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Industrial Garnet Market Size - By Type (Almandine, Andradite, Grossular, Pyrope, Spessartine, Uvarovite), By Applications (Abrasive Blasting, Water Jet Cutting, Filtration, Abrasive Powders) & Forecast, 2023 – 2032

  • Report ID: GMI7574
  • Published Date: Dec 2023
  • Report Format: PDF

Industrial Garnet Market Size

Industrial Garnet market was valued at USD 687.6 million in 2022 and is set to observe around 5.5% CAGR between 2023 and 2032. Industries such as metalworking, shipbuilding, and stone cutting rely on industrial garnet for abrasive blasting processes, where its sharp edges effectively remove surface coatings and prepare materials for finishing. The growth in infrastructure development and manufacturing activities globally further fuels the demand for industrial garnet in applications like water jet cutting, where its ability to cut through a variety of materials with precision is highly valued.
 

Industrial Garnet market

A potential pitfall for the industrial garnet market is the risk of supply chain disruptions, which could arise from factors such as geopolitical tensions, natural disasters, or unforeseen events affecting mining operations. Disruptions in the supply chain could lead to fluctuations in availability and pricing, impacting the stability and growth of the market.
 

COVID-19 Impact

The restrictions on movement and lockdown measures implemented in various regions led to a decline in demand from key end-use industries such as construction and manufacturing. The temporary closures of mines and processing facilities, coupled with logistical challenges, affected the production and distribution of industrial garnet. However, as economic activities gradually resumed and industries adapted to the new normal, there has been a recovery in demand for industrial garnet, driven by ongoing infrastructure projects, the resurgence of manufacturing activities, and the continued adoption of waterjet cutting technologies.
 

Industrial Garnet Market Trends

Increasing demand for abrasive materials in surface preparation and waterjet cutting applications is driving the market's growth, with a particular emphasis on sustainable and efficient solutions. Technological advancements in waterjet cutting technology are contributing to the expanded use of industrial garnet in precision cutting across various industries. Additionally, the market is experiencing a surge in demand for garnet in water filtration systems, driven by a growing awareness of environmental concerns and the need for effective water treatment. The industry is also responding to evolving customer preferences by introducing innovative products and exploring sustainable mining and processing practices.
 

Industrial Garnet Market Analysis

Global Industrial Garnet Market Size, By Type, 2021 - 2032 (USD Million)

Based on type, the almandine segment valuation crossed USD 462.9 million in 2023. Known for its deep red to brownish-red coloration, almandine possesses the ideal physical properties that make it highly effective in abrasive applications, particularly in industries such as metalworking, shipbuilding, and surface preparation. Its hardness ensures efficient abrasive action, making it a preferred choice for tasks requiring precision and durability. Almandine's wide availability and cost-effectiveness further contribute to its popularity in the market, as it meets the stringent requirements of various applications while offering a reliable and economically viable solution for abrasive processes.
 

Global Industrial Garnet Market Revenue Share (%), By Application, (2022)

Based on application, the abrasive blasting segment held a dominant market share of around 39% in 2023 and is expected to grow at a lucrative pace by 2032, Industrial garnet, especially almandine, is widely preferred for abrasive blasting processes in industries such as metalworking and shipbuilding. Its hardness ensures effective removal of surface coatings, rust, and contaminants, providing a thorough and efficient surface preparation method. The durability and recyclability of industrial garnet contribute to its cost-effectiveness in abrasive blasting applications, making it a preferred choice for achieving desired surface finishes and cleaning.
 

North America Industrial Garnet Market Size, 2020- 2032 (USD Million)

North America dominated the industrial garnet market with USD 253.5 million revenue in 2023. The region's expanding construction and manufacturing industries, particularly in the United States and Canada, are driving significant demand for abrasive materials like industrial garnet, especially in surface preparation applications. Moreover, the adoption of advanced technologies, such as waterjet cutting, is on the rise in North America, further propelling the demand for industrial garnet.
 

Industrial Garnet market Share 

Some of the major market players operating in the industrial garnet industry are:

  • GMA Garnet
  • Indian Ocean Garnet Sands
  • Barton International
  • Opta Minerals
  • V.V. Mineral
  • Almandine Garnet Processing
  • Guangxi Hengxin Garnet
     

These players focus on strategic partnerships, new Type launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative Types and garner maximum revenue in the market.
 

GMA Garnet, Indian Ocean Garnet Sands, Barton International, Opta Minerals, and V.V. Mineral are among the top players in the industrial garnet market, collectively holding a significant share of the global market. GMA Garnet, a leading global provider of industrial garnet abrasive, boasts a substantial market presence, particularly in the waterjet cutting and abrasive blasting industries. Indian Ocean Garnet Sands, a renowned producer of high-quality industrial garnets, caters to a diverse range of applications, including abrasive blasting, water jet cutting, and filtration. Barton International, stands out for its expertise in mining and processing almandine garnet, a crucial type of industrial garnet. Opta Minerals, a leading supplier of industrial minerals, has established a strong foothold in the garnet market, offering a variety of grades and sizes to meet specific customer requirements.
 

Industrial Garnet Industry News

In October 2023 GMA Garnet, a leading global provider of industrial garnet abrasive, has announced plans to expand its production capacity by 20% to meet the growing demand for its products. The company will invest in new mining and processing facilities in Australia.
 

This industrial garnet market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Units in Tons from 2018 to 2032, for the following segments:

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Market, By Type

  • Almandine
  • Andradite
  • Grossular
  • Pyrope
  • Spessartine
  • Uvarovite

Market, By Application

  • Water jet cutting
  • Filtration
  • Abrasive powders
  • Others

The above Information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Indonesia
    • Malaysia 
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Egypt

 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of industrial garnet was worth USD 687.6 million in 2022 and is estimated to reach USD 1.10 billion by 2032, attributed to the growth in infrastructure development and manufacturing activities globally.

Abrasive blasting segment held a dominant market share of around 39% in 2023 and is expected to grow at a lucrative pace by 2032, due to the durability and recyclability of industrial garnet.

North America industrial garnet market valuation crossed USD 253.5 million in 2023 and is anticipated to expand at a significant pace over 2023 to 2032, owing to the region's expanding construction and manufacturing industries.

GMA Garnet, Indian Ocean Garnet Sands, Barton International, Opta Minerals, V.V. Mineral, Almandine Garnet Processing, and Guangxi Hengxin Garnet.

Industrial Garnet Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 136
  • Countries covered: 21
  • Pages: 200
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