The garnet consumption in the US is predicted to rise steadily from 2024 to 2028, with values projected to increase from 347.04 thousand metric tons in 2024 to 390.04 thousand metric tons in 2028. This represents a consistent year-on-year increase ranging from approximately 3.2% to 3.8%. As of 2023, the actual consumption stood at a lower level, reflecting an overall growth trajectory in the subsequent years. The compound annual growth rate (CAGR) over the forecasted period showcases a moderate yet promising development in garnet consumption.
Future trends to monitor:
- Potential shifts in industrial demand that could impact garnet usage.
- Technological advancements in abrasive materials influencing market dynamics.
- Environmental and regulatory changes affecting mining and supply.
