Industrial Diamond market Size To Worth Around USD 1.79 billion in 2025 | Scio Diamond Technology Corporation, Industrial Abrasives Ltd

Diamond is largely utilized as a gemstone and is also used for industrial purposes due to its physical and chemical properties. Diamond has the highest thermal conductivity at room temperature conditions when compared to any other material and is the hardest material on earth. Industrial applications of diamond include wire drawing, computing, heat sink, corrosion-resistant coating, polishing, and cutting.

Industrial diamonds find application as a heat sink in electronic thermal management operations and are used as catalysts in the chemical industry, abrasive in the construction, automotive, aerospace, and defense industries.

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Market Taxonomy

On the basis of product type, the global industrial diamond market is segmented into:
Natural
Synthetic

On the basis of end-use industry, the global industrial diamond market is segmented into:
Mining
Oil & Gas
Construction
Chemical
Electronics
Others (Aerospace, Defense, Automotive etc)

However, high cost of diamond, both natural and synthetic, and availability of low cost alternatives have led to decrease in adoption of industrial diamonds for various applications. These alternatives are cheaper than diamond and may be used in low cost operations. Low cost alternatives for industrial diamond in cutting and polishing include cubic boron nitride, silicon carbide, and fused aluminum oxide.

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North America was the largest market for industrial diamonds in 2016. The major end-use industries of industrial diamonds in the region were mining, oil & gas, electronics, and automotive. The booming shale oil and gas production in the U.S. is a major factor driving growth of the industrial diamond market. According to the U.S. Energy Information Administration, the shale oil output from the U.S. shale plays reached around 7.2 million bpd in June, 2018.

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