Gum Fiber Market size to worth over $2.5 Bn by 2032

Gum Fiber Market size is expected to reach USD 2.5 billion by 2032, according to a new research report by Global Market Insights Inc.
 

The study cites that the accelerating pace of industrialization in the Asia Pacific region, backed by rapid urbanization and flourishing global trade, will redefine market dynamics during 2023-2032.
 

Asia Pacific economies, such as Australia, Indonesia, India, Japan, and China, have recorded a massive surge in mining activities in recent years. As proof, based on the latest estimations by the Indian Brand Equity Foundation (IBEF), the number of reporting mines in India stood at 1,425 as of FY22, with 525 reporting mines for metallic minerals and 720 for non-metallic minerals. Likewise, the Directorate General of Commercial Intelligence & Statistics suggests that iron ore exports in India exceeded US$ 2.23 billion in FY22 (until August 2021), documenting an uptick of 21.8% YoY.
 

These optimistic scenarios, coupled with the widespread utilization of gum fibers as flocculants to produce solid-liquid separation and treat water in mineral extraction and floatation processes, will propel lucrative gains to the gum fiber market. This aside, the extensive usage of gum fiber in the drug manufacturing industry to increase viscosity owing to its superior binding capabilities and high hydration rate that makes it suitable for several therapeutic formulations will boost the market demand. However, the lack of proper R&D facilities focused on the guar industry in major producing countries such as India and Pakistan may act as a growth restraining factor during the estimated timeframe.
 

Gum Arabic sales to inflate due to its exceptional antioxidant properties

Regarding the product, the gum fiber market from gum arabic segment is slated to  cross USD 600 million by 2032. Gum Arabic or Acacia gum fiber exhibits potent antioxidant properties. Several studies claim it to be an effective antioxidant in animal models of urinary bladder cytotoxicity, chronic renal failure, and cardiotoxicity. A noticeable surge in cancer cases and skin issues, owing to stressful lifestyles and busy work schedules, will foster product utilization in pharmaceuticals and cosmetics, further augmenting the industry demand.
 

Browse key industry insights spread across 245 pages with 371 market data tables and 38 figures & charts from the report, “Gum Fiber Market Size By Product (Gum Arabic, Guar Gum, Locust Bean Gum, Others), By Application (Food [Frozen Foods, Confectionary, Beverages, Dairy], Oil & Gas, Mining & Construction, Textile, Pharmaceutical, Personal Care & Cosmetics), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/gum-fiber-market
 

Superior thickening and binding properties to drive gum fiber demand in the textile industry

With respect to application, the gum fiber market from the textile segment is poised to exceed USD 170 million by 2032. Guar gum and guar gum derivates are used in a range of textile applications, such as a printing thickener and as a binder in the sizing of yarns, particularly for denim sizing. Moreover, its extensive usage as a potential substitute for acrylic polymers due to it being banned in several countries, given its carcinogenic properties.
 

Positive outlook of the oil & gas sector to foster appreciable gains in the gum fiber industry across North America

North America gum fiber market will record 6.5% CAGR and surpass USD 680 million by 2032. The flourishing oil & gas industry and the widespread utilization of gum fibers in a range of end-use applications, including mud formulations, polymer flooding, enhanced oil recovery, and well-treatment, etc., owing to their stabilizing and thickening properties, will stimulate regional industry outlook. Besides, its growing usage as a surfactant and a viscosifier to maintain the viscosity of drilling mud will further influence the market expansion across North America.
 

Novel innovations to define the strategic outlook

Major players involved in the gum fiber market include Neelkanth Polymers, Nutriroma, Cargill, Inc., DuPont de Nemours, Inc, Ingredion Incorporated,  Shree Ram Industries, Dabur India Ltd., VIKAS WSP LIMITED, Supreme Gums Private Limited, Lucid Colloids Ltd., ABDULLABHAI ABDUL KADER (VATVA GIDC), BASF SE, Arshland, AEP Colliods, and Nexira, Inc.
 

Companies in this business have been focusing on expanding their existing product line through new product developments to strengthen their position in the market. For instance, in January 2023, Alland & Robert introduced Syndeo® Gelling, a texturing agent formulated with plant-based ingredients to replace those of animal origin, such as gelatin. The product is made of gum arabic, whose integrated properties deliver a compromise between pectin and gelatin and 100% plant-based hydrocolloids.