1. Demand for food grade xanthan gum
In recent years, the economic prosperity of developing countries, especially the BRIC countries and Saudi Arabia, has brought about the rapid growth of the food and beverage industry, which will become the main driving factor for the global demand for food-grade xanthan gum. In recent years, as people have begun to raise the demand for gluten-free foods, food additives such as xanthan gum will gradually be favored by more consumers. With the upgrading of the industry and people’s increasing requirements for nutrition and food safety, high-priced and high-quality food additives such as xanthan gum will usher in greater demand growth.
2. Demand for industrial grade xanthan gum
As a thickener for oil and gas production, xanthan gum has been used in recent years due to its excellent thickening properties, low friction resistance, high fracture-making efficiency, strong sand-carrying ability, low cost, convenient preparation, good flowback performance and small residue. It is gradually being used in the oil and gas exploration industry.
As the growth rate of my country’s crude oil consumption slows down, global crude oil prices have plummeted, putting forward higher requirements for the control of oil exploration costs. Guar gum, the mainstream fracturing fluid thickener in the past, is gradually being replaced by xanthan gum.
Both guar gum and xanthan gum are natural plant polysaccharides with similar properties. However, guar gum can only be planted and produced in India and Pakistan, and there is a bottleneck in capacity expansion. In the case of an increasingly imbalanced supply and demand, prices continue to rise. Xanthan gum is considered by the industry to be the most substitute for guar gum in the food and industrial fields, and it is expected to gradually seize the market share in the petroleum and food fields.
Post time: Feb-03-2023