In 2023, garnet consumption in the US was valued at approximately 68.65 million USD. The forecast data shows a steady year-on-year increase in garnet consumption, with values rising from 71.26 million USD in 2024 to 81.67 million USD by 2028. This reflects a compound annual growth rate (CAGR) of about 4.4% over the five-year period.
Future trends to watch for include:
- Increased demand in sectors like waterjet cutting, abrasive blasting, and water filtration, which are key drivers for garnet usage.
- Potential supply chain disruptions or shifts in raw material availability, impacting price and consumption.
- Technological advancements resulting in more efficient garnet usage processes.