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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Industrial Garnet Market Growth
Rising Competition Among the Key Players to Bolster the Market Growth of Industrial Garnet
The makers of industrial garnet are concentrating on the production of high-grade garnet ores. This growing competition amongst the key players is also boosting the growth of the industrial garnet market. Furthermore, garnet is also seeing a rise in applications in various end-use industries. In the blast cleaning industry, silica is being replaced by garnet, which is likely to contribute to the growth of the market during the forecast period. Industrial garnet is seeing increased consumption of aluminium aircraft and the shipbuilding industry. In addition, the governments of various nations are investing in the development of water treatment plants. This increasing number of water treatment plants is expected to improve the growth of the industry.
Industrial Garnet Market Report Snapshots
Industrial Garnet Market Growth
Industrial Garnet Market Trends
Industrial Garnet Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of 7.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 552 million by 2032.
The major market drivers include rising population, growing disposable income, intense competition among the key players, and the rising use of the industrial garnet in the end use industries.
The rising investment by the governments in wastewater treatment plants and growing disposable incomes are important industrial trends aiding the growth of the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading product types of industrial garnets in the market are almandine, andradite, grossular, pyrope, spessartine, and uvarovite, among others.
The major applications in the market are water jet cutting, abrasive blasting, water filtration, and abrasive powders, among others.
The major players in the global industrial garnet market are GMA Garnet Group, Trimex Sands Private Limited, Barton International, Rizhao Garnet Ltd, Indian Ocean Garnet Sands Company Ltd., and V.V. Mineral, among others.
The market attained a value of USD 287.9 million in 2023.
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Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124