Garnet Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

PUBLISHED: January 30, 2024

PAGES: 149 Pages

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Description

Fairfield Market Research has released an eight-year forecast for the global garnet market spanning from 2024 to 2031. The report projects a Compound Annual Growth Rate (CAGR) of 5.5% during this period and aims to provide valuable insights into advancements and opportunities within the garnet market.

Through comprehensive analysis, the study highlights market dynamics that are anticipated to shape the current challenges and future landscape of the global garnet market. It offers updates on trends, drivers, restraints, value forecasts, and opportunities for manufacturers operating both globally and regionally within the garnet market.

The scope of the study encompasses commercially significant garnet products and types, providing a comprehensive overview of the market landscape.

Analysis of the Garnet Market by Type:

The garnet market is segmented into almandine, andradite, grossular, pyrope, spessartine, and uvarovite. It is anticipated that almandine will dominate the global garnet market during the forecast period due to its wide-ranging applications in infrastructure and manufacturing sectors. Pyrope is expected to follow closely, supported by its ease of availability and versatile application in abrasive products. Furthermore, gemstone variants are projected to experience rapid growth over the forecast period, driven by increasing demand for luxury goods in developing regions.

Analysis of the Garnet Market by Application:

The global garnet market is segmented into jewelry, industrial, and other applications. The industrial segment is poised to dominate the global garnet market throughout the forecast period, driven by extensive usage in large-scale fabrication and abrasive applications across various industries. Concurrently, the jewelry segment is expected to witness robust growth, fueled by increasing demand for jewelry and gemstone products in various luxury goods segments.

Within the industrial segment, further sub-segmentation includes water jet cutting, abrasive blasting, water filtration, abrasive powder, and others. Among these, the abrasive blasting segment is anticipated to lead the global garnet market owing to growing demand for fine-finished products, surface treatment, and technical equipment cleaning products. Additionally, increased demand for water jet cutting products from the fabrication and automotive industries is expected to further boost the demand for garnet over the forecast period.

Garnet Market Analysis by Region:

The report offers insights into the market share of each segment across various regions, accompanied by an analysis of regional market trends. It also highlights garnet demand, providing a market outlook for the period spanning 2024 to 2031. The forecast is contextualized within the garnet ecosystem, considering new product developments and offerings in the global market.

Additionally, the study delves into key trends shaping the growth of the global garnet market and analyzes the extent to which drivers influence the market on a global scale.

Competitive Analysis:

The final section of the report presents a comprehensive competitive landscape, offering a dashboard view for report audiences. Key categories of providers in the global garnet market are covered, with detailed profiles included to evaluate their long-term and short-term strategies, key offerings, and recent developments in the garnet space.

Key Players:

Prominent players in the global garnet market include GMA Garnet Pty Ltd., Indian Ocean Garnet Sands Company Pvt. Ltd., Barton International, V.V. Mineral, Industrial Mineral Company, Indian Rare Earths Limited, Sibelco, Zircon Mineral Company, Trimex Sands Pvt Ltd., and Dev International.

Garnet Market Segmentation

By Type

Almandine
Andradite
Grossular
Pyrope
Spessartine
Uvarovite

By Application

Jewellery
Industrial
- Water Jet Cutting
- Abrasive Blasting
- Water Filtration
- Abrasive Powder
- Others
Others

By Region

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

1. Executive Summary

1.1. Global Garnet Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Global Garnet Market Outlook, 2018 - 2031

3.1. Global Garnet Market Outlook, by Types, Value (US$ Bn), 2018 - 2031
- 3.1.1. Key Highlights
  - 3.1.1.1. Almandine
  - 3.1.1.2. Andradite
  - 3.1.1.3. Grossular
  - 3.1.1.4. Pyrope
  - 3.1.1.5. Spessartine
  - 3.1.1.6. Uvarovite
3.2. Global Garnet Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 3.2.1. Key Highlights
  - 3.2.1.1. Jewellery
  - 3.2.1.2. Industrial
    - 3.2.1.2.1. Water Jet Cutting
    - 3.2.1.2.2. Abrasive Blasting
    - 3.2.1.2.3. Water Filtration
    - 3.2.1.2.4. Abrasive Powder
  - 3.2.1.3. Others
3.3. Global Garnet Market Outlook, by Region, Value (US$ Bn), 2018 - 2031
- 3.3.1. Key Highlights
  - 3.3.1.1. North America
  - 3.3.1.2. Europe
  - 3.3.1.3. Asia Pacific
  - 3.3.1.4. Latin America
  - 3.3.1.5. Middle East & Africa

