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The global Synthetic Diamond market size is expected to reach $ 3469.1 million by 2029, rising at a market growth of 7.9% CAGR during the forecast period (2023-2029).
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.
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.
This report studies the global Synthetic Diamond production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Synthetic Diamond, and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2022 as the base year. This report explores demand trends and competition, as well as details the characteristics of Synthetic Diamond that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Synthetic Diamond total production and demand, 2018-2029, (Million Carats)
Global Synthetic Diamond total production value, 2018-2029, (USD Million)
Global Synthetic Diamond production by region & country, production, value, CAGR, 2018-2029, (USD Million) & (Million Carats)
Global Synthetic Diamond consumption by region & country, CAGR, 2018-2029 & (Million Carats)
U.S. VS China: Synthetic Diamond domestic production, consumption, key domestic manufacturers and share
Global Synthetic Diamond production by manufacturer, production, price, value and market share 2018-2023, (USD Million) & (Million Carats)
Global Synthetic Diamond production by Type, production, value, CAGR, 2018-2029, (USD Million) & (Million Carats)
Global Synthetic Diamond production by Application production, value, CAGR, 2018-2029, (USD Million) & (Million Carats)
This reports profiles key players in the global Synthetic Diamond market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Element Six, Zhongnan Diamond, Huanghe Whirlwind, Diamond Foundry, Sino-Crystal Diamond, Ningbo Crysdiam Technology, IIa Technologies, Henan Liliang Diamond and ILJIN Diamond, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Synthetic Diamond market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (Million Carats) and average price (US$/K Carats) by manufacturer, by Type, and by Application. Data is given for the years 2018-2029 by year with 2022 as the base year, 2023 as the estimate year, and 2024-2029 as the forecast year.
Global Synthetic Diamond Market, By Region:
- United States
- China
- Europe
- Japan
- South Korea
- ASEAN
- India
- Rest of World
Global Synthetic Diamond Market, Segmentation by Type
- HPHT
- CVD
Global Synthetic Diamond Market, Segmentation by Application
- Construction Material
- Machining and Cutting Tools
- Diamond
- Others
Companies Profiled:
- 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 Answered
1. How big is the global Synthetic Diamond market?
2. What is the demand of the global Synthetic Diamond market?
3. What is the year over year growth of the global Synthetic Diamond market?
4. What is the production and production value of the global Synthetic Diamond market?
5. Who are the key producers in the global Synthetic Diamond market?
6. What are the growth factors driving the market demand?