The global industrial diamond market attained a value of USD 2.13 Billion in 2023. The industry is further expected to grow in the forecast period of 2024-2032 at a CAGR of 3.10% to reach USD 2.80 Billion by 2032 due to speedy development in construction and automotive industries.
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With diamond having the highest thermal conductivity, it is used for industrial purposes in drilling, cutting, and polishing. The industrial diamond demonstrates numerous properties such as clean operation and fast material removal rates. They can be either natural or synthetic in types. Industrial diamonds can endure extreme pressure and give seamless finishing after cutting, thus, they are used in transportation, construction, and electronics sectors, among others.
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The global industrial diamond industry is being driven by the high demand for abrasives for purposes of grinding, polishing, and cutting. The development in infrastructure and the increasing production of automobiles are further fuelling the growth of the industry. The availability of cheaper substitutes might hinder the growth of the industry, however, research for reducing the production cost and increasing the scope of its application is generating growth opportunities for the global industrial diamond market.
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The report presents a detailed analysis of the following key players in the global industrial diamond market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces model.
| 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:
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| Breakup by Application |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global industrial diamond market attained a value of nearly USD 2.13 Billion in 2023.
The market is projected to grow at a CAGR of 3.10% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 2.80 Billion by 2032.
The major drivers of the market include rising population and the development in infrastructure and the increasing production of automobiles.
The rising industrial activities in emerging economies, particularly China and India, is expected to be a key trend guiding the growth of the industry.
The types of industrial diamond available are natural industrial diamond and synthetic industrial diamond.
Industrial diamond finds applications as construction, transportation, and electronics, amongst others.
The key players in this market include Applied Diamond Inc., Element Six (UK) Ltd., De Beers Group, PJSC Alrosa, ILJIN DIAMOND CO., LTD, Adamas One Corporation (Scio Diamond Technology Corporation), and Industrial Diamond Laboratories, Inc., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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