Global Optical Material Synthetic Diamond Market

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The global Optical Material Synthetic Diamond market size was valued at USD 111.41 Million in 2022 and will reach USD 358.58 Million in 2028, with a CAGR of 21.51% during 2022-2028.

Synthetic diamonds are diamonds produced by techniques such as chemical vapor deposition (CVD). Synthetic diamond is one of the main metamaterials present in the optical industry. Synthetic diamond shares most of its basic properties with natural diamond, retaining extremely high hardness, high thermal conductivity and high electrical resistivity.

Extensive downstream market demand
As a new material with many excellent properties, artificial diamond has not only super hard mechanical properties, but also high thermal conductivity, excellent optical properties, semiconductor properties and excellent chemical stability, so it is a very wide range of extreme materials. Artificial diamond can be used as optical window material; Diamond has a very high spectral performance, usually produced into diamond film, used in X-ray, laser, infrared, electromagnetic wave window. In general, the large market demand for artificial diamond in the downstream market is driving the development of optical material synthetic diamond industry.

Rising demand for optical instruments is driving demand for synthetic diamonds
Synthetic diamonds cost less than natural diamonds. Synthetic diamond has various applications and rising demand for optical instruments is driving the demand for synthetic diamond. Synthetic diamond's good properties such as hardness, pressure resistance, light absorption, thermal stability and electrical conductivity make it an important optical material. For example, compared with traditional silicon-based detectors, diamond detectors have the advantages of high sensitivity, low dark current, strong radiation resistance, and long service life. Therefore, synthetic diamond has numerous applications in the detector industry. Furthermore, synthetic diamond is an important raw material for microwave injector windows as well as heat sinks for optical applications. The market demand for optical instruments is driving the development of the optical material synthetic diamond industry.

Region Overview:
In 2021, the share of the Optical Material Synthetic Diamond market in Europe stood at 34.31%.

Company Overview:
Sumitomo Electric is one of the major players operating in the Optical Material Synthetic Diamond market, holding a share of 28.01% in 2022.

WD Lab Grown Diamonds Announces New CVD Patent Sublicensing Partner
August 12, 2021
WD Lab Grown Diamonds, a leading U.S. producer of chemical vapor deposition (CVD) laboratory-grown diamonds, has entered into a patent sublicense agreement with Ethereal Green Diamonds LLP (“EGDL”) and its affiliate, The Diamond Library. The agreement is an expansion of WD's sub-licensing program announced in late 2020, which to date includes ALTR ( India ) Private Limited and ALTR, Inc. and Evolution Diamond. EGDL is now also permitted to license and distribute CVD lab-grown diamonds in the United States, Canada, Mexico and all other global territories to which this patent applies.

Segmentation Overview:
Chemical vapor deposition can be divided into hot wire method (HFCVD) and microwave plasma method (MPCVD). Among them, the MPCVD method can prepare high-quality diamond films with large area, good crystals, less impurities and relatively pure.

Hot-filament chemical vapor deposition (HFCVD) is a commonly used method for diamond deposition. Typically, in this method, a dilute mixture of a carbonaceous gas (such as methane) and hydrogen is thermally activated by a hot filament at subatmospheric pressure.

Application Overview:
X-ray windows
Synthetic diamond has high spectral passability, and is usually made into a diamond film as a window for X-rays. X-ray windows are suitable for a wide range of applications.

ATR units
ATR is a technique used in spectrometers such as FT-IR spectrometers to obtain spectral measurements from samples that are difficult to analyze by other means, such as transmission or reflection. Synthetic diamond can be used as a raw material for making ATR units.

lenses
Synthetic diamond crystals are of interest to many sectors of industry. Their unique properties make them suitable materials for many applications, including optical lenses for high-energy lasers, among others.

Infrared windows
An infrared window is an engineered optical device designed to allow infrared inspection of electrical components located within switchgear enclosures. Synthetic diamond can be used as an important raw material for the production of infrared windows.

Others
Synthetic diamonds have other applications as well. For example, heat sinks for optical applications; heat sinks are designed with high thermal conductivity materials, and synthetic diamond is a good thermal conductivity material.

The Optical Material Synthetic Diamond market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.

Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.

In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.

Key Companies in the global Optical Material Synthetic Diamond market covered in Chapter 4:
ZS-TECH
Sumitomo Electric
Ningbo Crysdiam
Element Six
WD Lab Grown Diamonds
Diamond Elements
Applied Diamond Inc.
Hebei Plasma Diamond

In Chapter 12 and Chapter 14.1, on the basis of types, the Optical Material Synthetic Diamond market from 2018 to 2028 is primarily split into:
MPCVD
HFCVD

In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the Optical Material Synthetic Diamond market from 2018 to 2028 covers:
X-ray windows
ATR units
lenses
Infrared windows
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Spain)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, UAE, South Africa)

Outline:
Chapter 1 begins with the Optical Material Synthetic Diamond market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Optical Material Synthetic Diamond market and its likely evolution in the short to mid-term and long term.

Chapter 2 provides Optical Material Synthetic Diamond industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.

Chapter 3 depicts Optical Material Synthetic Diamond industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.

Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the Optical Material Synthetic Diamond market ranking, benchmarks, and company business portfolio.

Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.

Chapters 6-10 highlight Optical Material Synthetic Diamond market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.

Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.

Chapters 12-13 evaluate the Optical Material Synthetic Diamond market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.

Chapters 14-15 elaborate on the Optical Material Synthetic Diamond market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.

Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.