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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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Industrial Diamond Market Overview
8.1 Key Industry Highlights
8.2 Global Industrial Diamond Historical Market (2018-2023)
8.3 Global Industrial Diamond Market Forecast (2024-2032)
8.4 Global Industrial Diamond Market by Type
8.5 Global Industrial Diamond Market by Region
8.5.1 North America
8.5.2 Europe
8.5.3 Asia Pacific
8.5.4 Latin America
8.5.5 Middle East and Africa
9 Global Synthetic Industrial Diamond Market Analysis
9.1 Key Industry Highlights
9.2 Global Synthetic Industrial Diamond Historical Market (2018-2023)
9.3 Global Synthetic Industrial Diamond Market Forecast (2024-2032)
9.4 Global Synthetic Industrial Diamond Market by Manufacturing Process
9.4.1 High Pressure, High Temperature (HPHT)
9.4.1.1 Historical Trend (2018-2023)
9.4.1.2 Forecast Trend (2024-2032)
9.4.2 Chemical Vapour Deposition (CVD)
9.4.2.1 Historical Trend (2018-2023)
9.4.2.2 Forecast Trend (2024-2032)
9.5 Global Synthetic Industrial Diamond Market by Form
9.5.1 Bort
9.5.1.1 Historical Trend (2018-2023)
9.5.1.2 Forecast Trend (2024-2032)
9.5.2 Grit
9.5.2.1 Historical Trend (2018-2023)
9.5.2.2 Forecast Trend (2024-2032)
9.5.3 Powder
9.5.3.1 Historical Trend (2018-2023)
9.5.3.2 Forecast Trend (2024-2032)
9.5.4 Stone
9.5.4.1 Historical Trend (2018-2023)
9.5.4.2 Forecast Trend (2024-2032)
9.5.5 Others
9.6 Global Synthetic Industrial Diamond Market by Product Type
9.6.1 Sawgrit
9.6.1.1 Historical Trend (2018-2023)
9.6.1.2 Forecast Trend (2024-2032)
9.6.2 Wheelgrit
9.6.2.1 Historical Trend (2018-2023)
9.6.2.2 Forecast Trend (2024-2032)
9.6.3 Micron Powders
9.6.3.1 Historical Trend (2018-2023)
9.6.3.2 Forecast Trend (2024-2032)
9.6.4 Cubic Boron Nitride (CBN) Powders
9.6.4.1 Historical Trend (2018-2023)
9.6.4.2 Forecast Trend (2024-2032)
9.6.5 Others
9.7 Global Synthetic Industrial Diamond Market by Application
9.7.1 Construction Tools
9.7.1.1 Historical Trend (2018-2023)
9.7.1.2 Forecast Trend (2024-2032)
9.7.2 Mining
9.7.2.1 Historical Trend (2018-2023)
9.7.2.2 Forecast Trend (2024-2032)
9.7.3 Water Treatment
9.7.3.1 Historical Trend (2018-2023)
9.7.3.2 Forecast Trend (2024-2032)
9.7.4 Automotive and Aerospace
9.7.4.1 Historical Trend (2018-2023)
9.7.4.2 Forecast Trend (2024-2032)
9.7.5 Electronics
9.7.5.1 Historical Trend (2018-2023)
9.7.5.2 Forecast Trend (2024-2032)
9.7.6 Glass and Ceramics
9.7.6.1 Historical Trend (2018-2023)
9.7.6.2 Forecast Trend (2024-2032)
9.7.7 Others
9.8 Global Synthetic Industrial Diamond Market by Region
9.8.1 North America
9.8.1.1 Historical Trend (2018-2023)
9.8.1.2 Forecast Trend (2024-2032)
9.8.2 Europe
9.8.2.1 Historical Trend (2018-2023)
9.8.2.2 Forecast Trend (2024-2032)
9.8.3 Asia Pacific
9.8.3.1 Historical Trend (2018-2023)
9.8.3.2 Forecast Trend (2024-2032)
9.8.4 Latin America
9.8.4.1 Historical Trend (2018-2023)
9.8.4.2 Forecast Trend (2024-2032)
9.8.5 Middle East and Africa
9.8.5.1 Historical Trend (2018-2023)
9.8.5.2 Forecast Trend (2024-2032)
9 North America Synthetic Industrial Diamond Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Synthetic Industrial Diamond Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Synthetic Industrial Diamond Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Synthetic Industrial Diamond Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Synthetic Industrial Diamond Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Henan Huanghe Whirlwind Co.,Ltd
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Zhengzhou Zhongnan Jete Superabrasives Co.,Ltd.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Element Six (UK) Ltd
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Sumitomo Electric Industries, Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Iljin Diamond Co., Ltd.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Industrial Diamond Market: Key Industry Highlights, 2018 and 2032
