The global Industrial Diamond Market was valued at $1.84 Billion in 2018 and is forecast to grow at a modest 3.2 % CAGR between 2018 and 2026, culminating in 2026 global sales of $3.7 Billion.
Industrial diamond has substantial application in different industries like polishing tools, drilling & cutting. Many industries use these types of tools including construction & metalworking. We have observed that 27000 kg of diamonds are used in different industries every year.Global demand for industrial diamonds greatly exceeds the supply that can be obtained through mining. Industrial diamonds are more than hard & tough which are also insulators & thermal conductors, they allow to heat pass without spreading heat to materials around them. In both emerging & developed markets diamond tools is at near the top of industrial list of preferred presents especially in china, India, & Russia. Industrial diamonds are use as an abrasive. Small particles of diamond are embedded in saw blades, drill bits, & grinding wheels. Synthetic diamonds have been the dominant type of diamonds in industrial application since the end of 20th century because synthetic diamonds for these purposes are much less costly than mined diamonds, have more consistent properties & are become available in made to order specification
“Optimal Price Point (OPP) for Industrial Diamonds”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On an average, in the China Industrial Diamond are available at USD xxx- USD xxxx. However, the high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of latest products.
Industrial Diamond Market by “Type”
We have segmented the Industrial Diamondalloy based on Type as Synthetic, Natural.
We have observed the significant growth industrial diamond market by synthetic type diamond which dominate the market & projected to be the fastest growing product segment. Synthetic diamond is known to have the highest known resistance to thermal shock & the highest known thermal conductivity & which have low thermal expansion. Synthetic diamond application is use in area of PCDs which are widely used in oil & gas drill as no other material is capable of handling the extreme conditions. Large economics benefits are gained by rig drilling operators due to the use of synthetic diamonds. Synthetic diamond based products are used in industrial & household water treatment. United state will continue to be the largest market for industrial diamond. Increase in demand in synthetic grit & powder are expected to be greater than for natural diamond material.
Industrial Diamond Market by “Application”
We have segmented the Industrial Diamond market based on Application are Construction, Electronics, Transportation, Others.
We have observed the significant growth of industrial diamond market by the application of transportation. Diamonds are so strong (scoring a 10 on the Mohs Hardness Scale), they are extremely effective at polishing, cutting, and drilling. Many industries – including automotive, mining, and military – use diamond saws and drills.In fact, the USGS reports that every car that rolls of United States assembly lines represents the consumption of 1.5 carats of industrial-grade diamond. Small diamond particles are added to drill bits and saw edges to make them more powerful for cutting tough materials.Diamonds are an important material in the production of vehicles. From the diamond saws and drill bits that cut and finish the body and engine components to the diamond-coated grinding wheels that bevel and polish the glass in car windows, this gem is an integral part of the automotive industry.
Asia Pacific accounted for the maximum revenue share of over xx% in 2018 due to increased demand of Industrial Diamonds market followed by EU- Top 5 countries contribute $X.6 Billion in 2026 and expected to reach $x.5 Billion by 2026.
The key regions analyzed in the study include North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. In 2018, China held the largest share for Industrial Diamond market due to the demand for the application in Automotive, aerospace, Defense, Construction, Electronics, Transportation. The Asia Pacific is expected to have the highest growth due to China & India this would be followed by North America.
Rising demands for Automotive, Construction & increase the Demands for Electronics components with the increasing populations generates a demand for Industrial Diamonds. We are observing that anIndustrial Diamonds are a good option as it can create a good impact on the industrial sectors.
“Competitive Landscape”and“Merger & Acquisition Insights”
The key market participants include Scio Diamond Technology Corporation,Morgan Advanced Materials, Industrial Diamond Laboratories, Inc, Applied Diamond, Inc, ALROSA,De Beers, Worldwide Diamond Manufacturers Pvt. Ltd, Hebei Plasma Diamond are few major players in Industrial Diamond Markets. TheIndustrial Diamond market is fragmented with large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovations & new product development are major focus area for dominant companies.
Industrial Diamond Market byKey Categories(Revenue, Million, 2018 – 2026)
Industrial Diamond Market by Product Type (Revenue, Million, 2018 – 2026)
Industrial Diamond Market Regional Outlook (Revenue,USD Million, 2018- 2026)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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