The Collaborative International Dictionary of English v.0.48:

Granulate \Gran"u*late\, v. i.
   To collect or be formed into grains; as, cane juice
   granulates into sugar. Granulate

The Collaborative International Dictionary of English v.0.48:

granulate \gran"u*late\ (gr[a^]n"[-u]*l[=a]t), v. t. [imp. & p.
   p. Granulated (gr[a^]n"[-u]*l[=a]`t[e^]d); p. pr. & vb. n.
   Granulating (gr[a^]n"[-u]*l[=a]`t[i^]ng).] [See Granule.]
   1. To form into grains or small masses; as, to granulate
      powder, sugar, or metal.
      [1913 Webster]

   2. To raise in granules or small asperities; to make rough on
      the surface.
      [1913 Webster]

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.
      [1913 Webster]

   2. Having numerous small elevations, as shagreen.
      [1913 Webster]

   Granulated steel, a variety of steel made by a particular
      process beginning with the granulation of pig iron.
      [1913 Webster]

WordNet (r) 3.0 (2006):

granulate
    v 1: form into grains [syn: granulate, grain]
    2: become granular [syn: granulate, grain]
    3: form granulating tissue; "wounds and ulcers can granulate"