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Report
Global Industrial Diamond Market Report and Forecast 2024-2032
Market Report I 2023-12-22 I 212 Pages I EMR Inc.
Global Industrial Diamond Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the global industrial diamond market is projected to grow at a CAGR of 3.1% between 2024 and 2032. Aided by the increasing demand in various high-precision manufacturing and drilling applications, the market is expected to grow significantly by 2032.
Industrial diamonds, distinct from gem-grade diamonds, are primarily used for their hardness and heat conductivity. They find their utility in numerous applications, from cutting, grinding, drilling, and polishing in industries ranging from construction, and electronics, to automotive. Given their attributes, industrial diamonds are pivotal in applications that demand precision, durability, and speed. They can be sourced naturally or synthetically manufactured, with the latter gaining considerable traction due to advancements in production technologies.
The growing industrial manufacturing activities worldwide are primarily propelling the global industrial diamond market demand. The need for more durable and faster equipment in industrial operations has led to a higher reliance on diamond-tipped tools. Additionally, the booming electronics industry, where diamonds are used for precision cutting and grinding of semiconductors, has further propelled market growth.
The applications of industrial diamonds in the automotive industry are also significant, where they are employed in the precision machining of components, ensuring longevity and performance. As per the industrial diamond market analysis, vehicle production rates climb worldwide, and the demand for industrial diamonds follows suit. Furthermore, the construction industry, with its requirement for drilling and cutting equipment, especially in infrastructure projects, relies heavily on diamond-embedded tools.
Another notable sector is the oil and gas industry. With drilling activities delving deeper and into more challenging terrains, the need for robust drilling bits, often made more resilient with industrial diamonds, becomes paramount. This has opened a lucrative avenue for the industrial diamond market growth. Additionally, advancements in technologies have made the production of synthetic diamonds more cost-effective, meeting the escalating demand.
One of the leading consumers of industrial diamonds, North America, particularly the United States, witnesses significant demand due to its expansive manufacturing, automotive, and electronics sectors, further increasing the value of industrial diamond market size. Additionally, oil and gas exploration activities in regions like Texas and the Gulf of Mexico necessitate diamond-embedded drilling equipment.
Market Segmentation
The market can be divided based on type, application, and region.
Market Breakup by Type
- Natural Industrial Diamond
- Synthetic Industrial Diamond
Market Breakup by Application
- Construction
- Transportation
- Electronics
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global industrial diamond market. Some of the major players explored in the report by Expert Market Research are as follows:
- Applied Diamond Inc.
- Element Six (UK) Ltd.
- PJSC Alrosa
- ILJIN DIAMOND CO., LTD
- Adamas One Corporation (Scio Diamond Technology Corporation)
- De Beers Group
- Industrial Diamond Laboratories, Inc.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Industrial Diamond Market Analysis
8.1 Key Industry Highlights
8.2 Global Industrial Diamond Historical Market (2018-2023)
8.3 Global Industrial Diamond Market Forecast (2024-2032)
8.4 Global Industrial Diamond Market by Type
8.4.1 Natural Industrial Diamond
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Synthetic Industrial Diamond
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Industrial Diamond Market by Application
8.5.1 Construction
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Transportation
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Electronics
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Industrial Diamond Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Industrial Diamond Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Industrial Diamond Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Industrial Diamond Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Industrial Diamond Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Industrial Diamond Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Applied Diamond Inc.
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Element Six (UK) Ltd.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 PJSC Alrosa
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 ILJIN DIAMOND CO., LTD
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Adamas One Corporation (Scio Diamond Technology Corporation)
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 De Beers plc
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Industrial Diamond Laboratories, Inc.
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.3.8 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Industrial Diamond Market: Key Industry Highlights, 2018 and 2032
2. Global Industrial Diamond Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Industrial Diamond Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Industrial Diamond Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Industrial Diamond Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Industrial Diamond Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Industrial Diamond Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Industrial Diamond Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Industrial Diamond Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Industrial Diamond Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Industrial Diamond Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Industrial Diamond Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Industrial Diamond Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Industrial Diamond Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Industrial Diamond Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Industrial Diamond Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Industrial Diamond Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Industrial Diamond Market Structure
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