Published by Coherent Market Insights
Posted on October 8, 2021
The global industrial garnet market is projected to reach around US$ 844.0 million by the end of 2027, in terms of revenue, growing at CAGR of 5.3% during the forecast period (2020-2027).
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.
A detailed report on Global Industrial Garnet Market providing a complete information on the current market situation and offering robust insights about the potential size, volume, and dynamics of the market during the forecast period, 2021-2027.
Top Key Players in Industrial Garnet market: GMA Garnet Group,Indian Ocean Garnet Sands Company Ltd.,Trimex Sands Private Limited,Barton International,Zircon Mineral Co.,Mohawk Garnet Inc.,Opta Minerals Inc.
Regional Analysis For Industrial Garnet Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Industrial Garnet market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Market Restraints
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 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 Takeaways:
On the basis of region, North America dominated the global industrial garnet market in 2019 with a 27.5% of market share in terms of value, followed by Asia Pacific and Europe respectively.
On the basis of type, the Almandine segment dominated the global industrial garnet market in 2019 with 50.9 % of market share in terms of value, followed by Pyrope and Andradite respectively.
Market Trends
Rising use of garnet in water-filtration coupled with the increasing demand for garnet from finishing bare wood for making furniture and other wood products is expected to be a major trend in the market of industrial garnet. Growing demand for garnet from surface ships and vessel application where it is used to smoothen the surface is also expected to accelerate the market growth of industrial garnet over the forecast period.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Industrial Garnet market Size Worth US$ 844.0 million By 2027 | CAGR: 5.3% : Coherent market insights appeared first on Gatorledger.
The global industrial garnet market is projected to reach around US$ 844.0 million by the end of 2027, in terms of revenue, growing at CAGR of 5.3% during the forecast period (2020-2027).
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.
A detailed report on Global Industrial Garnet Market providing a complete information on the current market situation and offering robust insights about the potential size, volume, and dynamics of the market during the forecast period, 2021-2027.
Top Key Players in Industrial Garnet market: GMA Garnet Group,Indian Ocean Garnet Sands Company Ltd.,Trimex Sands Private Limited,Barton International,Zircon Mineral Co.,Mohawk Garnet Inc.,Opta Minerals Inc.
Regional Analysis For Industrial Garnet Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Industrial Garnet market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Market Restraints
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 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 Takeaways:
On the basis of region, North America dominated the global industrial garnet market in 2019 with a 27.5% of market share in terms of value, followed by Asia Pacific and Europe respectively.
On the basis of type, the Almandine segment dominated the global industrial garnet market in 2019 with 50.9 % of market share in terms of value, followed by Pyrope and Andradite respectively.
Market Trends
Rising use of garnet in water-filtration coupled with the increasing demand for garnet from finishing bare wood for making furniture and other wood products is expected to be a major trend in the market of industrial garnet. Growing demand for garnet from surface ships and vessel application where it is used to smoothen the surface is also expected to accelerate the market growth of industrial garnet over the forecast period.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Industrial Garnet market Size Worth US$ 844.0 million By 2027 | CAGR: 5.3% : Coherent market insights appeared first on Gatorledger.
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