Skip to main content

Synthetic Diamond Market: Forward Integration Helps Companies Clinch Top Positions | 2023

The global synthetic diamond market is highly consolidated in which the top three companies, namely SandvikAB, ElementSix, and ILJINCo. Ltd, hold three fourth of the share in the market. A research study by Transparency Market Research finds that forward integration has aided these companies clinch top positions. Their future, however, shall depend on well-thought-out investments in research and development activities to bring down the cost of manufacturing and improve the quality of the product.  
As per the report, savvy companies in the global synthetic diamond market should consider setting up shop in emerging economies of Asia Pacific for cost benefits and higher returns on investments. Tying up with research institutes to slash research and development costs will also hold the companies in good stead, finds the report.
The TMR report predicts the global synthetic diamond market to expand at a CAGR of 7.0% between 2015 and 2023. Rising at this rate, the market will likely attain a value of US$28.83 bn by 2023 from US$15.73 bn in 2014. 
Flourishing Construction Industry Powers Asia Pacific Market 
The two types of synthetic diamonds available in the market are rough and polished. Among the two, the rough synthetic diamond held a lion’s share in the market – precisely 98.8% – in 2014. Polished diamond, on the other hand, accounted for a paltry share in the market in the same year. Going forward too, the demand for polished diamonds will remain lackluster, while that of rough diamond will continue to soar at a healthy clip on account of their growing usage in electronics, healthcare, and construction sectors. 
From a geographical standpoint, Asia Pacific is slated to account for a leading share of 55.8% by 2023 in the synthetic diamond market. The growth in the region will be powered mostly by the flourishing construction industry in the emerging economies of the region. Besides, booming industrialization and ever-increasing demand for jewelry are also expected to underpin the growth momentum in the Asia Pacific market. China and India are two of the prominent markets in the region on account of most of the leading players building manufacturing units in the two countries to take advantage of low operational costs. 
Physical and Chemical Strength of Synthetic Diamond Drives their Demand 
“Synthetic diamonds are indispensable in various industrial applications such construction, computer chip production, oil and gas exploration, mining activities, stone cutting and polishing, and in surgeries. Thus, the definite rise in these activities has led to an uptick in revenues in the synthetic diamond market,” points out the lead analyst of the TMR report. 
The ability of synthetic diamonds to stay unscathed in extreme conditions, high thermal conductivity, low toxicity, and strong chemical inertness has made them sought after in the aforementioned industries. Hence they find application in high-energy research facilities and for abrasive tasks such as cutting and polishing. Furthermore, the relatively cheaper cost of synthetic diamonds, helps them steal a march over natural diamonds. Also, they are available in various colors which makes them perfect for jewelry. 
One factor proving counterproductive to the global synthetic diamonds market is the complex procedure of manufacturing large-sized synthetic diamonds. Creating a sizeable product with the right cut, color, and clarity is an involved and time-consuming procedure.  
For more information on this report, fill the form  @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=5657
Synthetic Diamond Market, by Manufacturing Process 
  • High Pressure High Temperature (HPHT)
  • Chemical Vapor Deposition (CVD) 
Synthetic Diamond Market, by Type 
  • Polished
  • Rough 
Synthetic Diamond Market, by Product 
  • Bort
  • Dust
  • Grit
  • Powder
  • Stone 
Synthetic Diamond Market, by End-use 
  • Construction and Mining
  • Electronics
  • Jewelry
  • Healthcare
  • Others 

This review is based on the findings of a TMR report, titled, “Synthetic Diamond Market (Manufacturing Process - High Pressure High Temperature (HPHT) and Chemical Vapor Deposition (CVD); Type - Polished and Rough; Product - Bort, Dust, Grit, Powder, and Stone; End Use – Construction and Mining, Electronics, Jewelry, and Healthcare) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” 

Comments

Popular posts from this blog

Global Epoxy Curing Agents Market - Projected to Scale-Up by construction, adhesive, Wind Energy Application to 2022.

“Global Epoxy Curing Agents Market Market Professional Survey Report 2017-2022” Purchase This Report by calling ResearchnReports.com at +1-888-631-6977. Global Epoxy Curing Agents market   Report is a professional and in-depth research report on the world’s major regional market conditions of the Epoxy Curing Agents market, focusing on the main regions (North America, Europe and Asia) and the main countries (United States, Germany, Japan and China). Based on application, the wind energy segment is projected to witness the highest growth from 2017 to 2022, both in terms of value and volume. Wind blades manufacturing is one of the major applications for epoxy curing agents. The depletion of fossil fuels and their volatile prices have resulted in increased energy cost with rise in demand. This research report provides an in-depth analysis of the global Epoxy Curing Agents Market based on enterprise size, services, solution, end-use industry, and geography. The report also prov...

Glass Fiber Reinforced Gypsum Market - Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2017-2025

Glass Fiber Reinforced Gypsum (GFRG) is a composite application utilizing naturally occurring mineral gypsum combined with reinforcing fibers. It may also contain polymers to increase product strength. The molding process can be either hand lay-up or a chopped strand spray method. Stereotypically, the end product is used for indoor applications with negligible exposure to moisture or other environmental elements. Completed composites are in the form of ornamental or decorative columns, pillars and facades. With the slowdown in world economic growth, the global market has also suffered a certain impact, but still maintained a relatively optimistic growth. In terms of revenue, the Global Glass Fiber Reinforced Gypsum Market was valued at US$ 458.49 Mn in 2016 and is expected to reach US$ 888.35 Mn by 2025, expanding at a CAGR of 7.6% from 2017 to 2025. The Global Glass Fiber Reinforced Gypsum Market is boosted by factors such as: ·       ...

LiDAR Services Market by GIS Services, Asset Management, Aerial Surveying, Ground-Based Surveying Services - Comparative Analysis 2025.

Research N Reports offers latest published report “ LiDAR Services Market – Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2017-2025”. The author of the report analyzed that the Global LiDAR Services Market accounted for US$  784.8  million  in 2016. LiDAR is a term that stands for Light Detection and Ranging. It is a remote sensing strategy that measures ranges using light as a pulsed laser. LiDAR is additionally a surveying method that measures target distance by illuminating it. LiDAR is the apex of the mapping technology. It is additionally the most recent advancement in the surveying technology. The LiDAR Services Market, which was esteemed at US$ 784.8 million in 2016, is relied upon to achieve an estimation of US$ 2926.3 million by 2025, developing at a CAGR of 15.9% amid the forecast time frame 2017-2025. Increasing utility of direct visualization and automated door modeling are some of the major drivers driving the market. Inc...