4. North America Garnet Market Outlook, 2018 - 2031

4.1. North America Garnet Market Outlook, by Types, Value (US$ Bn), 2018 - 2031
- 4.1.1. Key Highlights
  - 4.1.1.1. Almandine
  - 4.1.1.2. Andradite
  - 4.1.1.3. Grossular
  - 4.1.1.4. Pyrope
  - 4.1.1.5. Spessartine
  - 4.1.1.6. Uvarovite
4.2. North America Garnet Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 4.2.1. Key Highlights
  - 4.2.1.1. Jewellery
  - 4.2.1.2. Industrial
    - 4.2.1.2.1. Water Jet Cutting
    - 4.2.1.2.2. Abrasive Blasting
    - 4.2.1.2.3. Water Filtration
    - 4.2.1.2.4. Abrasive Powder
  - 4.2.1.3. Others
4.3. North America Garnet Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 4.3.1. Key Highlights
  - 4.3.1.1. U.S. Garnet Market by Types, Value (US$ Bn), 2018 - 2031
  - 4.3.1.2. U.S. Garnet Market by Application, Value (US$ Bn), 2018 - 2031
  - 4.3.1.3. Canada Garnet Market by Types, Value (US$ Bn), 2018 - 2031
  - 4.3.1.4. Canada Garnet Market by Application, Value (US$ Bn), 2018 - 2031
- 4.3.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Garnet Market Outlook, 2018 - 2031

5.1. Europe Garnet Market Outlook, by Types, Value (US$ Bn), 2018 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Almandine
  - 5.1.1.2. Andradite
  - 5.1.1.3. Grossular
  - 5.1.1.4. Pyrope
  - 5.1.1.5. Spessartine
  - 5.1.1.6. Uvarovite
5.2. Europe Garnet Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Jewellery
  - 5.2.1.2. Industrial
    - 5.2.1.2.1. Water Jet Cutting
    - 5.2.1.2.2. Abrasive Blasting
    - 5.2.1.2.3. Water Filtration
    - 5.2.1.2.4. Abrasive Powder
  - 5.2.1.3. Others
- 5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Europe Garnet Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. Germany Garnet Market by Types, Value (US$ Bn), 2018 - 2031
  - 5.3.1.2. Germany Garnet Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.3. U.K. Garnet Market by Types, Value (US$ Bn), 2018 - 2031
  - 5.3.1.4. U.K. Garnet Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.5. France Garnet Market by Types, Value (US$ Bn), 2018 - 2031
  - 5.3.1.6. France Garnet Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.7. Italy Garnet Market by Types, Value (US$ Bn), 2018 - 2031
  - 5.3.1.8. Italy Garnet Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.9. Turkey Garnet Market by Types, Value (US$ Bn), 2018 - 2031
  - 5.3.1.10. Turkey Garnet Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.11. Russia Garnet Market by Types, Value (US$ Bn), 2018 - 2031
  - 5.3.1.12. Russia Garnet Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.13. Rest of Europe Garnet Market by Types, Value (US$ Bn), 2018 - 2031
  - 5.3.1.14. Rest of Europe Garnet Market by Application, Value (US$ Bn), 2018 - 2031
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Garnet Market Outlook, 2018 - 2031

6.1. Asia Pacific Garnet Market Outlook, by Types, Value (US$ Bn), 2018 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Almandine
  - 6.1.1.2. Andradite
  - 6.1.1.3. Grossular
  - 6.1.1.4. Pyrope
  - 6.1.1.5. Spessartine
  - 6.1.1.6. Uvarovite
6.2. Asia Pacific Garnet Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Jewellery
  - 6.2.1.2. Industrial
    - 6.2.1.2.1. Water Jet Cutting
    - 6.2.1.2.2. Abrasive Blasting
    - 6.2.1.2.3. Water Filtration
    - 6.2.1.2.4. Abrasive Powder
  - 6.2.1.3. Others
- 6.2.2. BPS Analysis/Market Attractiveness Analysis
6.3. Asia Pacific Garnet Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. China Garnet Market by Types, Value (US$ Bn), 2018 - 2031
  - 6.3.1.2. China Garnet Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.3. Japan Garnet Market by Types, Value (US$ Bn), 2018 - 2031
  - 6.3.1.4. Japan Garnet Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.5. South Korea Garnet Market by Types, Value (US$ Bn), 2018 - 2031
  - 6.3.1.6. South Korea Garnet Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.7. India Garnet Market by Types, Value (US$ Bn), 2018 - 2031
  - 6.3.1.8. India Garnet Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.9. Southeast Asia Garnet Market by Types, Value (US$ Bn), 2018 - 2031
  - 6.3.1.10. Southeast Asia Garnet Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.11. Rest of Asia Pacific Garnet Market by Types, Value (US$ Bn), 2018 - 2031
  - 6.3.1.12. Rest of Asia Pacific Garnet Market by Application, Value (US$ Bn), 2018 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Garnet Market Outlook, 2018 - 2031

