December 7, 2021

Global Industrial Diamond Market To Be Driven By The Speedy Development In Construction And Automotive Industries In The Forecast Period Of 2021-2026

5 min read

The new report by Expert Market Research titled, ‘Global Industrial Diamond Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global industrial diamond market, assessing the market based on its segments like type, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

Request a free sample copy in PDF or view the report [email protected] https://www.expertmarketresearch.com/reports/industrial-diamond-market/requestsample

The key highlights of the report include:

Market Overview (2016-2026)

  • Historical Market Size (2020): USD 1.85 Billion
  • Forecast CAGR (2021-2026): 3%
  • Forecast Market Size (2026): USD 2.2 Billion

A significant rise in the market growth can be attributed to the growing automotive industry that extensively relies on industrial diamonds for machining abrasive alloys and cast iron. They are also required for grinding, drilling, and polishing hard materials like stones. This, along with the increasing construction activities, is influencing the market growth. As various governments focus on infrastructure development, such as water supply, transportation, energy networks, and telecommunication, increasing urbanisation is supporting the rise of the construction industry. Industrial diamonds are employed in the electronics industry for polishing silicon wafers, dissipating heat in electrical circuits and producing computer chips, wire drawing, and disk drives which is boosting the market growth. The market is being bolstered by factors such as the creation of new infrastructure, the rehabilitation of ageing highways, and the increased manufacture of automobiles.

Industry Definition and Major Segments

Diamonds that do not fulfill the gem-quality criteria of clarity, colour, shape, and size are employed in a variety of industrial applications. They are the most powerful and toughest naturally occurring materials, having excellent chemical, electrical, optical, and thermal conductivity. Synthetically created diamonds are now favoured over the world because they can be mass-made in large quantities and customised for specific needs.

Explore the full report with the table of [email protected] https://www.expertmarketresearch.com/reports/industrial-diamond-market

By type, the market is divided into:

  • Natural Industrial Diamond
  • Synthetic Industrial Diamond

The applications of the product includes:

  • Construction
  • Transportation
  • Electronics
  • Others

On the basis of region, the industry is divided into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

Industrial diamonds are cost-effective compared to other abrasives; therefore, their demand is anticipated to escalate in special lenses for laser radiation equipment, machinery manufacturing, and modern metalworking around the world. The global industrial diamond market industry is benefitting from research aimed at lowering manufacturing costs and broadening the spectrum of its applications. Rising industrial activities in emerging economies are also expected to positively influence the region’s growth. The rising adoption of nano diamonds in medical applications is likely to bode well for the growth of the market in the forthcoming years. The growth of the industry can also be attributed to the improving economic conditions and increasing investments in industrial and manufacturing activities in emerging countries.

Key Market Players

The major players in the market are Applied Diamond Inc., De Beers Group, Ojsc Alrosa, Industrial Diamond Laboratories, Inc., Morgan Advanced Materials, Scio Diamond Technology Corporation, and Iljin Diamond Co., Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

Read More Reports:

Global Olestra Market: https://www.expertmarketresearch.com/reports/olestra-market

Global Human Insulin Market: https://www.expertmarketresearch.com/reports/human-insulin-market

Global Methyl Paraben Market: https://www.expertmarketresearch.com/reports/methyl-paraben-market

Global Dehydrated Food Market: https://www.expertmarketresearch.com/reports/dehydrated-food-market

Global Sharps Containers Market: https://www.expertmarketresearch.com/reports/sharps-containers-market

Global Reishi Mushroom Extract Market: https://www.expertmarketresearch.com/reports/reishi-mushroom-extract-market

Global Human Capital Management (HCM) Market: https://www.expertmarketresearch.com/reports/human-capital-management-hcm-market

Global Non-Magnetic Metals and Alloys Market: https://www.expertmarketresearch.com/reports/non-magnetic-metals-and-alloys-market

Global Intraocular Melanoma Treatment Market: https://www.expertmarketresearch.com/reports/intraocular-melanoma-treatment-market

Global Redundant Array of Independent Disks (RAID) Market: https://www.expertmarketresearch.com/reports/redundant-array-of-independent-disks-raid-market

Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

Company Name: EMR Inc.
Contact Person: Steven Luke, Corporate Sales Specialist – U.S.A.
Email: [email protected]
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com

Also, Check Procurement Intelligence which provides you with Infallible research solutions.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © All rights reserved. | Newsphere by AF themes.