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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 wi...

Growing Industrial Activities to Accelerate Demand for Synthetic Diamonds

The top three players leading the   global synthetic diamond market   are ElementSix, SandvikAB, and ILJINCo. , Ltd. These companies held a dominant 75.6% in the overall market in 2014. A new research report by Transparency Market Research indicates that forward integration has helped these players maintain their winning positions. However, the future will be dictated by sound investments in research and development activities to lower manufacturing costs and enhancing the product quality.  “Setting up manufacturing plants in developing regions of Asia Pacific will also yield higher returns on investments,” states the author of the research report. Tying up with research institutes to further bring down the research and development costs will also benefit the manufacturers of synthetic diamonds in the coming years. Get the PDF Brochure for more Professional and Technical industry insights @: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&...