Global Industrial Garnet Market: Overview

The global industrial garnet market is growing at a stellar pace, majorly due to advancements in sandblasting procedures across the manufacturing sector. The widescale application of industrial garnet has played an integral role in creating a boatload of possibilities within the global market. Moreover, increased demand for gemstones has also paved way for increase use of garnet. The industrial sector is characterised by rapid demand for several important materials and chemicals. Garnet is one such material type that needs to be used across a variety of industrial processes. Furthermore, the use of garnet corresponds to a particular stage within the process of manufacturing, majorly in industries such as automotive, aerospace, and electronics.

Transparency Market Research (TMR) added to its repository a syndicate report on the global industrial garnet market. The global industrial garnet market can be segmented on the basis of product type, application, and geography. Based on application, the use of industrial garnet in water jet cutting and filtration has garnered momentum in recent times. Besides, abrasive blasting is another key end-use of industrial garnet.

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Global Industrial Garnet Market: Notable Developments

The presence of a seamless industry for finetuning the surface of industrially-manufactured goods has paved way for key market developments.

  • A recent research conducted by scholars from Boston College finds key evidence related to the historic presence of garnet in rock samples found on a Greek Island. The researchers studied large garnet crystals to understand the development of garnet over millions of years. The new research is expected to generate interest amongst industrial users of garnet. Furthermore, discovery of a new site for procuring garnet shall aid the growth of the global market.
  • Beach Minerals Company, Opta Minerals Inc., and Zircon Mineral Co. are amongst the leading suppliers of industrial garnet. The companies have made sound contributions to the growth of the global industrial garnet market. These vendors are projected to engage in core research to find new and more productive areas with garnet deposits.

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Few of the other notable players operating in the global industrial garnet market are:

  • Rizhao Garnet Ltd
  • Mohawk Garnet Inc.
  • V.V. Mineral Pvt. Ltd.
  • Barton International
  • GMA Garnet Group

Global Industrial Garnet Market: Growth Drivers

Advancements in Automobile Manufacturing

Finishing of automotive parts can be initiated with the help of industrial garnet. Furthermore, the surface of ships and vessels is also smoothened using garnet. Therefore, the total demand for industrial garnet is slated to increase as the aforementioned sectors attract key investments from multiple entities. Use of industrial garnet in water-filtration is also a key standpoint from the perspective of quantifying market growth. The abrasive properties of industrial garnet have been the most distinct driver of demand across the market. Finishing of bare wood to make furniture is also associated with the use of industrial garnet.

Australia and India Emerge as Key Suppliers

The abundant availability of garnet across the coasts of Australia and India has generated humongous demand within the global industrial garnet market. India is characterised by the presence of a large industrial sector, spanning into multiple areas of specialization. Ready availability of industrial garnet in the region has fortified the existing industries in India. Besides, Australia and India possess robust export capabilities that help these regions in supplying garnet to other industrially significant regions. Owing to the factors stated above, the global industrial garnet market is set to attract voluminous revenues in the following years.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis. 

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Industrial Garnet Market

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