The global industrial garnet market Growth Accelerated by Rising Demand from Abrading and Waterjet Cutting Applications

 

Industrial garnet is used for various industrial applications such as abrasive blasting, waterjet cutting, abrasive powder, water filtration, and woodworking. It is highly efficient in abrasive blasting due to its hardness and angular crushed particle shape. Growing construction and automotive industries have augmented the demand for industrial garnet in abrasive blasting media. Industrial garnet provides precise contouring and cutting capabilities to waterjet cutting machines. These advantages have increased the adoption of industrial garnet in waterjet cutting applications.

The global industrial garnet market is estimated to be valued at US$ 1024.4 Mn 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 key trends: The rising demand from abrading and waterjet cutting applications has been a key growth driver of the industrial garnet market. Industrial garnets are increasingly used as abrasive materials in surface preparation techniques such as abrasive blasting and waterjet cutting due to their hardness and angular crushed particle shape which provides great precision and efficiency. The growing construction and automotive industries require precise contouring and cutting of various materials which is driving the adoption of waterjet cutting techniques. This in turn is boosting the consumption of industrial garnet as a key abrasive material in waterjet cutting applications. The capability of industrial garnet to deliver high precision cutting even on hard and brittle materials is augmenting its popularity among waterjet cutting equipment manufacturers.

Segment Analysis

The global industrial garnet market is dominated by the abrasive subsegment. Garnet is considered an ideal material for abrasive applications owing to its durability and hardness. It is widely used as an abrasive in water jets, sandpaper, blasting media, and abrasive powders. The water jet cutting sub segment holds the largest share as garnet is the preferred abrasive for precision cutting applications in engineering, fabrication, and manufacturing industries.

Key Takeaways

The global industrial garnet market is expected to witness high growth over the forecast period of 2023 to 2030. The global industrial garnet market is estimated to be valued at US$ 1024.4 Mn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030.

The Asia Pacific region currently dominates the global industrial garnet market due to high demand from countries such as India, China, and Vietnam. growing infrastructure and construction activities in these countries is driving the demand for abrasive applications of garnet.

Key players: 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.

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