About Industrial Garnet
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. Check more insightful analysis on "
target="_blank">The United States is the world's largest consumer of industrial garnet, accounting for almost 40% of estimated global consumption.".
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
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 wollastoniteThe Manufacturers having a strong hold in the market are Trimex Sands Private Limited, V.V. Mineral Pvt. Ltd., GMA Garnet Group. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Industrial Garnet market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Industrial Garnet market by Type (Almandine, Andradite, Grossular, Pyrope, Spessartine and Uvarovite), Application (Water Jet Cutting, Abrasive Blasting, Water Filtration, Abrasive Powders and Others) and Region.
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).
Influencing Trend:
Rising Demand For Garnet In Shipbuilding Repairs Work and Increase in Demand For Garnet In Petrochemical And Oil Refineries Plants
Market Growth Drivers:
Growing Number Of Companies Are Replacing Silica Sand With Garnet Sand For Sand Blasting
Restraints:
Stringent Regulations To Ban The Use of Hazardous Minerals
Opportunities:
Government Initiative Towards The Mining Industry
Market Leaders and their expansionary development strategies
In May 2022, 51job, Inc. a prominent company specializing in comprehensive human resource services in China, merged with Garnet Faith Limited. Garnet Faith Limited is a registered exempted company with limited liability established under the legal framework of the Cayman Islands. Following the completion of the Merger, 51job, Inc. has transitioned into a privately held company, leading to the delisting of its ADSs from the NASDAQ Global Select Market.
In April 2023, Grubbs, Hoskyn, Barton & Wyatt, a geotechnical engineering and materials testing firm based in Little Rock, AR, has been acquired by UES, a prominent national engineering and consulting company. By this acquisition UES look forward to growing their services in the southern portion of the Midwest Region.
Key Target Audience
Manufacturers Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.