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
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 252 |
Published | April 2024 |
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 |