Industry Background:
Garnet is the name used for rock-forming minerals which share a common crystal structure and generalized chemical composition. Garnet may be mined as both gemstones and as a material used across industries. High hardness and angular fractures of the garnet makes it viable for various industrial uses. The demand for industrial garnet is expected to grow in the forecasted period owing to rise in use of garnet found water jet cutting and increasing demand for garnet in petrochemical and oil refineries plants and focus on recycling garnet as well as mining of high-grade garnet ores. According to the United States Geological Survey, estimated domestic production of crude garnet concentrates increased by 5% compared with production in 2017. U.S. garnet production was estimated to be about 10% of total global garnet production. The 2018 estimated domestic sales or use of refined garnet increased by 76% compared with sales in 2017.This growth is primarily driven by Growing Number Of Companies Are Replacing Silica Sand With Garnet Sand For Sand Blasting.
Globally, a noticeable market trend is evident Rising Demand For Garnet In Shipbuilding Repairs Work
. Major Manufacturers, such as GMA Garnet Group (United States), Indian Ocean Garnet Sands Company Ltd. (India), Trimex Sands Private Limited (India), Barton International (United States), Zircon Mineral Co. (United Arab Emirates), V.V. Mineral Pvt. Ltd. (India), Beach Minerals Company (India) and Shashi Minerals (India) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
"Government initiative has been taken towards the mining industry in various countries such as Canada, India and Australia to ban on the use of harmful minerals including slag and silica is likely to fuel the growth of the global market for industrial garnet."
Market Drivers
- Growing Number Of Companies Are Replacing Silica Sand With Garnet Sand For Sand Blasting
Market Trend
- Rising Demand For Garnet In Shipbuilding Repairs Work
- Increase in Demand For Garnet In Petrochemical And Oil Refineries Plants
Restraints
- Stringent Regulations To Ban The Use of Hazardous Minerals
Opportunities
Government Initiative Towards The Mining Industry
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Industrial Garnet Study Sheds Light on
The Industrial Garnet Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Industrial Garnet industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Industrial Garnet industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.