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The United States to be a Major Regional Market for the Industrial Garnet Industry
Garnet imports from India and China are rapidly growing, and both countries have a large share in the United States export market. In the meantime, the highest consumption of garnet can be witnessed in the United States petroleum industry, which boosts the industrial garnet market revenue.
Silica is being replaced by garnet, specifically in the blast cleaning industry. Industrial garnet is also witnessing increased demand from the aluminium aircraft and shipbuilding industries for metal surface finishing and blast cleaning. With the growing number of water treatment plants worldwide, the demand for garnets used in the water filtration industry is also rising. With technological advancements, many small and large players are concentrating on providing better quality and reliability to garnet for specific applications.
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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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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