Garnet Market
Garnet Market Analysis by Almandine, Andradite, Grossular, Pyrope, Spessartine, and Uvarovite for Water Jet Cutting, Abrasive Blasting, Water Filtration, Abrasive Powder, and Others from 2023 to 2033
Analysis of Garnet Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Garnet Market Overview (2023 to 2033)
According to a new study by experienced analysts at Fact.MR, the global garnet market size is estimated to be valued at US$ 688.6 Million in 2023 and is predicted to expand at a CAGR of 5.5% to reach a valuation of US$ 1.18 Billion by the end of 2033.
Garnets are extracted for dual purposes, serving as both precious gemstones and versatile materials that are widely utilized in several industries. Key application areas of garnet include water jet cutting, abrasive blasting, water filtration, and abrasive powder, to name a few.
Belonging to the silicate mineral group, garnets are renowned for their exceptional toughness, making them an excellent choice for effective abrasives in a wide range of manufacturing facilities. Garnet deposits are predominantly found in igneous, metamorphic, and sedimentary rock formations.
| Report Attributes | Details |
|---|---|
| Garnet Market Size (2022A) | US$ 652.7 Million |
| Estimated Market Value (2023E) | US$ 688.6 Million |
| Forecasted Market Value (2033F) | US$ 1.18 Billion |
| Global Market Growth Rate (2023 to 2033) | 5.5% |
| China Market Value (2023) | US$ 87 Million |
| United States Market Growth Rate (2022 to 2033) | 5.3% CAGR |
| Key Companies Profiled | GMA Garnet Group; Indian Ocean Garnet Sands Company Ltd.; Trimex Sands Private Limited; Barton International; Zircon Mineral Co.; Mohawk Garnet Inc.; Opta Minerals Inc.; V.V. Mineral Pvt. Ltd.; Beach Minerals Company; Rizhao Garnet Ltd. |
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Garnet Sales Analysis (2018 to 2022) vs. Market Projections (2023 to 2033)
As opposed to the 4.5% CAGR exhibited by the market between 2018 and 2022, worldwide demand for garnets is projected to rise faster at 5.5% CAGR from 2023 to 2033.
The primary utilization of garnets is in the realm of waterjet cutting, followed by applications in abrasive blasting, water purification, abrasive powders, and more. Their remarkable hardness and angular fracture characteristics have rendered them suitable for various industrial applications, including waterjet cutting and as a filtration medium.
While a limited number of garnets possess the flawless purity required for gemstone extraction, a majority are subjected to crushing for the production of abrasives that are used across various industries. Garnets also find application in the manufacturing of sandpaper, discs, sanding belts, and strips.
- Short Term (2023 to 2026): Growing demand for water jet cutting and abrasive blasting is driving demand for garnet abrasives. Additionally, increasing use of garnets in renewable energy technologies, such as solar panels and wind turbines, is providing growth opportunities to players.
- Medium Term (2024 to 2028): The medium-term outlook for the global garnet market is positive, as robust growth is anticipated over the next five years, primarily driven by the rising demand for garnets in emerging economies like India and China. Increasing focus on sustainability and environmental protection is driving demand for garnet-based water filtration and wastewater treatment systems.
- Long Term (2029 to 2033): The long-term outlook for the market is expected to be positive due to increasing demand for renewable energy technologies, which necessitates the use of garnets in solar panels and wind turbines, the growing use of garnets in automotive applications, such as brake pads and clutch discs. Use of garnets in medical applications, such as bone implants and dental fillings, is expected to be seen in the coming years, which is expected to drive its demand globally in the long run.
Market Dynamics Outlook
What are the Reasons Behind the Growing Demand for Garnets?
"Increasing Government Spending on Public Works and Road Maintenance Projects"
Garnets are a key ingredient in concrete polishing compounds, which are used to give concrete a smooth and polished finish. The global concrete polishing market is expected to expand at a CAGR of 5.8% in the next five years, driven by factors such as increasing urbanization, infrastructure development in emerging economies, and government spending on public works projects.
Asphalt grinding compounds, which are used to improve the smoothness and durability of asphalt surfaces, also contain garnets. The global asphalt grinding market is expected to advance at a CAGR of 4.5% from 2023 to 2028, driven by increasing traffic volumes, infrastructure development in emerging economies, and government spending on road maintenance and rehabilitation projects.
