Diamond Coatings Market to Generate Maximun Growth by 2022| Key Players include Oerlikon, D-Coat, NeoCoat, Crystallume, Element Six, sp3 Diamond Technologies, Advanced Diamond Technologies, Blue Wave Semiconductors, Diamond Product Solutions and JCS Techn

The increasing demand for diamond coatings in various end-use industries is driving the market growth. In terms of value, the global diamond coatings market is estimated to be USD 1.76 Billion in 2017 and is projected to reach USD 2.56 Billion by 2022, at a CAGR of 7.8% between 2017 and 2022. Europe accounts for a major share of the overall diamond coatings market; major factor driving the growth of the Europe diamond coatings market is its developed economy where there is a high demand for diamond coated tools and equipment. APAC is the fastest-growing diamond coatings market.

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Some of the major players in the diamond coatings market include Oerlikon (Switzerland) and Element Six (London). These players have adopted various strategies, such as mergers & acquisitions, expansions, and new product launches to grow in the diamond coatings market. Mergers & acquisitions was the key strategy adopted by the major players to grow in the diamond coatings market between 2013 and 2017. This strategy accounted for a share of 50% of the total growth strategies adopted by the key market players between 2013 and 2017. This strategy has helped companies to enhance their product portfolio and expand their global presence.

Oerlikon Balzers is one of the world’s leading suppliers of surface technologies that significantly improve the performance and durability of precision components as well as tools for metal and plastics processing industries. The company develops tailor-made technologies for various solutions for the automotive industry, and ePD (embedded PVD for design parts) delivers solutions for the metallization of plastic parts with chrome effects. The company has been actively involved in acquiring emerging companies in the diamond coatings market. For example, in October 2017, it acquired Primateria AB (Sweden) and signed an agreement to acquire assets of DiaPac LLC and Diamond Recovery Services Inc. (DRS) in the US. With the acquisition, Oerlikon strengthened its foothold in the gear cutting market, especially in Sweden, and will be able to provide even greater expertise and a broader portfolio of surface treatments to its customers worldwide. In January 2014, Oerlikon acquired Metco (Switzerland), a division of Sulzer. Metco is a global technology leader in the thermal spray and surface applications business. The combined businesses will operate approximately 130 facilities with over 110 coating centers in 35 countries. This acquisition expanded Oerlikon’s presence and capabilities in the surface solutions business segment.

Moreover, in March 2014, Oerlikon increased the production capacity for its technology-leading diamond coatings at Niederkorn Coating Center in Luxembourg, which is the company’s global competence center for high-performance carbon coating for cutting tools. This helped the company to meet the growing demand for diamond coatings from the aircraft and automotive industries.

Element Six is a synthetic diamond supermaterials company. Element Six is a member of the De Beers Group of Companies, its majority shareholder. The company is a global leader in the design, development, and production of synthetic diamond supermaterials. These supermaterials are used in applications, including cutting, grinding, drilling, shearing, and polishing. In November 2015, Element Six launched a new diamond optics range, Diamond PureOptics. This all-diamond solution offers improved reliability and even higher power density levels for high power CO2 laser systems.

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