Industrial Garnet Market Growth Accelerated by Increasing Demand from Abrasive Industry

 

Industrial garnet refers to a group of silicate minerals that are used extensively as abrasives. Due to their hardness and angular shape of crystals, garnet finds application in abrasive blasting, water jet cutting, abrasive powders, garnet paper and cloths. The global industrial garnet market is driven by the increasing demand from abrasive industry where garnet is used for sandblasting and 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 increasing demand from the abrasive industry for sandblasting and waterjet cutting applications has accelerated the growth of the industrial garnet market over the forecast period. Garnet's high hardness and angular crystalline structure makes it suitable for various abrasive applications. It is widely used as a blasting agent for cleaning rust and old paints from ships, oil rigs, and bridges. In waterjet cutting technology, finely powdered garnet is used to help direct high-pressure water streams which helps cleave various hard materials. The increasing construction and infrastructure development activities has augmented the demand for abrasive blasting and waterjet cutting, thereby driving the industrial garnet market growth over the forecast period.

Segment Analysis

The global Industrial Garnet market is dominated by the abrasive segment, which accounted for nearly 60% share of the overall market in 2024. Industrial Garnets are widely used as an abrasive material in various applications such as water jet cutting, abrasive blasting, water filtration, abrasive powders, etc. due to their hardness. The abrasive segment witnessed strong demand from waterjet cutting industry where garnet is being increasingly used as an effective and eco-friendly abrasive material for cutting hard materials like steel and aluminum.

Key Takeaways

The global Industrial Garnet market is expected to witness high growth over the forecast period of 2023 to 2030.

Regional analysis: Asia Pacific region dominated the global market with over 30% share in 2024 driven by strong presence of key players and rapid industrialization in developing countries like China and India. North America and Europe are other major markets for industrial garnets owing to high presence of pharmaceutical, waterjet cutting, and automotive 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. GMA Garnet Group and Trimex Sands Private Limited are among the top producers and suppliers of industrial garnet globally.

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