Industrial Garnet Market

Garnets belong to the silicate mineral group and are one of the toughest minerals, which makes it ideal for use as an effective abrasive across various manufacturing facilities. Garnet is mainly found across igneous, metamorphic, and sedimentary rocks. Garnet is mostly mined for industrial applications and very few numbers of garnet are flawless and pure to be mined as a gemstone. However, most of the garnets are crushed and used to make abrasives across various industries. Garnet is also used to be garnet sandpaper, discs, sanding belts, and strips.

Market Dynamics

Garnet is considered as a suitable alternative of hazardous minerals such as silica and slags contain silica and other toxic metals are expected to propel the market growth of garnets. Garnet is a suitable alternate source of the aforementioned minerals and is also eco-friendly. Moreover, various have banned the use of silica minerals due to rising environmental concerns and need to reduce the health risk associated with the exposure. This is projected to augment the market growth of garnets.

Rising demand for industrial garnet from the automotive industry as an abrasive for manufacturing of automobile parts is anticipated to accelerate the market growth of industrial garnet. Automobile manufacturers across the developed region such as Europe and North America are rapidly adopting industrial garnet for the water jet cutting application for manufacturing of automobile parts such as chassis and gears. This is expected to fuel market growth of industrial garnet over the forecast timeframe.

Availability of various abrasive that are natural and can be used across various end-use industries is expected to restrict the market growth industrial garnet. For example, magnetite, illmenite, and certain plastics can be used as filtration media in place of Industrial Garnet. Also, staurolite and aluminum oxide can be used as sandblasting materials. Thus, the wide availability of such minerals that are best alternative of garnet is expected to restrict market growth of industrial garnet.

Key features of the study:

• This report provides in-depth analysis of the global industrial garnet market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global industrial garnet market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include 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, and Rizhao Garnet Ltd.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
• The global industrial garnet market report caters to various stakeholders in this industry including investors, suppliers, industrial garnet manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analysing the industrial garnet market

Detailed Segmentation:

• Global Industrial Garnet Market, By Product Type:
  • Almandine
  • Andradite
  • Grossular
  • Pyrope
  • Spessartine
  • Uvarovite
• Global Industrial Garnet Market, By Application:
  • Water Jet Cutting
  • Abrasive Blasting
  • Water Filtration
  • Abrasive Powders
  • Others
• Global Industrial Garnet Market, By Region:
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles
  • 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. Mineral Pvt. Ltd
  • Beach Minerals Company
  • Rizhao Garnet Ltd.