Guar Gum Market

Guar Gum Market Outlook from 2024 to 2034

The global guar gum market is anticipated to reach a value of USD 1,234.6 million in 2024. The market is anticpated to advance steadily over the forecast period, with a predicted CAGR of 4.8%. By 2034, market value is expected to climb up to USD 1,963.93 million.

As per the latest analysis, the food and beverages industry will continue to remain leading consumer of guar gum during the forecast period. This is due to growing adoption of guar gum as a natural stabilizer and thickener in several food and beverage products.

Attributes	Key Insights
Estimated Global Guar Gum Market Value (2024E)	USD 1,234.6 million
Projected Revenue for Guar Gum Industry (2034F)	USD 1,963.93 million
Value-based CAGR (2024 to 2034)	4.8%
Top 3 Countries’ Value (2034)	USD 663.8 million

Guar Gum Market Overview

• Guar gum, also known as guaran, has applications in industries as diverse as food and beverage and oil and gas. This galactomannan polysaccharide has thickening and stabilizing properties, making it ideal for these sectors
• Guar gum is used in ointments, lotions, shampoos, conditioners, laxatives, diabetic drugs, beverages, pet and frozen foods, breads, cakes, emulsions, gelatin solutions, and enamels. High usage of guar gum in these products will likely foster the guar gum market growth.
• Guar gum has the functionality of serving as a binding agent, finding application in a myriad of baked, confectionery, snack, and meat food products.
• Guar gum functions as a fat replacer in low-fat formulations and helps in maintaining gelling properties in desserts and jam types of food products.
• The multifunctional properties of guar gum encourage its adoption in industries such as shale gas and oil & gas.
• The guar gum market is primarily concentrated in South Asiam with India producing the bulk of global supply. The growing oil & gas industry in China and the high demand for frozen and processed foods in North America are likely to be the prominent drivers of the global guar gum market in the medium term.

Other Factors Fueling Global Guar Gum Market Growth

• Rising demand for food-grade guar gum from the food processing industry
• Increasingly usage of guar gum as a disintegrant and binder in tablet formulations
• Growing demand for processed food
• Increasing adoption of guar gum in hydraulic fracturing
• The excellent thickening and gelling properties of guar gum are encouraging its usage in textile printing, sizing, and finishing
• Booming cosmetics and personal care industry, coupled with rising usage of guar gum as a thickening agent, stabilizer, and emulsifier in several cosmetic and personal care products
• Surging popularity of guar gum in the cosmetics and cosmeceuticals industry

Global Guar Gum Market Trends

Growing Preference for Natural Additives Emerging as a Key Market-shaping Trend

• Rising demand for natural additives like natural thickening agents in the food industry due to a global shift in consumer preferences toward plant-based ingredients
• Growing consumer preference for natural and sustainable ingredients
• Expanding usage of guar gum in a variety of industrial processes, such as mining, paper production, and textiles
• Eco-friendly and sustainable projects influencing market trends and procurement procedures
• Increasing popularity of guar gum-infused products due to eCommerce boom
• Rising adoption of guar gum in the pet food industry
• Adoption of advanced technologies for guar gum production
• Widening applications of guar gum derivates across diverse sectors

Factors Limiting Growth of Guar Gum Market

• Fluctuation in guar gum prices
• Competition from substitutes like carrageenan and xanthan gum
• Strict regulations governing food additives and guar gum processing

How Has the Market Progressed So Far?

Market Statistics	Details
2022 Outlook (P)	2.4%
2022 Outlook (A)	2.2%
Jan to Jun (H1), 2023 Projected (P)	3.9%
Jan to Jun (H1), 2023 Outlook (A)	4.0%
Jul to Dec (H2), 2023 Outlook (P)	3.8%
Jul to Dec (H2), 2023 Projected (A)	3.9%
Jan to Jun (H1), 2024 Projected (P)	4.0%

Global Guar Gum Sales Outlook Compared to Demand Forecast from 2024 to 2034

Global sales of guar gum products increased at a compound annual growth rate (CAGR) of 2.8% from 2019 to 2023. At the end of 2023, the value of the market has slingshotted to USD 1200.7 million.

Over the next ten years, the guar gum market is expected to book a CAGR of 4.8%. The value is supposed to reach USD 1,963.9 million by 2034, driven by factors like the use of the product as a natural thickener and stabilizer as well as the application of the product in oil drilling fluids, textiles, and much more.

