Synthetic Diamond Global Market 2023 to 2028: Significant Growth in the Electronics Industry Creates a Positive Outlook

Dec 08, 2023

DUBLIN, March 30, 2023 /PRNewswire/ -- The "Synthetic Diamond Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The global synthetic diamond market size reached US$ 14.9 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 24.4 Billion by 2028, exhibiting a CAGR of 8.57% during 2022-2028.

Companies Mentioned

Applied Diamond Inc.

D.NEA

Element Six (UK) Ltd.

Finegrown Diamonds

Henan Huanghe Whirlwind Co. Ltd

Henan Liliang Diamond Co. Ltd.

Heyaru Engineering Pvt. Ltd.

Hyperion Materials & Technologies Inc.

Iljin Diamond Co. Ltd.

Industrial Abrasives Ltd

New Diamond Technology

Soham Industrial Diamonds

Swarovski AG

Zhengzhou Sino-Crystal Diamond Co. Ltd.

Synthetic diamonds are man-made or laboratory-grown diamonds generally manufactured by subjecting graphite under high-pressure, high-temperature (HPHT) and chemical vapor deposition (CVD) methods.

They are widely used as hard coatings for industrial equipment, such as wire-drawing dies, quarrying saws, grinding wheels, machine tools, and mining drills. Unlike natural diamonds, synthetic diamonds are produced under precisely regulated circumstances, have fewer flaws, and exhibit limited indications of strain in their crystal structure.

Apart from this, they exhibit hardness, electron mobility, and thermal conductivity, due to which they find extensive applications across the construction, electronics, mining, and oil and gas industries.

Significant growth in the electronics industry across the globe is creating a positive outlook for the market. Synthetic diamonds are widely used in high-power switches at power plants, high-frequency field-effect transistors, and light-emitting diodes (LEDs). In line with this, the widespread product adoption in telecommunications, due to its high refractive index with minimized information loss during high-level-security signal transmission, is favoring the market growth.

Apart from this, synthetic diamonds are sustainable and free of unethical mining, which, in turn, is providing an impetus to the market growth. Furthermore, the extensive product utilization in various industrial applications, such as manufacturing machines and computer chips, mining, medical procedures, space science, and stone cutting, is acting as another growth-inducing factor.

Besides this, the growing popularity of synthetic diamonds as an alternative to natural diamonds owing to their eco-friendliness, rising disposable incomes of consumers, and widespread product incorporation in UV (ultraviolet) light or high-energy particle detectors are anticipated to drive the market toward growth.

Key Questions Answered in This Report

1. What was the size of the global synthetic diamond market in 2022?2. What is the expected growth rate of the global synthetic diamond market during 2023-2028?3. What are the key factors driving the global synthetic diamond market?4. What has been the impact of COVID-19 on the global synthetic diamond market?5. What is the breakup of the global synthetic diamond market based on the manufacturing process?6. What is the breakup of the global synthetic diamond market based on the application?7. What are the key regions in the global synthetic diamond market?8. Who are the key players/companies in the global synthetic diamond market?

Key Topics Covered: 1 Preface2 Scope and Methodology3 Executive Summary4 Introduction4.1 Overview4.2 Key Industry Trends5 Global Synthetic Diamond Market5.1 Market Overview5.2 Market Performance5.3 Impact of COVID-195.4 Market Forecast6 Market Breakup by Type6.1 Polished6.1.1 Market Trends6.1.2 Market Forecast6.2 Rough6.2.1 Market Trends6.2.2 Market Forecast7 Market Breakup by Manufacturing Process7.1 High Pressure High Temperature7.1.1 Market Trends7.1.2 Market Forecast7.2 Chemical Vapor Deposition7.2.1 Market Trends7.2.2 Market Forecast8 Market Breakup by Application8.1 Gem8.1.1 Market Trends8.1.2 Market Forecast8.2 Heat Sinks and Exchangers8.2.1 Market Trends8.2.2 Market Forecast8.3 High-End Electronics8.3.1 Market Trends8.3.2 Market Forecast8.4 Laser and X-Ray8.4.1 Market Trends8.4.2 Market Forecast8.5 Machining and Cutting Tools8.5.1 Market Trends8.5.2 Market Forecast8.6 Surgical Machinery8.6.1 Market Trends8.6.2 Market Forecast8.7 Water Treatment8.7.1 Market Trends8.7.2 Market Forecast8.8 Medical8.8.1 Market Trends8.8.2 Market Forecast8.9 Optical8.9.1 Market Trends8.9.2 Market Forecast8.10 Others8.10.1 Market Trends8.10.2 Market Forecast

9 Market Breakup by Region

10 SWOT Analysis

11 Value Chain Analysis12 Porters Five Forces Analysis13 Price Analysis14 Competitive Landscape14.1 Market Structure14.2 Key Players14.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/tc3lys

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