Synthetic Diamond Market
Synthetic Diamond Market (Product: Bort, Dust, Grit, Powder, and Stone; Type: Polished and Rough; Manufacturing Process : High Pressure High Temperature (HPHT) and Chemical Vapor Deposition (CVD); Application: Gem, Heat Sinks/Exchangers, High-end Electronics, Laser & X-ray, Machine and Cutting Tools, Surgical Machinery, Water Treatment, Quantam Computing, Optical, Sensors & Scanning, Medical, and Electricals) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027
- Chemicals & Materials
- 460 Pages
Global Synthetic Diamond Market: Snapshot
Synthetic diamonds are laboratory-developed or research center created diamond, its chemical and physical properties look like to those of actual diamonds. Synthetic diamonds (laboratory -developed diamonds) are otherwise called cultured or cultivated diamonds. These are fabricated in the research facility by utilizing chemical vapor deposition (CVD) or high pressure high temperature (HPHT) forms.
The synthetic diamond market is divided based on the manufacturing process, product, application, type, and region. In terms of product, the market is segmented into dust, powder, bort, grit, and stone. On the basis of manufacturing process, the market is categorized as chemical vapor deposition (CVD) and high pressure high temperature (HPHT). According to the type, market is classified into rough and polished. On the basis of application, the market is segmented as heat sinks / exchangers, gem, high-end electronics, machining and cutting tools, laser & X-ray, surgical machinery, quantum computing, medical, water treatment, optical, sensors & scanning, and electrical.
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Rise in Industrial Usage of Synthetic Diamonds to Contribute in Market Growth
Synthetic diamonds display properties like real diamonds; thus, they are generally used in end-use enterprises which utilized diamonds. Surging demand regarding synthetic diamond in industrial usage will help the market of synthetic diamond. Synthetic diamonds are generally used in PC chip creation, machine production, construction, mining activities, (for example, boring for minerals), stone cleaning and cutting, gem exploration, medical procedure, experimental physics, space science, and electronics. Synthetic diamonds are additionally known for the utilization in oil and gas drills, since no other compound is fit for dealing with harsh situations. Synthetic diamond-based items are being utilized in household and industrial water treatment as well. Polycrystalline CVDs are a main segments in high-end amplifiers. Synthetic diamond locators of bright light particles are utilized at high-energy analysis services and are industrially accessible.
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Rising Emphasis on Gem-Quality to Bolster Demand in Market
In 2018, Asia Pacific accounted for the highest share of the global synthetic diamond market. Development of the region is fundamentally attributed to the advancement of industrial and gem sector, particularly in Japan, China, and India. As far as value is concerned, in 2018, Asia Pacific region was assessed to hold for over 45% of the share of the global synthetic diamond market. Purchasers in India principally go around gem-quality diamonds for adornments, while the shoppers China are increasing analysis for using synthetic diamonds in advanced innovations. In Japan, diamond wafer group delivers thin yet wide CVD diamond plates. These plates can turn into the reason for future electronic gadgets. As a result of these factors, Asia Pacific is anticipated to be among the most developing market during the forecast period.
The synthetic diamond market in the Middle East and Africa is foreseen to grow within the forecast period because of the development of the synthetic diamond sector in the region, and usage of innovation to test synthetic diamonds by the best diamond delivering mines in Africa, for example, De Beers. However, Asia Pacific records the maximum share of the global synthetic diamond market, trailed by Europe and North America. This pattern is foreseen to keep going in the future years as well.
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Key Players in the Global Synthetic Diamond Market
Some of the major players operating in the synthetic diamond market are
- Applied Diamond Inc.
- Element Six (E6)
- New Diamond Technology, LLC
- Sandvik AB
- HEYARU GROUP
- ILJIN co., ltd.
- Zhengzhou Sino-Crystal Diamond Co.Ltd.
- Henan Huanghe Whirlwind.
Global Synthetic Diamond Market: Recent Developments
- In December 2018, Heyaru Engineering announced that the company has invested 26 Million Euros in a company that will make synthetic diamonds in Lommel. The company had also planned to expand its site in Lommel over the next five to ten years to make it the largest ‘diamond factory’ in Europe.
