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 use...