Diamond Wire Market - Forecasts from 2019 to 2024

The diamond wire market is estimated to be valued at US$794.633 million in 2018 and is projected to grow steadily rapidly during the course of the forecast period. The diamond wire is one of the new developments in the fire of diamond cutting. The diamond wire is used in quarrying, in cutting with single or multi-wire machines and for squaring and forming of stones such as rock and marble. The tools have been developed so as to offer an improved surface finish, better precision, speed to achieve cutting goals in short span and to enable absence of vibrations and low noise. The diamond wire cutting uses wire of many diameters and length and has the diamond dust of various sizes so that materials could be cut. This technique of cutting through the diamond wire is very reliable and can cut through any material owing to the hardness of diamonds.

Market Outlook
The upsurge in demand from various end-use industries such as electronics, PV silicon wafer, sapphire, and semiconductors drive the global market of diamond wires over the expected years. Moreover, the increase in the potential application with the ongoing technological advancement further propels the global diamond wire market growth. On the contrary, the high cost of diamond wire cutters and the inefficiency of wire after a few cuts may restrain the global growth.

Geographic Outlook
Geographically, Asia Pacific will drive the market for diamond wire on account of the expansion of major end-use industries such as semiconductors and electronics. Similarly, South America will also contribute to the global market growth due to the growing application of diamond wires are used across key industry verticals.

Research Methodology

Firstly, the report provides a brief introduction of the market and deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segmentations which have been covered as part of the report.

Market Dynamics

Next, the section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the market growth and a brief technological aspect of diamond wire. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.

Segmentation

By Application

• Quartz Cutting
• Sapphire Cutting
• Solar Silicon Cutting
• Others

By Geography

North America

• USA
• Others

Europe

• Germany
• France
• Others

Asia Pacific

• China
• Japan
• Others
• Rest of the World