Industrial Diamond Market Report 2026

The industrial diamond market size has grown steadily in recent years. It will grow from $2.14 billion in 2025 to $2.24 billion in 2026 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to increasing demand from construction industry, growth in mining services, rise in natural diamond extraction, expansion in machinery manufacturing, development of high-pressure high-temperature (HPHT) synthesis technology.

The industrial diamond market size is expected to see steady growth in the next few years. It will grow to $2.65 billion in 2030 at a compound annual growth rate (CAGR) of 4.3%. The growth in the forecast period can be attributed to growing demand in transportation systems, adoption in advanced aerospace applications, increasing use of chemical vapor deposition (CVD) diamonds, development of precision cutting and drilling tools, expansion of industrial-grade diamond applications in electronics. Major trends in the forecast period include rising adoption of synthetic diamonds, increasing use in semiconductor manufacturing, growth in aerospace and aviation applications, expansion in stone cutting and polishing applications, demand for high-precision industrial tools.

The rapid expansion of the automotive industry is significantly boosting the growth of the industrial diamond market. The automotive sector encompasses a wide range of businesses involved in the production, development, design, marketing, and distribution of motor vehicles, towing vehicles, and mopeds. Industrial diamonds have proven to be more cost-effective than other abrasives in various industrial applications due to their faster cutting capabilities and longer lifespan. In the automotive industry, abrasives are utilized for frame cutting, edge chamfering, shaping, forming, and weld removal. As the automotive industry continues to grow, so too will the demand for industrial diamonds. For example, in 2023, the Organisation Internationale des Constructeurs Automobiles (OICA), a France-based international association of automobile manufacturers, reported that global vehicle production reached 93,546,599 units, a notable increase from the 85,016,728 units produced in 2022. Thus, the rapid growth of the automotive industry is driving the expansion of the industrial diamond market.

The rapid industrialization and expansion of manufacturing industries are expected to drive the growth of the industrial diamond market. Industrialization refers to the transformation of an economy from an agriculture-based focus to one centered on manufacturing. This shift has led to a significant increase in demand for industrial diamonds, which are vital for various industrial applications due to their cost-effectiveness and superior cutting and durability properties. For example, in July 2024, the US Census Bureau, a government agency, reported that the value of construction operations increased from $2.01 trillion in May 2023 to $2.14 trillion in May 2024. Consequently, the rapid industrialization and growth of manufacturing industries are poised to propel the industrial diamond market forward.

In August 2023, Hyperion Materials and Technologies Inc., a US-based leader in the development and manufacturing of hard and superhard materials, acquired Premium Diamond Solutions SA for an undisclosed sum. This acquisition is intended to broaden Hyperion's product portfolio, strengthen its market presence, and enhance customer service in the synthetic diamond and cubic boron nitride sectors. Premium Diamond Solutions SA is a Switzerland-based manufacturer specializing in high-quality industrial diamonds.

Major companies operating in the industrial diamond market report are ALROSA PJSC, Applied DiamondX Inc., De Beers Inc., Industrial Abrasives Ltd., 3M COMPANY, Toolgal Industrial Diamonds Ltd., Scio Diamond Technology Corporation, Hebei Plasma Diamond Technology Co. Ltd., Advanced Diamond Technologies Inc., Iljin Diamond Co. Ltd., Element Six UK Ltd., Sumitomo Electric Industries Ltd., Henan Huanghe Whirlwind Co. Ltd., Zhongnan Diamond Co. Ltd., Zhengzhou Sino-Crystal Diamond Co. Ltd., Synthetic Diamond Company List Adamas One Corp., New Diamond Technology, Sandvik AB, Saint-Gobain S.A, Asahi Diamond Industrial Co. Ltd., Morgan Technical Ceramics.

Asia-Pacific was the largest region in the industrial diamond market share in 2025. The regions covered in the industrial diamond market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the industrial diamond market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The industrial diamond market consists of sales of cubic zirconia and silicon carbide. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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