Quick Summary:
In an era of rapidly advancing technologies and evolving industrial practices, companies need to keep abreast of the intricacies of their markets. This necessity is particularly acute in the growing global Industrial Garnets market, a competitive landscape forecasted to reach a promising value of US$1.2 Billion by 2030.
Our comprehensive market research report offers the in-depth insights crucial for decision-making and strategic planning in this dynamic market. The report provides a thorough dissection of timely trends, from the fastest growing geological market segments such as China, to projections within niche categories like Almandine. Additionally, this report offers competitive analyses of top industryleaders like BARTON International and GMA Garnet Pty Ltd. and many more. With unrivaled access to digital archives, research platforms, and complimentary updates for one year, this report is an invaluable tool for executives striving for success in the global Industrial Garnets market.
Global Industrial Garnets Market to Reach $1.2 Billion by 2030
The global market for Industrial Garnets estimated at US$759.8 Million in the year 2022, is projected to reach a revised size of US$1.2 Billion by 2030, growing at a CAGR of 5.6% over the analysis period 2022-2030. Almandine, one of the segments analyzed in the report, is projected to record 6.6% CAGR and reach US$369 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Pyrope segment is readjusted to a revised 5.6% CAGR for the next 8-year period.
The U.S. Market is Estimated at $200.4 Million, While China is Forecast to Grow at 9% CAGR
The Industrial Garnets market in the U.S. is estimated at US$200.4 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$279.2 Million by the year 2030 trailing a CAGR of 9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 4.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.Select Competitors (Total 58 Featured) -
- BARTON International
- Beach Minerals Company
- GMA Garnet Pty Ltd.
- Indian Ocean Garnet Sands Company Pvt.Ltd [IOGS]
- Opta Minerals Inc.
- Trimex Sands Pvt Ltd.
- V.V. Mineral
- Zircon Mineral Co. FZC
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Industrial Garnets?
What is the growth rate of the Global Market for Industrial Garnets?
What is the forecasted size of the Global Market for Industrial Garnets?
Who are the key companies in the Global Market for Industrial Garnets?
| Report Attribute | Details |
|---|---|
| No. of Pages | 252 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 759.8 Million |
| Forecasted Market Value ( USD | $ 1200 Million |
| Compound Annual Growth Rate | 5.9% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- BARTON International
- Beach Minerals Company
- GMA Garnet Pty Ltd.
- Indian Ocean Garnet Sands Company Pvt.Ltd [IOGS]
- Opta Minerals Inc.
- Trimex Sands Pvt Ltd.
- V.V. Mineral
- Zircon Mineral Co. FZC
