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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Industrial Garnet Market Trends
The growing implementation of sustainable practices in various end-use sectors is a key trend in industrial garnet market. Garnets are non-toxic and made of recyclable material, which makes them an optimal choice for industries looking for eco-friendly solutions.
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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