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Xanthan Gum Market to Register Substantial Expansion by 2027<br>
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©2019 Transparency Market Research, All Rights Reserved Xanthan Gum Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2027 ©2019 Transparency Market Research, All Rights Reserved
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©2019 Transparency Market Research, All Rights Reserved Key Drivers of Xanthan Gum Market • According to the annual statistics of OPEC, 1,214.21 billion barrels of proven crude oil reserves are currently available on a global scale. Of these, more than 82% reserves are under the control of OPEC, with the bulk of OPEC oil reserves in the Middle Eastamountingto 65.36%of the OPEC total. • Xanthan gum is a high-efficiency, high-quality, and eco-friendly oil drilling mud additive. It is extremely resistant to high temperatures (≥94°C), acids, alkalis, and salts. • Therefore, increase in the demand for crude oil across the world is propelling the demandfor xanthangum. View Report Download Brochure ©2019 Transparency Market Research, All Rights Reserved
©2019 Transparency Market Research, All Rights Reserved Asia Pacific Dominates Xanthan Gum Market • Asia Pacific is expected to be a highly attractive region of the xanthangum market duringthe forecast period. • Rapid growth in the population in Asia Pacific is anticipated to significantly contribute to the global food & beverages industry, thereby propelling the global xanthan gum market. Xanthan gum lendstexture to food andbeverages. • The Middle East & Africa contributes the most in terms of refining capacityadditions. • These new refineries are offering lucrative opportunities to the xanthan gum market. Xanthan gum is widely employed as an additivein oilfielddrillingapplications.
©2019 Transparency Market Research, All Rights Reserved Food & Beverages Application Holds Major Share of Xanthan Gum Market • The food & beverages segment accounted for a key share of the global xanthan gum market in 2018. Xanthangum costs less than guar gum, gum Arabic, and other hydrocolloids. • Furthermore, xanthan gum is non-toxic and remains stable at high temperatures and across a wide pH range. It is primarily employed in bakery and dairy products, sauces,and dressings. • The oil & gas segment is likely to create opportunities for the xanthan gum market. Xanthan gum is used in the hydraulic fracking process in oil & gas drilling. It helps gel up fracking water,makingit thicker. ©2019 Transparency Market Research, All Rights Reserved
©2019 Transparency Market Research, All Rights Reserved Leading Players Actively Engage in Joint Ventures and R&D Activities The global xanthan gum market was consolidated in 2018, with the top five manufacturers - Fufeng Group Company Limited • CP Kelco • Deosen • JUNGBUNZLAUER SUISSE AG • Dainsco ©2019 Transparency Market Research, All Rights Reserved
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