Global Diamond Coatings Market: Introduction

Diamond coatings have gained a large amount of attention due to their mechanical, electric, and optical properties. Some of the major benefits include high thermal conductivity, low coefficient of friction, maximum surface hardness, and exceptional wear properties. In terms of application, diamond coatings offer an excellent solution for a wide range of surface performance issues.

Diamond Coatings Market: Segmentation

Based on process used, the diamond coatings market can be segmented into CVD (chemical vapor deposition) and PVD (physical vapor deposition). Chemical vapor deposition was the major process segment of the diamond coatings market in 2017 and is likely to remain the dominant segment between 2018 and 2026. Low cost and ability to coat in various shapes is a factor driving the demand for chemical vapor deposition. Diamond coatings are used on surfaces of various materials. In terms of substrate, the diamond coatings market can be classified into composite substrates, metal substrates, and ceramic substrates. Metal substrates was the major segment in 2017 and is projected to continue its dominance during the forecast period. Steel is a major metal which is used to manufacture various components for different industrial applications. This is a key factor that drives the demand for diamond coatings.

However, rising use of composites, especially in aerospace, automotive, and other industries is anticipated to make composite substrates a highly lucrative segment during the forecast period. Based on end-user industry, the diamond coatings market can be segmented into automotive, aerospace, industrial, medical, electronics, and others. Automotive was the leading end-user industry segment of the market for diamond coatings in 2017 and is likely to remain the dominant segment during the forecast period also, followed by the electronics segment.

Cutting tools are highly used to manufacture various automotive components. Growth of the automotive industry, especially in Asia Pacific, is likely to propel the demand for diamond coatings in the automotive segment from 2018 to 2026. Diamond coatings have high thermal and electric conductivity, which makes it a unique material for electric and electronic products. This is a key factor augmenting the demand for diamond coatings in the electronics segment.

Diamond Coatings Market: Region-wise Outlook

Based on region, the global diamond coatings market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of consumption, Asia Pacific accounted for a significant share of the global diamond coatings market in 2017. This trend is likely to continue during the forecast period also. The diamond coatings market in Asia Pacific is expected to expand at a significant rate during the forecast period. Presence of well-established end-user industries such as electronics and automotive fuels the demand for diamond coatings in Asia Pacific.

Increase in investments in component manufacturing, followed by medical devices, in countries such as China and India is anticipated to propel the demand for diamond coatings in these countries between 2018 and 2026. Europe is projected to follow Asia Pacific in the market for diamond coatings between 2018 and 2026. Europe is likely to be followed by North America during the forecast period. Europe and North America are mature markets. The markets in these regions are expected to expand at a moderate growth rate during the forecast period. The markets in Latin America and Middle East & Africa are anticipated to expand at a sluggish pace during the forecast period.

Diamond Coatings Market: Key Players

A large number of companies operate in the global diamond coatings market. Several regional and local service providers are providing diamond coating solutions to various end-user industries. Some of the major companies operating in the global diamond coatings market are Diamond coatings, D-Coat GmbH, SP3 Diamond Technologies, United Protective Technologies, JCS Technologies, Blue Wave Technologies, and Sandvik Hyperion. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Diamond Coatings Market

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