According to Stratistics MRC, the Global Synthetic Diamond Market is accounted for $24.68 billion in 2022 and is expected to reach $38.95 billion by 2028 growing at a CAGR of 7.9% during the forecast period.
The uppermost recognized thermal conductivity, a large electrical band gap and biological inertness are all features of synthetic diamonds. Because of this, the material’s excellent heat conductivity enables cutting-edge developments in the production of semiconductors and electronics.
Due to their capacity as heat sinks, synthetic diamonds should be used more frequently in the electronics sector. This diamond is a crucial heat-enabling technology because it keeps silicon and other semiconductor goods from overheating. The market for synthetic diamonds is anticipated to expand in demand owing to the steadily rising demand for mobile phones and semiconductors.
By geography, When it comes to market share, Asia-Pacific will control the synthetic diamond industry over the anticipated era. This is a result of the region’s rising demand for synthetic diamond. In terms of strong manufacturing activity, growth, and expansion of numerous end-user sectors, the Asia-Pacific region dominates the synthetic diamond market. a rise in the usage of synthetic diamonds in manufacturing processes due to their accessibility and low cost. The demand for gems manufactured of synthetic diamonds has increased, and the electronics industry has made extensive use of the items, propelling revenue streams. With ASEAN members serving as major chip exporters, chip fabrication is projected to represent the synthetic diamond market’s largest growth opportunity.
Some of the key players profiled in the Synthetic Diamond Market include Eco Star Diamond , Element Six UK LTD, New Diamond Technology, Applied Diamond Inc, Industrial Abrasives Ltd, Sandvik Group , Soham Industrial Diamonds, FOREVER COMPANIES, Hyperion Materials & Technologies, Sumitomo Electric Industries Ltd, Hyperion Materials & Technologies, Pure Grown Diamonds, Applied Diamond Inc., ILJIN DIAMOND CO., LTD., Washington Diamonds Corporation.
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By Types:
- Rough
- Polished
By Manufacturing Process:
- Chemical Vapor Deposition (CVD)
- High Pressure, High Temperature (HPHT)
By Products:
- Powder
- Grit
- Dust
- Bort
- Stone
By Applications:
- Surgical Machinery
- Heat Sinks/Exchangers
- Laser and X-ray
- Gem
- High-end Electronics
- Water Treatment
- Optical, Sensors and Scanning
- Medical
- Machine and Cutting Tools
- Electricals
- Quantum Computing
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