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The global synthetic industrial diamond market is supported by the growth of global industrial diamond market, which reached a value of about USD 2.02 billion in 2023. The industrial diamond industry is further expected to grow at a CAGR of about 2.9% in the forecast period of 2024-2032 to reach a value of around USD 2.62 billion by 2032.
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The cost of synthetic diamonds is lower than that of natural diamonds. Industrial diamonds have various applications, and the rising demand for optical instruments is driving up the demand for industrial grade diamonds. Consumer demand is also being driven by lower commercial diamond costs. Geographically, North America is projected to expand rapidly, with the United States leading and controlling the largest global share in the region. Synthetic diamonds are produced and consumed in large quantities in the world. One of the main growth factors is the increasing use of industrial diamonds in the oil and gas sector. Diamond is an excellent cutting medium due to its extreme hardness and poor thermal conductivity. The rising demand for synthetic industrial diamond from various applications, such as construction tools, mining, and water treatment, is aiding the market growth.
Diamond is widely used as a gemstone and for industrial purposes, owing to its physical and chemical properties. Wire drawing, computing, heat sinks, corrosion-resistant coatings, polishing, and cutting are only a few of the industrial uses for diamond. Industrial diamonds are used as a heat sink in electronic thermal control processes, as catalysts in the chemical industry, as abrasive in the manufacturing, automobile, aerospace, and defence sectors, and as catalysts in the chemical industry.
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The global synthetic industrial diamond industry can be divided on the basis of manufacturing process into:
The market can be categorised by form as follows:
Based on product type, the market can be segmented into:
The differentiation by application can be done as follows:
The regional markets for synthetic industrial diamond can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The potential of synthetic diamonds to serve as a heat sink has increased their use in the electronics industry. Synthetic diamond avoids the overheating of silicon and other semiconductor materials, making it a vital heat-enabling technology. As semiconductors have become more integrated in an ever-increasing range of products, demand is projected to rise over the forecast period (IoT). During the forecast period, the growing use of semiconductors by various end-users is expected to boost demand for synthetic industrial diamonds in the electronics industry. Technological advancements in the field will help wider applications for synthetic industrial diamonds across different industries.
The report gives a detailed analysis of the following key players in the global synthetic industrial diamond market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| 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 Manufacturing Process |
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| Breakup by Form |
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| Breakup by Product Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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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 synthetic industrial diamond market is supported by the growth of global industrial diamond market, which reached a value of about USD 2.02 billion in 2023.
The global synthetic industrial diamond market is supported global industrial diamond market, which is expected to grow at a CAGR of about 2.9% in the forecast period of 2024-2032.
The global synthetic industrial diamond market is aided by global industrial diamond market, which is likely to attain USD 2.62 billion by 2032.
The major drivers of the market include the rising population, increased exploration of hidden locations, and the growing demand from the construction and electronics market.
The lowered cost of synthetic industrial diamonds and the rising popularity of diamonds are expected to be the key trends guiding the growth of the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The product types of synthetic industrial diamonds are sawgrit, wheelgrit, micron powders, and cubic boron nitride (CBN) powders, among others.
Synthetic industrial diamonds finds applications in construction tools, mining, water treatment, automotive and aerospace, electronics, and glass and ceramics, among others.
The different forms of synthetic industrial diamonds include bort, grit, powder, and stone, among others.
High pressure, high temperature (HPHT) and chemical vapour deposition (CVD) are the manufacturing processes for synthetic industrial diamonds.
The key players in the global synthetic industrial diamond market are Henan Huanghe Whirlwind Co.,Ltd, Zhengzhou Zhongnan Jete Superabrasives Co.,Ltd., Element Six (UK) Ltd, Sumitomo Electric Industries, Ltd., and Iljin Diamond Co., Ltd., 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
+61-448-061-727
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.
+63-287-899-028, +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
+84-865-399-124
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