Nanodiamond Market: Nano-sized Diamond for Lubricating and Abrasion & Coating Applications

  • Nanodiamond, also known as detonation diamonds, are fine particles of diamond having particle size in nanometers. In terms of chemical property and performance, nanodiamonds are completely different from naturally occurring diamonds.
  • Nanodiamond is the composite material that is composed of a diamond core, amorphous carbon layer, and an oxygen functional group. They are commonly used as additives for lubricants, coatings, and abrasives.
  • Nanodiamond is one of the hardest materials with high thermal conductivity. Most manufacturers have invested in research & developmental activities and commercial production of nanodiamonds owing to their excellent mechanical, optical, chemical, and thermal properties.
  • Nanodiamond is manufactured using chemical methods such as chemical vapor deposition (CVD) and detonation. Manufacture of nanodiamond using the detonation method is highly preferred due to the low production cost of the process compared to chemical vapor deposition.
  • Wide range of applications of nanodiamond include precision processing and polishing, polymer compounds, grease & lubrication, drug delivery, bio-imaging, tissue engineering applications, coatings, thermal management, catalysts, and composite materials. The high surface area of nanodiamond and the micro-rough surface particles make nanodiamond ideal for coatings and polishing applications. 

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Rise in Demand from Biomedical Industry to Drive Market

  • Rise in demand for nanodiamond in the biomedical sector is considered a key factor driving the global nanodiamond market. High biocompatibility is the key benefit of using nanodiamond in biomedical applications. In the biomedical industry, nanodiamond is employed in applications such as drug delivery, gene therapy, tissue engineering, bio-imaging, and protein isolation.
  • Nanodiamond with unique structure and surface, and high chemical stability, can be used in diverse biological applications such as bio-probes, bio-labeling, and cancer therapeutics. Use of nanodiamond as MRI (Magnetic Resonance Image) contrasting agent is anticipated to boost the demand for nanodiamond in the near future.
  • Biomedical devices made of nanodiamond offer high hardness, chemical inertness, thermal conductivity, and low toxicity. Nanodiamond can be used as coating material for implants and surgery tools.
  • Use of nanodiamond in disease diagnosis applications is also on the rise. Nanodiamond can be used for imaging and tracking of human stem cells. Thus, it can be used in disease detection.
  • Chemical inertness and resistance to photo bleaching are distinct parameters that drive the usage of nanodiamond in the biomedical sector 

Mechanical Applications to Offer Attractive Opportunities

  • Increase in consumption of lubricating oil and grease in the automobile industry is anticipated to offer lucrative opportunities for the nanodiamond market, as it can be used as additives in various lubricating oils. Nanodiamond is able to reduce the frictional coefficient of the coating significantly.
  • Nanodiamond helps in removal of micro-notches and significantly reduces friction. Incorporation of nanodiamond in lubricating oils and greases helps improve power, reduce noise, and decrease exhaust gas emission.
  • Nanodiamond suspensions are highly used in electroplating applications. Use of nanodiamond as the additives in galvanic electrolytes significantly improves mechanical properties of coated surfaces
  • Emerging use of nanodiamond in anti-friction and wear coating applications is likely to provide lucrative opportunities to the nanodiamond market
  • Use of nanodiamond in various polishing compositions such as pastes, gels, and slurries for smooth finishing of gems, ceramics, glass, and silicon wafers is projected to offer opportunities to the nanodiamond market
  • Rise in usage of nanodiamond as reinforcement in rubber, resins, plastics, Teflon, and metals is also estimated to create opportunities for the nanodiamond market 

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Rise in Consumption of Substitute Nanomaterials to Hamper Market

  • Nanomaterials such as nano-silica, graphene, carbon nanotubes, fullerenes, and carbon nanohorns are already established in the market and are highly used in mechanical and biomedical applications. Thus, high threat from alternative nanomaterials is expected to restrain the nanodiamond market.
  • Improper functionalization of nanodiamond with coating materials can lead to agglomeration and can negatively affect the mechanical properties of the coatings. This can restrain the expansion of nanodiamond market during the forecast period 

Asia Pacific Projected to Hold Significant Share of Global Nanodiamond Market

  • In terms of region, the global nanodiamond market can be split into five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Asia Pacific is anticipated to account for prominent share of the global nanodiamond market owing to the rise in demand for nanodiamonds in biomedical and automotive sectors
  • Significant presence of lubricating oil and grease manufacturers as well as medical OEM manufacturers is anticipated to boost the consumption of nanodiamond in Asia Pacific
  • Increase in demand for lubricants and abrasives owing to the highly attractive automotive and industrial sectors is estimated to fuel the demand for nanodiamond in the region
  • Rise in demand for nanodiamond in applications such as change-transfer catalyst, laser-initiating explosives, sintering compacts, plasma-sprayed metal-diamond coatings, precursors for CVD, and hydrogen power is projected to propel the demand for nanodiamond in Asia Pacific 

Key Players in Market

The global nanodiamond market is moderately concentrated, with the top manufacturers accounting for major share. Prominent players operating in the global nanodiamond market seek to enter into partnerships for the development of nanodiamond applications and commercialization of its technology.

Key players operating in the nanodiamond market include:

  • Ray Techniques Ltd
  • Kerridge Commercial Systems Limited
  • Daicel Corporation
  • Adámas Nanotechnologies
  • Columbus NanoWorks Inc
  • NVISION IMAGING Technologies GmbH
  • NanoCarbon Institute Co., Ltd.

Global Nanodiamond Market: Research Scope 

Global Nanodiamond Market, by Application

  • Precision Process & Polishing
  • Polymer Compounds
  • Grease & Lubrication
  • Drug Delivery
  • Bioimaging
  • Tissue Engineering
  • Coatings
  • Thermal management
  • Other (including Composite Materials and Quantum Devices) 

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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Nanodiamond Market

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