Country-wise Insights

The guar gum market exhibits varying growth rates across different countries, with India leading from the forefront. The guar gum market in India is set to register a CAGR of 5.4% during the forecast period.

Countries	Expected Guar Gum Market CAGR (2024 to 2034)
United States	4.3%
United Kingdom	3.5%
Germany	3.7%
India	5.4%
France	4.1%

The table below shows the expected valuations of the leading nations. India and the United States are anticipated to remain leading consumers of guar gum products, with expected valuations of USD 893.5 million and USD 275.4 million, respectively, in 2034.

Countries	Projected Guar Gum Market Valuation (2034)
United States	USD 275.4 million
United Kingdom	USD 30.6 million
Germany	USD 42.6 million
China	USD 89.3 million
India	USD 893.5 million
Japan	USD 51.4 million

Versatile Applications in Diverse Industries Fueling Demand in the United States

As per the latest analysis, demand for guar gum products in the United States is projected to increase at 4.3% CAGR during the forecast period. By 2034, the United States guar gum market size is set to reach USD 275.4 million, driven by factors like:

• Increasing usage of the guar gum in different applications across industries such as food & beverage, oil & gas, and pharmaceuticals
• Rising demand for convenient and easy-to-prepared food options
• Growing interest in natural and clean-label ingredients
• Increaisng consumption of dietary supplements, including guar gum products
• High usage of guar gum extract as a binder in pharmaceutical tablets and capsule formulations

Guar gum is a vital additive in the food and beverage sector. Its thickening, stabilizing, and emulsifying properties make it indispensable in a wide range of food products, including sauces, dressings, baked goods, dairy products, and beverages.

As consumer preferences continue to shift towards natural and clean-label ingredients, guar gum's status as a plant-based, gluten-free, and versatile additive is further fueling its demand in the food industry. This will likely improve the United States’ guar gum market share.

Growing usage of guar gum in fracking and hydraulic fracturing across the oil and gas industry is expected to fuel sales. By maintaining the integrity of fractures and transporting proppants through the drilling process, guar gum is a viscosifier that increases the efficacy and efficiency of hydraulic fracturing operations.

The rising popularity of hydraulic fracturing, particularly in regions like the Permian Basin and the Eagle Ford Shale, is expected to propel growth of the guar gum market. Similarly, widening applications of guar gum in the thriving pharmaceutical sector will benefit the market.

Expanding Usage of Guar Gum in China’s Food Industry Fueling Sales

China guar gum market is poised to expand at a CAGR throughout the assessment period. By 2034, guar gum sales in China will likely total USD 89.3 million. This can be attributed to rising usage of guar gum in the thriving food and beverage industry.

• China's population is increasing rapidly, causing a significant demand for convenience foods. This is anticipated to propel sales of guar gum due to its multiple uses in the food & beverages industry.
• Guar gum is mainly used in beverages for thickening and viscosity control due to its several inherent properties. Its ability to resist breakdown under low pH conditions in different types of beverages and liquid products makes it a valuable ingredient in the food and beverage sector.
• Guar gum’s solubility in cold water makes it easy to use in beverage processing plants, fueling its demand.
• In China, guar gum serves as a suitable alternative for synthetic thickeners and stabilizers, aligning with the growing consumer preference for natural and clean-label ingredients due to its growing demand.
• Consumers in China are becoming more discerning about the ingredients in their food products. Guar gum's natural origin and clean-label status contribute to its appeal in the market.
• Guar gum's functional properties extend beyond texture enhancement. It also acts as a binder, which helps improve the shelf life and overall quality of food and beverage products.
• Guar gum’s ability to prevent ingredient segregation and maintain product stability makes it a valuable ingredient in a wide range of food applications, including bakery, confectionery, and frozen foods across China.

Booming Pharmaceutical and Textile Industries Driving Demand in Germany

Germany guar gum industry is projected to advance at 3.7% CAGR during the forecast period, totaling a valuation of USD 42.6 million by 2034. It will likely hold a prominent share of the Europe guar gum market, driven by rising usage of guar gum in the thriving pharmaceutical industry.