"Rising Demand for Garnet Abrasives to Enhance Speed and Accuracy of Water Jet Cutting"
Garnet abrasives are used in water jet cutting to improve the cutting speed and accuracy of the process. Water jet cutting and abrasive blasting are integral in the automotive industry for crafting lightweight and robust components like brake rotors, brake pads, and exhaust systems.
The aerospace industry employs these methods for intricate parts such as aircraft engines and fuselages, with garnet abrasives enhancing the efficiency of abrasive blasting. Additionally, water jet cutting finds applications in the medical device industry for crafting precision instruments and in the construction industry for surface preparation in projects.
What are the Hindrances Necessitating Intervention by Market Players?
“Environmental Impact of Garnet Mining Fueling Demand for Sustainable Alternatives”
Mining garnets can result in adverse environmental effects, including soil erosion, deforestation, and various forms of land degradation. Additionally, it poses a risk of water pollution due to the introduction of heavy metals and other contaminants. Furthermore, the mining process can contribute to air pollution through the release of dust and particulate matter. Moreover, the market is anticipated to experience substantial growth in the near future, driven by increasing demand from diverse manufacturing sectors.
As environmental concerns gain prominence, both governments and businesses are actively seeking ways to minimize their environmental footprint. This heightened awareness may lead to reduced demand for garnets, given their potential to disrupt ecosystems and harm wildlife. Consequently, businesses are exploring alternative materials that have a lesser impact on the environment.
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Region-wise Insights
Which Factors are Driving the Demand Growth for Garnets in North America?
“Constant Expansion and Evolution of Petroleum Industry”
In 2022, North America secured its position as the leading revenue contributor in the global market, with a substantial share of 27.5%. This dominance is anticipated to persist and even strengthen over the forecast period. This growth trajectory is primarily attributed to the extensive utilization of garnets in the petroleum industry in the United States.
The prominence of North America is a reflection of its significant consumption of garnets, particularly in the context of the United States petroleum industry. Garnets play a crucial role in various applications within the petroleum industry, including abrasive blasting, waterjet cutting, and filtration processes. Their exceptional hardness, durability, and abrasive properties make them a preferred choice for enhancing efficiency and precision in these operations.
As the petroleum industry in the United States continues to expand and evolve, demand for garnets in various critical processes is expected to surge. This heightened demand, coupled with North America's robust industrial infrastructure, positions the region for substantial growth in the global industrial market in the coming years.
Category-wise Insights
What is the Primary Application Area of Garnets?
"Extensive Use of Garnets in Water Jet Cutting"
The water jet cutting segment is expected to dominate the market from 2023 to 2033. It is expected to account for around 37% of the market by 2033-end. The global water-jet cutting market is expected to progress at a CAGR of 4.6% from 2022 to 2033. Garnet abrasives are expected to account for approximately 70% of the market for abrasives used in water jet cutting.
Water jet cutting is a non-traditional machining process that uses a high-pressure stream of water to cut through materials. It is a versatile process that can be used to cut a wide variety of materials, including metals, plastics, and composites. Use of water jet cutting is increasing in several industries, such as automotive, aerospace, and manufacturing. Due to the aforementioned factors, demand for garnets is expected to rise significantly in the coming years.
Which Product Type Accounts for Higher Sales in the Market?
“Cost-effectiveness of Almandine Contributing to Increased Sales”
Almandine has excellent abrasive properties and is relatively abundant, which makes it more cost-effective than other types of garnet. The almandine segment is projected to expand at a CAGR of 6.5% from 2023 to 2033. Almandine is the most common type of garnet, accounting for around 71% of the market.
This type is a versatile garnet that can be used in a wide range of applications, including water-jet cutting, abrasive blasting, concrete polishing, and masonry cleaning. It has good abrasive properties, making it ideal for use in water-jet cutting and abrasive blasting operations.
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Competitive Analysis
GMA Garnet Group, Indian Ocean Garnet Sands Company Ltd, Trimex Sands Private Limited, Barton International, Zircon Mineral Co, Mohawk Garnet Inc., Opta Minerals Inc, V.V. Mineral Pvt Ltd., Beach Minerals Company, and Rizhao Garnet are leading manufacturers of garnets.