Synthetic Diamond Market - Snapshot
Synthetic diamond (also referred to as laboratory-grown diamond, laboratory-created diamond, or cultured diamond) is a diamond made of the same material as natural diamonds: pure carbon, crystallized in an isotropic 3D form. Synthetic diamonds are different from both natural diamond, which is created by geological processes, and diamond simulant, which is made of non-diamond material. Traditionally, the absence of crystal flaws is considered to be the most important quality of a diamond. Purity and high crystalline perfection make synthetic diamonds transparent and clear, whereas its hardness, optical dispersion (luster), and chemical stability (combined with marketing), make it a popular gemstone.
The properties of synthetic diamond depend on the manufacturing process. However, some synthetic diamonds (whether formed by HPHT or CVD) have properties such as hardness, thermal conductivity and electron mobility that are superior to those of most naturally formed diamonds. Synthetic diamond is widely used in abrasives, in cutting and polishing tools and in heat sinks. Electronic applications of synthetic diamond are being developed, including high-power switches at power stations, high-frequency field-effect transistors and light-emitting diodes. Synthetic diamond detectors of ultraviolet (UV) light or high-energy particles are used at high-energy research facilities and are available commercially. Because of its unique combination of thermal and chemical stability, low thermal expansion and high optical transparency in a wide spectral range, synthetic diamond is becoming the most popular material for optical windows in high-power CO2 lasers and gyrotrons. It is estimated that 98% of industrial grade diamond demand is supplied with synthetic diamonds.
There are several methods used to produce synthetic diamonds. The original method uses high pressure and high temperature (HPHT) and is still widely used because of its relatively low cost. The process involves large presses that can weigh hundreds of tons to produce a pressure of 5 GPa at 1500 °C. The second method, using chemical vapor deposition (CVD), creates a carbon plasma over a substrate onto which the carbon atoms deposit to form diamond. Other methods include explosive formation (forming detonation nano-diamonds) and sonication of graphite solutions.
Synthetic Diamond Market – Scope of the Report
Transparency Market Research’s recent report on the global synthetic diamond market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the global synthetic diamond market analyzes the market scenario for the period from 2018 to 2027, wherein 2018 is the base year. This report enables readers to make important decisions with regard to their business, with the help of a wealth of information enclosed in the study.
This TMR study on the global synthetic diamond market also provides data on developments made by important players and stakeholders operating in the market, along with competition analysis. The report also provides an understanding of strengths, weaknesses, threats, and opportunities, along with market trends and restraints in the competition landscape section.
This study also discusses the underlying trends and the impact of various factors on the global synthetic diamond market along with their influence on evolution of the market
This study also offers Porter’s five forces analysis, value chain analysis, and regulatory scenario of the global synthetic diamond market, in order to elaborate crucial growth strategies of and opportunities for players operating in the market
Key Questions Answered in Global Synthetic Diamond Market Report
- How much value does the global synthetic diamond market is expected to reach by the end of the forecast period?
- Which segment currently account for the maximum share of the global synthetic diamond market?
- What are the key factors expected to drive the global synthetic diamond market?
- Which region is likely to be a lucrative market for synthetic diamond during the forecast period?
- What are the essential strategies adopted by key players operating in the global synthetic diamond market to expand their geographical presence?
- What are major advancements in the global synthetic diamond market?
This report answers these questions about the global synthetic diamond market, aiding major stakeholders and key players in making the right decisions and strategizing for growth of their business
Global Synthetic Diamond Market: Research Methodology
This TMR report on the global synthetic diamond market is based on a complete and comprehensive evaluation of the market, backed by secondary and primary sources. The competition scenario of the global synthetic diamond market is supported by an assessment of different factors that influence the market on a minute and granular level. By thoroughly analyzing the historical data and the current trends, researchers of the global synthetic diamond market arrived at predictions and estimations, and calculated the market forecast.
This report uses an analytical triangulation method to estimate the numbers of the global synthetic diamond market, by using both bottom-up and top-down approaches
This detailed assessment of the global synthetic diamond market, along with an overview of the market, is provided based on a careful examination of avenues related to the market. Analysts’ conclusions on how the global synthetic diamond market is set to expand are based on carefully vetted primary and secondary sources.
Global Synthetic Diamond Market: Segmentation
This report on the global synthetic diamond market provides segmentation of the market based on product, type, manufacturing process, application, and region