Global Synthetic Diamond Market 2018-2023
Diamond produced through an artificial process is a synthetic diamond. It is also known as artificial diamond, cultured diamond, or cultivated diamond.
(EMAILWIRE.COM, May 01, 2018 ) Diamond produced through an artificial process is a synthetic diamond. It is also known as artificial diamond, cultured diamond, or cultivated diamond. On the basis of manufacturing process, synthetic diamond is classified into: high-pressure high-temperature (HPHT) diamond or chemical vapor deposition (CVD) diamond. Synthetic diamond market is expected to witness healthy growth, due to its increasing demand in industries, such as electronics, construction, mining, and healthcare. Asia-Pacific is the largest market for synthetic diamonds, and it is estimated to register a CAGR of 8.21% during the forecast period, due to the rapid growth in manufacturing and construction sectors in the region.
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Increasing Application in Electronic Devices
In terms of revenue, electronics segment contributes almost 25% of the synthetic diamond market. The chemical and physical properties of synthetic diamond, such as exceptional thermal conductivity, high resistance to thermal shock, widest optical transparency window, wide band gap, chemical inertness, high electrical carrier mobility, electric insulation, hardness, and excellent mechanical properties, have made it widely useful for application in electronic devices. High thermal conductivity serves as an effective heat dissipater, and makes it widely useful in the production of semiconductors, which are further used in electronic devices, such as laptops, computers, and mobiles. Presently, CVD diamond is extensively used in designing chips, as it helps reduce operating temperatures, extends operating life, and improves reliability of electronic devices. The increasing demand for electronics, primarily the increasing sales of semiconductors, is likely to boost the demand for synthetic diamonds during the forecast period.
Read details of the report at: http://orbisresearch.com/reports/index/global-synthetic-diamond-market-analysis-of-growth-trends-and-forecasts-2018-2023
Increasing Demand from the Super Abrasives Industry
Super abrasives are tools used in precision grinding. Synthetic diamond is used in super abrasive grinding wheels, due to its suitable properties, such as hardness, unparalleled performance, and longevity. Today, various industries, like automotive, electronics, oil & gas, and construction, have been installing Computer Numerical Control (CNC) machines to reduce the need for skilled labor. Super abrasives are extensively used in manufacturing grinding wheels for Computer Numerical Control (CNC) machines.
Moreover, increasing usage of grinding wheels, cutting tools, files, dressing tools, etc., in the automotive industry achieve better finish. High performance of vehicles is driving the demand for super abrasives. Super abrasives are also used to process semiconductor materials, ceramics, carbide alloys, copper and copper alloys, aluminum, resin, and rubber. Hence, with increasing usage of super abrasives, the demand for synthetic diamonds for manufacturing super abrasives is likely to increase in the coming years.
Asia-Pacific to Dominate the Market Growth
Asia-Pacific is the largest market for synthetic diamonds, followed by North America and Europe. Growing industrialization and manufacturing activities are likely to fuel the growth of the market in Asia-Pacific, during the forecast period. Along with this, rebound of the manufacturing industry and increasing shale gas exploration activities, lead to increase in the demand for CNC machines, and drilling & mining tools are likely to boost the demand for the synthetic diamond market in the coming years.
Key Developments in the Market
December 2017: KKR announced the acquisition of Hyperion, a leading manufacturer of industrial tool components, from Sandvik.
Major Players: CRYSTALLUME CORPORATION, ELEMENT SIX, ILJIN DIAMOND, NEW DIAMOND TECHNOLOGY, APPLIED DIAMOND INC., CENTAURUS TECHNOLOGIES INC. , amongst others
Reasons to Purchase this Report
Analyze the impact of the growing electronics sector on the synthetic diamond market
Analyze various perspectives of the market with the help of Porter’s five forces analysis
Identify the key end-user likely to dominate the market
Identify the region expected to witness fastest growth rate during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3 months analyst support, along with the Market Estimate sheet (in excel).
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.
