Diamond Wire Market Analysis, Promising Growth Opportunities and Outlook 2020 - 2027

Diamond wire is a metal wire or cable impregnated with diamond dust of various sizes to cut through materials. Diamond wires are used for the mass production of sapphire and silicon. This wire significantly increases the productivity in cutting techniques and provides downstream benefits. It is originally an option for cutting composite materials and carbon fibers.

Diamond wire undergoes several processes such as electroplating in which the diamond particles attach to steel wire. High abrasive density wire is available and used for some special applications in the market. The composition of the diamond wire is micron-sized particles of diamond beads and grains with a solid core wire.

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The use of diamond wire in industries for high production of silicon and sapphire boosts the demand for diamond wire. In addition, rapid urbanization is the major driver of the industry, which led to increase in of constructional activities such as the building of residential houses and malls. This, in turn, augmented the demand for diamond wire. Furthermore, developing technologies such as artificial intelligence and IoT devices and research power will become the backbone for the industry. The usage of diamond wire in the market is an eco-friendly process, which significantly contributes toward the growth of the global market.

However, the major restraints for the industry are the prices of the diamond wire and their costly equipment for the cutting process. Furthermore, increase in demand and supply gap of diamond wire due to the insufficiency of raw materials hampers the market growth.

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Some of the major players in the global diamond wire market are Asahi Diamond, Diamond Puber, SCHMID, A.L.M.T, Tony Tech, READ, Metron, NakamurChouckou, Henan Yicheng, and Nortiake. Expansions, acquisitions, partnerships, and new product developments are the key strategies adopted by these players to expand their business in the global diamond wire market. In addition, they are focusing on strategies such as organic and inorganic growth developments, including contracts and investments to increase their market share in the global diamond wire market.

The market is analyzed based on regions and competitive landscape in each region is mentioned. Regions discussed in the study include North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). These insights help to devise strategies and create new opportunities to achieve exceptional results.

COVID-19 impact analysis
• The global market for diamond wire is severely impacted by the outbreak of the COVID-19 pandemic.
• Thus, insufficiency in raw material supply will further hamper the production rate diamond wire, which is expected to negatively impact the market growth during the forecast period.
• Owing to the suspension of ongoing activities in the industrial and commercial processes, the global diamond wire market is likely to see a temporary downfall.
• As more than 30% of the factories are on halt in a pandemic situation, the use of cutting machines is expected to witness a massive decline.
• In addition, the construction sector is experiencing a major decline in activities, due to dearth of workforce and raw materials, which, in turn, will hamper he growth of the global market. This is attributed to the fact that the construction sector is the largest end user of diamond wire.
• Owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted the supply chain of numerous industries across the globe, thereby increasing the supply–demand gap.

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