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By 2034, it is projected that the industrial garnet market share would have expanded at a 5.4% CAGR and be worth US$ 1,189.7 million. 

The Garnet Market has shown significant growth in 2024, worldwide with a prediction to reach a value of US$ 703.1 million. For the years 2024-2034, the market’s compound annual growth rate is estimated to be at 5.4% (CAGR) which means by 2034, the estimated valuation will be US$ 1,189.7 million.  

Industries that include waterjet cutting, abrasive blasting, water filtration, and abrasive powder are generating more and more demand. Industrial garnet is a highly adaptable abrasive material that is used extensively in many different industries because of its exceptional hardness, chemical inertness, and low friability. 

Growing Demand in Waterjet Cutting: Industrial garnet has emerged as the preferred abrasive material for waterjet cutting due to the increase in precision cutting applications. Industrial garnet is in high demand due to the growing metal fabrication and automotive industries. These two sectors are also important contributors to the rising demand for waterjet cutting equipment. 

Abrasive blasting is a critical process used in the shipbuilding, construction, and infrastructure development industries for surface preparation and cleaning. Because of its remarkable hardness and minimal dusting characteristics, industrial garnet is a highly sought-after abrasive material in the abrasive blasting industry. 

Water filtration requires more effort. As environmental concerns increase, the focus of efficient water filtration systems has increased in various industries. The high density, hardness and chemical inertness of industrial garnet make it an excellent filter for water and wastewater treatment, which is increasing in demand. 

The increasing demand for high-quality abrasive powders, driven by the burgeoning electronics, optics, and semiconductor industries, is expanding the scope of industrial garnet utilisation. This mineral is widely employed in manufacturing abrasive powders for various applications including polishing, lapping, and grinding. As a result, the industrial garnet market is experiencing significant growth. 

Despite its exceptional qualities, industrial garnet encounters formidable competition from synthetic abrasives like aluminium oxide and silicon carbide. Manufacturers of synthetic abrasives frequently provide competitive pricing and unwavering quality, presenting a hurdle to the expansion of the industrial garnet market. 

Environmental regulations concerning the extraction and processing of industrial garnet, especially in environmentally fragile regions, may present obstacles to market expansion. Stringent environmental criteria might result in heightened operational expenses for garnet mining enterprises, potentially influencing market dynamics. 

The market for industrial garnet is expanding rapidly in East Asia and North America. Due to the robust demand from the oil and gas sectors, it is anticipated that the market share in North America would increase to 28.4%. East Asia's increasing industrialisation, the development of its infrastructure, and its emphasis on sustainable manufacturing techniques—particularly in water jet cutting applications—were expected to contribute to the region's projected 21.3% market share in 2024. Due to its reduced impact and recyclable nature, it is more ecologically friendly than synthetic alternatives. 

By Dini Domini K

CEO