Press release
Industrial Diamond Market 2026 Growth Forecast Analysis Report by Scio Diamond Technology Corporation, Industrial Abrasives Ltd, Alrosa, The 3M Company, Toolgal Diamond Tools, Invedia, Advanced Diamond Technologies, Inc., Applied Diamond Inc
Industrial Diamond
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Industrial diamond is of two types; natural and synthetic. Natural diamonds, which do not meet the required gem standards of color, shape, clarity, and size, are utilized in industrial applications. Synthetic diamonds are the most commonly used diamonds in industrial applications, as it can be produced in large quantities and can be designed based on its end-use applications. Synthetic diamonds are used in up to 99% of all industrial applications.
Market Dynamics
-Increasing demand for abrasives globally is one of the major factors driving growth of the global industrial diamond market. Moreover, long service life of diamonds when compared to other cutting and polishing materials, and the high precision offered by diamond cutting tools are major factors that have led to increasing demand for these in construction and oil & gas industries, thereby driving growth of the market. This further leads to longer production runs and lower tool changes.
-HPHT Method and Chemical Vapor Deposition (CVD) are the two technologies through, which synthetic diamonds are manufactured. These technologies have witnessed several advances such as improved process efficiency and cost of manufacturing. According to the Gemological Institute of America, synthetic industrial diamond manufacturers are switching to CVD technology due to low cost of the process. These factors have bolstered the industrial diamond market growth.
Key Market Players
Major players operating in the global industrial diamond market include Scio Diamond Technology Corporation, Industrial Abrasives Ltd, Alrosa, The 3M Company, Toolgal Diamond Tools, Invedia, Advanced Diamond Technologies, Inc., Applied Diamond Inc, Hebei Plasma Diamond Technology Co., Ltd., and Schlumberger Limited.
Market Taxonomy
On the basis of product type, the global industrial diamond market is segmented into:
Natural
Synthetic
On the basis of end-use industry, the global industrial diamond market is segmented into:
Mining
Oil & Gas
Construction
Chemical
Electronics
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