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Australia Industrial Garnet Market Size, Analysis, Forecast: By Type: Almandine, Andradite, Grossular, Spessartine, Pyrope, Uvarovite, Others; By Application: Water Jet Cutting, Abrasive Blasting, Water filtration, Abrasive Powders, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Others; Competitive Landscape; 2024-2032
Australia Industrial Garnet Market Outlook
The Australia industrial garnet market size is expected to grow at a CAGR of 5.0% between 2024 and 2032.
Key Takeaways
- Australia's urban areas have been experiencing consistent growth. The population has grown from 24 million in 2016 to 25.6 million as of June 30th, 2020, with over 76% residing in major urban areas.
- The country is extensively urbanised, with the majority of population growth in the past decade concentrated in its 18 biggest cities.
- The mining industry saw an increase in earnings of USD 54.3 billion, representing a growth of 32.7%. The manufacturing industry also saw an increase in earnings of USD 7.6 billion, representing a growth rate of 17.8%.
In the realm of industrial minerals, garnet stands out for its robustness and versatility, making it a staple in the manufacturing sector. This silicate mineral, prevalent in igneous, metamorphic, and sedimentary formations, is predominantly harvested for its abrasive qualities rather than its gemstone potential. Its applications are widespread, ranging from garnet sandpaper to sanding belts and strips, catering to the demands of various industries.
The Australia industrial garnet market growth is being fuelled owing to the pronounced shift towards sustainability and technological innovation. There's a growing appetite for eco-friendly products, driving the market towards greener alternatives. Concurrently, the adoption of cutting-edge technologies like artificial intelligence, machine learning, and blockchain is revolutionising product quality and efficiency. These advancements not only enhance the effectiveness of garnet-based products but also introduce a new paradigm of efficiency in the industry.
Moreover, the surge in infrastructure development, fuelled by rapid urbanisation and industrialisation, presents lucrative opportunities for market expansion. Garnet's critical role in abrasive blasting for construction and shipbuilding underscores its importance in the global push towards robust infrastructure development.
Technological progress and innovation remain pivotal in propelling the industrial garnet market forward. Ongoing R&D efforts are refining extraction techniques and exploring new applications, notably in water jet cutting and electronics manufacturing. These advancements are producing purer forms of garnet, aligning with the rigorous demands of modern industries, and expanding the mineral's applicability. As the Australian industrial garnet market development gains prominence, garnet's position as an indispensable resource in the industrial landscape is both solidified and expanded, promising a future where sustainability and innovation go hand in hand.
Market Segmentation
Australia Industrial Garnet Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Almandine
- Andradite
- Grossular
- Spessartine
- Pyrope
- Uvarovite
- Others
Market Breakup by Application
- Water Jet Cutting
- Abrasive Blasting
- Water filtration
- Abrasive Powders
- Others
Market Breakup by Region
- South Wales
- Victoria
- Queensland
- Western Australia
- Australian Capital Territory
- Others
Competitive Landscape
Key players in the industrial garnet in Australia develop, manufacture, and provide products aiding the end-users with advanced technologies and applications.
- GMA Garnet Group (GMA Garnet Pty Ltd)
- Australian Garnet Corporation Pty Ltd.
- Resource Development Group Limited
- Industrial Minerals NZ Ltd.
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Australia Industrial Garnet Market Overview
8.1 Key Industry Highlights
8.2 Australia Industrial Garnet Historical Market (2018-2023)
8.3 Australia Industrial Garnet Market Forecast (2024-2032)
9 Australia Industrial Garnet Market by Type
9.1 Almandine
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Andradite
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Grossular
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Spessartine
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.5 Pyrope
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.6 Uvarovite
9.6.1 Historical Trend (2018-2023)
9.6.2 Forecast Trend (2024-2032)
9.7 Others
10 Australia Industrial Garnet Market by Application
10.1 Water Jet Cutting
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Abrasive Blasting
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Water filtration
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Abrasive Powders
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Australia Industrial Garnet Market by Region
11.1 New South Wales
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Victoria
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Queensland
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Western Australia
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australian Capital Territory
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 GMA Garnet Group (GMA Garnet Pty Ltd)
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Australian Garnet Corporation Pty Ltd.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Resource Development Group Limited
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Industrial Minerals NZ Ltd.
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Australia Industrial Garnet Market: Key Industry Highlights, 2018 and 2032
2. Australia Industrial Garnet Historical Market: Breakup by Type (USD Million), 2018-2023
3. Australia Industrial Garnet Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Australia Industrial Garnet Historical Market: Breakup by Application (USD Million), 2018-2023
5. Australia Industrial Garnet Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Australia Industrial Garnet Historical Market: Breakup by Region (USD Million), 2018-2023
7. Australia Industrial Garnet Market Forecast: Breakup by Region (USD Million), 2024-2032
8. Australia Industrial Garnet Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 5.0% between 2024 and 2032.
The industrial garnet market is categorised according to its type, which includes almandine, andradite, grossular, spessartine, pyrope, uvarovite and others.
The key market players are GMA Garnet Group (GMA Garnet Pty Ltd), Australian Garnet Corporation Pty Ltd., Resource Development Group Limited, Industrial Minerals NZ Ltd., and others.
The market is driven by factors that include increasing sustainability, technological advancements and rapid urbanisation and industrialisation, among others.
The market is categorised according to its application, which includes water jet cutting, abrasive blasting, water filtration, abrasive powders and others.
Garnets serve various industrial purposes, including blast-cleaning, polishing, filtration, and water jet cutting. In water jet cutting, a potent stream of water mixed with garnet and other abrasives is employed to slice through materials like metal, ceramic, or stone. This method yields minimal dust while efficiently cutting the targeted material.
The main purposes for which garnet is used, with the highest percentage of consumption being in abrasive blasting, followed by water-filtration media, water-jet-assisted cutting, and other applications like abrasive powders, nonslip coatings, and sandpaper.
Among the various types of gemstones, the red garnet stands out as the most abundant and widely recognised. The origins of spessartite and hessonite, characterized by their orange and brown coloration, can be traced back to Namibia and Sri Lanka.
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