- Andradite
- Pyrope
- Almandine
- Uvarovite
- Grossular
- Spessartine
Garnet Market size was valued at USD 832.8 million in 2022 and is anticipated to grow at a CAGR of 7.2% over 2023-2029. Garnets are a group of silicate minerals that have been used since the Bronze Age as gemstones and abrasives. This comes in a variety of colors, including red, green, orange, blue, and brown. It is commonly used in a range of industrial applications owing to its unique and versatile properties. The industrial abrasives sector plays a pivotal role in driving the growth of the garnet market. Garnet's exceptional hardness and abrasive properties make it a preferred choice for a wide range of industrial applications. It is extensively used in abrasive blasting, abrasive waterjet cutting, and abrasive grinding processes across industries such as metalworking, construction, shipbuilding, and surface preparation. As industrial operations demand reliable and effective abrasives for tasks like surface cleaning, paint removal, and material cutting, garnet abrasives are valued for their ability to achieve these objectives while minimizing damage to underlying surfaces efficiently and precisely.
Moreover, the gemstone and jewelry industry play a crucial role in driving the revenues of the garnet market. Certain varieties of garnets, including almandine, pyrope, spessartine, and tsavorite, are highly sought after for their vibrant colors, durability, and versatility in jewelry design. These gem-quality garnets are used in a wide range of jewelry pieces, including rings, earrings, necklaces, bracelets, and more. The gemstone and jewelry sector's demand for garnets, especially in the fashion and luxury jewelry markets, fuels the production and distribution of these gemstones. However, the rise in inflation, labor costs, and use of replacements are anticipated to hamper the growth of the market. Meanwhile, rising industries including petrochemicals, construction, aerospace, water treatment, and manufacturing sectors create potential opportunities for the growth of the garnet market. Key market players are developing innovative products to further contribute to the growth of the garnet market.
In August 2022, GMA Garnet released a new garnet abrasive, GMA ToughBlast to effectively cut through coatings and efficiently clean surfaces.
Study Period
Base Year
CAGR
Largest Market
Fastest Growing Market
Garnet is widely used in all types of jewellery and has various applications in industry and garnet sand is used as a substitute for silica and sandblasting. Moreover, rising investments from the defense sector coupled with strict rules and regulations for not using hazardous minerals such as slag and silica are the major factors driving the growth of the market. Moreover, rising demand for garnets from oil refinery plant & petrochemical, and increasing demand for use of garnet in the production of parts of automobiles. However, Rise in inflation, labor costs and use of replacements are anticipated to hamper the growth of the market.
The garnet market size was valued at USD 832.8 million in 2022
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
The garnet market key players are GMA Garnet, Trimex Sands, Dev International, Rizhao Garnet, V. Mineral, Indian Rare Earths Limited
1.Executive Summary |
2.Global Garnet Market Introduction |
2.1.Global Garnet Market - Taxonomy |
2.2.Global Garnet Market - Definitions |
2.2.1.Type |
2.2.2.Application |
2.2.3.Region |
3.Global Garnet Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4.Global Garnet Market Analysis, 2018-2022 and Forecast 2023-2029 |
4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5.Global Garnet Market By Type, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
5.1. Andradite |
5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Pyrope |
5.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Almandine |
5.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Uvarovite |
5.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
5.5. Grossular |
5.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.5.3. Market Opportunity Analysis |
5.6. Spessartine |
5.6.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.6.3. Market Opportunity Analysis |
6.Global Garnet Market By Application , 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
6.1. Abrasive blasting |
6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Abrasive powder |
6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Water jet cutting |
6.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Water filtration |
6.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. Jewellery |
6.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
7.Global Garnet Market By Region, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
7.1. North America |
7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Europe |
7.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Asia Pacific (APAC) |
7.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Middle East and Africa (MEA) |
7.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Latin America |
7.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
8.North America Garnet Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
8.1. Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
8.1.1.Andradite |
8.1.2.Pyrope |
8.1.3.Almandine |
8.1.4.Uvarovite |
8.1.5.Grossular |
8.1.6.Spessartine |
8.2. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
8.2.1.Abrasive blasting |
8.2.2.Abrasive powder |
8.2.3.Water jet cutting |
8.2.4.Water filtration |
8.2.5.Jewellery |
8.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
8.3.1.United States of America (USA) |
8.3.2.Canada |
9.Europe Garnet Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
9.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.1.1.Andradite |
9.1.2.Pyrope |
9.1.3.Almandine |
9.1.4.Uvarovite |
9.1.5.Grossular |
9.1.6.Spessartine |
9.2. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.2.1.Abrasive blasting |
9.2.2.Abrasive powder |
9.2.3.Water jet cutting |
9.2.4.Water filtration |
9.2.5.Jewellery |
9.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.3.1.Germany |
9.3.2.France |
9.3.3.Italy |
9.3.4.United Kingdom (UK) |
9.3.5.Spain |
9.3.6.Rest of EU |
9.3.7. |
10.Asia Pacific (APAC) Garnet Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Andradite |
10.1.2.Pyrope |
10.1.3.Almandine |
10.1.4.Uvarovite |
10.1.5.Grossular |
10.1.6.Spessartine |
10.2. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Abrasive blasting |
10.2.2.Abrasive powder |
10.2.3.Water jet cutting |
10.2.4.Water filtration |
10.2.5.Jewellery |
10.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.China |
10.3.2.India |
10.3.3.Australia and New Zealand (ANZ) |
10.3.4.Japan |
10.3.5.Rest of APAC |
11.Middle East and Africa (MEA) Garnet Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Andradite |
11.1.2.Pyrope |
11.1.3.Almandine |
11.1.4.Uvarovite |
11.1.5.Grossular |
11.1.6.Spessartine |
11.2. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Abrasive blasting |
11.2.2.Abrasive powder |
11.2.3.Water jet cutting |
11.2.4.Water filtration |
11.2.5.Jewellery |
11.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.GCC Countries |
11.3.2.South Africa |
11.3.3.Rest of MEA |
12.Latin America Garnet Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Andradite |
12.1.2.Pyrope |
12.1.3.Almandine |
12.1.4.Uvarovite |
12.1.5.Grossular |
12.1.6.Spessartine |
12.2. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Abrasive blasting |
12.2.2.Abrasive powder |
12.2.3.Water jet cutting |
12.2.4.Water filtration |
12.2.5.Jewellery |
12.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Brazil |
12.3.2.Mexico |
12.3.3.Rest of LA |
13. Competition Landscape |
13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
13.2.1.GMA Garnet |
13.2.2.Trimex Sands |
13.2.3.Dev International |
13.2.4.Rizhao Garnet |
13.2.5.V. Mineral |
13.2.6.Indian Rare Earths Limited |
13.2.7.Opta Minerals |
13.2.8.Industrial Mineral Company |
13.2.9.Transworld Garnet |
13.2.10.Barton International |
13.2.11.Zircon Mineral Company |
13.2.12.Indian Ocean Garnet Sands Company |
14. Research Methodology |
15. Appendix and Abbreviations |