Global Synthetic Diamond Market

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Synthetic Diamonds Market Size, Share, Demand, Growth, Trends
and Forecast to 2024 - Hexa Research
" The global synthetic diamond market size was
estimated to be worth USD 14.9 billion in 2016. They
are increasingly used for an array of applications
other than industrial including abrasives, laser
optics, and telecommunication."
The global Synthetic Diamonds Market is estimated to be worth USD 28.26 billion by 2024 as a result of its
increasing demand for cutting, polishing, and drilling. Increasing utilization of these functions for development
of infrastructure coupled with the growing spending on the sector is likely to propel market growth over the
projected period.
Expansion of the electronics and healthcare production base in countries including India and China is expected
to provide new opportunities for the development of the market. Presence of manufacturing bases of
companies including Samsung, Apple, Sony, Abbott, and GSK in Asia Pacific is expected to drive the demand for
synthetic diamonds in various industrial applications.
North America synthetic diamond market was valued at USD 3.89 billion in 2016 and is expected to witness
above-average growth in light of rebound of the manufacturing sector. However, the presence of a stringent
regulatory framework for the mining sector is likely to deter growth. Nonetheless, usage of synthetic diamonds
in the existing mining processes is expected to support the market.
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Asia Pacific is likely to witness the fastest growth at a 9.1% CAGR over the projected period owing to the
tremendous untapped potential of the manufacturing sector in the region. Increasing use of synthetic diamonds
in various manufacturing processes owing to their relatively low cost and ease of availability.
Polished synthetic diamond market is anticipated to grow at a CAGR of 8.3% over the projected period on
account of their relatively low demand in industrial application. However, the increasing use of these stone in
jewelry coupled with the rising consumer awareness regarding fashionable accessories is expected to open new
avenues for the growth of the market.
Electronics was the largest application segment and is expected to witness growth at a CAGR of 8.7% over the
projected period. Increasing demand for consumer electronics including washing machines, refrigerators, HVAC,
smartphone, and tablets is expected to drive the market for synthetic stones subsequently.
Centaurus Technologies Inc., Applied Diamond Inc., Element Six, New Diamond Technology, and ILJIN are some
of the prominent players in the market. These companies are focusing on R&D to develop stones w ith a higher
carat. For instance, using the HPHT process, New Diamond Technology (NDT) unveiled a 10.07 carat blue stone
in September 2016.
Hexa Research has segmented the global synthetic diamonds market based on operating process, type,
application and region:
Segmentation by process, 2014 - 2024 (USD Million)
• HPHT (High Process High Treatment)
• CVD (Chemical Vapor Deposition)
Segmentation by type, 2014 - 2024 (USD Million)
• Rough
• Polished
Segmentation by application, 2014 - 2024 (USD Million)
• Construction & Mining
• Electronics
• Jewelry
• Healthcare
• Others
Segmentation by region, 2014 - 2024 (USD Million)
• North America
• U.S.
• Europe
• Russia
• Asia Pacific
• India
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• China
• Rest of the World (RoW)
Key players analyzed
• Applied Diamond Inc
• Centaurus Technologies Inc.
