Global Market Study on Industrial Garnet: Increasing Government Initiatives in Mining Activities Likely to Fuel Market Growth R e s e a r c h Report Media Releases Global Industrial Garnet Market Valued at US$ 475.7 Mn in 2016; Substantial Investment in the Defense Sector Likely to Boost Market Value to US$ 721.8 Mn by 2024 The global industrial garnet market stood at a valuation of US$ 475.7 Mn in 2016 and is estimated to be valued at US$ 721.8 Mn by the end of 2024, expanding at a CAGR of 5.4% during this period. In a report titled “Global Industrial Garnet Market: Industry Analysis And Forecast, 2016–2024”, Persistence Market Research delivers pertinent insights on the growth of M a r k e t the global industrial garnet market and identifies key market dynamics impacting this growth. This report covers global trends driving the growth of the industrial garnet market and offers analysis, production outlook, and insights into the potential of the industrial garnet market in specific regions. A 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, and stringent regulations to ban the use of hazardous minerals such as silica and slag are some of the key factors expected to boost the growth of the global industrial garnet market over the forecast period. However, an analysis by Persistence Market Research shows that easy P e r s i s t e n c e availability of low cost substitutes such as fused aluminum oxide, staurolite, illmenite, and quartz sand are likely to pose challenges to the growth of the global industrial garnet market over the forecast period. Download Sample of This Report @ http://www.persistencemarketresearch.com/samples/11794 Some of the key trends likely to govern the global industrial garnet market during the forecast period are – a rising demand for the use of garnet abrasive in the manufacturing of automobile parts, increasing demand for garnet in shipbuilding repairs work, growing demand for garnet in petrochemical and oil refineries plants, and a steady focus on recycling garnet as well as mining of high-grade garnet ores. 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 has shown greater adoptability of garnet as an oil and gas reservoir fracturing proppant. Global Industrial Garnet Market 2016-2024 R e s e a r c h Browse Complete Report @ http://www.persistencemarketresearch.com/marketresearch/global-industrial-garnet-market.asp The global industrial garnet market has been segmented on the basis of product type (Almandine, Andradite, Grossular, Pyrope, Spessartine, and Uvarovite); and on the basis of application (Water Jet Cutting, Abrasive Blasting, Water Filtration, Abrasive Powders, and Others). The Almandine segment is expected to witness a comparatively faster growth rate during the forecast period; in terms of revenue, the Almandine product type segment is likely to dominate the market with 50.2% share by the end of 2016 and is expected to remain dominant till the end of the forecast period with a market share of 52.6%. The Andradite product type segment is estimated to be valued at US$ 52.4 Mn by 2024, expanding at a CAGR of 4.6% P e r s i s t e n c e M a r k e t during the forecast period. North America, Latin America, Europe, Asia Pacific, and Middle East & Africa are the chief regions covered in the report. The North America industrial garnet market is estimated to be valued at US$ 204.2 Mn by 2024, expanding at a CAGR of 6.4% during the forecast period. This report covers various major manufacturers, distributors, and suppliers in the global industrial garnet market. 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. Download Table of Content @ http://www.persistencemarketresearch.com/marketresearch/global-industrial-garnet-market/toc Global Industrial Garnet Market 2016-2024 R e s e a r c h About Us: Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business M a r k e t intelligence for organizations of all sizes. Our offerings include pre-built reports that address every major sale, customized solutions to cater to client-specific needs, and consulting services to offer more value addition. Our nextgeneration research approach for exploring emerging technologies has allowed us to solve the most complex problems of clients. We do not follow a reactive approach, but a pro-active one. Expert analysts at PMR keep a tab on next-generation technologies in their R&D phase and provide the latest insights into these technologies when they are being commercialized. Our ground-breaking approach allows us to deliver market solutions before the technologies reach the market. P e r s i s t e n c e Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset. Contact Us: Persistence Market Research 90 Sate Street, Suite 700 Albany, NY 12207 Tel: +1-518-618-1030 Email: [email protected] Website: http://www.persistencemarketresearch.com/ [email protected] Stay updated with our official Blog: http://pmrblog.com Global Industrial Garnet Market 2016-2024 Global Industrial Garnet Market 2016-2024 P e r s i s t e n c e M a r k e t R e s e a r c h
The report provides in-depth analysis of revenue share and market size of the global industrial garnet market across all segments during 2016-2024
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