Industrial Garnet Market is mined as the two gemstones and as a material utilized across businesses. High hardness and rakish breaks of the garnet has made it feasible for different modern purposes, for example, waterjet rough and filtration medium. Greatest utilization of garnet is found in waterjet cutting followed by rough impacting, water filtration, grating powders, and others. Waterjet cutters that are significantly utilized in mining and assembling are driving the interest for garnet. Expanding number of organizations are supplanting silica sand with garnet sand for sand impacting. For the most part, garnet removed from hard rock is acquiring prevalence in waterjet cutting as it is more rakish in structure, consequently, give effectiveness in cutting.
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Garnet powder is also used on a large scale to polish ceramics/glass, make non-slip surfaces and non-slip paints. The increased demand for garnet is driving new companies to enter the global industrial garnet market. To meet the growing demand, companies are also focusing on lowering prices while maintaining a balance between supply and demand. The government’s push into mining in countries like Canada, India and Australia, and the ban on the use of harmful minerals such as slag and silica, are likely to fuel the growth of the global industrial garnet market.
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In terms of the product type, almandine is likely to emerge as the most used and preferred product during 2017-2024. Almandine is projected to bring in close to US$ 400 Million revenues by the end of 2024.
Based on the application, industrial garnet is anticipated to find the largest application in abrasive blasting. Towards the end of 2024, abrasive blasting is projected to surpass US$ 300 Million in terms of value. Meanwhile, industrial garnet is also likely to be used on a large scale in water jet cutting.
Key Companies in the Global Industrial Garnet Market
- Indian Ocean Garnet Sands Company Ltd.
- GMA Garnet Group
- Barton International
- Beach Minerals Company
- Zircon Mineral Co.
- Opta Minerals Inc.
- Rizhao Garnet Ltd.
- Mohawk Garnet Inc.
- and V.V. Mineral Pvt. Ltd.
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