INDUSTRIAL GARNET MARKET ANALYSIS

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INDUSTRIAL GARNET MARKET ANALYSIS

• Industrial Garnet Market, By Product Type
  (Almandine, Andradite, Grossular, Pyrope,
  Spessartine, Uvarovite), By Application (Water
  Jet Cutting, Abrasive Blasting, Water Filtration,
  Abrasive Powders, Others), and By Region (North
  America, Latin America, Europe, Asia Pacific,
  Middle East Africa) - Size, Share, Outlook, and
  Opportunity Analysis, 2020 2027

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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.The
global industrial garnet market is projected to
reach around US 557.3 million by the end
of 2027, in terms of revenue, growing at CAGR of
5.3 during the forecast period (2020-2027).

• Drivers
• Rising demand for garnet from various
  manufacturing industries due to its excellent
  properties hardness, inertness, and resistance to
  degradation is expected to propel the market
  growth of garnets. These properties of garnets
  provide superior performance compared to other
  minerals. Because of its high-performance
  properties which makes it ideal abrasive and
  filtration raw material. This is expected to
  augment the market growth of industrial garnet.
• Garnet is considered as a suitable alternative of
  hazardous minerals such as silica and slags
  contain silica and other toxic metals are
  expected to propel the market growth of garnets.
  Garnet is a suitable alternate source of the
  aforementioned minerals and is also eco-friendly.
  Moreover, various have banned the use of silica
  minerals due to rising environmental concerns and
  need to reduce the health risk associated with
  the exposure. This is projected to augment the
  market growth of garnets.

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Figure 1. Global Industrial Garnet Market Share
() in terms of Value, By Region, in 2019
North America region dominated the global
industrial garnet market in 2019, accounting
for 27.5 share in terms of value, followed by
Asia Pacific and Europe, respectively.
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Market Restraints

• Environmental issues associated with the mining
  of gemstones such as land degradation,
  contamination of water, and effects on
  biodiversity and wild is expected to hamper the
  market growth of industrial garnet.
• Dispose of chemicals used in garnet manufacturing
  such as the polishing and cutting process is
  another major factor expected to hinder the
  market growth of industrial garnet.

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Market Opportunities

• The growing use of industrial garnet as a
  proppant across few industries such as petroleum
  because it increased performance, reduce chemical
  leaching, and negative impact on the environment
  is expected to provide enormous growth
  opportunities to the market. Moreover, rising
  adoption of garnet across Oil gas drilling
  industry as an oil gas reservoir fracturing
  proppant is further expected to foster the market
  growth of the industrial garnet.
• Increasing focus of manufacturers on the
  recycling of used garnet by introducing new
  equipment and technology in order to reduce the
  volume of garnet disposal is expected to augment
  the market growth. The recycled garnet can retain
  good quality and can be resold for various
  industrial applications. This is expected to
  accelerate the market growth of industrial
  garnet.

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Figure 2. Global Industrial Garnet Market
Opportunity Analysis 
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Market Trends

• Increasing focus of the government to increase
  the mining of garnet is expected to augment the
  market growth of industrial garnet over the
  forecast period. Various countries of government
  are encouraging manufacturers to increase the
  mining of garnets in order to meet the rising
  demand around the globe. Thus, increasing such
  initiatives from the government in order to
  increase the mining of garnet will favor the
  market growth of industrial garnet.
• Rising trend of mining high-grade garnet ores
  across countries such as China, India, and
  Australia which have abundant resources of garnet
  and also offer garnet products. The various
  manufacturer is highly focussing on mining of
  high-grade garnet along with the other marble,
  kyanite, and mica minerals that occur with the
  garnet are expected to augment the market growth
  of garnet over the forecast period.

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Figure 3. Global Industrial Garnet Market Share
() in terms of Value, By Application, in 2019
On the basis of application in 2019, the abrasive
blasting segment has accounted the largest market
share of 52.1 in terms of value, followed by
water jet cutting and water filtration
respectively
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Competitive Section Company Names  GMA Garnet
Group Indian Ocean Garnet Sands Company
Ltd. Trimex Sands Private Limited Barton
International Zircon Mineral Co. Mohawk Garnet
Inc. Opta Minerals Inc. V.V. Mineral Pvt.
Ltd. Beach Minerals Company Rizhao Garnet Ltd.  
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