DUBLIN--(BUSINESS WIRE)--The "Global Synthetic Diamond Market 2018-2023 by Type, Product, Manufacturing Process, End-User Industry, and Geography - Growth, Trends and Forecasts" report has been added to ResearchAndMarkets.com's offering.
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.
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.
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.
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.
- Applied Diamond Inc.
- Element Six
- New Diamond Technology, LLC
- Pure Grown Diamonds
- Scio Diamond Technology Corporation
- Sumitomo Electric Industries
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Opportunity Market Analysis
8. Competitive Landscape
9. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/7htp4r/global_synthetic?w=4