• Crystallume
• Element Six
• ILJIN
• New Diamond Technology
• Pure Grown Diamonds LLC
• Scio Diamond Technology
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Table of Content of Synthetic Diamond Market
Chapter 1. Market Summary
1.1. Market trends & movement
Chapter 2. Synthetic Diamond Market Trends: Drivers & Opportunities
2.1. Introduction
2.2. Key industry trends
2.3. Market drivers
2.4. Market restraints
2.5. Value chain analysis
2.6. Porter's Five Forces analysis
2.7. SWOT
Chapter 3. Synthetic Diamond Products Market Trends, By Process
3.1. Global synthetic diamond market movement, by process, 2014 & 2024
3.1.1. HPHT
3.1.1.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
3.1.2. CVD
3.1.2.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
Chapter 4. Synthetic Diamond Products Market Trends, By Type
4.1. Global synthetic diamond market movement, by type, 2014 & 2024
4.1.1. Rough
4.1.1.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
4.1.2. Polished
4.1.2.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
Chapter 5. Synthetic Diamond Products Market Trends, By Application
5.1. Global synthetic diamond market movement, by application, 2014 & 2024
5.1.1. Construction & Mining
5.1.1.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
5.1.2. Electronics
5.1.2.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
5.1.3. Jewelry
5.1.3.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
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5.1.4. Healthcare
5.1.4.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
5.1.5. Others
5.1.5.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
Chapter 6. Synthetic Diamond Products Market Trends, By Region
6.1. Global synthetic diamond market movement, by region, 2014 & 2024
6.1.1. North America
6.1.1.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
6.1.1.2. Market estimates and forecast, by process, 2014 - 2024 (USD Billion)
6.1.1.3. Market estimates and forecast, by type, 2014 - 2024 (USD Billion)
6.1.1.4. Market estimates and forecast, by application, 2014 - 2024 (USD Billion)
6.1.2. Europe
6.1.2.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
6.1.2.2. Market estimates and forecast, by process, 2014 - 2024 (USD Billion)
6.1.2.3. Market estimates and forecast, by type, 2014 - 2024 (USD Billion)
6.1.2.4. Market estimates and forecast, by application, 2014 - 2024 (USD Billion)
6.1.3. Asia Pacific
6.1.3.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
6.1.3.2. Market estimates and forecast, by process, 2014 - 2024 (USD Billion)
6.1.3.3. Market estimates and forecast, by type, 2014 - 2024 (USD Billion)
6.1.3.4. Market estimates and forecast, by application, 2014 - 2024 (USD Billion)
6.1.4. Rest of the World
6.1.4.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
6.1.4.2. Market estimates and forecast, by process, 2014 - 2024 (USD Billion)
6.1.4.3. Market estimates and forecast, by type, 2014 - 2024 (USD Billion)
6.1.4.4. Market estimates and forecast, by application, 2014 - 2024 (USD Billion)
Chapter 7. Key Country Markets
7.1. U.S.
7.1.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
7.1.2. Market estimates and forecast, by demography, 2014 - 2024 (USD Billion)
7.1.3. Market estimates and forecast, by type, 2014 - 2024 (USD Billion)
7.2. Russia
7.2.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
7.2.2. Market estimates and forecast, by demography, 2014 - 2024 (USD Billion)
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7.2.3. Market estimates and forecast, by type, 2014 - 2024 (USD Billion)
7.3. India
7.3.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
7.3.2. Market estimates and forecast, by demography, 2014 - 2024 (USD Billion)
7.3.3. Market estimates and forecast, by type, 2014 - 2024 (USD Billion)
7.4. China
7.4.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
7.4.2. Market estimates and forecast, by demography, 2014 - 2024 (USD Billion)
7.4.3. Market estimates and forecast, by type, 2014 - 2024 (USD Billion)
Chapter 8. Competitive Landscape
8.1. Competitive landscape analysis, 2014
8.2. Strategic framework
8.3. Potential customer base concentration
8.4. Company market positioning
8.5. Company profiles
8.5.1. Applied Diamond Inc
8.5.1.1. Company Overview
8.5.1.2. Product Benchmarking
8.5.1.3. Financial Performance
8.5.1.4. Recent Initiatives
8.5.2. Centaurus Technologies Inc.
8.5.2.1. Company Overview
8.5.2.2. Product Benchmarking
8.5.2.3. Financial Performance
8.5.2.4. Recent Initiatives
8.5.3. Crystallume
8.5.3.1. Company Overview
8.5.3.2. Product Benchmarking
8.5.3.3. Financial Performance
8.5.3.4. Recent Initiatives
8.5.4. Element Six
8.5.4.1. Company Overview
8.5.4.2. Product Benchmarking
8.5.4.3. Financial Performance
8.5.4.4. Recent Initiatives
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8.5.5. ILJIN
8.5.5.1. Company Overview
8.5.5.2. Product Benchmarking
8.5.5.3. Financial Performance
8.5.5.4. Recent Initiatives
8.5.6. New Diamond Technology
8.5.6.1. Company Overview
8.5.6.2. Product Benchmarking
8.5.6.3. Financial Performance
8.5.6.4. Recent Initiatives
8.5.7. Pure Grown Diamonds LLC
8.5.7.1. Company Overview
8.5.7.2. Product Benchmarking
8.5.7.3. Financial Performance
8.5.7.4. Recent Initiatives
8.5.8. Scio Diamond Technology
8.5.8.1. Company Overview
8.5.8.2. Product Benchmarking
8.5.8.3. Financial Performance
8.5.8.4. Recent Initiatives
8.5.9. List of other vendors
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Relatively lower price and a higher production rate of these as compared to natural diamonds are expected to result in driving the growth of the synthetic diamnds market

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