{"id":1353,"date":"2018-07-14T00:31:59","date_gmt":"2018-07-14T06:01:59","guid":{"rendered":"https:\/\/www.altrafine.com\/blog\/?p=1353"},"modified":"2018-07-14T00:34:59","modified_gmt":"2018-07-14T06:04:59","slug":"guar-gum-demand-boosted-with-inflating-crude-oil-prices","status":"publish","type":"post","link":"https:\/\/www.altrafine.com\/blog\/guar-gum-demand-boosted-with-inflating-crude-oil-prices\/","title":{"rendered":"Boost in Demand of Guar Gum with Inflating Crude Oil Prices"},"content":{"rendered":"

The Shale Oil companies in United States have given rise to oil production six times in past few years. It has increased demand of Guar Gum substantially.<\/p>\n

Moreover, the advancements in drilling technology have shifted preference to eco-friendly and natural substitute from synthetic which has also raised the demand of guar gum.<\/p>\n

Guar Gum in Oil Derivation<\/strong><\/p>\n

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  1. Guar Gum<\/a><\/span> is procured from the guar seed. The guar plant is mostly grown in India, in the states of Gujarat and Rajasthan.<\/li>\n
  2. It is a non-ionic hydrocolloid. It has excellent thickening property which is considered as useful attribute in oil extraction process.<\/li>\n
  3. Hydraulic Fracturing, a method for extracting shale oil that involves pumping pressurized liquid into the ground. It requires water-soluble gelling agent such as guar gum to control viscosity levels and to efficiently deliver proppant into the formation.<\/li>\n<\/ol>\n

    \"Guar<\/a><\/p>\n

     <\/p>\n<\/div>\n

    How has inflated price of crude oil boosted demand for guar gum?<\/strong><\/p>\n

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    1. Crude oil plays a vital role in every growing industry, be it Plastic, Clothing, Insulation, and most importantly in Automotive.<\/li>\n
    2. Crude oil is even used in growing the crops, as the synthetic fertilizers are made up of inorganic compounds which are usually derived from by-products of the petroleum industry. Thus, due to its versatile applications, its prices and demand are always inflating globally. It promotes the producers to carry out oil derivation processing.<\/li>\n
    3. The major oil producing countries are Saudi Arabia, United States, Russia, Canada, etc. These countries require guar gum on large scale for oil production; hence they are major importers of the same.<\/li>\n
    4. Furthermore, US Government is also promoting oil rig industry. As a consequence, the oil rigs have been doubled in North America which has induced the demand of guar gum. A rise in crude prices has also stoked its demand.<\/li>\n<\/ol>\n