Companies in the gemstone industry are investing in marketing and branding initiatives to enhance awareness regarding potential garnet uses. This effort aids in distinguishing themselves from competitors, enabling them to stand out and gain recognition among their customer base. Through the pursuit of these expansion strategies, garnet mining firms aim to foster enduring growth, establish a competitive advantage, and meet the evolving needs of the broader chemical industry community they serve.
Fact.MR has provided detailed information about the price points of key manufacturers of garnets positioned across regions, sales growth, production capacity, and speculative technological expansion, in its recently published report.
Segmentation of Garnet Market Research
-
By Product Type :
- Almandine
- Andradite
- Grossular
- Pyrope
- Spessartine
- Uvarovite
-
By Application :
- Water Jet Cutting
- Abrasive Blasting
- Water Filtration
- Abrasive Powder
- Others
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
- 1. Market - Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Global Demand (Units) Analysis and Forecast
- 5. Global Market - Pricing Analysis
- 6. Global Market Value (US$ million) Analysis and Forecast
- 7. Global Market Analysis and Forecast, By Product Type
- 7.1. Almandine
- 7.2. Andradite
- 7.3. Grossular
- 7.4. Pyrope
- 7.5. Spessartine
- 7.6. Uvarovite
- 8. Global Market Analysis and Forecast, By Application
- 8.1. Water Jet Cutting
- 8.2. Abrasive Blasting
- 8.3. Water Filtration
- 8.4. Abrasive Powders
- 8.5. Others
- 9. Global Market Analysis and Forecast, By Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Europe
- 9.4. East Asia
- 9.5. South Asia & Oceania
- 9.6. Middle East & Africa
- 10. North America Market Analysis and Forecast
- 11. Latin America Market Analysis and Forecast
- 12. Europe Market Analysis and Forecast
- 13. East Asia Market Analysis and Forecast
- 14. South Asia & Oceania Market Analysis and Forecast
- 15. Middle East & Africa Market Analysis and Forecast
- 16. Country-level Market Analysis and Forecast
- 17. Market Structure Analysis
- 18. Competition Analysis
- 18.1. GMA Group
- 18.2. Indian Ocean Sands Company Ltd.
- 18.3. Trimex Sands Private Limited
- 18.4. Barton International
- 18.5. Zircon Mineral Co.
- 18.6. Mohawk Inc.
- 18.7. Opta Minerals Inc.
- 18.8. V.V. Mineral Pvt. Ltd.
- 18.9. Beach Minerals Company
- 18.10. Rizhao Ltd
- 18.11. Other Market Players
- 19. Assumptions & Acronyms Used
- 20. Research Methodology
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List Of Table
Table 01. Global Market Value (US$ million), by Region, 2018 to 2022
Table 02. Global Market Value (US$ million) and Forecast by Region, 2023 to 2033
Table 03. Global Market Volume (Units), by Region, 2018 to 2022
Table 04. Global Market Volume (Units) and Forecast by Region, 2023 to 2033
Table 05. Global Market Value (US$ million), By Product Type, 2018 to 2022
Table 06. Global Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 07. Global Market Volume (Units), By Product Type, 2018 to 2022
Table 08. Global Market Volume (Units) and Forecast By Product Type, 2023 to 2033
Table 09. Global Market Value (US$ million), By Application, 2018 to 2022
Table 10. Global Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 11. Global Market Volume (Units), By Application, 2018 to 2022
Table 12. Global Market Volume (Units) and Forecast By Application, 2023 to 2033
Table 13. North America Market Value (US$ million), by Country, 2018 to 2022
Table 14. North America Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 15. North America Market Volume (Units), by Country, 2018 to 2022
Table 16. North America Market Volume (Units) and Forecast by Country, 2023 to 2033
Table 17. North America Market Value (US$ million), By Product Type, 2018 to 2022
Table 18. North America Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 19. North America Market Volume (Units), By Product Type, 2018 to 2022
Table 20. North America Market Volume (Units) and Forecast By Product Type, 2023 to 2033
Table 21. North America Market Value (US$ million), By Application, 2018 to 2022
Table 22. North America Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 23. North America Market Volume (Units), By Application, 2018 to 2022
Table 24. North America Market Volume (Units) and Forecast By Application, 2023 to 2033
Table 25. Latin America Market Value (US$ million), by Country, 2018 to 2022
Table 26. Latin America Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 27. Latin America Market Volume (Units), by Country, 2018 to 2022
Table 28. Latin America Market Volume (Units) and Forecast by Country, 2023 to 2033
Table 29. Latin America Market Value (US$ million), By Product Type, 2018 to 2022
Table 30. Latin America Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 31. Latin America Market Volume (Units), By Product Type, 2018 to 2022
Table 32. Latin America Market Volume (Units) and Forecast By Product Type, 2023 to 2033
Table 33. Latin America Market Value (US$ million), By Application, 2018 to 2022
Table 34. Latin America Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 35. Latin America Market Volume (Units), By Application, 2018 to 2022
