Synthetic Diamonds Market (Updated Version Available)

The Synthetic Diamonds market was valued at xxx million USD with a CAGR xx% from 2015-2019. Subsequently, it will touch xxx million USD in 2020 with a CAGR xx % from 2020 to 2025.
Synthetic diamonds are lab-grown or laboratory produced diamond, its physical and chemical properties resemble to those of natural diamonds. Synthetic diamonds (lab-grown diamonds) are also known as cultivated or cultured diamonds. These are manufactured in the laboratory by using CVD (chemical vapor deposition) or HPHT (high pressure high temperature) processes. Synthetic diamonds exhibit properties similar to natural diamonds; hence, they are widely utilized in end-user industries that use diamonds. Increase in demand for synthetic diamond in industrial application will boost the synthetic diamond market. Synthetic diamonds are widely utilized in computer chip production, construction, machinery production, mining services (such as drilling for minerals), gem exploration, stone cutting and polishing, surgery, astronomy, experimental physics, and electronics. Synthetic diamonds are also known for their usage in oil & gas drills, as no other material is capable of handling extreme conditions. Synthetic diamond-based products are also being employed in industrial and household water treatment. Polycrystalline CVDs are an essential component in high-performance loudspeakers. Synthetic diamond detectors of ultraviolet light particles are used at high-energy research facilities and are available commercially.
The versatile properties of synthetic diamonds are the primary growth factors for this market. Synthetic diamonds possess a unique combination thermal, optical, mechanical, electronic, electrochemical, and acoustic properties that provides several economic and performance advantages in industrial applications. They are preferred for their exceptional hardness and low friction coefficient which is advantageous for applications such as high-precision cutting, precision dressing, and cutting tools. Owing to such advantages synthetic diamonds find their significance in applications across various industries including electrical and electronics, which will in turn, fuel the growth of the industrial diamond market.
Asia Pacific held the major share of the global synthetic diamond market in 2016. Growth of the region is primarily ascribed to the development of gem and industrial industry, especially in India, China, and Japan. In terms of value, Asia Pacific was estimated to hold for more than 45% share of the global synthetic diamond market in 2016. Consumers in India primarily focus on gem-quality diamonds for jewelry, while the consumers in China are intensifying studies aimed at utilizing synthetic diamonds in cutting-edge technologies. In Japan, diamond wafer team produces thin but rather wide CVD diamond plates. These plates can become the basis for future electronic devices. Thus, Asia Pacific is projected to be the fastest growing market during the forecast period.
In the global Synthetic Diamonds market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the market on the basis of application, type, regions, and manufactures.

In global market, the following companies are covered:
Element Six (E6)
Applied Diamond
HEYARU GROUP
Sandvik
ILJIN


Market Segment by Product Type:
Polished
Rough

Market Segment by Application:
Construction & Mining
Electronics
Jewelry
Healthcare

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Synthetic Diamonds market for the forecast period 2020 - 2025?
• What are the driving forces in the Synthetic Diamonds market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Synthetic Diamonds industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?