Increasing Application in Electronic Devices
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. High thermal conductivity serves as an effective heat dissipater, and makes it widely useful in the production of semiconductors, which are further used in electronic devices, such as laptops, computers, and mobiles. Presently, CVD diamond is extensively used in designing chips, as it helps reduce operating temperatures, extends operating life, and improves reliability of electronic devices. The increasing demand for electronics, primarily the increasing sales of semiconductors, is likely to boost the demand for synthetic diamonds during the forecast period.
Increasing Demand from the Super Abrasives Industry
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.
Moreover, increasing usage of grinding wheels, cutting tools, files, dressing tools, etc., in the automotive industry achieve better finish. High performance of vehicles is driving the demand for super abrasives. Super abrasives are also used to process semiconductor materials, ceramics, carbide alloys, copper and copper alloys, aluminum, resin, and rubber. Hence, with increasing usage of super abrasives, the demand for synthetic diamonds for manufacturing super abrasives is likely to increase in the coming years.
Asia-Pacific to Dominate the Market Growth
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.
Key Developments in the Market
- December 2017: KKR announced the acquisition of Hyperion, a leading manufacturer of industrial tool components, from Sandvik.
Reasons to Purchase this Report
- Analyze the impact of the growing electronics sector on the synthetic diamond market
- Analyze various perspectives of the market with the help of Porter’s five forces analysis
- Identify the key end-user likely to dominate the market
- Identify the region expected to witness fastest growth rate during the forecast period
- Identify the latest developments, market shares, and strategies employed by the major market players
- 3 months analyst support, along with the Market Estimate sheet (in excel).
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Buyers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products
3.2.5 Degree of Competition
3.3 Patent Analysis
4. Market Dynamics
4.1.1 Growing Demand from Super Abrasives Industry
4.1.2 Growing Demand from Electronics Industry
4.1.3 Increased Mining Restriction in Various Countries
4.2.1 Slow Production Process due to Technological Advancements
5. Market Segmentation and Analysis
5.1 By Type
5.2 By Products
5.3 By Manufacturing Process
5.3.1 High Pressure High Temperature (HPHT)
5.3.2 Chemical Vapor Depsition (CVD)
5.4 By End-Users
5.4.6 Oil & Gas
6. Regional Market Analysis (Market size, growth and forecast)
6.1.5 Rest of APAC
6.2.6 Rest of Europe
6.3 North America
6.3.2 Rest of North America
6.4 South America
6.4.2 Rest of South America
6.5 Middle-East and Africa (MEA)
6.5.1 GCC countries
6.5.2 South Africa
6.5.3 Rest of MEA
7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures Collaborations and Agreements
7.3 Market Shares Analysis**
7.4 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products & Services and Recent Developments)
8.2 Applied Diamond Inc.
8.3 Centaurus Technologies, Inc.
8.6 Element Six
8.7 ILJIN Diamond
8.8 New Diamond Technology, LLC
8.9 Pure Grown Diamonds
8.10 Sandvik AB
8.11 Scio Diamond Technology Corporation
8.12 Sumitomo Electric Industries
8.13 Tomei Diamond Co., Ltd.
8.14 Washington Diamonds Corporation
*List Not Exhaustive
**Subject to Availability on Public Domain
** Subject to feasibility and availability on public domain
- Applied Diamond Inc.
- Centaurus Technologies Inc.
- Element Six
- ILJIN Diamond
- New Diamond Technology LLC
- Pure Grown Diamonds
- Sandvik AB
- Scio Diamond Technology Corporation
- Sumitomo Electric Industries
- Tomei Diamond Co. Ltd.
- Washington Diamonds Corporation