Market Size of Welan Gum Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.50 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Welan Gum Market Analysis
The market for welan gum is expected to expand at a CAGR of over 4.5% during the forecast period. The major factors driving the growth of the market studied are increasing commercial applications in cement systems and growing demand for welan gum in enhanced oil recovery (EOR). On the flip side, increased usage of inexpensive alternatives of welan gum isgoing to act as a hindrance to the growth of the market studied.
- Potential growth of microbial exopolysaccharides in various applications is likely to act as an opportunity in the future.
- North America dominated the global welan gum market across the globe with the largest consumption from the United States.
Welan Gum Industry Segmentation
The welan gum market report include:
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| Food and Beverage | |
| Construction | |
| Oil and Gas | |
| Cosmetics and Personal Care | |
| Other End-user Industries |
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Welan Gum Market Size Summary
The welan gum market is poised for significant growth, driven by its increasing applications in cement systems and enhanced oil recovery processes. Despite the challenge posed by the availability of cheaper alternatives, the market is expected to benefit from the potential expansion of microbial exopolysaccharides across various applications. North America leads the global market, with the United States being the largest consumer, followed by a strong presence in the Asia-Pacific region. The unique properties of welan gum, such as its ability to improve workability and maintain performance at elevated temperatures, make it a preferred choice in self-compacting concrete, particularly in regions experiencing infrastructure development.
The demand for welan gum is further bolstered by the growth in the construction sector, especially in the United States, where both residential and commercial building activities are on the rise. The food and beverage industry, along with the burgeoning e-commerce sector, also presents new opportunities for welan gum utilization. The market is characterized by fragmentation, particularly in the Asia-Pacific region, with key players like DSM NV, CP Kelco US, and others capitalizing on the easy availability of raw materials and low capital expenditure requirements. This competitive landscape is expected to drive innovation and expansion in the welan gum market over the forecast period.
Welan Gum Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Commercial Applications in Cement System
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1.1.2 Growing Demand for Welan Gum in Enhanced Oil Recovery
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1.2 Restraints
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1.2.1 Increased usage of Inexpensive Alternatives to Welan Gum
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1.2.2 Impact of COVID-19 Pandemic on Global Economy
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1.3 Industry Value-Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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1.5 Technological Snapshot
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1.6 Feedstock Analysis
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2. MARKET SEGMENTATION
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2.1 End-user Industry
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2.1.1 Food and Beverage
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2.1.2 Construction
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2.1.3 Oil and Gas
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2.1.4 Cosmetics and Personal Care
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2.1.5 Other End-user Industries
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2.2 Geography
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2.2.1 Asia-Pacific
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2.2.1.1 China
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2.2.1.2 India
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2.2.1.3 Japan
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2.2.1.4 South Korea
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2.2.1.5 Rest of Asia-Pacific
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2.2.2 North America
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2.2.2.1 United States
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2.2.2.2 Canada
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2.2.2.3 Mexico
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2.2.3 Europe
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2.2.3.1 Germany
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2.2.3.2 United Kingdom
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2.2.3.3 France
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2.2.3.4 Italy
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2.2.3.5 Rest of Europe
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2.2.4 South America
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2.2.4.1 Brazil
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2.2.4.2 Argentina
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2.2.4.3 Rest of South America
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2.2.5 Middle-East and Africa
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2.2.5.1 Saudi Arabia
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2.2.5.2 United Arab Emirates
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2.2.5.3 Rest of Middle-East and Africa
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Welan Gum Market Size FAQs
What is the current Welan Gum Market size?
The Welan Gum Market is projected to register a CAGR of greater than 4.5% during the forecast period (2024-2029)
Who are the key players in Welan Gum Market?
DSM, CP Kelco U.S.,, Sidere Technology Inc, Sancai Industry Co. Ltd and Hebei Ebio Biotechnology Co. Ltd are the major companies operating in the Welan Gum Market.
