Nanodiamonds Market is estimated to grow at a CAGR of 16% within the forecast period of 2023-2030: Cognitive Market Research

Market Overview:
Nanodiamonds are composed of a diamond core and amorphous carbon surrounding layers. The form, core, and surface of nanodiamonds are the most important characteristics of their structure. They are unique nanosized carbon building blocks with diverse mechanical, chemical, optical, and biological properties, making them important active component carriers for biomedical applications. There are two methods for the preparation of diamond, one method is to include graphite into an explosives system and subject the carbon to the shock wave produced by an explosive detonation. Another possibility is to detonate carbon-producing explosives within a huge pipe. In both cases, a portion of the carbon is converted into diamond, while the remainder remains as graphite, which can be burned with the help of strong acids.
Nanodiamond is commonly utilized in specialty coatings, lapping and polishing applications, and as a polymer additive. Nanodiamond material has been widely employed as a lubricant addition to reduce friction between moving parts and hence boost utility. New applications include data storage and medicine administration to the body.

Summary:
The Global Nanodiamonds market was valued at USD 123.27 million in 2022, registering a CAGR of 16% for the forecast period 2023-2030.

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Market Dynamics:
• Rising usage of nanodiamonds for cancer diagnosis
The rise in the incidence of cancer patients is rapidly growing across the globe, owing to sedentary lifestyles. Cancer is a major cause of mortality in patients across the globe. The rise in mortality among cancer patients is due to a lack of accurate diagnosis. The World Cancer Research Fund International states that around ~18.1 million cancer cases were reported in 2020.
According to data published by the American Cancer Society, in 2021, ~1.9 million cancer patients were diagnosed, and ~608,570 cancer deaths were reported in the United States. The late or inaccurate diagnosis of cancer increases its mortality rates. Thus, to prevent cancer mortality rates, and offer an accurate diagnosis, the researchers invested in the development of biological sciences, and nanotechnology, to develop new strategies for the accurate detection of cancer
The nanodiamonds are used as an alternative by researchers in cancer research, as certain biological markers failed during the detection of cancer. Nanodiamond is an emerging technology in cancer diagnosis, as it can carry active anti-cancer drugs in culture cells and even in mice.

• Increase in awareness about the benefits of nanodiamonds (Access Detailed Analysis in the Full Report Version)

• Rising R&D investment and commercialization of nanodiamonds (Access Detailed Analysis in the Full Report Version)

Market Segmentation:
Type:
• Medical Grade
• Industrial Grade
Among types, the medical grade accounted for the largest share in terms of revenue, in 2022. This is owing to the growing demand for nanodiamonds in industrial applications. Nanodiamonds have a unique zero-dimensional nanocarbon structure, which has high surface areas. Industrial-grade nanodiamonds are used for finishing polishing, friction coating, and oil compounds. Nanodiamonds possess non-toxicity, and chemical stability, which increases their usage as an additive in oil to reduce the friction and wear for fretting steel and copper interfaces. The low-cost production and properties offered by nanodiamonds increase their usage in industrial applications, fueling the growth of industrial-grade nanodiamonds.

Application:
• Finish Polishing
• Electroplating
• Oil Compounds
• Medical
• Others 

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Competitive Analysis for Nanodiamonds Market:
• Henan Yuxing Sino Crystal Micron Diamond
• Diacel Corporation
• Beijing Grish Hitech Co. Ltd.
• Henan Union Abrasives Corp
• Adamas Technologies
• NanoTech Lubricants
• Carbodeon Ltd
• Microdiamant
• NanoDiamond Products Limited
• Ray Techniques Ltd.
• SINTA

Company Profile
• Diacel Corporation
Daicel Corporation is a Japanese-based chemical manufacturing company with headquarter located in Osaka, Japan. It is the only company that manufactures acetic acid. The company has operations in various countries in Asia, Europe, and the Americas. The company operates through five operating segments including health care/medical, safety, material, smart, and engineering plastics segments.
The healthcare/medical segment conducts research on dementia prevention, developing materials and introducing services that focus on the intestinal flora along with the production of high-quality raw materials for cosmetics. Furthermore, they provide solutions related to pharmaceutical developments such as columns that separate required drug components and a new drug delivery device.
The smart segment of the company offers various solutions and value in the electronics market such as functional films and materials used in smartphones, PCS, TVs, and in-vehicles displays, polymers and solvents used in the semiconductor manufacturing process as well as used in VR, smartphones, and various sensors.

News:
June 2021
• Daicel Corporation developed the world's first fluorescent single-digit nanometer-sized SiV nanodiamonds.
The company successfully created the first single-digit nanometer-sized fluorescent nanodiamonds with silicon-vacancy color centers (SiV-ND). SiV-ND is used as a fluorescent probe in biosensing and bioimaging due to excellent fluorescent features, like stable fluorescence emission at a wavelength that is permeable to biological tissues, as well as its very tiny size and biocompatibility

Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research Methodology Review Complete Research Methodology
Chapter 3 Executive Summary of Nanodiamonds Market
• 3.1 Global Nanodiamonds Market Size 2018 - 2030, (USD Million)
• 3.2 Global Nanodiamonds Value, Absolute & Opportunity Analysis
• 3.3 Global Nanodiamonds Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Nanodiamonds Market Statistics 2022: Snapshot
Chapter 4 Global Nanodiamonds Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
• 5.1 Global Nanodiamonds Market Revenue and Share by Manufacturers (2018-2022)
• 5.2 Global Nanodiamonds Industry Mergers and Acquisition Analysis
• 5.3 Global Nanodiamonds New Launches Analysis
• 5.4 Company Categorization
• 5.5 Global Nanodiamonds Top Winning Strategies, by Manufacturers (2018-2022)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Nanodiamonds Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Nanodiamonds Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Nanodiamonds Market Regional Analysis
Chapter 12 North America Nanodiamonds Market Outlook (2018 - 2030)
Chapter 13 Europe Nanodiamonds Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Nanodiamonds Market Outlook (2018 - 2030)
Chapter 15 Latin America Nanodiamonds Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Nanodiamonds Market Outlook (2018 - 2030)
Chapter 17 Research Findings
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