Synthetic Diamond Market to Grow at 7%,to Grow at 7%, from 2017 - 2025

Synthetic diamonds are laboratory-developed or research center created diamond, its chemical and physical properties look like to those of actual diamonds. Synthetic diamonds (laboratory -developed diamonds) are otherwise called cultured or cultivated diamonds. These are fabricated in the research facility by utilizing chemical vapor deposition (CVD) or high pressure high temperature (HPHT) forms.

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The synthetic diamond market is divided based on the manufacturing process, product, application, type, and region. In terms of product, the market is segmented into dust, powder, bort, grit, and stone. On the basis of manufacturing process, the market is categorized as chemical vapor deposition (CVD) and high pressure high temperature (HPHT). According to the type, market is classified into rough and polished. On the basis of application, the market is segmented as heat sinks / exchangers, gem, high-end electronics, machining and cutting tools, laser & X-ray, surgical machinery, quantum computing, medical, water treatment, optical, sensors & scanning, and electrical.

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Synthetic diamonds display properties like real diamonds; thus, they are generally used in end-use enterprises which utilized diamonds. Surging demand regarding synthetic diamond in industrial usage will help the market of synthetic diamond. Synthetic diamonds are generally used in PC chip creation, machine production, construction, mining activities, (for example, boring for minerals), stone cleaning and cutting, gem exploration, medical procedure, experimental physics, space science, and electronics.

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In 2016, Asia Pacific accounted for the highest share of the global synthetic diamond market. Development of the region is fundamentally attributed to the advancement of industrial and gem sector, particularly in Japan, China, and India. As far as value is concerned, in 2016, Asia Pacific region was assessed to hold for over 45% of the share of the global synthetic diamond market. Purchasers in India principally go around gem-quality diamonds for adornments, while the shoppers China are increasing analysis for using synthetic diamonds in advanced innovations.

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