Global Synthetic Diamond Market - Segmented by Type, Product, Manufacturing Process, End-User Industry, and Geography - Growth, Trends and Forecasts (2018 - 2023)
|出版商||Mordor Intelligence LLP||商品編碼||568520|
|出版日期||內容資訊||英文 230 Pages
|合成鑽石的全球市場:類型·產品·製造法·終端用戶·各地區的市場趨勢與預測 Global Synthetic Diamond Market - Segmented by Type, Product, Manufacturing Process, End-User Industry, and Geography - Growth, Trends and Forecasts (2018 - 2023)|
|出版日期: 2018年02月08日||內容資訊: 英文 230 Pages||
Diamond produced through an artificial process is a synthetic diamond. It is also known as artificial diamond, cultured diamond, or cultivated diamond. On the basis of manufacturing process, synthetic diamond is classified into: high-pressure high-temperature (HPHT) diamond or chemical vapor deposition (CVD) diamond. Synthetic diamond market is expected to witness healthy growth, due to its increasing demand in industries, such as electronics, construction, mining, and healthcare. Asia-Pacific is the largest market for synthetic diamonds, and it is estimated to register a CAGR of 8.21% during the forecast period, due to the rapid growth in manufacturing and construction sectors in the region.
Increasing Application in Electronic Devices
In terms of revenue, electronics segment contributes almost 25% of the synthetic diamond market. The chemical and physical properties of synthetic diamond, such as exceptional thermal conductivity, high resistance to thermal shock, widest optical transparency window, wide band gap, chemical inertness, high electrical carrier mobility, electric insulation, hardness, and excellent mechanical properties, have made it widely useful for application in electronic devices. High thermal conductivity serves as an effective heat dissipater, and makes it widely useful in the production of semiconductors, which are further used in electronic devices, such as laptops, computers, and mobiles. Presently, CVD diamond is extensively used in designing chips, as it helps reduce operating temperatures, extends operating life, and improves reliability of electronic devices. The increasing demand for electronics, primarily the increasing sales of semiconductors, is likely to boost the demand for synthetic diamonds during the forecast period.
Increasing Demand from the Super Abrasives Industry
Super abrasives are tools used in precision grinding. Synthetic diamond is used in super abrasive grinding wheels, due to its suitable properties, such as hardness, unparalleled performance, and longevity. Today, various industries, like automotive, electronics, oil & gas, and construction, have been installing Computer Numerical Control (CNC) machines to reduce the need for skilled labor. Super abrasives are extensively used in manufacturing grinding wheels for Computer Numerical Control (CNC) machines.
Moreover, increasing usage of grinding wheels, cutting tools, files, dressing tools, etc., in the automotive industry achieve better finish. High performance of vehicles is driving the demand for super abrasives. Super abrasives are also used to process semiconductor materials, ceramics, carbide alloys, copper and copper alloys, aluminum, resin, and rubber. Hence, with increasing usage of super abrasives, the demand for synthetic diamonds for manufacturing super abrasives is likely to increase in the coming years.
Asia-Pacific to Dominate the Market Growth
Asia-Pacific is the largest market for synthetic diamonds, followed by North America and Europe. Growing industrialization and manufacturing activities are likely to fuel the growth of the market in Asia-Pacific, during the forecast period. Along with this, rebound of the manufacturing industry and increasing shale gas exploration activities, lead to increase in the demand for CNC machines, and drilling & mining tools are likely to boost the demand for the synthetic diamond market in the coming years.
Key Developments in the Market
December 2017: KKR announced the acquisition of Hyperion, a leading manufacturer of industrial tool components, from Sandvik.
Major Players: CRYSTALLUME CORPORATION, ELEMENT SIX, ILJIN DIAMOND, NEW DIAMOND TECHNOLOGY, APPLIED DIAMOND INC., CENTAURUS TECHNOLOGIES INC. , amongst others
Reasons to Purchase this Report
Analyze the impact of the growing electronics sector on the synthetic diamond market
Analyze various perspectives of the market with the help of Porter's five forces analysis
Identify the key end-user likely to dominate the market
Identify the region expected to witness fastest growth rate during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3 months analyst support, along with the Market Estimate sheet (in excel).
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