Global Market Study on Garnet: Incorporation in Jewelry to Outpace Use as an Industrial Abrasive


Garnet  Market
  • Published On : Jul-2018 |
  • Pages : 149 Pages |
  • Format :

Report Description

The Persistence Market Research report on global garnet market analyzes opportunities in the market and presents updates and insights pertaining to various segments of the global garnet market over the forecast period, 2018–2026.

This report provides forecast and analysis of the global garnet market. It provides historical data of 2017 along with estimated data of 2018, and forecast data up to 2026 in terms of revenue (US$ Mn). The report also includes macroeconomic indicators along with an outlook on garnet for global market. It includes drivers and restraints of the global garnet market and their impact on each region during the forecast period. The report also comprises the study of current issues with consumers and opportunities for garnet products. It also includes value chain analysis.

In order to provide users of this report with comprehensive view of the market, we have included detailed competitiveness analysis and market key players and strategy overview. The study encompasses market attractiveness analysis by application, type, and region.

The report includes garnet market company profiles and the revenue generated from the companies across North America, Latin America, Europe, APAC and MEA. The garnet market is segmented on the basis of type, application, and region. On the basis of the type, the global garnet market is segmented into almandine, andradite, grossular, pyrope, spessartine, and uvarovite. The almadine segment is expected to dominate the global garnet market in terms of both value and volume resulted by the ease of availability and low cost of production for almadine related products. On the basis of application, the garnet market is segmented into jewellery, industrial, and others. The industrial segment is further sub-segmented into water jet cutting, abrasive blasting, water filtration, abrasive powder, and others. The industrial segment is expected to dominate the global garnet market owing to the versatile application and comparatively larger volume demand for garnet.

This report covers trends driving each segment and offers analysis and insights into the potential of the Garnet market in specific regions. Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the Garnet space. Garnet key players 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.

Global Garnet Market – By Type

  • Almandine
  • Andradite
  • Grossular
  • Pyrope
  • Spessartine
  • Uvarovite

Global Garnet Market – By Application

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

Global Garnet Market – By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

To deduce the market size, the report considers various aspects based on secondary research. Furthermore, key data points such as region-wise split and market split by type and application from primary respondents have been incorporated to arrive at appropriate market estimates. A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, and Hoover’s, and company annual reports and publications. The forecast presented in the report assesses total revenue generated and expected revenue contribution by the global Garnet market.

The report begins with sizing the base year in terms of value and volume. This forms the basis for forecasting how the market is anticipated to take shape in the near future. Given the characteristics of the market, persistence market research triangulates the data via different analysis based on supply side, demand side, and dynamics of the global Garnet market. To develop the market forecast, persistence market research conducted factor analysis to understand the impact of various forces/factors on the target market. However, quantifying the market across the abovementioned segments is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the forecast has been completed.

It is imperative to note that in an ever-fluctuating economy, we not only provide forecasts in terms of CAGR but also analyze 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 key feature of this report is analysis of the global Garnet market and the corresponding revenue forecast in terms of absolute dollar opportunity. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the global Garnet market.

To understand key segments in terms of their growth and performance in the global garnet market, persistence market research has developed a market attractiveness index. The resulting index should help providers identify existing market opportunities in the global Garnet market.

The report covers an in-depth analysis of all components of value chain in the global Garnet market. In the final section of the report on the global Garnet market, competitive landscape is included to provide a dashboard view of global Garnet manufacturers.

Garnet Market Analysis: Almandine segment is estimated to account for more than 91.1% share of the market by 2018 end, which is expected to remain consistent further by 2026 end

Persistence Market Research offers an eight-year forecast for the global garnet market between 2018 and 2026. In a recently released report by the company, the global garnet market is expected to register a CAGR of 4.5% during the forecast period. The primary objective of the report is to offer insights on the advancements and opportunity in the garnet market. The study demonstrates market dynamics that are expected to influence the current challenges and future status of the global garnet market over the forecast period. This report also offers updates on trends, drivers, restraints, value forecasts, and opportunities for manufacturers operating in the global and regional garnet market.

The scope of our study for garnet includes commercially important garnet products and garnet types.

Garnet Market Analysis, by Type

The garnet market by type is segmented into almandine, andradite, grossular, pyrope, spessartine, and uvarovite. The almandine is anticipated to dominate the global garnet market over the forecast period owing to its infrastructure and manufacturing sector applications. The pyrope to follow the successive spot supported by its ease of availability and versatile application over abrasive products. The gemstone variants are expected to witness a faster growth over the forecast period owing to an increase in luxury good demand from developing regions.

Garnet Market Analysis, by Application

The global garnet market by application is segmented into jewelry, industrial and others. The industrial segment is expected to dominate the global garnet market over the forecast period resulted in large-scale fabrication and abrasive applications across various verticals. The jewelry segment is expected to witness strong growth rates in the global garnet market resulted in increasing demand for the jewelry and gemstone products in various luxury good segments. The industrial segment is further sub-segmented into water jet cutting, abrasive blasting, water filtration, abrasive powder, and others. The abrasive blasting segment is anticipated to dominate the global garnet market over the forecast period owing to the growing demand for the fine finished product, surface treatment and technical equipment cleaning products. Fabrication and the automotive industry to boost demand for water jet cutting products over the forecast period which expected to escalate the demand for garnet.

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Garnet Market Analysis, by Region

The report includes market share of each segment according to the region with analysis towards market trends respectively. A section of the report highlights garnet demand. It also provides a market outlook for 2018–2026 and sets the forecast within the context of the garnet ecosystem, including the new product developments as well as product offerings in the global garnet market. This study discusses key trends contributing to the growth of the global garnet market, as well as analyses the degree to which drivers are influencing the global market.

In the final section of the report, a competitive landscape has been included to provide report audiences with a dashboard view. Key categories of providers covered in the report are garnet’ key players of the global garnet market. Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the garnet space.

Key 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.

 In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR but also analyze on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities.

Company profile

  • 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.
  • Dev International
  • Others.
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