Table 36. Latin America Market Volume (Units) and Forecast By Application, 2023 to 2033
Table 37. Europe Market Value (US$ million), by Country, 2018 to 2022
Table 38. Europe Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 39. Europe Market Volume (Units), by Country, 2018 to 2022
Table 40. Europe Market Volume (Units) and Forecast by Country, 2023 to 2033
Table 41. Europe Market Value (US$ million), By Product Type, 2018 to 2022
Table 42. Europe Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 43. Europe Market Volume (Units), By Product Type, 2018 to 2022
Table 44. Europe Market Volume (Units) and Forecast By Product Type, 2023 to 2033
Table 45. Europe Market Value (US$ million), By Application, 2018 to 2022
Table 46. Europe Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 47. Europe Market Volume (Units), By Application, 2018 to 2022
Table 48. Europe Market Volume (Units) and Forecast By Application, 2023 to 2033
Table 49. East Asia Market Value (US$ million), by Country, 2018 to 2022
Table 50. East Asia Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 51. East Asia Market Volume (Units), by Country, 2018 to 2022
Table 52. East Asia Market Volume (Units) and Forecast by Country, 2023 to 2033
Table 53. East Asia Market Value (US$ million), By Product Type, 2018 to 2022
Table 54. East Asia Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 55. East Asia Market Volume (Units), By Product Type, 2018 to 2022
Table 56. East Asia Market Volume (Units) and Forecast By Product Type, 2023 to 2033
Table 57. East Asia Market Value (US$ million), By Application, 2018 to 2022
Table 58. East Asia Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 59. East Asia Market Volume (Units), By Application, 2018 to 2022
Table 60. East Asia Market Volume (Units) and Forecast By Application, 2023 to 2033
Table 61. South Asia & Oceania Market Value (US$ million), by Country, 2018 to 2022
Table 62. South Asia & Oceania Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 63. South Asia & Oceania Market Volume (Units), by Country, 2018 to 2022
Table 64. South Asia & Oceania Market Volume (Units) and Forecast by Country, 2023 to 2033
Table 65. South Asia & Oceania Market Value (US$ million), By Product Type, 2018 to 2022
Table 66. South Asia & Oceania Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 67. South Asia & Oceania Market Volume (Units), By Product Type, 2018 to 2022
Table 68. South Asia & Oceania Market Volume (Units) and Forecast By Product Type, 2023 to 2033
Table 69. South Asia & Oceania Market Value (US$ million), By Application, 2018 to 2022
Table 70. South Asia & Oceania Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 71. South Asia & Oceania Market Volume (Units), By Application, 2018 to 2022
Table 72. South Asia & Oceania Market Volume (Units) and Forecast By Application, 2023 to 2033
Table 73. MEA Market Value (US$ million), by Country, 2018 to 2022
Table 74. MEA Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 75. MEA Market Volume (Units), by Country, 2018 to 2022
Table 76. MEA Market Volume (Units) and Forecast by Country, 2023 to 2033
Table 77. MEA Market Value (US$ million), By Product Type, 2018 to 2022
Table 78. MEA Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 79. MEA Market Volume (Units), By Product Type, 2018 to 2022
Table 80. MEA Market Volume (Units) and Forecast By Product Type, 2023 to 2033
Table 81. MEA Market Value (US$ million), By Application, 2018 to 2022
Table 82. MEA Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 83. MEA Market Volume (Units), By Application, 2018 to 2022
Table 84. MEA Market Volume (Units) and Forecast By Application, 2023 to 2033
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List Of Figures
Figure 01. Global Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 02. Global Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 03. Global Market Value (US$ million) and Volume (Units) by Region, 2023 & 2033
Figure 04. Global Market Y-o-Y Growth Rate by Region, 2023 to 2033
Figure 05. Global Market Value (US$ million) and Volume (Units) By Product Type, 2023 & 2033
Figure 06. Global Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 07. Global Market Value (US$ million) and Volume (Units) By Application, 2023 & 2033
Figure 08. Global Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 09. North America Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 10. North America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 11. North America Market Value (US$ million) and Volume (Units) by Country, 2023 & 2033
Figure 12. North America Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 13. North America Market Value (US$ million) and Volume (Units) By Product Type, 2023 & 2033
Figure 14. North America Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 15. North America Market Value (US$ million) and Volume (Units) By Application, 2023 & 2033
Figure 16. North America Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 17. North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 18. North America Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 19. North America Market Attractiveness Analysis By Application, 2023 to 2033
