The forecast period is expected to witness a steady growth in revenue for the global garnet market. The primary driving factors behind this growth include the hardness and weather resistance of garnet, making it suitable for various applications such as skid-resistant road gravel, coatings, and concrete fillers used in harsh conditions.
Garnet is a naturally occurring element with a reddish/pink color that can range from opaque to clear or translucent. It can be found as individual crystals, pebbles, or clumps of inter-grown crystals, and is composed of subangular particles extracted from alluvial deposits. While commonly reddish in color, garnets can also appear in shades of orange, yellow, green, purple, brown, blue, black, pink, or colorless. Some gemstones may exhibit inclusions that create a star-shaped reflection pattern or appear to change color under different lighting conditions. These minerals are found in metamorphic, igneous, and sedimentary rocks worldwide. The majority of surface garnet deposits are formed when sedimentary rocks with high aluminum concentrations undergo significant heat and pressure. Almandine garnets are the most prevalent and widely used gemstones, sought after for jewelry, ornaments, and abrasives.
Garnets possess a range of industrial applications due to their higher specific gravity, angular fractures, low toxicity, chemical inertness, and crucially, their recyclability. Their exceptional hardness, ranking from 7.8 to 8.0 on the Mohs scale, contributes to their versatility in industrial applications such as blast cleaning, polishing, water filtration, and water jet cutting. Waterjet cutters utilize a high-pressure stream of water mixed with garnet and other abrasive grains to remove surfaces from materials like steel, ceramic, or stone with minimal dust. Garnets are also gradually replacing silica in abrasives due to the health hazards associated with silica exposure for workers.
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Major Companies in the Market Include:
Advantages of the Garnet Market:
Overall, the advantages of the garnet market lie in its hardness, weather resistance, versatile applications, recyclability, chemical inertness, low toxicity, quality performance, and widespread availability. These factors make garnet a valuable material for diverse industries and contribute to its growing market demand.
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The global garnet market has been segmented as follows:
Type Outlook (Revenue, USD Billion; 2019-2030)
Application/End-use Outlook (Revenue, USD Billion; 2019-2030)
Regional Outlook (Revenue, USD Billion; 2019-2030)
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