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Global Market Study on Industrial Garnet: Increasing Government Initiatives in Mining Activities Likely to Fuel Market Growth

Report Description

Persistence Market Research offers an in-depth forecast for the global industrial garnet market between 2016 and 2024. The primary objective of this report is to offer insights on various advancements in the global industrial garnet market. The report offers updates on trends, drivers, restraints, value forecasts, and opportunities for manufacturers operating in the global industrial garnet market. The inherent properties of garnet such as inertness, hardness, and resistance to degradation make it commercially viable. These properties offer superior performance as compared to other minerals and as a result, garnet finds application as an abrasive and filtration raw material among others, which is a major factor driving the growth of the global industrial garnet market.

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 in countries such as India, Australia, and Canada, and stringent regulations to ban the use of hazardous minerals such as silica and slag are various factors expected to drive the growth of the global industrial garnet market over the forecast period. However, easy availability of low-cost substitutes such as fused aluminum oxide, staurolite, illmenite, and quartz sand is a major restraint likely to hamper growth of the global industrial garnet market to a certain extent over the forecast period. 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 have shown greater adoptability of garnet as an oil and gas reservoir fracturing proppant.

In this report, the industrial garnet market is classified on the basis of product type, application, and region. The report provides in-depth analysis of revenue share and market size of the global industrial garnet market across all segments and also provides a market outlook for the forecast period, setting the forecast within the context of the global industrial garnet ecosystem, including new technological developments and product offerings. A particular section of this report discusses the different factors shaping internal and external competition in the market. Various barriers to the entry of start-ups in the industry have also been analyzed and rated on the basis of their impact on competition levels in the market.

Research Methodology

The report presents a structured market profiling of the global industrial garnet market using in-depth secondary research to ascertain the overall market size, top industry players, top products, and industry associations. Besides providing a detailed analysis of market performance and revenue share for leading global industrial garnet markets, the report also conducts an analysis on the basis of key parameters such as Year-on-Year (Y-o-Y) growth to understand predictability of the market and identify the right opportunities. Another important feature of this report is the analysis of all key segments in terms of absolute dollar opportunity, which is critical in assessing the level of opportunity that a provider can look to achieve and to identify potential resources from a sales and delivery perspective.

This report profiles leading manufacturers in the global industrial garnet market and covers individual business strategies followed by these companies in terms of enhancing their solution offerings through mergers and acquisitions. Some major industrial garnet manufacturers covered in the report include GMA Garnet Group, Trimex Sands Private Limited, Zircon Mineral Co., Mohawk Garnet Inc., Indian Ocean Garnet Sands Company Ltd., Barton International, Opta Minerals Inc., V.V. Mineral Pvt. Ltd., Beach Minerals Company, and Rizhao Garnet Ltd.

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