Figure 20. Latin America Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 21. Latin America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 22. Latin America Market Value (US$ million) and Volume (Units) by Country, 2023 & 2033
Figure 23. Latin America Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 24. Latin America Market Value (US$ million) and Volume (Units) By Product Type, 2023 & 2033
Figure 25. Latin America Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 26. Latin America Market Value (US$ million) and Volume (Units) By Application, 2023 & 2033
Figure 27. Latin America Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 28. Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 29. Latin America Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 30. Latin America Market Attractiveness Analysis By Application, 2023 to 2033
Figure 31. Europe Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 32. Europe Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 33. Europe Market Value (US$ million) and Volume (Units) by Country, 2023 & 2033
Figure 34. Europe Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 35. Europe Market Value (US$ million) and Volume (Units) By Product Type, 2023 & 2033
Figure 36. Europe Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 37. Europe Market Value (US$ million) and Volume (Units) By Application, 2023 & 2033
Figure 38. Europe Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 39. Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 40. Europe Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 41. Europe Market Attractiveness Analysis By Application, 2023 to 2033
Figure 42. East Asia Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 43. East Asia Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 44. East Asia Market Value (US$ million) and Volume (Units) by Country, 2023 & 2033
Figure 45. East Asia Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 46. East Asia Market Value (US$ million) and Volume (Units) By Product Type, 2023 & 2033
Figure 47. East Asia Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 48. East Asia Market Value (US$ million) and Volume (Units) By Application, 2023 & 2033
Figure 49. East Asia Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 50. East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 51. East Asia Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 52. East Asia Market Attractiveness Analysis By Application, 2023 to 2033
Figure 53. South Asia & Oceania Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 54. South Asia & Oceania Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 55. South Asia & Oceania Market Value (US$ million) and Volume (Units) by Country, 2023 & 2033
Figure 56. South Asia & Oceania Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 57. South Asia & Oceania Market Value (US$ million) and Volume (Units) By Product Type, 2023 & 2033
Figure 58. South Asia & Oceania Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 59. South Asia & Oceania Market Value (US$ million) and Volume (Units) By Application, 2023 & 2033
Figure 60. South Asia & Oceania Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 61. South Asia & Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 62. South Asia & Oceania Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 63. South Asia & Oceania Market Attractiveness Analysis By Application, 2023 to 2033
Figure 64. MEA Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 65. MEA Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 66. MEA Market Value (US$ million) and Volume (Units) by Country, 2023 & 2033
Figure 67. MEA Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 68. MEA Market Value (US$ million) and Volume (Units) By Product Type, 2023 & 2033
Figure 69. MEA Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 70. MEA Market Value (US$ million) and Volume (Units) By Application, 2023 & 2033
Figure 71. MEA Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 72. MEA Market Attractiveness Analysis by Country, 2023 to 2033
Figure 73. MEA Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 74. MEA Market Attractiveness Analysis By Application, 2023 to 2033
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- FAQs -
What was the size of the garnet market in 2022?
The global garnet market reached a value of US$ 652.7 million in 2022.
At what rate did the sales of garnets increase from 2018 to 2022?
Worldwide sales of garnets increased at 4.5% CAGR from 2018 to 2022.
What is the projected sales value of garnets for 2033?
The market for garnets is forecasted to reach a valuation of US$ 1.18 billion by 2033-end.
What is the market value of China in 2023?
The market for garnets in China is pegged at US$ 87 million in 2023.
Who are the key players operating in the market?
GMA Garnet Group, Trimex Sands, Barton International, and Zircon Mineral are leading garnet manufacturers.
Which is the top application of garnets in the consumer goods industry?
Use of garnets in water jet cutting is forecasted to rise at a CAGR of 4.6% from 2023 to 2033.
Which product type is projected to account for high demand?
Demand for almandine is projected to rise at a CAGR of 6.5% from 2023 to 2033.
Garnet Market