Global Industrial Garnet Market Overview:
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. Some of the key players profiled in the study are 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).
On the basis of geography, the market of Industrial Garnet has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
- Growing Number Of Companies Are Replacing Silica Sand With Garnet Sand For Sand Blasting
- Rising Demand For Garnet In Shipbuilding Repairs Work
- Increase in Demand For Garnet In Petrochemical And Oil Refineries Plants
- Stringent Regulations To Ban The Use of Hazardous Minerals
- Government Initiative Towards The Mining Industry
Major Market Developments:
"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."
The Industrial garnet market is highly competitive. To increase profitability and remain competitive with imported material, production may be restricted to only high-grade garnet ores or other salable mineral products that occur with garnets, such as kyanite, marble, metallic ores, mica minerals, sillimanite, staurolite, or wollastonite
Major Objectives Focused through this Study
To define, describe, and forecast the Global Industrial Garnet market on the basis of product [Almandine, Andradite, Grossular, Pyrope, Spessartine and Uvarovite] , application [Water Jet Cutting, Abrasive Blasting, Water Filtration, Abrasive Powders and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Industrial Garnet market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Industrial Garnet industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Industrial Garnet market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.