• Guar gum is known for its binding and thickening properties and serves as a valuable excipient in pharmaceutical formulations such as tablets, capsules, and other useful products in Germany. As the pharmaceutical sector continues to grow, driven by factors such as increasing healthcare expenditure and advancements in medical research, the demand for guar gum as a pharmaceutical ingredient is expected to rise steadily.
• Textile manufacturers in Germany are increasingly turning to guar gum as a natural alternative to synthetic thickeners and binders. This is due to its eco-friendly profile and compatibility with various textile fibers.
• Guar gum offers advantages such as improved color yield, better penetration of dyes, and enhanced print definition, making it a preferred choice for textile printing applications.
• The shift towards sustainable and eco-friendly manufacturing practices in the textile industry aligns with the natural origin and biodegradability of guar gum, further driving its adoption.
• Regulatory initiatives promoting the use of environmentally friendly additives also encourage adoption of guar gum in Germany’s textile sector.
• Another factor fueling demand for guar gum products in Germany is the rising use of guar gum in pet food formulations to enhance texture and palatability.

Category-wise Insights

The table below offers deeper insights into leading segments in the guar gum market. Based on application, the food and beverage segment is expected to lead the industry, creating lucrative revenue-generation opportunities for guar gum manufacturers. By primary function, the thickener and stabilizer segment will likely hold a dominant market share through 2034.

Top Segment	Estimated Market Share (2024)
Food Grade Guar Gum (Product Type)	49.7%
Food & Beverages (Application)	49.7%
Thickener and Stabilizer (Primary Function)	64.1%

Guar Gum Consumption Remains High in the Food & Beverages Industry

As per the latest analysis, the food and beverage industry is expected to dominate the guar gum market throughout the forecast period. This is due to rising usage of food grade guar gum as a natural thickener, emulsifier, and stabilizer in a wide variety of food products, such as yogurt, ice cream, salad dressings, and baked goods.

• Guar gum has become a highly sought-after food additive. It offers multiple functionalities that contribute to the quality, stability, and consumer acceptance of a wide range of products.
• The versatility and compatibility of guar gum with diverse formulations make it a valuable ingredient for manufacturers seeking to meet consumer preferences for texture and taste.
• Guar gum is responsible for managing thickness and stabilizing products in the food & beverages industry. It is mainly useful for controlling thickness, improving body and mouthfeel, and extending the shelf life of food and beverage products, such as canned drinks, soft drinks, buttermilk, flavoring milk, and cold drinks. Hence, its demand is rising constantly in the food and beverage sector.
• Instant soups adore guar gum because of its thickening ability. Similarly, it is utilized to improve the texture and stability of frozen foods such as stews, soups, and desserts. This will further uplift guar gum demand in the food and beverage industry.
• Guar gum powder is widely used to create viscosity, moisture retention, bonding, and fracturing in different gorgeous, tasty-looking candies and gummy bears. It is also used to glaze the candies for the ultimate presentation and to accentuate their delectable appearance.
• Growing usage of guar gum to improve the texture and mouthfeel of gluten-free products is expected to further boost the target segment through 2034.

Thickener and Stabilizer Segment to Retain its Dominance Through 2034

Based on primary function, the thickener and stabilizer segment is expected to retain its dominance in the global guar gum industry during the assessment period. It will likely hold a prominent market share of 64.1% by 2024.

• Guar gum lends viscosity to formulations such as sauces, dressings, soups, and dairy products, ensuring a smooth, creamy texture while maintaining homogeneity in emulsions and preventing phase separation.
• Guar gum’s natural, plant-based origin and tendency to control viscosity and release ingredients slowly make it an ideal ingredient in pharmaceuticals and cosmetics.

Competitive Landscape

Manufacturers are pursuing strategic alliances and strategic partnerships with other manufacturers to enhance productivity and meet the demand from diverse end-use industries. The industry is defined by a high level of capital expenditure and a complicated manufacturing process. Cost-effective manufacturing procedures can help establish global market sustainability.

Profiles of Prominent Companies in the Guar Gum Market:

Jai Bharat Gum & Chemicals Limited: It is one of the prominent exporters of guar products in India. The company provides high quality products to its customers.

It has two manufacturing facilities, including the JAI BHARAT POLYMERS LLP for manufacturing guar gum powder of food grade, oil drilling grade, and industrial grade and the JAI BHARAT GUM CHEMICALS LTD for guar dehusked splits, guar meal, and roasted guar meal.

