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Synthetic diamonds are lab-grown or laboratory produced diamond, its physical and chemical properties resemble to those of natural diamonds. Synthetic diamonds (lab-grown diamonds) are also known as cultivated or cultured diamonds. These are manufactured in the laboratory by using CVD (chemical vapor deposition) or HPHT (high pressure high temperature) processes. Synthetic diamonds exhibit properties similar to natural diamonds; hence, they are widely utilized in end-user industries that use diamonds. Increase in demand for synthetic diamond in industrial application will boost the synthetic diamond market. Synthetic diamonds are widely utilized in computer chip production, construction, machinery production, mining services (such as drilling for minerals), gem exploration, stone cutting and polishing, surgery, astronomy, experimental physics, and electronics. Synthetic diamonds are also known for their usage in oil & gas drills, as no other material is capable of handling extreme conditions. Synthetic diamond-based products are also being employed in industrial and household water treatment. Polycrystalline CVDs are an essential component in high-performance loudspeakers. Synthetic diamond detectors of ultraviolet light particles are used at high-energy research facilities and are available commercially.
The versatile properties of synthetic diamonds are the primary growth factors for this market. Synthetic diamonds possess a unique combination thermal, optical, mechanical, electronic, electrochemical, and acoustic properties that provides several economic and performance advantages in industrial applications. They are preferred for their exceptional hardness and low friction coefficient which is advantageous for applications such as high-precision cutting, precision dressing, and cutting tools. Owing to such advantages synthetic diamonds find their significance in applications across various industries including electrical and electronics, which will in turn, fuel the growth of the industrial diamond market.
Market Analysis and Insights: Global Synthetic Diamonds Market
The global Synthetic Diamonds market size is projected to reach US$ 1800.5 million by 2026, from US$ 1305.8 million in 2020, at a CAGR of 5.5% during 2021-2026.
Global Synthetic Diamonds Scope and Market Size
The global Synthetic Diamonds market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Synthetic Diamonds market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2015-2026.
Segment by Type, the Synthetic Diamonds market is segmented into
Polished
Rough
Segment by Application, the Synthetic Diamonds market is segmented into
Construction & Mining
Electronics
Jewelry
Healthcare
The Synthetic Diamonds market is analysed and market size information is provided by regions (countries). Segment by Application, the Synthetic Diamonds market is segmented into United States, Europe, China, Japan, Southeast Asia, India and Rest of World.
The report includes region-wise market size for the period 2015-2026. It also includes market size and forecast by players, by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.
Synthetic Diamonds market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in Synthetic Diamonds business, the date to enter into the Synthetic Diamonds market, Synthetic Diamonds product introduction, recent developments, etc.
The major vendors covered:
Element Six (E6)
Applied Diamond
HEYARU GROUP
Sandvik
ILJIN
The versatile properties of synthetic diamonds are the primary growth factors for this market. Synthetic diamonds possess a unique combination thermal, optical, mechanical, electronic, electrochemical, and acoustic properties that provides several economic and performance advantages in industrial applications. They are preferred for their exceptional hardness and low friction coefficient which is advantageous for applications such as high-precision cutting, precision dressing, and cutting tools. Owing to such advantages synthetic diamonds find their significance in applications across various industries including electrical and electronics, which will in turn, fuel the growth of the industrial diamond market.
Market Analysis and Insights: Global Synthetic Diamonds Market
The global Synthetic Diamonds market size is projected to reach US$ 1800.5 million by 2026, from US$ 1305.8 million in 2020, at a CAGR of 5.5% during 2021-2026.
Global Synthetic Diamonds Scope and Market Size
The global Synthetic Diamonds market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Synthetic Diamonds market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2015-2026.
Segment by Type, the Synthetic Diamonds market is segmented into
Polished
Rough
Segment by Application, the Synthetic Diamonds market is segmented into
Construction & Mining
Electronics
Jewelry
Healthcare
The Synthetic Diamonds market is analysed and market size information is provided by regions (countries). Segment by Application, the Synthetic Diamonds market is segmented into United States, Europe, China, Japan, Southeast Asia, India and Rest of World.
The report includes region-wise market size for the period 2015-2026. It also includes market size and forecast by players, by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.
Competitive Landscape
and Synthetic Diamonds Market Share AnalysisSynthetic Diamonds market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in Synthetic Diamonds business, the date to enter into the Synthetic Diamonds market, Synthetic Diamonds product introduction, recent developments, etc.
The major vendors covered:
Element Six (E6)
Applied Diamond
HEYARU GROUP
Sandvik
ILJIN
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
