About CVD Diamond
CVD diamond is created by the process known as Chemical Vapor Deposition. These are a type of lab-grown diamonds or synthetic diamonds. CVD diamond is made of similar materials as natural diamond, pure carbon, crystallized in isotropic 3D form. This type of diamond is manufactured in a controlled and monitored laboratory environment. It is widely used in heat sink applications, abrasives, cutting and polishing tools among others. CVD diamonds are typically 15% cheaper than mined diamonds. Therefore, there is a high demand for jewelry made of CVD diamonds.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global CVD Diamond market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Element Six (United Kingdom), Sumitomo Electric (United States), SP3 Diamond Tech (United States), Diamond Materials GmbH (Germany), Hebei Plasma Diamond Technology (China), EDP Corporation (Japan), Delaware Diamond Knives (United States), ABD Diamonds (India), Beijing Worldia (China) and Scio Diamond (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Pious Eco Diamond (India), Excellent Corporation (India), UniDiamond Superabrasives (United Kingdom), Laxmi Impex (India) and MASSYCVDDIAMOND (India).
Segmentation Overview
AMA Research has segmented the market of Global CVD Diamond market by Type (Rough and Polished), Application (Construction, Jewelry, Healthcare, Thermal Applications, Electronics and Others) and Region.
On the basis of application, Jewelry segment is dominating the market in the year 2022 where as Thermal Applications segment stood as second largest market .On the basis of geography, the market of CVD Diamond has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Size, the sub-segment i.e. 1mm to 5mm will boost the CVD Diamond market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand in United States, Increasing Demand for Synthetic Diamonds and Advances in CVD Diamond Technology
Market Growth Drivers:
Increasing Demand for Superabrasives from Electronics and Automobile Industry, High Demand from Computer Chip Manufacturers, Ring Demand for Gems to Manufacture Jewelry and Rising Demand since CVD Diamonds Overcome Environmental Issues of Mining
Challenges:
High Cost of Manufacturing Diamonds with Minimal Impurities
Restraints:
Low Gem-Quality of Synthetic Diamonds
Opportunities:
High Demand from Gas and Oil Drills and Rising Demand from Industrial and Household Water Treatment Plants
Market Leaders and their expansionary development strategies
In July 2023, Applied Diamond, a leading manufacturer of CVD diamond products, and Saint-Gobain, a global leader in industrial materials, have announced a partnership to commercialize CVD diamond heat sinks. The partnership aims to commercialize Applied Diamond's high-performance CVD diamond heat sinks to a wider range of customers.
In February 2022, Element Six, a leading manufacturer of synthetic diamonds, and II-VI Incorporated, a leading manufacturer of engineered materials, have announced a partnership to develop next-generation CVD diamond materials. The partnership will combine the two companies' expertise in CVD diamond growth and materials science to develop new CVD diamond products with improved properties for a wide range of applications, including electronics, power devices, and lasers.
Key Target Audience
CVD Diamond Manufacturer, CVD Diamond Traders/Distributors/Suppliers, CVD Diamond Raw Material Supplier, CVD Diamond End-Users, Downstream Vendors, Market Research and Consulting and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.