Industrial Garnet Market Primed for Growth on the Back Of Increasing Demand from Abrasive Industry

Comments ยท 4 Views

The Global industrial garnet market is estimated to be valued at US$ 730.61 Mn in 2024 and is expected to exhibit a CAGR of 5.8% over the forecast period 2024 To 2031.

Industrial garnet refers to a group of silicate minerals with a garnet structure. Garnet possesses properties such as high hardness, chemical inertness, and fracture resistance which make it an ideal material for use as abrasives in a variety of applications, including water jet cutting. Industrial garnet finds widespread use as an abrasive for sandpapers, waterproof abrasives, and equipment used in woodworking shops. It aids in cleaning and smoothing surfaces efficiently during manufacturing processes. The growing construction industry has propelled the demand for polishing materials like garnet which is extensively used in the polishing of tiles, stones, concrete and metal.

The Global industrial garnet market is estimated to be valued at US$ 730.61 Mn in 2024 and is expected to exhibit a CAGR of 5.8% over the forecast period 2024 To 2031.

Key Takeaways
Key players operating in the industrial garnet 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 opportunities in the industrial garnet market include rising usage in water jet cutting applications owing to its high hardness and chemical inertness properties. 3D printing is another emerging area where garnet use is increasing due to its abrasive characteristics.

Technological advancements such as development of high purity and consistent grade industrial garnets are catering to niche applications in industries such as automotive, aerospace and electronics which require superior finishing. This is expected to support the demand for industrial garnets going forward.

Market Drivers
The major market driver for Industrial Garnet Market Growth is the automotive industry. Garnet finds extensive use as abrasives in sandpapering and polishing of automotive components to achieve smooth, durable finishes. Other industries such as shipbuilding and metal fabrication also utilize garnet-based abrasives in post-machining operations. The burgeoning manufacturing sector is therefore boosting consumption of industrial garnets globally.

Get more insights on Industrial Garnet Market

About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)

disclaimer
Read more
Comments