MRRSE has added a new research report on the "Global Market Study on Industrial Garnet: Increasing Government Initiatives in Mining Activities Likely to Fuel Market Growth" to its collection.

1. Industrial Garnet Market Detailed Analysis and Forecast by
2024
Report Description
The global industrial garnet market was valued at US$ 475.7
Mn in 2016 and is estimated to be valued at US$ 721.8 Mn
by the end of 2024, expanding at a CAGR of 5.4% during

2. this period.Garnet has several remarkable properties such as
inertness, hardness, and resistance to degradation that make
it commercially viable. As compared to other minerals, garnet
offers superior performance and as a result, the mineral finds
wide application as an abrasive and filtration raw material
among others, which is a major factor driving the growth of
the global industrial garnet market.
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Market dynamics

3. Some of the key factors expected to boost the growth of the
global industrial garnet market over the forecast period
include a substantial investment in the defense sector and
growth of other industries, superior properties of garnet as
compared to other minerals, increasing government initiatives
in mining activities, and stringent regulations to ban the use
of hazardous minerals such as silica and slag. However, easy
availability of low cost substitutes such as fused aluminum
oxide, staurolite, illmenite, and quartz sand is a major
restraint impacting the growth of the global industrial garnet
market over the forecast period.
The global industrial garnet market is likely to witness
notable trends during the forecast period. Some of the key

4. trends anticipated to impact the market in the next eight
years are – a rising demand for the use of garnet abrasive in
the manufacturing of automobile parts, increasing demand for
garnet in shipbuilding repairs work, growing demand for
garnet in petrochemical and oil refineries plants, and a
steady focus on recycling garnet as well as mining of high-
grade garnet ores. The industrial garnet market provides a
huge market opportunity as it can be used as a proppant in
certain industries such as petroleum owing to its functions of
improving performance and minimizing chemical leaching and
environmental impact. The oil and gas drilling industry has
shown greater adoptability of garnet as an oil and gas
reservoir fracturing proppant.

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Market segmentation
The global industrial garnet market has been segmented on
the basis of product type into Almandine, Andradite,
Grossular, Pyrope, Spessartine, and Uvarovite; and on the
basis of application into Water Jet Cutting, Abrasive Blasting,
Water Filtration, Abrasive Powders, and Others. Among all
product type segments in the global industrial garnet market,
the Almandine segment is expected to witness a
comparatively faster growth rate during the forecast period
(2016–2024).

6. Market forecast by segmentation
In terms of revenue, the Almandine product type segment is
likely to dominate the market with 50.2% share by the end
of 2016 and is expected to remain dominant till the end of
the forecast period with a market share of 52.6%. The
Andradite product type segment is estimated to be valued at
US$ 52.4 Mn by 2024, expanding at a CAGR of 4.6% during
the forecast period.
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7. The Water Jet Cutting application segment is estimated to be
valued at US$ 241.8 Mn by 2024, expanding at a CAGR of
6.8% during the forecast period. The Abrasive Blasting
application segment is expected to be valued at US$ 317.3
Mn by 2024, expanding at a CAGR of 5.6% during the
forecast period.
Key regions
The global industrial garnet market has been segmented on
the basis of region into North America, Latin America,
Europe, Asia Pacific, and Middle East & Africa. The North
America industrial garnet market is estimated to be valued at

8. US$ 204.2 Mn by 2024, expanding at a CAGR of 6.4% during
the forecast period.
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