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Synthetic diamond is usually produced by subjecting graphite to very high temperatures and pressures. Synthetic diamond resembles natural diamond in most fundamental properties, retaining the extreme hardness, broad transparency (when pure), high thermal conductivity, and high electrical resistivity for which diamond is highly prized. Because synthesis is an expensive process, large stones of gem quality are rarely made. Instead, most synthetic diamond is produced as grit or small crystals that are used to provide hard coatings for industrial equipment such as grinding wheels, machine tools, wire-drawing dies, quarrying saws, and mining drills. In addition, diamond films can be grown on various materials by subjecting carbon-containing gas to extreme heat, and those layers can be used in cutting tools, windows for optical devices, or substrates for semiconductors.
LPI (LP Information)' newest research report, the "Synthetic Diamond Industry Forecast" looks at past sales and reviews total world Synthetic Diamond sales in 2022, providing a comprehensive analysis by region and market sector of projected Synthetic Diamond sales for 2023 through 2029. With Synthetic Diamond sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Synthetic Diamond industry.
This Insight Report provides a comprehensive analysis of the global Synthetic Diamond landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Synthetic Diamond portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Synthetic Diamond market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Synthetic Diamond and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Synthetic Diamond.
The global Synthetic Diamond market size is projected to grow from US$ 1937.6 million in 2022 to US$ 3442.7 million in 2029; it is expected to grow at a CAGR of 3442.7 from 2023 to 2029.
Global key players of synthetic diamond include Element Six, Zhongnan Diamond, Huanghe Whirlwind, Diamond Foundry , Sino-Crystal Diamond, etc. The top five players hold a share about 73%. China is the largest producer, has a share about 87%, followed by Europe and North America, with share 5% and 4%, respectively. The largest market is Asia-Pacific, with a share about 47%, followed by North America and Europe, with share 30% and 17%, separately.
This report presents a comprehensive overview, market shares, and growth opportunities of Synthetic Diamond market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
- HPHT
- CVD
Segmentation by application
- Construction Material
- Machining and Cutting Tools
- Diamond
- Others
The below companies that are profiled
- Americas
- - United States
- - Canada
- - Mexico
- - Brazil
- APAC
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- Europe
- - Germany
- - France
- - UK
- - Italy
- - Russia
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
- Element Six
- Zhongnan Diamond
- Huanghe Whirlwind
- Diamond Foundry
- Sino-Crystal Diamond
- Ningbo Crysdiam Technology
- IIa Technologies
- Henan Liliang Diamond
- ILJIN Diamond
- Sumitomo Electric Industries
- Shanghai Zhengshi Technology
- CR GEMS
- Anhui Hongjing New Materials
- Henan Yalong Superhard Materials
Key Questions Addressed in this Report
What is the 10-year outlook for the global Synthetic Diamond market?
What factors are driving Synthetic Diamond market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Synthetic Diamond market opportunities vary by end market size?
How does Synthetic Diamond break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?