Press release
Industrial Garnet Market Size to Worth Around US$ 1024.4 Mn by 2031 | GMA Garnet Group, Indian Ocean Garnet Sands Company Ltd.
Industrial Garnet Market
Global Industrial Garnet market was valued at US$ 652.7 Million in 2022, exhibiting a CAGR of 5.8 % in terms of revenue, over the forecast period (2023 to 2030) to reach US$ 1024.4 Million by 2030.
Market Dynamics:
The industrial garnet market is driven by increasing demand from the abrasive industry. Garnet finds widespread application as an abrasive in sandblasting, water jet cutting, and abrasive blasting due to its hardness. It is a cost-effective alternative to silica sand for sand blasting. Furthermore, garnet produces 95% less dust as compared to silica sand which helps reduce health hazards. Stringent regulations regarding silica dust emissions are further propelling the demand for garnet. Increasing construction and automotive production is also fueling market growth as garnet is used for surface preparation, paint removal, and smoothening in these industries.
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Growth of Waterjet Cutting Technology Brings Opportunities
The rising popularity of waterjet cutting technology in various end-use industries is opening new opportunities for market players in the industrial garnet market. Waterjet cutting requires garnet as an abrasive for precise and clean cutting of different materials. With advancements in waterjet cutting machines, the applications of this technology are expanding to new industries like electronics, aerospace, automotive, and more. The demand for specialized and high-quality almandine garnet grades are increasing from waterjet users. Leading manufacturers are investing in garnet mining projects to cater to this opportunity. They are also improving garnet processing to offer narrowly sized garnet grains required for different waterjet applications. The growing preference for non-thermal cutting technologies is expected to boost garnet sales in the coming years.
Demand Shift to Specialty Garnet Products Drives Growth
While demand for industrial garnet from the abrasive industry is steady, customers are opting for higher value specialty garnet products. There is a shift in demand from commodity garnet towards value-added and engineered garnet products. Manufacturers are investing in tailor-made garnet solutions to suit specific end-use requirements. Products like micro-garnet, well-sorted garnet, and aluminum oxide-combined garnet are gaining traction. Application industries require mineral solutions that can yield consistent performance to improve productivity. Miners and processors are therefore focusing on developing specialized garnet grades with careful sorting, sizing, and blending. This emerging trend of using tailor-made specialty garnets instead of basic abrasives will prove beneficial for participants and drive continued growth in the industrial garnet market.
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Top Companies Included in This Report:
★ GMA Garnet Group
★ Indian Ocean Garnet Sands Company Ltd.
★ Trimex Sands Private Limited
★ Barton International
★ Zircon Mineral Co.
★ Mohawk Garnet Inc.
★ Opta Minerals Inc.
★ V.V. Mineral Pvt. Ltd.
★ Beach Minerals Company
★ Rizhao Garnet Ltd.
Market Segmentation:
By Product Type:
★ By Product Type : Almandine, Andradite, Grossular, Pyrope, Spessartine and Uvarovite
By Applications:
★ By Application: Water Jet Cutting, Abrasive Blasting, Water Filteration, Abrasive Powders and Others
Key Regions/Countries are Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
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The report offers insights on the following topics:
Chapter 1: Study Coverage
Chapter 2: Executive Summary
Chapter 3: Competitor Landscape of the Industrial Garnet Market by Players
Chapter 4: Market Size of the Industrial Garnet Market by Type and Application
Chapter 5: Global and Regional Analysis
Chapter 6: Company Profiles, Recent Developments, and Investments
Chapter 7: Analysis of Market Opportunities, Challenges, Risks, and Influencing Factors
Chapter 8: Analysis of Value Chain and Sales Channels, including notable product developments
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology/Research Approach
Ultimately, the Industrial Garnet Market report serves as a reliable source for acquiring market research to significantly enhance your business. It furnishes essential insights into regional economic conditions, product pricing, profitability, capacity, production, supply, demand, market growth rate, and forecasts. Additionally, the report includes a SWOT analysis, investment feasibility analysis, and return on investment analysis for new projects within the Industrial Garnet industry.
Should the aforementioned report not meet your precise requirements, we offer customized research tailored to comprehensively address your specific business needs. Our customized research will encompass all the pertinent business information necessary to assist you in making strategic and profitable business decisions.
Author Bio:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)
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