by Industrial garnet possesses important properties including hardness, chemical inertness and thermal resistance which makes it suitable for various industrial applications such as water jet cutting, abrasive blasting, water filtration, abrasive powders, and ceramic and glass production amongst others. It is used in abrasive blasting to clean surfaces like ship hulls, bridge decks and concrete floors as the sharp edges of garnet crystals make an effective substitute for sand blasting. For water jet cutting, garnet is used as an abrasive in high-pressure water streams to cut hard materials such as granite, marble and concrete. Garnet is also extensively used in water filtration applications due to its chemical inertness and hardness.
The global industrial garnet market is estimated to be valued at US$ 1024.4 million in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The increasing demand from abrasive applications is expected to drive the global industrial garnet market over the forecast period. Garnet possesses hardness and density higher than other abrasives and hence finds extensive applications in cutting, grinding, water jet cutting, water filtration and abrasive blasting. Garnet provides an economical substitute to other abrasives in such applications. For instance, abrasive water jet cutting uses garnet as an effective abrasive material which helps in cutting exceptionally hard materials like ceramics and concretes. The growing construction and shipbuilding industries have increased the demand for surface treatment processes like abrasive blasting which in turn is propelling the industrial garnet market growth. Furthermore, growing demand for water jet cutting from stone processing industries to shape marble, granite and other natural stones is expected to significantly contribute to the market growth over the forecast period.
Segment Analysis
The global industrial garnet market is segmented into type and application. Based on type, almandine garnet dominates the market. Almandine garnet leads the market as it exhibits properties like high hardness, chemical inertness and resistance to abrasion which makes it suitable for use in various industrial applications such as abrasive blasting, water jet cutting and water filtration.
PEST Analysis
- Political: No major political factors impact the industrial garnet market.
- Economic: Growth of end-use industries such as automotive, aerospace, and petrochemical is driving the industrial garnet market.
- Social: Rising awareness about benefits of industrial garnet in sand blasting and water jet cutting is fueling the market growth.
- Technological: Advances in material processing technologies are augmenting the application scope of industrial garnet.
Key Takeaways
The global industrial garnet market is expected to witness high growth over the forecast period. The global industrial garnet market is estimated to be valued at US$ 1024.4 million in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030.
The North America region dominates the market due to presence of large manufacturers along with robust growth of end-use industries.
Key players operating in the industrial garnet market are 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, and Rizhao Garnet Ltd. The key players focus on new product launches and strategic partnerships to strengthen their market position.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
