Industrial Diamond Market Size, Share, Global Sector / Industry Report & Analysis, 2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Industrial Diamond Market


The global Industrial Diamond market size is projected to reach US$ 2.25 billion by 2026, from US$ 1.9 billion in 2020, at a CAGR of 2.9% during 2021-2026. Rapid growth of the construction and automotive sectors is the key factor driving the market. Industrial diamond is used in various industries as an abrasive or cutting tool. It is categorized into two types: natural and synthetic. Natural diamond is a naturally occurring solid form of pure carbon.
It possess different mechanical properties, such as hardness, toughness, yield strength, electrical conductivity, and chemical stability. Synthetic type is also known as cultured or artificial diamond. It can be manufactured with the help of various technological processes. The most common manufacturing methods are chemical vapor deposition and High Pressure and High Temperature (HPHT).

Out of total production, around 70% of final products are used in numerous industrial applications. In the construction industry, they are used for cutting, drilling, polishing, and grinding purposes. Increasing urbanization is fueling the growth of the construction industry as various governments are focusing on infrastructure development, such as water supply, transportation, energy networks, and telecommunication.

Thus, growing construction activities, especially in Middle East and Asia Pacific, such as ˜Smart City Mission and ˜Housing for All, are likely to drive the product demand over the forecast period. In the union budget of 2018-19, Indian government allocated USD 92.2 billion to push the infrastructure sector, which in turn will help boost the overall market development.

Market Segmentation, Outlook & Viewpoint: Global Industrial Diamond Market

Type Market Segmentation & Outlook (Volume, Million Carats; Revenue, USD Million, 2014 - 2025)

  
Natural
  
Synthetic

Application Market Segmentation & Outlook (Volume, Million Carats; Revenue, USD Million, 2014 - 2025)

  
Construction
  
Transportation
  
Electronics
  
Others

Key Players, Recent Developments & Regional Insights: Global Industrial Diamond Market

Based on application, the market is categorized into transportation, construction, and electronics. The construction segment led the global market in 2018. Transportation industry consists of growing sectors, such as automotive, aerospace, and maritime transport. Increasing demand for component manufacturing from such industries is expected to drive the segment over the forecast period.

The use of blade products has surged in the recent past owing to the strong demand from the construction sector. As per the reports of the World Economic Forum, the global construction industry adds USD 10 trillion in revenue, annually, and accounts for 6.0% of the global GDP. In developed countries, it accounts for 5.0% of total GDP, while in developing countries it accounts for 6.0% of total GDP.

Regional Insights

In terms of volume, Asia Pacific was the largest region in 2018 and will expand further at the fastest CAGR from 2019 to 2025 due to the availability of land and low-cost labor. China was the worlds largest producer of synthetic diamonds and is anticipated to maintain its dominant position over the coming years. Growth of the construction sector in countries including China, India, Japan, and South Korea is the key factor driving the regional market. Rising industrial activities in emerging economies, particularly China and India, are also expected to positively influence the regions growth.

North America is also projected to witness a rapid growth in the years to come. U.S. was one of the largest consumers and producers of synthetic products. In terms of volume, the construction application accounted for the highest market share in 2018 in U.S. As per the American Society of Civil Engineers, the country received D+ grade for infrastructure. It is estimated that U.S. needs to spend USD 4.5 trillion to improve the state of bridges, roads, dams, schools and airports. This factor is likely to boost the industrial diamond market growth in North America region.

Industrial Diamond Market Share Insights

The market is highly competitive as top companies are focusing on the production of synthetic diamonds. They are working on the improvement of production capacity and R&D activities for the manufacturing of lab-grown products. Key companies in the market are De Beers; ALROSA; Applied Diamond, Inc.; Industrial Diamond Laboratories, Inc.; Morgan Advanced Materials; and Scio Diamond Technology Corporation.

Key Insights Covered: Global Industrial Diamond Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Industrial Diamond industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Industrial Diamond industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Industrial Diamond industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Industrial Diamond industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Industrial Diamond industry.

Research Methodology: Global Industrial Diamond Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other