Diamond Coatings Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Jul 2021
  • Pages: 120
  • SKU: IRTNTR45891
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The diamond coatings market has the potential to grow by USD 765 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 6.41%.

This diamond coatings market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (electronics, mechanical, industrial, medical, and others) and geography (Europe, North America, APAC, MEA, and South America). The diamond coatings market report also offers information on several market vendors, including Anglo American Plc, Blue Wave Semiconductors Inc., Crystallume, Diamond Materials GmbH, Endura Coatings, NeoCoat SA, OC Oerlikon Corp. AG, Sandvik AB, Smiths Group Plc, and SP3 Inc. among others.

What will the Diamond Coatings Market Size be in 2021?

Diamond-Coatings-Market-Market-Size-2020-2025

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Diamond Coatings Market: Key Drivers and Trends

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The cost advantages of diamond coatings is notably driving the diamond coatings market growth, although factors such as easy availability of substitutes may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the diamond coatings market industry get your FREE report sample now.

  • The low cost of diamond coatings in comparison with industrial diamonds is one of the key driving factors boosting the diamond coatings market growth.
  • The physical and chemical properties of diamond coatings and industrial diamonds are almost the same. They also offer the same toughness and other physical properties.
  • Diamond-coated tools offer a comparatively higher service life than diamond grain-based tools and other conventional tools.
  • Diamond coatings costs lesser than diamond tools and offer approximately similar characteristics. Thus, the cost of diamond coatings is the main factor that propels the demand for diamond-coated tools.

 

  • The versatile nature of diamond coatings increases their use in a wide range of industrial applications.
  • Diamond-coated components have thermal, optical, mechanical, electronic, and electrochemical properties. These unique combinations offer them many economic and performance advantages.
  • Diamond-coated tools are known for their exceptional hardness and low friction coefficient. This increases the inclination to employ them in mechanical operations such as high-precision cutting, precision dressing, grinding, and cutting tools. 
  • Diamond-coated tools have an ultra-fine edge and high precision and are known to have extreme thermal conductive properties. Thus, they are used in various electrical and electronic operations.

 

This diamond coatings market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Diamond Coatings Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Anglo American Plc
  • Blue Wave Semiconductors Inc.
  • Crystallume
  • Diamond Materials GmbH
  • Endura Coatings
  • NeoCoat SA
  • OC Oerlikon Corp. AG
  • Sandvik AB
  • Smiths Group Plc
  • SP3 Inc.

 

The diamond coatings market is fragmented and the vendors are deploying growth strategies such as increasing technological innovations to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the diamond coatings market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Diamond Coatings Market?

Diamond-Coatings-Market-Market-Share-by-Region-2020-2025

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33% of the market’s growth will originate from Europe during the forecast period. Germany and France are the key markets for diamond coatings market in Europe. Market growth in this region will be slower than the growth of the market in APAC.

The increasing use of diamond coatings in industries such as automotive, aerospace, mechanical, and construction will facilitate the diamond coatings market growth in Europe over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating End-user Segments in the Diamond Coatings Market?

Diamond-Coatings-Market-Market-Share-by-End-2020-2025

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The diamond coatings market share growth by the electronics segment will be significant during the forecast period. Diamond-coated components are ideal for use in high-performance computers and electrical and electronic products such as heat exchangers and sinks, electrical components, optical windows, and prosthetics. The demand for such diamond-coated apparatus is likely to propel the market during 2021-2025. The rapid rise in the sales of smart devices like smartphones, streaming media players, notepads, laptops, smart televisions, and other multimedia devices is also anticipated to drive the demand for diamond coatings from the electronics sector during the forecast period.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the diamond coatings market size.

 

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What are the Key Factors Covered in this Diamond Coatings Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive diamond coatings market growth during the next five years
  • Precise estimation of the diamond coatings market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the diamond coatings market industry across Europe, North America, APAC, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of diamond coatings market vendors

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Diamond Coatings Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6%

Market growth 2021-2025

$ 765 million

Market structure

Fragmented

YoY growth (%)

3.47

Regional analysis

Europe, North America, APAC, MEA, and South America

Performing market contribution

Europe at 33%

Key consumer countries

US, China, Germany, France, and India

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Anglo American Plc, Blue Wave Semiconductors Inc., Crystallume, Diamond Materials GmbH, Endura Coatings, NeoCoat SA, OC Oerlikon Corp. AG, Sandvik AB, Smiths Group Plc, and SP3 Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The diamond coatings market growth will increase by $980.22 million during 2019-2024.
The diamond coatings market is expected to grow at a CAGR of 7.61% during 2019-2024.
Technavio has segmented the diamond coatings market by end user (Electronics, Mechanical, Industrial, Medical, and Others) and geographic (Europe, North America, APAC, MEA, and South America).
Blue Wave Semiconductors Inc., De Beers Corp., Diamond Materials GmbH, Endura Coatings, NeoCoat SA, OC Oerlikon Corp. AG, Robb-Jack Corp., Sandvik AB, Smiths Group Plc, SP3 Inc. are a few of the key vendors in the diamond coatings market.
Europe will register the highest growth rate of 32.00% among the other regions. Therefore, the diamond coatings market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the diamond coatings market growth are:
  • Cost advantage of diamond coatings
The diamond coatings market vendors should focus on grabbing business opportunities from the electronics segment as it accounted for the largest market share in the base year.
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