Vikas WSP Limited: VIKAS is India’s largest exporter and world’s leading guar gum powder manufacturer. It offers tailored guar gum products for various applications, including pharmaceuticals, food, eCigratte manufacturing, oil and gas hydro fracturing, paper making, etc.

Key Players in the Guar Gum Market include

• Jai Bharat Gum & Chemicals Limited
• Cargill Inc.
• Vikas WSP
• Hindustan Gums & Chemicals LTD
• Shree Ram Gum Chemicals Pvt. Ltd.
• Lucid Colloids Limited
• Ashland Inc.
• Supreme Gums Pvt. Ltd
• India Glycols Ltd
• Rama Industries
• Lamberti Group

Key Coverage in the Guar Gum Market Report

• Guar Gum Market Scope
• Guar Gum Market Trends & Size
• Drivers for Guar Gum Powder Market Growth
• Study on Global Gum Powder Market
• Pricing Analysis of the Guar Gum Industry
• Detailed Information on Guar Gum’s Processing, Properties, and Food Applications
• Opportunities for Guar Gum Industry in India
• Growth Potential of the Saudi Arabia Guar Gum Market

Table of Content

• 1. Executive Summary
• 2. Market Overview
• 3. Market Background
• 4. Global Market- Pricing Analysis
• 5. Value Chain Analysis
• 6. Global Market Size in Value (USD million) and Volume (Unit) Analysis 2019 to 2023 and Forecast, 2024 to 2034
• 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type
  • 7.1. Food Grade
  • 7.2. Fast Hydrated Gum Oil Drilling Grade
  • 7.3. Industrial Grade
• 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-use Industry
  • 8.1. Food and Beverages
  • 8.2. Fracking
  • 8.3. Textiles
  • 8.4. Pharmaceuticals
  • 8.5. Other End-use Industries
• 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Primary Function
  • 9.1. Thickener and Stabilizer
  • 9.2. Binding Agent
  • 9.3. Other Functional Properties
• 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
  • 10.1. North America
  • 10.2. Latin America
  • 10.3. Europe
  • 10.4. East Asia
  • 10.5. South Asia
  • 10.6. Oceania
  • 10.7. Middle East & Africa
• 11. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034
• 12. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034
• 13. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034
• 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034
• 15. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034
• 16. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034
• 17. Middle East & Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034
• 18. Country-level Market Analysis, 2024
• 19. Market Structure Analysis
• 20. Competition Analysis
  • 20.1. Jai Bharat Gum & Chemicals Limited
  • 20.2. Cargill Inc.
  • 20.3. Vikas WSP
  • 20.4. Hindustan Gums & Chemicals LTD
  • 20.5. Shree Ram Gum Chemicals Pvt. Ltd.
  • 20.6. Lucid Colloids Limited
  • 20.7. Ashland Inc.
  • 20.8. Supreme Gums Pvt. Ltd
  • 20.9. India Glycols Ltd
  • 20.10. Rama Industries
  • 20.11. Lamberti Group
• 21. Assumptions and Acronyms
• 22. Research Methodology

List of Tables

Table 1: Global Market Historical Value (US$ million) Analysis and Forecast by Product Type, 2024 to 2034

Table 2: Global Market Historical Volume (MT) Analysis and Forecast by Product Type, 2024 to 2034

Table 3: Global Market Historical Value (US$ million) Analysis and Forecast by End-use Industry, 2024 to 2034

Table 4: Global Market Historical Volume (MT) Analysis and Forecast by End-use Industry, 2024 to 2034

Table 5: Global Market Historical Value (US$ million) Analysis and Forecast by Primary Function 2024 to 2034

Table 6: Global Market Historical Volume (MT) Analysis and Forecast by Primary Function 2024 to 2034

Table 7: Global Market Historical Value (US$ million) Analysis and Forecast by Region, 2024 to 2034

Table 8: Global Market Historical Volume (MT) Analysis and Forecast by Region, 2024 to 2034

Table 9: North America Market Historical Value (US$ ‘000) Analysis and Forecast by Product Type, 2024 to 2034

Table 10: North America Market Historical Volume (MT) Analysis and Forecast by Product Type, 2024 to 2034

Table 11: North America Market Historical Value (US$ ‘000) Analysis and Forecast by End-use Industry, 2024 to 2034

Table 12: North America Market Historical Volume (MT) Analysis and Forecast by End-use Industry, 2024 to 2034

Table 13: North America Market Historical Value (US$ ‘000) Analysis and Forecast by Primary Function 2024 to 2034

