Xanthan Gum Market Size, Share, Growth and Industry Analysis, By Type (Food Grade, Pharmaceutical Grade, and Industrial Grade), By Application (Food & Beverage, Oilfield and Pharmaceutical & Cosmetics Industry), Regional Insights, and Forecast To 2032

Updated On: 08 April 2024

Xanthan Gum Market REPORT OVERVIEW

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The global xanthan gum market size was USD 629.1 million in 2022 and market is projected to touch USD 870.4 million by 2032, exhibiting a CAGR of 3.3% during the forecast period.

The xanthan gum amalgam is crucial in two sections: the making of cellophane and connected polymers from cellulose and (in mining) for wrenching out of particular ores. They are also flexible in-between inanimate unions.

Exhaustion of xanthates as a mining compound in the froth flotation procedure for the removal of weighty metals is its chief administration. Its sizable utilization in unearthing of metals such as copper, gold and other metals is forecasted to form lucrative windows for market players functioning in the xanthate market. Moreover, the exercise spectrum of xanthates in the area of agrochemicals and rubber filtering is yet to be discovered to its entire prospective. Accordingly, study and development in those sections might form broadening paths and offer a first mover’s upper hand to industrialists with product contributions for such utilizations.

COVID-19 Impact: Disruptions in Daily Functioning due to Restrictions Implemented

The COVID-19 outbreak initially began in December 2019, and since then, it has mushroomed around the globe rapidly. The COVID-19 breakout impacted economies and businesses in different countries due to lockdowns, and various other restrictions implemented around the world. The worldwide food and beverage industry was one of the main industries who underwent consequential turmoil such as supply chain crack, technology events termination, and office closures as an outcome of this outbreak.  

LATEST TRENDS

"Awareness about Green Chemistry leads to Development of Bio-Based and Liquid Xanthate "

With growing recognition about green chemistry in the mining district, its imputation on the xanthate market is famed to seed an internal disorder. The evolution of bio-based xanthates can be recognized as a technological expansion in the xanthan gum marketplace. Further, with commanding domination observing depletion of xanthate and putting forward the utilization of liquid xanthate in place of its solid equivalent, can be anticipated to mold the products' expanding design.

Xanthan Gum Market SEGMENTATION

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• By Type

Based on type, the market is distributed into Food Grade, Pharmaceutical Grade and Industrial Grade.

• By Application

Based on application, the market is divided into Food & Beverage, Oilfield and Pharmaceutical & Cosmetics Industry

DRIVING FACTORS

"Used in the Pharmaceutical and Cosmetics Industry Owing to its Thickening Agents"

xanthan gum can be utilized in the pharmaceutical and cosmetics industry to restrain thickness, clash thixotropy and performes as a thickening agent. xanthan gum promotes the flow assets of molten elements like waxes, fatty acids and oils by dominating their erosion-corrosion conduct on functioning appliances such as mixers or protrusion screws. It can be used to shape a gel composition in pharmaceutical products, mainly when solubility is a problem. In the cosmetics industry, xanthan gum is broadly utilized as a thickening agent and hanging agent for hair care implementation such as shampoos and conditioners. It also performs as an anti-caking agent and additive in cosmetic creams, emollients and liniment. 

"Utilized in Oil Fields Owing to its Various Benefits "

xanthan gum has been utilized in the oilfield for a very long time. It is for the most part employed to avert scale emergence, deterioration of metals and bacterial ballooning in oil pipelines by forcing out sulfides through shift with non-soluble sodium xanthate or calcium xanthate. Some of its main advantages are allowing grease to metal exteriors, diminishing abrasion and lengthening the life span of metal aspects in acidic surroundings.  

RESTRAINING FACTOR

"Due to the Presence of Chemicals in the Gum it can Harm Humans as well as the Environment"

Since xanthan gum used in industries is made up of chemical based ingredients. This means that it is toxic to the environment such as the xanthate used in mining operations and the waste that is let out into the water bodies can become toxic to the life present in the water. Besides the water bodies coming in direct contact with excess amounts of the xanthan gum can harm people working with it as well. It can cause infections and other skin related problems thus, people working with the gum are advised to work with it with protective gear on.  Thus, obstructing the xanthan gum market growth.

Xanthan Gum Market REGIONAL INSIGHTS

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"Asia Pacific leads in the Global Market because of the Exploration of new Mines in the Region"

Asia Pacific holds the biggest xanthan gum market share, reckoning for around half of worldwide sales. The region also considerably contributes to the global creation of xanthates. Decrease in ore grade has led to the need for discovery of recent mines with earmarked geographic augmentation by capitalists in the various countries in the region of the Asia Pacific. This in turn, develops an exceedingly conductive domain for growth of the xanthan gum market share. A compelling finding is that the purchasing inclination of end users in Asia Pacific are predisposed in approval of sodium based xanthates, because of its cheaper rates and unchallenging accessibility.   

KEY INDUSTRY PLAYERS

"Development of Bio-Xanthates & Expansion of Production helps Manufacturers Lead in the market"

The xanthate manufacturers are embarking on evolution of bio-xanthates, which are considerably less destructive and more balanced than standard xanthates. The key market players are also focused on supplying partnerships, increasing fundings, expansion of joint ventures and intending for a stronger worldwide footmark. Mushrooming of production volume is also recognized as one of the notable steps taken by businesses in order to limit the demand-supply gap in the xanthate market. 

List of Market Players Profiled

• Cargill (U.S.)
• DuPont Danisco (Denmark)
• Solvay Group (Belgium)
• Pfizer Inc (U.S.)
• Unionchem (China)
• Jungbunzlauer (Switzerland)
• CP Kelco (U.S.)
• Archer Daniels Midland (U.S.)
• Sancho & Lee Co. Ltd. (Australia)
• Kantilal Brothers (India)
• Qingdao Unichem Co Ltd. (China)
• Meihua Holdings Group Co. Ltd (China)
• Deosen Biochemical Ltd (Mongolia)
• Fufeng Group Company Ltd (China)
• Gum Technology Corporation (U.S.)
• Hebei Xinhe Biochemical Co Ltd (China)

REPORT COVERAGE

This report covers the xanthan gum market. The CAGR expected to be in during the forecast period, and also the USD values in 2022 and what it is expected to be in 2032. The effect COVID-19 had on the gum market in the beginning of the pandemic. The latest trends taking place in this industry. The factors that are driving this market as well as the factors that are restraining the growth of the xanthate industry. The segmentation of this market based on type and applications. Which region is leading in the industry and how are they doing so? And the key market players, what all is being done by them to stay ahead of their competition as well as retain their market positions. All these details are covered in the report.