Diamond Demand in China and India to Grow at 10-15% Annually According to Merchant Research & Consulting, Ltd.

LONDON--(BUSINESS WIRE)--Synthetic industrial diamond can be produced in large quantities and its properties can be converted to specific applications. These are the reasons for synthetic diamond accounting for about 88% of the industrial diamond used in the world. Every day synthetic diamond production technology becomes more cost effective. As the competition among low-cost producers from China and Russia continues to accelerate it is very likely to lead to price decline.

China is expected to remain the world’s leading producer of synthetic industrial diamond, with annual production surpassing 4 billion carats. The United States is likely to remain a critical producer and exporter of synthetic industrial diamond for the next decade. In emerging markets such as China and India, demand for diamond is expected to grow at a rate of 10-15% annually, compared to a rate of about 3% in North America.

Detailed review and forecast on global, regional and country markets of industrial diamond can be found in the new market research report “Industrial Diamond Market Review” that covers present situation, historical background and future forecast and addresses comprehensive data showing industrial diamond capacities, production, consumption, trade statistics, and prices in the recent years are provided (globally, regionally and by country).

Report Details:

Industrial Diamond Market Review
Published: February, 2011
Pages: 112
http://mcgroup.co.uk/researches/industrial-diamond

The report also indicates a wealth of information on industrial diamond producers and suppliers, covers industrial diamond production in the respective country, major industrial diamond producers, industrial diamond consumption in the country market, industrial diamond trade in the country, industrial diamond prices. Industrial diamond market forecast for next five years, including market volumes and prices is also provided.

The study on Industrial Diamond has been completed by Merchant Research & Consulting Ltd, an internationally recognized market research agency, specializing in chemical industry. “Industrial Diamond Market Review” is included into the catalogue “Minerals”, which also highlights Asbestos, Barite, Bentonite, Bromine, Graphite, Gypsum, Lime, Mica, Phosphates, Salt, Sulfur markets.