2. Global Industrial Diamond Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Industrial Diamond Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Industrial Diamond Historical Market: Breakup by Region (USD Million), 2018-2023
5. Global Industrial Diamond Market Forecast: Breakup by Region (USD Million), 2024-2032
6. Global Synthetic Industrial Diamond Market: Key Industry Highlights, 2018 and 2032
7. Global Synthetic Industrial Diamond Historical Market: Breakup by Manufacturing Process (USD Million), 2018-2023
8. Global Synthetic Industrial Diamond Market Forecast: Breakup by Manufacturing Process (USD Million), 2024-2032
9. Global Synthetic Industrial Diamond Historical Market: Breakup by Form (USD Million), 2018-2023
10. Global Synthetic Industrial Diamond Market Forecast: Breakup by Form (USD Million), 2024-2032
11. Global Synthetic Industrial Diamond Historical Market: Breakup by Product Type (USD Million), 2018-2023
12. Global Synthetic Industrial Diamond Market Forecast: Breakup by Product Type (USD Million), 2024-2032
13. Global Synthetic Industrial Diamond Historical Market: Breakup by Application (USD Million), 2018-2023
14. Global Synthetic Industrial Diamond Market Forecast: Breakup by Application (USD Million), 2024-2032
15. Global Synthetic Industrial Diamond Historical Market: Breakup by Region (USD Million), 2018-2023
16. Global Synthetic Industrial Diamond Market Forecast: Breakup by Region (USD Million), 2024-2032
17. North America Synthetic Industrial Diamond Historical Market: Breakup by Country (USD Million), 2018-2023
18. North America Synthetic Industrial Diamond Market Forecast: Breakup by Country (USD Million), 2024-2032
19. Europe Synthetic Industrial Diamond Historical Market: Breakup by Country (USD Million), 2018-2023
20. Europe Synthetic Industrial Diamond Market Forecast: Breakup by Country (USD Million), 2024-2032
21. Asia Pacific Synthetic Industrial Diamond Historical Market: Breakup by Country (USD Million), 2018-2023
22. Asia Pacific Synthetic Industrial Diamond Market Forecast: Breakup by Country (USD Million), 2024-2032
23. Latin America Synthetic Industrial Diamond Historical Market: Breakup by Country (USD Million), 2018-2023
24. Latin America Synthetic Industrial Diamond Market Forecast: Breakup by Country (USD Million), 2024-2032
25. Middle East and Africa Synthetic Industrial Diamond Historical Market: Breakup by Country (USD Million), 2018-2023
26. Middle East and Africa Synthetic Industrial Diamond Market Forecast: Breakup by Country (USD Million), 2024-2032
27. Global Synthetic Industrial Diamond Market Structure
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.
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, driven by demand from the construction and electronics industry. The market is likely to be aided by the global industrial diamond market, which is expected to grow at a CAGR of about 2.9% in the forecast period of 2024-2032 to reach USD 2.62 billion by 2032.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on the product type, the synthetic industrial diamond market can be segmented into sawgrit, wheelgrit, micron powders, and cubic boron nitride (CBN) powders, amongst others. By application, the industry can be divided into construction tools, mining, water treatment, automotive and aerospace, electronics, and glass and ceramics, amongst others. Synthetic industrial diamond can have different forms like bort, grit, powder, and stone, amongst others. High pressure, high temperature (HPHT) and chemical vapour deposition (CVD) are the manufacturing processes involved in synthetic industrial diamonds. The major regional markets for synthetic industrial diamonds are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above industry include Henan Huanghe Whirlwind Co.,Ltd, Zhengzhou Zhongnan Jete Superabrasives Co.,Ltd., Element Six (UK) Ltd, Sumitomo Electric Industries, Ltd., and Iljin Diamond Co., Ltd., amongst others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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