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Global Industrial Garnet Market Report and Forecast 2023-2028

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    Report

  • 190 Pages
  • September 2023
  • Region: Global
  • Expert Market Research
  • ID: 5656230
According to the report the global industrial garnet market is projected to grow at a CAGR of 7.5% between 2023 and 2028. Aided by the burgeoning demand for abrasive materials in various sectors and the diverse applications of industrial garnet across a wide array of industries, the market is expected to grow significantly by 2028.

Industrial garnet, a naturally inert mineral, is renowned for its hardness and durability, making it an ideal choice for abrasive blasting, waterjet cutting, and water filtration. Apart from its excellent hardness, industrial garnet also possesses chemical stability and uniform physical properties, rendering it a preferred choice in diverse industrial applications such as aerospace, petrochemicals, and construction.

The escalating demand for abrasive materials is a key driver propelling the global industrial garnet market growth. As industries worldwide strive for precision and quality in their products, the adoption of industrial garnet for abrasive applications has seen a significant uptick. The mineral's hardness, combined with its ability to cut steel and other hard materials efficiently, has led to a surge in its use in abrasive blasting and waterjet cutting.

The expansion of the industrial garnet's application scope across various sectors also contributes significantly to the industrial garnet market expansion. In the construction sector, for instance, garnet is used as an abrasive blasting medium and a concrete additive, enhancing the durability of the concrete. Similarly, in the aerospace industry, garnet is used for waterjet cutting of aircraft parts, while in the petrochemical industry, it is employed for filtration purposes, due to its superior filtering capabilities.

Moreover, the drive for sustainability and eco-friendly practices has led to an increased interest in industrial garnet, aiding the industrial garnet market growth. Unlike silica sand, which poses health risks due to the inhalation of silica dust, industrial garnet is a safe and environmentally friendly alternative for abrasive blasting.

Further bolstering the industrial garnet market growth is the mineral's potential in water treatment. Garnet's high specific gravity and its inert nature make it an efficient filtration medium, finding use in municipal and industrial wastewater treatment. As the need for clean water continues to grow globally, driven by increasing urbanisation and industrialisation, the demand for garnet in water filtration is expected to see a corresponding increase.

Market Segmentation

The market can be divided based on product type, application, and region.

Market Breakup by Product Type

  • Almandine
  • Andradite
  • Grossular
  • Pyrope
  • Spessartine
  • Uvarovite
  • Others

Market Breakup by Application

  • Water Jet Cutting
  • Abrasive Blasting
  • Water Filtration
  • Abrasive Powders
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global industrial garnet companies. Some of the major key players explored in the report are as follows:
  • GMA Garnet Group
  • Trimex Sands Private Limited
  • Barton International
  • Rizhao Garnet Ltd
  • Indian Ocean Garnet Sands Company Ltd.
  • V.V. Mineral
  • Others
About the Publisher
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*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Frequently Asked Questions about the Global Industrial Garnet Market

What is the estimated value of the Global Industrial Garnet Market?

The Global Industrial Garnet Market was estimated to be valued at $384.5 Million in 2023.

What is the growth rate of the Global Industrial Garnet Market?

The growth rate of the Global Industrial Garnet Market is 7.5%, with an estimated value of $552 Million by 2028.

What is the forecasted size of the Global Industrial Garnet Market?

The Global Industrial Garnet Market is estimated to be worth $552 Million by 2028.

Who are the key companies in the Global Industrial Garnet Market?

Key companies in the Global Industrial Garnet Market include GMA Garnet Group, Trimex Sands Private Limited, Barton International, Rizhao Garnet Ltd, Indian Ocean Garnet Sands Company Ltd. and V.V. Mineral.

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Industrial Garnet Market Analysis
8.1 Key Industry Highlights
8.2 Global Industrial Garnet Historical Market (2018-2022)
8.3 Global Industrial Garnet Market Forecast (2023-2028)
8.4 Global Industrial Garnet Market by Product Type
8.4.1 Almandine
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Andradite
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Grossular
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Pyrope
8.4.4.1 Historical Trend (2018-2022)
8.4.4.2 Forecast Trend (2023-2028)
8.4.5 Spessartine
8.4.5.1 Historical Trend (2018-2022)
8.4.5.2 Forecast Trend (2023-2028)
8.4.6 Uvarovite
8.4.6.1 Historical Trend (2018-2022)
8.4.6.2 Forecast Trend (2023-2028)
8.4.7 Others
8.5 Global Industrial Garnet Market by Application
8.5.1 Water Jet Cutting
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Abrasive Blasting
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Water Filtration
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Abrasive Powders
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Industrial Garnet Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
9 North America Industrial Garnet Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Industrial Garnet Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Industrial Garnet Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Industrial Garnet Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Industrial Garnet Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 GMA Garnet Group
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Trimex Sands Private Limited
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Barton International
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Rizhao Garnet Ltd
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Indian Ocean Garnet Sands Company Ltd.
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 V.V. Mineral
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Others
18 Key Trends and Developments in the Market

Companies Mentioned

  • GMA Garnet Group
  • Trimex Sands Private Limited
  • Barton International
  • Rizhao Garnet Ltd
  • Indian Ocean Garnet Sands Company Ltd.
  • V.V. Mineral

Methodology

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