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Welan Gum Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

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  • 120 Pages
  • April 2021
  • Region: Global
  • Mordor Intelligence
  • ID: 4896086
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 is going 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.

Key Market Trends

Construction Segment to Dominate the Market
  • Welan gum is used in cement and concrete. When used as the water retention agent, it does not require the application of dispersants like other additives need. It is widely used in self‐compacting concrete, owing to its excellent rheological properties.
  • Welan gum can improve the workability, plasticity, air content, sag resistance, suspension amount, and ability of anti-subsidence, as well as flow characteristics and anti-dehydration of cement.
  • Such characteristics of improvements remain unaffected with an increase in temperature. These improvements can be retained at elevated temperatures even higher than 93°C. Compared with other additives, welan gum with lower concentration can achieve a very good effect.
  • Countries, such as India, China, Indonesia, Vietnam, and Malaysia, are receiving significant investments, both from public and private sources, which are increasing the development of the infrastructure sector and opening up newer avenues for welan gum demand.
  • Such positive factors are likely to increase the demand for welan gum over the forecast period.

North America Region to Dominate the Market
  • North America dominated the global welan gum market, with almost 30% of the global share, followed by Asia-Pacific with more than 25% share. The United States was the market leader, followed by China.
  • The growth in the US residential sector is slower than the growth in the non-residential sector. The growing population is expected to boost the demand for housing in the country. Furthermore, about 20 million households are projected to be constructed over the next decade. The US commercial construction sector is expected to witness a higher growth rate in the next few years.
  • This growth in the construction sector in the country is likely to fuel the welan gum market growth.
  • The food and beverage industry is an essential part of the US economy. E-commerce and delivery are also growing in popularity. With such high internet penetration and increasing demand for convenience, consumers are increasingly ordering groceries and other food products online.
  • The aforementioned factors are likely to open up newer avenues for the welan gum demand in the country in specific and region in general.

Competitive Landscape

The global welan gum market is fragmented. The Asia-Pacific market is highly fragmented, with players majorly concentrated in China. The major factor being easy availability of glucose source, and low CAPEX requirements. The major companies include DSM NV, CP Kelco US, Sidere Technology Inc., Sancai Industry Co. Ltd., and Hebei Ebio Biotechnology Co. Ltd., among others.

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Table of Contents

1.1 Study Assumptions
1.2 Scope of the Study
4.1 Drivers
4.1.1 Increasing Commercial Applications in Cement System
4.1.2 Growing Demand for Welan Gum in Enhanced Oil Recovery
4.2 Restraints
4.2.1 Increased usage of Inexpensive Alternatives to Welan Gum
4.2.2 Impact of COVID-19 Pandemic on Global Economy
4.3 Industry Value-Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Technological Snapshot
4.6 Feedstock Analysis
5.1 End-user Industry
5.1.1 Food and Beverage
5.1.2 Construction
5.1.3 Oil and Gas
5.1.4 Cosmetics and Personal Care
5.1.5 Other End-user Industries
5.2 Geography
5.2.1 Asia-Pacific China India Japan South Korea Rest of Asia-Pacific
5.2.2 North America United States Canada Mexico
5.2.3 Europe Germany United Kingdom France Italy Rest of Europe
5.2.4 South America Brazil Argentina Rest of South America
5.2.5 Middle-East and Africa Saudi Arabia United Arab Emirates Rest of Middle-East and Africa
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Hebei Xinhe Biochemical Co. Ltd
6.4.2 Sidere Technology, Inc.
6.4.4 CP Kelco U.S.
6.4.5 Shangai Changhua New Energy & Technology Co. Ltd
6.4.6 Hebei Ebio Biotechnology Co. Ltd
6.4.7 DSM N.V.
6.4.8 Qingdao Oceanview Chemical Inc
6.4.9 Sancai Industry Co. Ltd
6.4.10 Xi'an Sonwu Biotech Co. Ltd
6.4.11 Jinan Boss Chemical Industry Co. Ltd
7.1 Potential Growth of Microbial Exopolysaccharides in Various Applications

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Hebei Xinhe Biochemical Co. Ltd
  • Sidere Technology, Inc.
  • CP Kelco U.S.
  • Shangai Changhua New Energy & Technology Co. Ltd
  • Hebei Ebio Biotechnology Co. Ltd
  • DSM N.V.
  • Qingdao Oceanview Chemical Inc
  • Sancai Industry Co. Ltd
  • Xi'an Sonwu Biotech Co. Ltd
  • Jinan Boss Chemical Industry Co. Ltd