Global Synthetic Diamond Market Size, Growth Analysis Report, Forecast to 2027

The global synthetic diamond market is anticipated to grow at a CAGR of around 6.4% during the forecast period (2021-2027). The new launches in the synthetic diamond market by the major market players are the main factor boosting the growth of the market. Besides, the market players are also focusing on expanding their business by adopting different growth strategies such as mergers and acquisitions, business expansion, and technology innovation to generate more revenue and to remain competitive in the market. For instance, in January 2021, Hyperion Materials & Technologies, a provider of hard and super-hard materials space for high precision applications, had acquired Nano Diamond Products (NDP). The NDP provides a solution in synthetic diamond and cubic boron nitride (CBN) products. The acquisition of NDP will support Hyperion Materials & Technologies to expand its position as one of the leading providers of synthetic diamond and CBN products. The combined organization will be able to provide better products and services to customers and industries across the globe including stone cutting, electronics, oil & gas, and toolmaking.

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Moreover, in April 2019, John Crane completes the acquisition of the industrial division of Advanced Diamond Technologies (ADT). The ADT is one of the leaders in the development and application of diamond films for industrial, electronic, mechanical, and medical applications. By acquiring ADT's industrial business, John Crane has enhanced its industry leadership in the synthetic diamond market. Considering these activities, significant growth in the synthetic diamond market can be expected during the forecast period.

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Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How COVID-19 impacted the market?

o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Synthetic Diamond Market Report Segment

By Type

Polished
Rough

By Manufacturing Process

High-Pressure High-Temperature (HPHT)
Chemical Vapour Deposition (CVD)

By Application

Construction & Mining
Electronics
Jewellery
Healthcare
Others (Oil and Gas)

Global Synthetic Diamond Market Report Segment by Region

North America

US
Canada

Europe

Germany
UK
France
Spain
Italy
Rest of Europe

Asia-Pacific

China
Japan
India
Rest of Asia-Pacific

Rest of the World

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