Table 14: North America Market Historical Volume (MT) Analysis and Forecast by Primary Function 2024 to 2034

Table 15: North America Market Historical Value (US$ '000) Analysis and Forecast by Country, 2024 to 2034

Table 16: North America Market Historical Volume (MT) Analysis and Forecast by Country, 2024 to 2034

Table 17: Latin America Market Historical Value (US$ '000) Analysis and Forecast by Product Type, 2024 to 2034

Table 18: Latin America Market Historical Volume (MT) Analysis and Forecast by Product Type, 2024 to 2034

Table 19: Latin America Market Historical Value (US$ '000) Analysis and Forecast by End-use Industry, 2024 to 2034

Table 20: Latin America Market Historical Volume (MT) Analysis and Forecast by End-use Industry, 2024 to 2034

Table 21: Latin America Market Historical Value (US$ '000) Analysis and Forecast by Primary Function 2024 to 2034

Table 22: Latin America Market Historical Volume (MT) Analysis and Forecast by Primary Function 2024 to 2034

Table 23: Latin America Market Historical Value (US$ million) Analysis and Forecast by Country, 2024 to 2034

Table 24: Latin America Market Historical Volume (MT) Analysis and Forecast by Country, 2024 to 2034

Table 25: Europe Market Historical Value (US$ million) Analysis and Forecast by Product Type, 2024 to 2034

Table 26: Europe Market Historical Volume (MT) Analysis and Forecast by Product Type, 2024 to 2034

Table 27: Europe Market Historical Value (US$ million) Analysis and Forecast by End-use Industry, 2024 to 2034

Table 28: Europe Market Historical Volume (MT) Analysis and Forecast by End-use Industry, 2024 to 2034

Table 29: Europe Market Historical Value (US$ '000) Analysis and Forecast by Primary Function 2024 to 2034

Table 30: Europe Market Historical Volume (MT) Analysis and Forecast by Primary Function 2024 to 2034

Table 31: Europe Market Historical Value (US$ ‘000) Analysis and Forecast by Country, 2024 to 2034

Table 32: Europe Market Historical Volume (MT) Analysis and Forecast by Country, 2024 to 2034

Table 33: East Asia Market Historical Value (US$ ‘000) Analysis and Forecast by Product Type, 2024 to 2034

Table 34: East Asia Market Historical Volume (MT) Analysis and Forecast by Product Type, 2024 to 2034

Table 35: East Asia Market Historical Value (US$ ‘000) Analysis and Forecast by End-use Industry, 2024 to 2034

Table 36: East Asia Market Historical Volume (MT) Analysis and Forecast by End-use Industry, 2024 to 2034

Table 37: East Asia Market Historical Value (US$ ‘000) Analysis and Forecast by Primary Function 2024 to 2034

Table 38: East Asia Market Historical Volume (MT) Analysis and Forecast by Primary Function 2024 to 2034

Table 39: East Asia Market Historical Value (US$ ‘000) Analysis and Forecast by Country, 2024 to 2034

Table 40: East Asia Market Historical Volume (MT) Analysis and Forecast by Country, 2024 to 2034

Table 41: South Asia Market Historical Value (US$ ‘000) Analysis and Forecast by Product Type, 2024 to 2034

Table 42: South Asia Market Historical Volume (MT) Analysis and Forecast by Product Type, 2024 to 2034

Table 43: South Asia Market Historical Value (US$ ‘000) Analysis and Forecast by End-use Industry, 2024 to 2034

Table 44: South Asia Market Historical Volume (MT) Analysis and Forecast by End-use Industry, 2024 to 2034

Table 45: South Asia Market Historical Value (US$ ‘000) Analysis and Forecast by Primary Function 2024 to 2034

Table 46: South Asia Market Historical Volume (MT) Analysis and Forecast by Primary Function 2024 to 2034

Table 47: South Asia Market Historical Value (US$ ‘000) Analysis and Forecast by Country, 2024 to 2034

Table 48: South Asia Market Historical Volume (MT) Analysis and Forecast by Country, 2024 to 2034

Table 49: Middle East and Africa Market Historical Value (US$ ‘000) Analysis and Forecast by Product Type, 2024 to 2034

Table 50: Middle East and Africa Market Historical Volume (MT) Analysis and Forecast by Product Type, 2024 to 2034

