separation

·         Others

Application Outlook (Revenue, USD Million, 2013 - 2024)

·         Onshore

·         Offshore

Regional Outlook (Revenue, USD Million, 2013 - 2024)

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East & Africa (MEA)

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research    reports, customized research reports, and consulting services. To help clients make informed business    decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com