Press release
Synthetic Diamond Market Size is projected to reach USD 25.24 billion by 2029
When it comes to synthetic diamonds, most of the jewellers would be able to source the diamonds directly from the laboratories. This process generally works the same, such as, if customer would like to design an engagement ring then they will ask for a synthetic diamond to be placed in the middle of the band. Due to their physical and chemical properties , such as widest optical transparency window, wide band gap, chemical inertness, electric insulation, hardness, exceptional thermal conductivity, high electrical carrier mobility, high resistance to thermal shock, and excellent mechanical properties, have made it extensively useful option for application in electronic devices.
Data Bridge Market Research analyses that the synthetic diamond market was valued at USD 14.08 billion in 2021 and is expected to reach USD 25.24 billion by 2029, registering a CAGR of 7.57 % during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
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Market Definition
Synthetic diamond is also known as a man-made diamond which has created in a lab. Synthetic diamond is also defined as a laboratory grown diamond due to same optical and physical properties as a natural diamond. This diamond is often defined as a complete copy of a natural diamond since the same procedures and methods which were used to recreate the synthetic diamond. It contains the same crystal lattice structure as a natural diamond.
Global Synthetic Diamond Market Scope
The synthetic diamond market is segmented on the basis of products, types, manufacturing process and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Global Synthetic Diamond Market, By Product (Bort, Dust, Grit, Powder, Stone), Type (Polished, Rough), Manufacturing Process (High Pressure, High Temperature, Chemical Vapour Deposition), Application (Gem, Heat Sinks/Exchangers, High-end Electronics, Laser and X-ray, Machine and Cutting Tools, Surgical Machinery, Water Treatment, Quantum Computing, Optical, Sensors and Scanning, Medical, Electricals) - Industry Trends and Forecast to 2029
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