Diamond-Like Carbon Market to Grow at Over 6% CAGR through 2025, Automotive Applications to Drive Growth

A new research study titled, “Diamond-like Carbon (DLC) Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017-2025” has been added to the comprehensive repository of Market Research Reports Search Engine (MRRSE). According to the research study, the global diamond-like carbon (DLC) market is likely to grow at a CAGR of over 6% during the assessment period.

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The research study on diamond-like carbon (DLC) market is an exhaustive source of information and analysis. The report offers key insights on the factors that are likely to drive the growth of the market during the assessment period. According to the research study, growing use of diamond-like carbon in automotive coatings and medical industry is likely to provide an impetus to demand during the assessment period.

The automotive industry has been witnessing steady growth over the years, on account of rising disposable income in emerging economies. There have been fluctuations in annual sales of automobiles, but the long-term outlook on the industry remains positive. China and India – two of the fastest growing economies in the world – are among the leading markets for automobiles globally. The steady growth of the automotive market in these countries is likely to provide an impetus to the growth of the market during the assessment period.

According to the business intelligence study, end-use industries are scouring for high-quality products that can be used in premium products. For example, the engines of expensive racing cars require wear-resistant and anti-corrosive coating, which is usually done with diamond-like carbon. The properties of diamond-like carbon are likely to make them a sought-after product in the market during the assessment period.

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Although the report has moderate forecast on the diamond-like carbon market, few factors can impede adoption during the assessment period. For example, the growing spate of regulations concerning the emission of carbon-dioxide is a challenge for manufacturers in the diamond-like carbon market. Although these regulations are beneficial for the environment in the long run, the short-term impact on the prospects of diamond-like carbon manufacturers is negative. These factors can challenge market growth during the assessment period.

According to the research study, the key players in the market are focusing on boosting their presence in emerging markets of the world. Some of the leading players in the market include Oerlikon Groups, Miba AG, Morgan Advanced Materials Plc, Wallwork Heat Treatment Ltd., IBC Coatings Technologies, Inc, Micromatter Technologies Inc, Acree Technologies, Inc, Norseld Pty Ltd, Richter Precision Inc, and Renishaw Advanced Materials Ltd.

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This release was published on openPR.