Table 51: Middle East and Africa Market Historical Value (US$ ‘000) Analysis and Forecast by End-use Industry, 2024 to 2034

Table 52: Middle East and Africa Market Historical Volume (MT) Analysis and Forecast by End-use Industry, 2024 to 2034

Table 53: Middle East and Africa Market Historical Value (US$ ‘000) Analysis and Forecast by Primary Function 2024 to 2034

Table 54: Middle East and Africa Market Historical Volume (MT) Analysis and Forecast by Primary Function 2024 to 2034

Table 55: Middle East and Africa Market Historical Value (US$ '000) Analysis and Forecast by Country, 2024 to 2034

Table 56: Middle East and Africa Market Historical Volume (MT) Analysis and Forecast by Country, 2024 to 2034

Table 57: Oceania Market Historical Value (US$ '000) Analysis and Forecast by Product Type, 2024 to 2034

Table 58: Oceania Market Historical Volume (MT) Analysis and Forecast by Product Type, 2024 to 2034

Table 59: Oceania Market Historical Value (US$ '000) Analysis and Forecast by End-use Industry, 2024 to 2034

Table 60: Oceania Market Historical Volume (MT) Analysis and Forecast by End-use Industry, 2024 to 2034

Table 61: Oceania Market Historical Value (US$ '000) Analysis and Forecast by Primary Function 2024 to 2034

Table 62: Oceania Market Historical Volume (MT) Analysis and Forecast by Primary Function 2024 to 2034

Table 63: Oceania Market Historical Value (US$ '000) Analysis and Forecast by Country, 2024 to 2034

Table 64: Oceania Market Historical Volume (MT) Analysis and Forecast by Country, 2024 to 2034

List of Figures

Figure 1: Global Market Value Share (%) and BPS Analysis by Product Type, 2019, 2024 to 2034

Figure 2: Global Market Volume (MT) Analysis by Product Type, 2024 to 2034

Figure 3: Global Market Incremental Value (US$ million), by Product Type, 2019 to 2034

Figure 4: Global Market Attractiveness, by Product Type, 2024 to 2034

Figure 5: Global Market Value Share (%) and BPS Analysis by End-use Industry, 2019, 2024 to 2034

Figure 6: Global Market Volume (MT) Analysis by End-use Industry, 2024 to 2034

Figure 7: Global Market Incremental Value (US$ million), by End-use Industry, 2019 to 2034

Figure 8: Global Market Attractiveness, by End-use Industry, 2024 to 2034

Figure 9: Global Market Value Share (%) and BPS Analysis by Primary Function, 2019, 2024 to 2034

Figure 10: Global Market Volume (MT) Analysis by Primary Function, 2024 to 2034

Figure 11: Global Market Incremental Value (US$ million), by Primary Function, 2019 to 2034

Figure 12: Global Market Attractiveness, by Primary Function, 2024 to 2034

Figure 13: Global Market Value Share (%) and BPS Analysis by Region, 2019, 2024 to 2034

Figure 14: Global Market Incremental Opportunity, by Region, 2024 to 2034

Figure 15: North America Market Value Share (%) and BPS Analysis by Product Type, 2019, 2024 to 2034

Figure 16: North America Market Volume (MT) Analysis by Product Type, 2024 to 2034

Figure 17: North America Market Incremental Value (US$ ‘000), by Product Type, 2019 to 2034

Figure 18: North America Market Attractiveness, by Product Type, 2024 to 2034

Figure 19: North America Market Value Share (%) and BPS Analysis by End-use Industry, 2019, 2024 to 2034

Figure 20: North America Market Volume (MT) Analysis by End-use Industry, 2024 to 2034

Figure 21: North America Market Incremental Value (US$ ‘000), by End-use Industry, 2019 to 2034

Figure 22: North America Market Attractiveness, by End-use Industry, 2024 to 2034

Figure 23: North America Market Value Share (%) and BPS Analysis by Primary Function, 2019, 2024 to 2034

Figure 24: North America Market Volume (MT) Analysis by Primary Function, 2024 to 2034

Figure 25: North America Market Incremental Value (US$ ‘000), by Primary Function, 2019 to 2034

Figure 26: North America Market Attractiveness, by Primary Function, 2024 to 2034

Figure 27: North America Market Value Share (%) and BPS Analysis by Country, 2019, 2024 to 2034