Companies Mentioned:
AOTC, Applied Diamond Inc., Centaurus Technologies, Inc., Crystallume, D.NEA, Element Six, ILJIN Diamond, New Diamond Technology, LLC, Pure Grown Diamonds, Sandvik AB, Scio Diamond Technology Corporation, Sumitomo Electric Industries, Tomei Diamond Co., Ltd., Washington Diamonds Corporation
Enquire more details of the report: http://orbisresearch.com/contact/purchase/2095349
About Us:
orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.
Request sample copy of Synthetic Diamond Market at: http://orbisresearch.com/contacts/request-sample/2095349
Increasing Application in Electronic Devices
In terms of revenue, electronics segment contributes almost 25% of the synthetic diamond market. The chemical and physical properties of synthetic diamond, such as exceptional thermal conductivity, high resistance to thermal shock, widest optical transparency window, wide band gap, chemical inertness, high electrical carrier mobility, electric insulation, hardness, and excellent mechanical properties, have made it widely useful for application in electronic devices. High thermal conductivity serves as an effective heat dissipater, and makes it widely useful in the production of semiconductors, which are further used in electronic devices, such as laptops, computers, and mobiles. Presently, CVD diamond is extensively used in designing chips, as it helps reduce operating temperatures, extends operating life, and improves reliability of electronic devices. The increasing demand for electronics, primarily the increasing sales of semiconductors, is likely to boost the demand for synthetic diamonds during the forecast period.
Read details of the report at: http://orbisresearch.com/reports/index/global-synthetic-diamond-market-analysis-of-growth-trends-and-forecasts-2018-2023
Increasing Demand from the Super Abrasives Industry
Super abrasives are tools used in precision grinding. Synthetic diamond is used in super abrasive grinding wheels, due to its suitable properties, such as hardness, unparalleled performance, and longevity. Today, various industries, like automotive, electronics, oil & gas, and construction, have been installing Computer Numerical Control (CNC) machines to reduce the need for skilled labor. Super abrasives are extensively used in manufacturing grinding wheels for Computer Numerical Control (CNC) machines.
Moreover, increasing usage of grinding wheels, cutting tools, files, dressing tools, etc., in the automotive industry achieve better finish. High performance of vehicles is driving the demand for super abrasives. Super abrasives are also used to process semiconductor materials, ceramics, carbide alloys, copper and copper alloys, aluminum, resin, and rubber. Hence, with increasing usage of super abrasives, the demand for synthetic diamonds for manufacturing super abrasives is likely to increase in the coming years.
Asia-Pacific to Dominate the Market Growth
Asia-Pacific is the largest market for synthetic diamonds, followed by North America and Europe. Growing industrialization and manufacturing activities are likely to fuel the growth of the market in Asia-Pacific, during the forecast period. Along with this, rebound of the manufacturing industry and increasing shale gas exploration activities, lead to increase in the demand for CNC machines, and drilling & mining tools are likely to boost the demand for the synthetic diamond market in the coming years.
Key Developments in the Market
December 2017: KKR announced the acquisition of Hyperion, a leading manufacturer of industrial tool components, from Sandvik.
Major Players: CRYSTALLUME CORPORATION, ELEMENT SIX, ILJIN DIAMOND, NEW DIAMOND TECHNOLOGY, APPLIED DIAMOND INC., CENTAURUS TECHNOLOGIES INC. , amongst others
Reasons to Purchase this Report
Analyze the impact of the growing electronics sector on the synthetic diamond market
Analyze various perspectives of the market with the help of Porter’s five forces analysis
Identify the key end-user likely to dominate the market
Identify the region expected to witness fastest growth rate during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3 months analyst support, along with the Market Estimate sheet (in excel).
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.
Companies Mentioned:
AOTC, Applied Diamond Inc., Centaurus Technologies, Inc., Crystallume, D.NEA, Element Six, ILJIN Diamond, New Diamond Technology, LLC, Pure Grown Diamonds, Sandvik AB, Scio Diamond Technology Corporation, Sumitomo Electric Industries, Tomei Diamond Co., Ltd., Washington Diamonds Corporation
Enquire more details of the report: http://orbisresearch.com/contact/purchase/2095349
About Us:
orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.
Contact Information:
Orbis Research
Hector Costello
Tel: +1 (214) 884-6817
Email us
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Orbis Research
Hector Costello
Tel: +1 (214) 884-6817
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results