INDUSTRIAL GARNET MARKET ANALYSIS

Market Challenges And Opportunities

Global Industrial Garnet Market- Restraints

• Environmental issues associated with the mining of gemstones

Environmental issues associated with the mining of gemstones such as land degradation, contamination of water, and effects on biodiversity and wild is expected to hamper the market growth of industrial garnet. Furthermore, rising demand for garnet from various manufacturing industriesis expected to witness significant market growth in the upcoming forecast period.

• Dispose of chemicals used in garnet manufacturing

Dispose of chemicals used in garnet manufacturing such as the polishing and cutting process is another major factor expected to hinder the market growth of industrial garnet. An important barrier to the growth of the industrial garnet market worldwide is the disposal of chemicals used in garnet production. In addition, finding ways to get rid of used garnet is expensive in terms of transportation, packaging, and labor. Therefore, this issue is expected to hamper the global industrial garnet market growth. Furthermore, increasing demand for garnet in water jet cutting, abrasive blasting, water filtration, and abrasive powders is expected to witness significant market growth in the upcoming forecast period.

• Rising demand for garnet from various manufacturing industries

Rising demand for garnet from various manufacturing industries due to its excellent properties hardness, inertness, and resistance to degradation is expected to propel the market growth of garnets. These properties of garnets provide superior performance compared to other minerals. Because of its high-performance properties which makes it ideal abrasive and filtration raw material. This is expected to augment the market growth of industrial garnet.

• Increasing focus of manufacturers on the recycling of used garnet

Increasing focus of manufacturers on the recycling of used garnet by introducing new equipment and technology in order to reduce the volume of garnet disposal is expected to augment the market growth. The recycled garnet can retain good quality and can be resold for various industrial applications. This is expected to accelerate the market growth of industrial garnet.

• Growing use of industrial garnet as a proppant across few industries

The growing use of industrial garnet as a proppant across few industries such as petroleum because it increased performance, reduces chemical leaching, and negative impact on the environment is expected to provide enormous growth opportunities to the market. Moreover, rising adoption of garnet across the oil & gas drilling industry as an oil & gas reservoir fracturing proppant, is further expected to foster the market growth of the industrial garnet.