The latest research study “Synthetic Diamond Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global synthetic diamond market size reached US$ 13.73 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 21.6 Billion by 2027, exhibiting a growth rate (CAGR) of 7.70% during 2022-2027.
Synthetic diamonds are laboratory-grown or man-made diamonds that are generally manufactured by exposing graphite to high-pressure, high-temperature (HPHT), and chemical vapor deposition (CVD) processes. They are used as hard coatings for industrial equipment such as grinding wheels, machine tools, wire-drawing dies, quarrying saws, and mining drills. They have fewer flaws and show fewer signs of strain in their crystal structure than natural diamonds. They possess excellent thermal conductivity, electron mobility, and hardness. As a result, synthetic diamonds find extensive applications across the electronics, mining, construction, and oil and gas industries.
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Synthetic Diamond Market Trends and Drivers:
Synthetic diamonds are laboratory-grown or man-made diamonds that are generally manufactured by exposing graphite to high-pressure, high-temperature (HPHT), and chemical vapor deposition (CVD) processes. They are used as hard coatings for industrial equipment such as grinding wheels, machine tools, wire-drawing dies, quarrying saws, and mining drills. They have fewer flaws and show fewer signs of strain in their crystal structure than natural diamonds. They possess excellent thermal conductivity, electron mobility, and hardness. As a result, synthetic diamonds find extensive applications across the electronics, mining, construction, and oil and gas industries.
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Synthetic Diamond Market Report Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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 and Zhengzhou Sino-Crystal Diamond Co. Ltd.
The report has been segmented the market into following categories:
Breakup by Type:
- Polished
- Rough
Breakup by Manufacturing Process:
- High Pressure High Temperature
- Chemical Vapor Deposition
Breakup by Application:
- Gem
- Heat Sinks and Exchangers
- High-End Electronics
- Laser and X-Ray
- Machining and Cutting Tools
- Surgical Machinery
- Water Treatment
- Medical
- Optical
- Others
By Geography:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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