Figure 28: North America Market Incremental Opportunity, by Country, 2024 to 2034

Figure 29: Latin America Market Value Share (%) and BPS Analysis by Product Type, 2019, 2024 to 2034

Figure 30: Latin America Market Volume (MT) Analysis by Product Type, 2024 to 2034

Figure 31: Latin America Market Incremental Value (US$ ‘000), by Product Type, 2019 to 2034

Figure 32: Latin America Market Attractiveness, by Product Type, 2024 to 2034

Figure 33: Latin America Market Value Share (%) and BPS Analysis by End-use Industry, 2019, 2024 to 2034

Figure 34: Latin America Market Volume (MT) Analysis by End-use Industry, 2024 to 2034

Figure 35: Latin America Market Incremental Value (US$ ‘000), by End-use Industry, 2019 to 2034

Figure 36: Latin America Market Attractiveness, by End-use Industry, 2024 to 2034

Figure 37: Latin America Market Value Share (%) and BPS Analysis by Primary Function, 2019, 2024 to 2034

Figure 38: Latin America Market Volume (MT) Analysis by Primary Function, 2024 to 2034

Figure 39: Latin America Market Incremental Value (US$ ‘000), by Primary Function, 2019 to 2034

Figure 40: Latin America Market Attractiveness, by Primary Function, 2024 to 2034

Figure 41: Latin America Market Value Share (%) and BPS Analysis by Country, 2019, 2024 to 2034

Figure 42: Europe Market Value Share (%) and BPS Analysis by Product Type, 2019, 2024 to 2034

Figure 43: Europe Market Volume (MT) Analysis by Product Type, 2024 to 2034

Figure 44: Europe Market Incremental Value (US$ ‘000), by Product Type, 2019 to 2034

Figure 45: Europe Market Attractiveness, by Product Type, 2024 to 2034

Figure 46: Europe Market Value Share (%) and BPS Analysis by End-use Industry, 2019, 2024 to 2034

Figure 47: Europe Market Volume (MT) Analysis by End-use Industry, 2024 to 2034

Figure 48: Europe Market Incremental Value (US$ ‘000), by End-use Industry, 2019 to 2034

Figure 49: Europe Market Attractiveness, by End-use Industry, 2024 to 2034

Figure 50: Europe Market Value Share (%) and BPS Analysis by Primary Function, 2019, 2024 to 2034

Figure 51: Europe Market Volume (MT) Analysis by Primary Function, 2024 to 2034

Figure 52: Europe Market Incremental Value (US$ ‘000), by Primary Function, 2019 to 2034

Figure 53: Europe Market Attractiveness, by Primary Function, 2024 to 2034

Figure 54: Europe Market Value Share (%) and BPS Analysis by Country, 2019, 2024 to 2034

Figure 55: Europe Market Incremental D Opportunity, by Country, 2024 to 2034

Figure 56: East Asia Market Value Share (%) and BPS Analysis by Product Type, 2019, 2024 to 2034

Figure 57: East Asia Market Volume (MT) Analysis by Product Type, 2024 to 2034

Figure 58: East Asia Market Incremental Value (US$ ‘000), by Product Type, 2019 to 2034

Figure 59: East Asia Market Attractiveness, by Product Type, 2024 to 2034

Figure 60: East Asia Market Value Share (%) and BPS Analysis by End-use Industry, 2019, 2024 to 2034

Figure 61: East Asia Market Volume (MT) Analysis by End-use Industry, 2024 to 2034

Figure 62: East Asia Market Incremental Value (US$ ‘000), by End-use Industry, 2019 to 2034

Figure 63: East Asia Market Attractiveness, by End-use Industry, 2024 to 2034

Figure 64: East Asia Market Value Share (%) and BPS Analysis by Primary Function, 2019, 2024 to 2034

Figure 65: East Asia Market Volume (MT) Analysis by Primary Function, 2024 to 2034

Figure 66: East Asia Market Incremental Value (US$ ‘000), by Primary Function, 2019 to 2034

Figure 67: East Asia Market Attractiveness, by Primary Function, 2024 to 2034

Figure 68: East Asia Market Value Share (%) and BPS Analysis by Country, 2019, 2024 to 2034

Figure 69: East Asia Market Incremental Opportunity, by Country, 2024 to 2034

Figure 70: South Asia Market Value Share (%) and BPS Analysis by Product Type, 2019, 2024 to 2034

