Exploration Diamond Drilling Market– Opportunities in Key Application Sectors by 2025

MarketResearchReports.Biz announces addition of new report "Exploration Diamond Drilling Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025" to its database.

The main objective of this report is to define, describe, and forecast the global “Exploration Diamond Drilling” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

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Diamond core drilling is widely used as a diamond bit. Diamond drill bit is composed of small and industrial grade diamonds. Exploration of diamond drilling is different than other geological drilling. The drill uses a diamond encrusted drill bit to drill over the hard rock. Hard rock in drilling is around 7 to 8 on Mohs scale, where Mohs hardness scale shows the relative hardness of various minerals. Mohs hardness scale consists of numbers 1 to 10, wherein 10 is the hardest and 1 is the softest. Hard rock includes gneiss, jasperite, quartzite, and taconite.

Diamond drilling offers significant benefits over conventional drilling. Under this technique, cutting is more accurate than other techniques. It also reduces the chance of damage. This is driving the exploration diamond drilling market. The equipment is highly portable and lightweight and can be used in situations where space is at premium. Furthermore, diamond drilling technique can be carried out in any location without fear of producing excess noise. This is also expected to be one of the key drivers of the exploration diamond drilling market. On the other hand, the size of the drill bits limits the hole size (1500mm). This is anticipated to hamper the market. However, this factor can be negated using a technique called stitch drilling. The De Beers Corporation, a key producer of mined diamond, announced that it had develop a synthetic meter detector that can automatically check authenticity of large volumes of small diamonds.

The exploration diamond drilling market can be segmented based on drilling type, technique, mine type, end-use industry, and region. In terms of drilling type, the market can be bifurcated into rotary drilling and wireline drilling. Wireline drilling is used for solid core sampling, while rotary drilling is used primarily for bore hole drilling. Based on mine type, the market can be segregated into open pit mines and closed pit mines. In terms of end-use industry, the market can be split into industrial and construction. Based on technique, the market can be divided into stitch drilling and underwater diamond drilling. Stich drilling technique overcomes the issue of size of drill bit during exploration of diamond drilling, as diamond bits usually do not come bigger than 1500mm. This makes it difficult to drill large holes. Stich drilling is used primarily when a site is too small for other methods of cutting. Diamond drilling is also suitable for underwater usage, such as working on water treatment facilities or off-shore platforms.

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Based on region, the exploration diamond drilling market can be segmented into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Asia Pacific is the key region of the exploration diamond drilling market, followed by North America and Europe. Russia is the leading diamond production country in the world. ALROSA Group dominates the total diamond production in the Russian Federation. Major mining companies are involved in mining diamonds in key producing countries, the exception being Zimbabwe and the Democratic Republic of the Congo (DRC) in Africa, where diamond deposits are industrialized by prospectors and small companies. The mined diamond market is expected to contract at a sluggish pace, as existing mines get depleted and no major new deposits reserves are found. Thus, the supply of mined diamond is also expected to decline.

Key players operating in the global exploration diamond drilling market include Rodren Drilling, Adamas Drilling and Exploration, Hilti, BOSUN, Atlas Copco, and Diaset.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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