7.1. Latin America Garnet Market Outlook, by Types, Value (US$ Bn), 2018 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Almandine
  - 7.1.1.2. Andradite
  - 7.1.1.3. Grossular
  - 7.1.1.4. Pyrope
  - 7.1.1.5. Spessartine
  - 7.1.1.6. Uvarovite
7.2. Latin America Garnet Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Latin America Garnet Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Brazil Garnet Market by Types, Value (US$ Bn), 2018 - 2031
  - 7.3.1.2. Brazil Garnet Market by Application, Value (US$ Bn), 2018 - 2031
  - 7.3.1.3. Mexico Garnet Market by Types, Value (US$ Bn), 2018 - 2031
  - 7.3.1.4. Mexico Garnet Market by Application, Value (US$ Bn), 2018 - 2031
  - 7.3.1.5. Argentina Garnet Market by Types, Value (US$ Bn), 2018 - 2031
  - 7.3.1.6. Argentina Garnet Market by Application, Value (US$ Bn), 2018 - 2031
  - 7.3.1.7. Rest of Latin America Garnet Market by Types, Value (US$ Bn), 2018 - 2031
  - 7.3.1.8. Rest of Latin America Garnet Market by Application, Value (US$ Bn), 2018 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Garnet Market Outlook, 2018 - 2031

8.1. Middle East & Africa Garnet Market Outlook, by Types, Value (US$ Bn), 2018 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Almandine
  - 8.1.1.2. Andradite
  - 8.1.1.3. Grossular
  - 8.1.1.4. Pyrope
  - 8.1.1.5. Spessartine
  - 8.1.1.6. Uvarovite
8.2. Middle East & Africa Garnet Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Jewellery
  - 8.2.1.2. Industrial
    - 8.2.1.2.1. Water Jet Cutting
    - 8.2.1.2.2. Abrasive Blasting
    - 8.2.1.2.3. Water Filtration
    - 8.2.1.2.4. Abrasive Powder
  - 8.2.1.3. Others
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Middle East & Africa Garnet Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. GCC Garnet Market by Types, Value (US$ Bn), 2018 - 2031
  - 8.3.1.2. GCC Garnet Market by Application, Value (US$ Bn), 2018 - 2031
  - 8.3.1.3. South Africa Garnet Market by Types, Value (US$ Bn), 2018 - 2031
  - 8.3.1.4. South Africa Garnet Market by Application, Value (US$ Bn), 2018 - 2031
  - 8.3.1.5. Egypt Garnet Market by Types, Value (US$ Bn), 2018 - 2031
  - 8.3.1.6. Egypt Garnet Market by Application, Value (US$ Bn), 2018 - 2031
  - 8.3.1.7. Nigeria Garnet Market by Types, Value (US$ Bn), 2018 - 2031
  - 8.3.1.8. Nigeria Garnet Market by Application, Value (US$ Bn), 2018 - 2031
  - 8.3.1.9. Rest of Middle East & Africa Garnet Market by Types, Value (US$ Bn), 2018 - 2031
  - 8.3.1.10. Rest of Middle East & Africa Garnet Market by Application, Value (US$ Bn), 2018 - 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. Manufacturer vs by Application Heatmap
9.2. Company Market Share Analysis, 2023
9.3. Competitive Dashboard
9.4. Company Profiles
- 9.4.1. GMA Garnet Pty Ltd.
  - 9.4.1.1. Company Overview
  - 9.4.1.2. Types Portfolio
  - 9.4.1.3. Financial Overview
  - 9.4.1.4. Business Strategies and Development
- 9.4.2. Indian Ocean Garnet Sands Company Pvt. Ltd.
  - 9.4.2.1. Company Overview
  - 9.4.2.2. Types Portfolio
  - 9.4.2.3. Financial Overview
  - 9.4.2.4. Business Strategies and Development
- 9.4.3. Barton International
  - 9.4.3.1. Company Overview
  - 9.4.3.2. Types Portfolio
  - 9.4.3.3. Financial Overview
  - 9.4.3.4. Business Strategies and Development
- 9.4.4. V.V. Mineral
  - 9.4.4.1. Company Overview
  - 9.4.4.2. Types Portfolio
  - 9.4.4.3. Financial Overview
  - 9.4.4.4. Business Strategies and Development
- 9.4.5. Industrial Mineral Company
  - 9.4.5.1. Company Overview
  - 9.4.5.2. Types Portfolio
  - 9.4.5.3. Financial Overview
  - 9.4.5.4. Business Strategies and Development
- 9.4.6. Indian Rare Earths Limited.
  - 9.4.6.1. Company Overview
  - 9.4.6.2. Types Portfolio
  - 9.4.6.3. Financial Overview
  - 9.4.6.4. Business Strategies and Development
- 9.4.7. Sibelco
  - 9.4.7.1. Company Overview
  - 9.4.7.2. Types Portfolio
  - 9.4.7.3. Financial Overview
  - 9.4.7.4. Business Strategies and Development
- 9.4.8. Zircon Mineral Company
  - 9.4.8.1. Company Overview
  - 9.4.8.2. Types Portfolio
  - 9.4.8.3. Financial Overview
  - 9.4.8.4. Business Strategies and Development
- 9.4.9. Trimex Sands Pvt Ltd.
  - 9.4.9.1. Company Overview
  - 9.4.9.2. Types Portfolio
  - 9.4.9.3. Financial Overview
  - 9.4.9.4. Business Strategies and Development
- 9.4.10. Dev International
  - 9.4.10.1. Company Overview
  - 9.4.10.2. Types Portfolio
  - 9.4.10.3. Financial Overview
  - 9.4.10.4. Business Strategies and Development