The Collaborative International Dictionary of English v.0.48:

Granulate \Gran"u*late\, Granulated \Gran"u*la`ted\, a.
   1. Consisting of, or resembling, grains; crystallized in
      grains; granular; as, granulated sugar.
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   2. Having numerous small elevations, as shagreen.
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   Granulated steel, a variety of steel made by a particular
      process beginning with the granulation of pig iron.
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