Figure 71: South Asia Market Volume (MT) Analysis by Product Type, 2024 to 2034

Figure 72: South Asia Market Incremental Value (US$ ‘000), by Product Type, 2019 to 2034

Figure 73: South Asia Market Attractiveness, by Product Type, 2024 to 2034

Figure 74: South Asia Market Value Share (%) and BPS Analysis by End-use Industry, 2019, 2024 to 2034

Figure 75: South Asia Market Volume (MT) Analysis by End-use Industry, 2024 to 2034

Figure 76: South Asia Market Incremental Value (US$ ‘000), by End-use Industry, 2019 to 2034

Figure 77: South Asia Market Attractiveness, by End-use Industry, 2024 to 2034

Figure 78: South Asia Market Value Share (%) and BPS Analysis by Primary Function, 2019, 2024 to 2034

Figure 79: South Asia Market Volume (MT) Analysis by Primary Function, 2024 to 2034

Figure 80: South Asia Market Incremental Value (US$ ‘000), by Primary Function, 2019 to 2034

Figure 81: South Asia Market Attractiveness, by Primary Function, 2024 to 2034

Figure 82: South Asia Market Value Share (%) and BPS Analysis by Country, 2019, 2024 to 2034

Figure 83: South Asia Market Incremental Opportunity, by Country, 2024 to 2034

Figure 84: Middle East & Africa Market Value Share (%) and BPS Analysis by Product Type, 2019, 2024 to 2034

Figure 85: Middle East & Africa Market Volume (MT) Analysis by Product Type, 2024 to 2034

Figure 86: Middle East & Africa Market Incremental Value (US$ ‘000), by Product Type, 2019 to 2034

Figure 87: Middle East & Africa Market Attractiveness, by Product Type, 2024 to 2034

Figure 88: Middle East & Africa Market Value Share (%) and BPS Analysis by End-use Industry, 2019, 2024 to 2034

Figure 89: Middle East & Africa Market Volume (MT) Analysis by End-use Industry, 2024 to 2034

Figure 90: Middle East & Africa Market Incremental Value (US$ ‘000), by End-use Industry, 2019 to 2034

Figure 91: Middle East & Africa Market Attractiveness, by End-use Industry, 2024 to 2034

Figure 92: Middle East & Africa Market Value Share (%) and BPS Analysis by Primary Function, 2019, 2024 to 2034

Figure 93: Middle East & Africa Market Volume (MT) Analysis by Primary Function, 2024 to 2034

Figure 94: Middle East & Africa Market Incremental Value (US$ ‘000), by Primary Function, 2019 to 2034

Figure 95: Middle East & Africa Market Attractiveness, by Primary Function, 2024 to 2034

Figure 96: Middle East & Africa Market Value Share (%) and BPS Analysis by Country, 2019, 2024 to 2034

Figure 97: Middle East & Africa Market Incremental Opportunity, by Country, 2024 to 2034

Figure 98: Oceania Market Value Share (%) and BPS Analysis by Product Type, 2019, 2024 to 2034

Figure 99: Oceania Market Volume (MT) Analysis by Product Type, 2024 to 2034

Figure 100: Oceania Market Incremental Value (US$ ‘000), by Product Type, 2019 to 2034

Figure 101: Oceania Market Attractiveness, by Product Type, 2024 to 2034

Figure 102: Oceania Market Value Share (%) and BPS Analysis by End-use Industry, 2019, 2024 to 2034

Figure 103: Oceania Market Volume (MT) Analysis by End-use Industry, 2024 to 2034

Figure 104: Oceania Market Incremental Value (US$ ‘000), by End-use Industry, 2019 to 2034

Figure 105: Oceania Market Attractiveness, by End-use Industry, 2024 to 2034

Figure 106: Oceania Market Value Share (%) and BPS Analysis by Primary Function, 2019, 2024 to 2034

Figure 107: Oceania Market Volume (MT) Analysis by Primary Function, 2024 to 2034

Figure 108: Oceania Market Incremental Value (US$ ‘000), by Primary Function, 2019 to 2034

Figure 109: Oceania Market Attractiveness, by Primary Function, 2024 to 2034

Figure 110: Oceania Market Value Share (%) and BPS Analysis by Country, 2019, 2024 to 2034

Figure 111: Oceania Market Incremental D Opportunity, by Country, 2024 to 2034