Global Synthetic Diamond Market to reach USD 19.87 Bn by 2029, emerging at a CAGR of 8% percent and forecast 2022-2029
Diamonds are used in the manufacture of electronic goods such as flat displays, medical equipment, and abrasives. The demand for synthetic stones in jewellery has skyrocketed. Increasing fashion awareness and trends, particularly in terms of decorated accessories, have resulted in the segment's expansion. The availability of relatively low-cost gemstone jewellery has transformed consumer purchasing preferences from natural to synthetically manufactured.
Global Synthetic Diamond Market Overview:
The Global Synthetic Diamond Market Research Report has conducted a thorough assessment of the present state, which includes definitions, classifications, applications, and the intricate structure of the industrial chain within the targeted sector. This study gives insights into the current market state, historical market performance, production and consumption rates, demand-supply dynamics, and revenue estimates for the projected term, all with unbiased and expert analysis. Notably, the report includes strategic aims and growth methods used by prominent players in this area. Mergers and acquisitions, business transactions, partnerships, collaborations, joint ventures, brand marketing, and product introductions are all part of this study. In conclusion, this study provides a thorough view of the sector's national and regional landscape.
Key Insights:
Global Synthetic Diamond Market Size is expected to reach US$ 19.87 Bn. by 2029, at a CAGR of 8% during the forecast period.
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COVID-19 Impact on Global Synthetic Diamond Market:
The Global Synthetic Diamond industry has bore the brunt of the COVID-19 pandemic, with far-reaching consequences. Production facilities were halted due to disruptions and manpower shortages. This issue resulted in a severe and protracted decrease in production utilisation, which was exacerbated by travel restrictions and facility closures that kept employees away from their workplaces, slowing the Global Synthetic Diamond market in 2020. The negative impacts of COVID-19 on this market, however, are predicted to be ephemeral, with a rapid comeback forecast by early 2021, driven by increased demand for Global Synthetic Diamond
Global Synthetic Diamond Market Drivers:
Rising abrasive demand in key end-use industries is likely to fuel total market demand. Industrial synthetic diamonds are primarily utilised as cutting, grinding, polishing, and lapping tools. Rising end-user demand, technological developments and innovation, and rising economies around the world.
Global Synthetic Diamond Market Segmentation:
Synthetic Diamond Market, by Product:
• Bort
• Dust
• Grit
• Powder
• Stone
Synthetic Diamond Market, by Application:
• Gem
• Heat Sinks/Exchangers
• High-end Electronics
• Laser & X-ray
• Machine and Cutting Tools
• Surgical Machinery
• Water Treatment
• Quantum Computing
• Optical
• Sensors & Scanning
• Medical
• Electricals
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Key Players:
This research report provides in-depth quantitative insights on market potential across numerous categories, as well as country-specific assessments for each covered area. The report examines the key market factors and is supplemented by detailed profiles of...
• Element Six (E6)
• Applied Diamond Inc.
• HEYARU GROUP
• Sandvik AB
• ILJIN
• Henan Huanghe Whirlwind
• Zhengzhou Sino-Crystal Diamond
• Advanced Diamond Solutions Inc.
• Industrial Abrasives Limited
• Novatek
• Morgan Technical Ceramics Diamonex
• Sumitomo Electric Scio Diamond Technology Corporation
• Worldwide Diamond Manufacturers Pvt. Ltd.
• Hebei Plasma Diamond.
• Henan Huanghe Whirlwind Co. Ltd
• SedKrist GmbH, Diamond Foundry Inc.
• New Diamond Era
• ILJIN co. Ltd.
• Crystallume
• CENTAURUS Technologies Inc.
• Washington Diamonds Corp.
• Pure Grown Diamonds
Regional Analysis:
The region section of the research also includes important market influencing factors and changes in market regulation that impact the market's current and future trends. Some of the primary variables utilised to assess the market scenario for various locales are new sales, replacement sales, national demographics, regulatory acts, and import-export tariffs. Furthermore, when offering forecast analysis of national data, the existence and availability of brands, as well as the challenges they face as a result of strong or weak competition from local and domestic brands, as well as the influence of sales channels, are considered.
Table Of Content:
1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources
3. Executive Summary: Global Synthetic Diamond Market Size, by Market Value (US$ Bn)
4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Porter’s Analysis
4.4. Value Chain Analysis
4.5. Market Risk Analysis
4.6. SWOT Analysis
4.7. Industry Trends and Emerging Technologies
4.8. Patent Registration
Key Questions Answered in the Global Synthetic Diamond Market Report are:
- Which segment emerged as the leading segment in the Global Synthetic Diamond Market?
- Which are the key players in the Global Synthetic Diamond market?
- What trends are likely to emerge in the Global Synthetic Diamond Market in the coming years?
- What will be the Global Synthetic Diamond market size by 2027?
- Which company held the largest share in the Global Synthetic Diamond Market in 2020?
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