Synthetic Diamond Market 2020: Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast To 2025

This report on the global Synthetic Diamond Market Research Report 2020 is detailed research that helps answer business questions related to competitive intelligence, market analysis, and market trends. It also highlights each of the prominent factors responsible for the growth of the market are; demographics, increasing purchasing power, increasing demand, regulatory policies, product standards, and manufacturing standards.

The synthetic diamond market is expected to register a CAGR of more than 7%, during the forecast period (2020-2025).

Companies Covered (Revenue, Gross Margin, and Market Share)-

Applied Diamond Inc., D.NEA, Element Six UK Ltd., ILJIN DIAMOND CO., LTD., New Diamond Technology, Pure Grown Diamonds, Scio Diamond Technology Corporation, Sumitomo Electric Industries, Ltd., SWAROVSKI and Others.....

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The leading players of the Synthetic Diamond industry, their market share, product portfolio, company profiles are covered in this report. The competitive market scenario among Synthetic Diamond players will help the industry aspirants in planning their strategies.

Market Overview

One of the major factors driving the market studied is the increasing demand from the electronics industry, as synthetic diamonds have become a critical heat-enabling technology, which prevents silicon and other semiconductor materials from overheating.

- Synthetic diamonds are also widely used in super abrasive tools, such as grinding wheels, cutting tools, and drilling and dressing tools, among others, for manufacturing products in the automotive, medical, aerospace, and electronics industries. Hence, increasing demand for super abrasives is also likely to boost the demand for synthetic diamonds.
- Asia-Pacific dominated the synthetic diamond market across the world, owing to the rapid growth of electronics manufacturing in countries, like China, India, and Japan.

Key Market Trends

Growing Demand for Polished Diamonds from the Electronics Industry

- The usage of synthetic diamond in the electronics industry has been increasing, due to its ability to act as a heat sink. Synthetic diamond prevents silicon and other semiconductor materials from overheating, and thus, has become a critical heat-enabling technology.
- The demand is expected to further increase during the forecast period, as semiconductors have become more embedded in the ever-increasing product number, from cars to coffee makers, and nascent technologies, such as artificial intelligence, virtual reality, and the Internet of Things (IoT).
- Synthetic diamond is unmatched in its ability to diffuse heat. When used as a semiconductor, synthetic diamond is used to manufacture smaller and more powerful electronics, thereby increasing its usage in radio frequency (RFs) and power device types.
- This increasing usage of semiconductors by various end-users is expected to boost the demand for a synthetic diamond from the electronics industry, during the forecast period.

Asia-Pacific Region to Dominate the Market

The Asia-Pacific region dominated the global market share. Owing to the high manufacturing activities by numerous end-user industries in the country, synthetic diamonds have a huge market in China. The electronic manufacturers in China are making attempts for intelligent manufacturing and upgrading to high-end manufacturing. Apart from China, the ASEAN region is the largest exporter of electronics, which is equivalent to about 25% of the region's total exports in goods. According to the ASEAN Secretariat, the bulk of the world's consumer electronics comes from the ASEAN region. Moreover, over 80% of the world's hard drives are produced in the ASEAN region. Owing to these factors, Asia-Pacific is likely to dominate the global market during the forecast period.

Key Developments in the Market

- December 2017: KKR announced the acquisition of Hyperion, a leading manufacturer of industrial tool components, from Sandvik.

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Table of Contents:

1 Report Overview

2 Executive Summaries

3 Key Players

4 Breakdown Data by Type and Application

5 North America

6 Europe

7 China

8 Japan

9 International Players Profiles

10 Market Dynamics

11 Key Findings in This Report

12 Appendix

Note:

All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and Chinese and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.